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Re: nobullhere post# 52661

Monday, 10/18/2010 6:41:20 PM

Monday, October 18, 2010 6:41:20 PM

Post# of 79740
The Evermedia Group, Inc.System Technology Solutions, Inc.
Evermedia Biometrics CorporationNews
0/18/10

THE EVERMEDIA GROUP ANNOUNCES FULL AND DIRECT OWNERSHIP OF DEFENSE CONTRACTOR SYSTEM TECHNOLOGY SOLUTIONS, INC.

BOSTON, MA--(Marketwire - 10/18/10) - The Evermedia Group (Pinksheets:EVRM - News) is pleased to announce its 100% ownership of System Technology Solutions, Inc. (STS). This development follows a September 11, 2009 announcement in which The Evermedia Group had previously acquired an 80% stake in the San Antonio-based company. Whereas, previously, The Evermedia Group held a majority position in STS through STS's parent holding company, The Evermedia Group currently owns 100% of STS directly through an exchange of restricted stock. Pursuant to the agreement, STS President Richard (Dick) Weitzel was appointed co-President of The Evermedia Group while continuing his duties as President of STS. Moving forward, STS will be designated a wholly owned company of The Evermedia Group.

Commenting on the agreement, Jonathan Sym, CEO of The Evermedia Group, Inc., said, "Dick has done an amazing job advancing STS to its current place in defense contracting. During our professional relationship, I've watched STS grow to the extent that STS can accommodate the needs of not only small companies but Fortune 100 companies as well. I welcome Dick's continuing guidance on expanding this joint effort."

President of STS Richard Weitzel added, "Internally, aggregating our assets has proven successful. This development marks the final stage of an idea that began years ago. I believe in Jonathan, Evermedia Biometrics, and the future of STS. To have capabilities as a biometric provider and a successful defense contractor is amazing in its own right and, given our service disabled designation, we're a truly unique company."

About Evermedia Biometrics Corporation

Based in Boston, MA, Evermedia develops biometric-based identification management and authentication solutions using proprietary, patent-protected iris recognition technology. Evermedia is involved in the development of biometric-based systems to protect personal identity. The company's proprietary technology is patented in the United States, China and South Korea. Evermedia Biometrics Corporation is a wholly owned company of The Evermedia Group, Inc.

About System Technology Solutions

Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally. STS is wholly owned by the Evermedia Group, Inc.



10/5/10
THE EVERMEDIA GROUP ANNOUNCES NEW HEADQUARTERS IN BOSTON MASSACHUSETTS
The Evermedia Group, Inc. is pleased to announce our relocation to Boston is substantially complete. Located near the corner of Massachusetts Avenue and Tremont Street, Evermedia occupies a modern, industrial-style loft much larger than our former Manhattan location. The unit affords us the space to accommodate a larger team at a significantly lower cost as our enterprise continues to grow. Boston further offers Evermedia access to the world’s foremost academic institutions, particularly those involved in the advancement of new technologies. For these, and other reasons, we believe Boston is the best venue to cultivate our assets and Intellectual Property (IP). And, although it’s taken several weeks, we are currently equipped to accept investor relations calls, please find our contact information below.

The Evermedia Group, Inc.
791 Tremont Street - CO 206
Boston, Massachusetts 02118

Investor Relations: (857) 991-1635
rgrannatt@evrm.us

9/7/10
AN EVERMEDIA GROUP COMPANY SELECTED AS SUBCONTRACTOR TO STANLEY ON DEPARTMENT OF STATE GLOBAL SUPPORT STRATEGY CONTRACT
NEW YORK, NY--(Marketwire - 09/07/10) - System Technology Solutions, Inc. (STS), an Evermedia Group, Inc. (Pinksheets:EVRM - News) company, is pleased to announce that it has been selected as a subcontractor on the Department of State Global Support Strategy (GSS) contract recently awarded to Stanley, Inc.
Stanley was selected as one of two prime contractors on the 10-year multiple award, indefinite-delivery, indefinite-quantity GSS contract by the U.S. Department of State, Bureau of Consular Affairs (DoS CA) to provide business process support services for both non-immigrant and immigrant visa-related operations at U.S. embassies and consulates abroad under a performance-based arrangement. The firm-fixed-price award has a $2.8 billion contract ceiling and includes a one-year base and nine one-year option periods.
"We are proud of the capabilities we offer to the State Department on the GSS contract and believe our solution provides comprehensive, secure, customer-centric, scalable and efficient delivery of GSS services around the globe," said Howard Ady, Stanley vice president and GSS program manager.
Under the subcontract, STS will provide the Stanley team with comprehensive security services, managing security installations and security guard personnel. STS President Dick Weitzel expressed his enthusiasm, saying, "We are extremely pleased to be on the Stanley team and look forward to supporting the customer on this mission-essential effort."
About System Technology Solutions
Based in San Antonio, Texas, STS is a service-disabled veteran-owned small business defense contractor providing engineering, logistics, IT, and security solutions to government and large commercial enterprises. STS also provides technical design, program management, and security services globally.


