Judging by your less than positive posting history, what are you basing your general, sweeping, all inclusive, generic, and bland post on? Having a vendetta on penny stocks in general doesn't make this stock "worthless."
Perhaps you could take the time for some real DD..... and know this fully transparent company is for real....GLTY;-)
MILESTONES
August 2008 - Bagdad Detainee Property Warehouse (DPW) Contract awarded to inventory, secure, and oversee the personal property of 60,000 detainees. STS provided approximately $1 million in services under DPW.
December 2008 -Evermedia Biometrics Corporation signs Memorandum of Understanding with The Peter Kiewit Institute of the University of Nebraska in regards to advancing current knowledge in the area of biometric technology.
March 2009 -Teaming Agreement signed with EDS, an HP company, to provide support services for the U. S. Army's Biometrics Operations and Support Services-Unrestricted (BOSS-U) contract. BOSS-U is a multiple award contract run by the US Department of Defense’s Biometric Task Force. The contract has a maximum ceiling dollar value of $497 million and a base period of three years with two, one-year options. The contract objectives are to obtain a broad range of services, solutions and contract types to fulfill the majority of component and departmental biometric services needs.
April 2009 -Joint venture agreement signed with Nations ID to develop multimodal Match on Card (MOC) applications. MOC is the process of sending biometric characteristics such as a fingerprint and/or an iris image from a recognition device to a card that has embedded in it encrypted templates of such characteristics. The templates are stored only on the card and not on a database. If the card is lost or stolen, it will be rendered useless as it requires the accompanying fingerprint and/or iris image to be effective.
July 2009 -Awarded a subcontract with Stanley, Inc. to service the U.S. General Services Administration (GSA) Alliant Contract. Alliant is a 10-year multiple award/indefinitedelivery, indefinite-quantity (MA/IDIQ) Alliant contract carries a $50 billion ceiling for all awardees, it includes a five-year base and one five-year option period. With its emphasis on integrated Information Technology (IT) solutions, Alliant enables Federal and Department of Defense agencies alike with streamlined access to a broad range of management and technical support services.
July 2009 -Strategic alliance agreement signed with Blue River Information Technology, a Virginia-based, consulting services and hardware provider. Blue River provides data storage solutions, IT consulting, sales, finance and marketing to top tier government and corporate customer bases.
August 2009 -Teaming agreement signed with Biometric Associates, LP (BAL) to assist with the development of Match on Card (MOC) technology. Biometric Associates is a unique developer, manufacturer, and integrator of authentication and identity systems specifically designed to provide a high level of security and privacy protection.
October 2009 -Subcontract awarded by Serrrano IT Services, Inc. to service the US Department of Homeland Security (DHS), PACTS services contract. Carrying a $1.5 billion ceiling, the subcontract provides that STS supply fiber optic security, surveillance systems, personnel/vehicle access control, and emergency planning services.
December 2009 -Subcontract awarded by Honeywell Technology Solutions, Inc., a division of Honeywell International to service a $22,426,474 Department of Defense (DoD)/Defense Logistics Agency (DLA) contract. STS’s portion under the subcontract is primarily in the areas of fuel handling and gauge replacement in tanks.
September 2010 -Subcontract awarded by Stanley, Inc. to provide security services to the Global Support Strategy (GSS) contract issued by the U.S. State Department. Carrying a $2.8 billion ceiling, STS was included to provide business process support services for immigrant and non-immigrant support services at U.S. embassies and consulates.
MANAGEMENT
Jonathan Sym, Chief Executive Officer, The Evermedia Group, Inc. President, Evermedia Biometrics Corporation
Jonathan is a graduate of Boston University where he received his Bachelor of Science degree from the School of Management before attending graduate school at Harvard University. Prior to Evermedia Biometrics, he worked as a Financial Consultant for Merrill Lynch and other companies in the management and investment consulting industry. Lieutenant Commander Sym received his commission in the U.S. Navy in 1999 and was recalled to active duty in 2003 and deployed to serve with NATO forces in support of Kosovo Operations and to Guantanamo Bay, Cuba. Jonathan oversees all operations of the company including corporate finance, government affairs, mergers and acquisitions, and business development. He continues to serve in the Navy Reserve and resides in Boston, MA.
E. Richard Weitzel, III, Chairman of the Board, The Evermedia Group, Inc. President, System Technology Solutions, Inc. Dick received his Bachelors degree from the University of Texas, Austin and his MBA from the University of Southern California. He is a retired U.S. Air Force Lieutenant Colonel an spent his career in Information Technology. He has over 30 years of experience in defense contracting and has managed contracts with all the U.S. military agencies, Fortune 500 defense contractors and several Department of Defense entities. Dick resides in San Antonio, TX.
Patricia Waldroop, Corporate Secretary, The Evermedia Group, Inc. Contracts Manager, System Technology Solutions, Inc.