THE EVERMEDIA GROUP, INC. IMPLEMENTS ENHANCED CORPORATE COMMUNICATION PLANS

NEW YORK, NY--(Marketwire - 07/02/10) - The Evermedia Group (Pinksheets:EVRM - News) is pleased to announce new policies and plans to enhance corporate communications with shareholders. In addition to current investor relations media such as our website and press releases, the company will hold quarterly conference calls with the CEO and/or special guests whereby shareholders may participate in an interactive forum. The first "CEO Call" will be held on August 4, 2010 at 2PM (EDT). This call will be exclusively for shareholders. Interested participants must email their name, address and phone number to info@evermediabiometrics.com and write "conference call" in the subject line. Several days before the call, authorized participants will receive a dial-in number and pass code as well as rules and instructions to participate. Participants whose names do not appear on a Non Objecting Beneficial Owners (NOBO) list as of record date July 30, 2010 or those who fail to provide information, will not receive instructions.

Also, the Company is publishing an e-newsletter circulated monthly to inform our investors about events that may not warrant a formal press release but relevant to the Company. Interested shareholders should emailinfo@evermediabiometrics.com and write "newsletter" in the subject line. Again, participants whose names do not appear on a Non Objecting Beneficial Owners (NOBO) list or those who fail to provide information matching our current records, will not receive an e-newsletter. The first issue will be sent on August 2, 2010.

Lastly, our current website will remain operational while a new website, under a new URL, is being developed. The new site will contain information on both Evermedia Biometrics and System Technology Solutions. While these two subsidiaries will maintain individual sites, the "Parent" site will contain more detailed and updated content on both companies that may interest current and future investors. The Company is also considering a blog either available on this website or via Facebook. We will inform shareholders once a decision is made.

Although implemented by the management team, these enhancements to corporate/shareholder communications were inspired by our shareholders. After receiving numerous constructive suggestions and comments, we developed and recently executed several key enhancements which we hope is the foundation to greater communication and transparency. Management now realizes that news and information about the Company, regardless of its immediate significance, is important to our investors. Our hope is that these changes make a positive difference.

We would like to thank all our supportive shareholders for sharing your thoughts and ideas with us. We wish you and all, particularly the proud members of our military, a very safe and happy independence day.

12/21/09
EVERMEDIA GROUP AFFILIATE ANNOUNCES SUBCONTRACT AGREEMENT WTIH DIVISION OF HONEYWELL INTERNATIONAL
NEW YORK, NY-December 21, 2009-The Evermedia Group affiliate System Technology Solutions, Inc. (STS) announced a task order driven subcontract agreement with Honeywell Technology Solutions, Inc. (Honeywell), a division of Honeywell International. Under a $22,426,474, indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee, performance-based prime contract, STS will provide engineering support to the Navy, Department of Defense (DoD), and other government agencies, including the Defense Logistics Agency (DLA). This development follows the Department of the Navy approval of STS's capabilities to accommodate The Space and Naval Warfare Systems Center (SPAWAR); this authorization required a technical review of STS conducted by Department of Defense. Previously mentioned in a late August press release, STS recently received approval to identify Honeywell as prime.
By its terms, the subcontract agreement indicates STS will perform a broad range of SPAWAR services directed toward the commission of Automated Fuel Handling Equipment (AFHE). Specifically, the majority of tasks within STS's capabilities will include automated equipment installation for fuel handling facilities pursuant to the Phase IIB Automation Program and Automated Tank Gauging (ATG) replacement program. Under the subcontract, STS technicians are responsible for the installation of ATG and automated fuel service station equipment in accordance with DLA-established standards and guidelines. Additionally, STS must coordinate these tasks between existing field devices and legacy Business Systems Modernization (BSM) software systems, formally known as Fuel Automated Systems (FAS). Although AFHE represents the primary focus of the subcontract agreement, other tasking available to STS includes installation and maintenance of enhanced security systems and automated information system development such as database, Geographical Information Systems (GIS), and web-based systems.
According to Dick Weitzel, CEO of STS, "We're enthusiastic the Honeywell subcontract will demonstrate its value in both the short and long term. Currently, we're preparing to perform issued task orders, bearing in mind the importance of our continued relationship to Honeywell," said Weitzel. "We greatly appreciate the opportunity to participate in this renovation effort; STS will perform our ATG tasks such that Honeywell will extend us more opportunities."
About Honeywell Technology Solutions, Inc.
Headquartered in Columbia, MD, Honeywell Technology Solutions is a division of the Fortune 100 Honeywell International, ranking 63rd in 2009. Honeywell Technology Solutions offers an array of services for aerospace and military customers. Activities include technical and engineering services (equipment calibration services), space system services (satellite flight control and mission operations), logistics and sustainment (expeditionary logistics, depot-level maintenance, systems engineering and integration), program management services (safety performance tracking and management, quality inspection and auditing, and risk management), and IT and communication services (communication security and information assurance). Among various institutional clients, Honeywell Technology Solutions notably serves its largest customer, the National Aeronautics and Space Administration (NASA).
About System Technology Solutions
Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally.

10/28/09
EVERMEDIA GROUP AFFILIATE NAMED SUBCONTRACTOR ON DEPARTMENT OF HOMELAND SECURITY CONTRACT
New York, NY—October 28, 2009—Evermedia Group affiliate, System Technology Solutions, Inc. (STS) is pleased to announce it will serve the US Department of Homeland Security (DHS) on the PACTS services contract. Under a subcontract formed with Serrano IT Services, Inc. (SITS), STS will supply DHS with fiber optic security, surveillance systems, personnel/vehicle access control, and emergency planning. Selected in accordance with set-aside procurement, both SITS and STS are service disabled veteran owned small businesses (SDVOSBs).
Currently, the DHS Office of Procurement Operations has selected SITS under functional category four of the PACTS services contract. The SDVOSB set-aside represents a significant portion of the total services under the PACTS services contract for DHS. The SDVOSB set-aside portion of the contract will provide a wide range of services for DHS through four comprehensive functional categories: (1) Program Management, (2) Administrative, (3) Clerical, and (4) Technical Services (PACTS). All PACTS services to be provided are non-IT related. While task orders will reflect individual delivery or performance period requirements, the indefinite delivery/indefinite quantity (ID/IQ) PACTS contracts carry a two-year base period and three one-year option periods. To satisfy DHS department-wide demands, PACTS contracts will be issued up to a $1.5 billion ceiling segmented in a size standard of $6.5 million.
According to Dick Weitzel, CEO of STS, “Proportionally, the PACTS procurement reserved for service disabled veteran owned businesses is one of the larger set-asides STS has realized through our SDVOSB status.” Weitzel continued, “Through this subcontract, companies like us and SITS will realize the goal of the executive order for service disabled companies in federal contracting.”
About Serrano IT Services, Inc.
Serrano IT Services, LLC (SITS) is a Service Disabled Veteran Owned (SDVO) Small Business Concern (SBC) specializing in Information Technology Solutions for federal and state governments. SITS is staffed by scientists and engineers well versed in all IT disciplines to include architecture, design, and development of new software and network systems, as well as the integration and evolution of older software and network systems. SITS experts specialize in systems integration and engineering, software engineering, telecommunications, as well as network and weather systems.
About System Technology Solutions, Inc.
Based in San Antonio, TX, STS is a Service Disabled Veteran Owned Small Business defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS, a wholly owned subsidiary of STS Evermedia Corporation, also provides technical design, program management and security services globally. STS Evermedia Corporation is a subsidiary of the Evermedia Group, Inc.

10/28/09
RICHARD WEITZEL NAMED CEO OF STS EVERMEDIA CORPORATION
The Evermedia Group, Inc. is pleased to announce the appointment of Richard Weitzel as Chief Executive Officer of STS Evermedia Corporation, parent company of defense contractor System Technology Solutions, Inc. This development follows a September 2009 announcement from the Evermedia Group detailing its successful majority acquisition of STS Evermedia Corporation.