Patricia received her Bachelor of Arts (cum laude) degree and attended graduate school at the University of Texas, San Antonio. Her expertise in government and federal contracts is extensive, having served in financial management and contract analysis for over 10 years. She is
familiar with Defense Contract Audit Agency (DCAA) and Federal Acquisition Regulation (FAR) requirements and has participated in DCAA and GSA audits.
Alex Nicoll, Chief Technology Officer, Evermedia Biometrics Corporation
Alex joined Evermedia Biometrics as CTO in April 2009 contributing an impressive technical fluency relating to several areas of engineering and information technology. He will oversee the company’s research efforts as well as the development of ID management and security applications. He previously held positions as the Associate Director of Technology for the Nebraska University Consortium for Information Assurance, and Senior Systems Engineer for BAE Systems, Inc. He has lectured on subjects such as vulnerability analysis, secure systems architecture, risk management and computer network defense. Alex graduated with a Bachelor of Science and a Master of Science degrees in Computer Science and Electrical Engineering from Purdue University.
Francisco Ceballos, Chief Operating Officer (Emeritus), Evermedia Biometrics Corporation
Fran graduated from the University of Alcala with Bachelor of Science degree in Computer Science (Algorithms) and Java2 Certification. He also received a Certificate in Internet Security from the University of Salamanca. Prior to his beginning his career in Information Technology, he play professional soccer for Real Madrid’s minor league team. Fran’s background is in software analysis, quality control engineering, information systems and data conversion engineering.
Robert Grannatt, Operations Manager, The Evermedia Group, Inc.
Operations Manager to The Evermedia Group, Inc. and its subsidiary companies, Bob’s primary responsibilities include managing human resources requirements, developing strategic communications and maintaining investor relations. Additionally, he manages the daily administration and operations of the company. Bob is a graduate of Hamilton College where he received his Bachelor of Arts degree in Economics before pursing post graduate studies at the New England School of Law.
LEGAL REPRESENTATION
Geoffrey T. Chalmers, Securities Counsel
Mr. Chalmers received his Bachelors of Arts degree from Harvard College and received his law degree from Columbia University as well as an MBA from New York University. He began his law career as an Associate with Cravath, Swaine and Moore, LLP in New York City and has worked for the U.S. Securities and Exchange Commission as well as several other financial organizations. He has been in private practice for over 10 years, counseling several private and
public companies throughout the United States. In addition to his legal work, he is a nationally recognized artist and painter.
Blake J. Godbout, Corporate Counsel
Mr. Godbout received his Bachelors of Arts degree from Boston College and received his law degree from Suffolk University. He has been practicing law for over 25 years.
Robert Tendler, Patent Counsel
ACCOUNTING REPRESENTATION
Matthew P. Manis, CPA, Audit Partner, M&K CPAS, PLLC
Matt is a licensed certified public accountant with approximately fifteen years of public accounting experience as well as approximately nine years of experience in senior executive roles in the private sector. Matt began his career at KPMG in Houston, Texas. Matt joined M&K CPAS, PLLC on October 2, 2007. Matt is a graduate of the University of Houston.
SYSTEMS TECHNOLOGY SOLUTIONS, INC.
STS has a vast arsenal of capabilities in providing services directly to the US Government or large defense contractors particularly in the areas of security, engineering and logistics, where the majority of our work has been performed. STS has never had an unsatisfactory report from any client and continues to build an attractive list of clients representing the largest segments of the Federal Government. We currently win 75% of bids submitted as know our capabilities and expectations from contract providers. Principals maintain Secret/Top Secret clearances as much of the work is deemed classified or on military installations.
STS represents and leads our defense contracting division. This division has seen a steady growth in revenue over the years giving the Company stable and predictable income streams from long term defense services related contracts. Though still in its early stages, STS has managed to be a part of large Federal awards as a contracted provider of engineering, logistics and security services. To highlight an example of STS’s achievements, the Department of State’s announcement to award the Global Support Strategy contract to our prime, Stanley Associates, is currently our largest client. This $2.8B ceiling, 10 year contract represents the single largest contract to STS since inception. STS will provide as a subcontractor all security related services that are mandated by the Department of State for its embassies and consulates in over 140 countries. We expect that our prime will receive approximately 50% of the total value of the contract and we further expect to obtain approximately 9% of our prime’s work. This
monetizes our annualize revenues to be approximately $12.6M per year, over the expected life of the contract.
The stable revenues expected from this contract vehicle gives Evermedia Group’s shareholders and management a high degree of confidence as we continue to build upon our successes. Since all Federal contracts are awarded to a specific lot of providers, there is no threat of competition once a contract has been won.
Task orders (TO) drive work and work drives revenues. Given our specialty within the this contract, we expect our first major TO to begin when US embassies and consulates in countries such as Brazil, India and China begin their facility upgrades. For additional information and awards information, please visit www.fedbizopps.gov or www.stscorporation. net
EVERMEDIA BIOMETRICS CORPORATION
Because iris recognition is widely accepted as the most accurate method of quick biometric identification1 available, iris recognition is rapidly gaining attention from government entities throughout the world expecting to incorporate this technology as an essential component of security. As iris recognition demonstrates its efficacy in personal identification management, logical and physical access control, a greater demand for multimodal biometric applications is also expected.
Currently the industry is fragmented and in its infancy. If the last five years is any indication of the the future, biometrics, particularly in iris recognition technology, will one day replace archaic ID authentication platforms such as PIN and Passwords for banking, mobile connectivity, transportation, population and access control. Governments such as India, Great Britain and the US are looking towards this technology for applications to replace passports, drivers licenses, national ID cards and to guard against illegal immigration. Militaries of all countries are seeking solutions to identify enemy combatants from remote access points. Financial institutions are looking for ways to thwart billions of dollars in identity theft that occur every year. Biometrics of all kinds is looking to provide these solutions.
While biometrics, generally referring to the technologies used to evaluate human physical characteristics2 to determine identity) has been the emerging technology during the past decade3, commercial development of iris recognition systems, lag behind other biometric technologies, despite offering its accuracy.
1 Iris Scans' Leader Looks Secure. Business Week Online. July 5, 2005
According to Acuity Market Intelligence, a research consulting firm based in Millburn, New Jersey, that focuses on biometric technology, with the public’s acceptance of biometrics in daily life, the sales of biometrics will jump to $10.9 billion in 2017 from $3.6 billion last year. Iris technology is forecast to have a 19 percent share of the global biometrics market in 2017, up from 8 percent in 2009, with revenue rising to $2.l billion from $206.3 million. The market share for the leading biometric --automated fingerprint identification systems --will drop to 27 percent from 39 percent, the company said.
There has been a significant increase in the number of capture devices in the market. Most are prototypes with proprietary back end data bases that store the biometric data. However, what is surprising is the how quickly this sector has advanced from a technology perspective. Even just a few years ago, companies had to develop their own hardware, lens and algorithms. Today much of the hardware can be purchased off the shelf creating some difficulties for companies and opportunities for others. The market is literally proliferated with many proprietary operating systems (OS) and all claiming similar output and again not addressing the issues of storage, transmission and security.
Interoperability is now the new priority along with storage, transmission and security. Much of the investment in time and money from 2006 has been in hardware and many of our competitors have not advanced in uniqueness as most of the applications in the market today are identical. Most of the iris leaders are having to recapitalize, are no longer in business or continue to work towards selling their proprietary applications to a very limited, non governmental market.
Evermedia Biometrics has begun to develop and map the back end, the back bone, the communications infrastructure as well as a front end device. The end to end capture of data and to have the capability to secure its transmission and storage will be the new paradigm within the security space. The company that provides this solution will be the de facto market leader.
Evermedia today has the human capabilities and partners to design, produce and manage a high assurance encrypted network with a front end operator interface using our proprietary and patented technologies. Moreover, we are uniquely positioned with US Government distribution channels as well as research support from leading universities and organizations involved in biometrics. We believe that we can establish a significant footprint in the biometric space as it stands today.
OUR VISION
There are over 6.9 billion people in the world and over 5 billion have mobile/smart phones. That means that 7 out of 10 people on the planet have access to mobile and wireless communications. In time, everyone will have a device and willingly carry a piece of hardware with them as a daily part of their lives. Eventually, everyone will have a device because it will
be an essential part of their lives as people will depend on their devices for much more than phone calls and looking up directions. These mobile devices will be their wallet, passport, credit cards, drivers license and even their cash. Years ago, American Express had a popular slogan for their credit card, “Don’t leave home without it”. In less than a generation from now, we will be saying the same thing but referring to our smart phones.
Biometrics, in all of its forms, represent a paradigm shift in the way we live our lives. It will affect that way we travel, how we gain access to our homes and offices, how we pay for goods and services and even how check our emails. What was science fiction yesterday is becoming reality today.
Mobility will create new mandates, new procedures and policies, even laws that will make biometrics a part of our daily lives like cell phones and personal computers have done today. Can you imagine not having either today?
It’s inevitable that soon everyone will have a biometric “footprint”. Our goal at Evermedia is to provide innovative, cost effective and secure solutions to meet the challenges of this growing industry with applications meant for tomorrow’s use, not today’s. As technology and cultural adoption continue to advance, it is our aim to be the leading developer of anticipated technologies in the biometric space.
We already envision the overarching need of an interoperable infrastructure, understand that much of the innovation will be initiated by governments, that commercial success will depend on secure mobile applications and that ownership of intellectual property to protect our technology is critical. To this end, we have garnered some of the brightest scientists, created partnerships with leading centers of science and technology in academia and the private sector, have the support and benefit from political leaders, and have created a chain of distribution throughout the US Federal agencies. These relationships are our greatest asset and the core that will assist us in building the dominant company in biometrics.
BIOMETRICS MARKET
• According to Acuity Market Intelligence; • By 2014, 87% of all Passports issued will be ePassports with global volume of over 130M each year representing 105 countries. • By 2014, 87% of all Visas issued will be eVisas with a global volume of over 60M annually by 60 eVisa issuing countries. • Biometrics industry revenue to grow to nearly $11B by 2017.
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