9/15/09
THE EVERMEDIA GROUP PROVIDES GUIDANCE ON UPCOMING SHARE STRUCTURE
NEW YORK, NY—(September 15, 2009)—Recently The Evermedia Group, Inc. (PINKSHEETS: EVRM) acquired a majority position in STS Evermedia Corporation (SEVM), holding company of defense contractor System Technology Solutions, Inc. (STS). As a result of this acquisition, the authorized capital stock of the company will increase from 790 million to 1.28 billion shares. The increase will reflect the issuance of new Class B non-voting and non- trading shares. The total number of outstanding shares will increase to approximately 1.131 billion shares, of which the entire increased amount will be used to finance the recent acquisition. The majority of the stock used will come from Class B shares affecting the Class A shares by an increase of approximately 124 million shares. As no third party investors, brokers or commissions were involved in the transaction, all of the increase in outstanding shares will be given to officers, directors and employees only, all in the form of restricted stock. Furthermore, the percentage increase also reflects the minimum federal requirements necessary for The Evermedia Group and its subsidiaries to maintain the Service Disabled Veteran Owned Small Business (SDVOSB) status. Lastly, the number of shares in the float will not be affected by this transaction.
CEO of The Evermedia Group, Jonathan Sym commented that “this acquisition is very important to the growth of our company. The STS transaction will allow us to consolidate financials and to generate revenues for the first time in our company’s developmental history as well as to align ourselves with several top 100 federal contractors to integrate our biometric identity applications. Now that all of our current and future operating companies will be designated as SDVOSB, this will give us a valuable and distinct advantage when bidding for government contracts against some of our larger competitors“. He further stated that “the total cost of this acquisition is about $15 million in stock and cash. What we are buying is an asset that is worth about $80-$100 million, based on STS’s current and pro forma revenues, earnings growth rates, relative P/E and its ability to generate government contracts in the next three years. This is an incredible opportunity for us to acquire an asset for a great price. Furthermore, almost 75% of this acquisition was done with newly created Class B shares which do not carry any immediate market liquidity. We did this to assure our shareholders that the principals in our company are in it for long term value. These shares have very limited selling ability but does retain similar economic value to our Class A shares in the event of a merger or acquisition by another entity. “
About Evermedia
Evermedia is a veteran-owned company based in New York, NY that develops biometric-based identification management and authentication solutions using proprietary, patent-protected iris recognition technology. Evermedia is involved in the development of biometric-based authentication and verification systems to protect personal identity. The company’s proprietary technology is patented in the United States, China and South Korea. In addition to various other companion interests, the Evermedia Group is the largest shareholder in STS Evermedia, the parent of System Technology Solutions, Inc.
About System Technology Solutions
Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally.

9/11/09
THE EVERMEDIA GROUP AQUIRES MAJORITY STAKE IN SYSTEM TECHNOLOGY SOLUTIONS
NEW YORK, NY, September 11, 2009 – Evermedia Group, Inc. (PINKSHEETS: EVRM) is pleased to announce that it has completed an agreement to acquire a majority interest in the San Antonio, TX based defense contractor, System Technology Solutions, Inc. (STS). Currently, the Evermedia Group owns 80% of STS through its parent company and will now control two operating subsidiaries. The deal was financed primarily with common stock, requiring Evermedia to increase its authorized shares to finance the purchase. The companies will consolidate certain aspects of their businesses such as contract management, administrative functions and financial reporting while operations and division management will remain independent. Richard Weitzel will be named the new Chief Executive Officer of STS Evermedia Corporation, the parent of STS, and will also be a director at the Evermedia Group. The “change of command” will take place on or about 1 OCT 2009.
Regarding the acquisition, CEO of Evermedia Jonathan Sym stated: “this increased ownership of STS is a milestone event for us. This is the most significant event in our company’s young history as it will allow us to participate in the revenues of a terrific company. With STS as a subsidiary and some recent agreements we have yet to announce, we look forward to posting strong third quarter financials. Furthermore, we structured this acquisition so Evermedia will now become a Service Disabled Veteran Owned Small Business. This will create tremendous contracting and financial opportunities for us going forward.”
In order for a company to be designated a service disabled company, a minimum of 51% of the outstanding shares must be directly owned by veterans with a service related disability. Given this mandate, Evermedia increased its authorized to meet this requirement as well as to allow enough shares for future, targeted acquisitions. Accordingly, Evermedia believes that they are the only iris biometric and defense contracting company to have this designation.
Weitzel commented, “This is a very exciting time for us all. We have been winning some terrific contracts as well as forming teaming agreements with some of the best and largest defense contractors in the world. Now having exclusive access to biometric technologies through Evermedia, we have a distinct advantage over our competitors as demand for biometric security applications continue to grow within the DoD. This partnership with Evermedia is outstanding and we look forward to growing this family of companies together.”
About Evermedia
Based in New York, NY Evermedia develops biometric-based identification management and authentication solutions using proprietary, patent-protected iris recognition technology. Evermedia is involved in the development of biometric-based authentication and verification systems to protect personal identity. The company’s proprietary technology is patented in the United States, China and South Korea. The Evermedia Group is also the largest shareholder in STS Evermedia, the parent of System Technology Solutions, Inc.
About System Technology Solutions
Based in San Antonio, TX, STS is a defense contractor providing engineering, logistics, IT and security services to government and large commercial enterprises. STS also provides technical design, program management and security services globally.