"controlled access will be necessary to ivy.com in the development of the first virtual shopping mall that will allow people around the world to visit the club online via streaming video. as the online visitors will be charged a fee for a special event virtual visit, a fingerprint based authentication system will offer conveinence,and maybe more importantly it will be able to verify the adult status of the person ordering services and products offered by ivy.com."
First no deal closed with Ivy and Euto.
Second, who told you this is the plan?
Did Brad state this?
Now for people around the world to have a fingerprint based authentication system to use this virtual shopping mall would be a feat in itself. First everyone that wanted to access this would have to be willing to first get this fingerprint system and be willing to use it. Can't see that happening for Eutro, lets just say it's not their area of expertise. Or Touch would have to have a kiosk that is accessable to nearly everyone around the world. Please let me know where I can find 10 of these Kiosks that Touch has produced and are accessable. Or who are they now contracted with and have placed these kiosks with.
There is also nothing to show that they have any rights at all to any technology that Sense has.
"it is not uncommon among technology developers like sense to have relationships that include licensing and marketing arrangements, technology sharing partnerships and possibly accepting investment funds."
Like I stated Eutro has not even closed this deal with Ivy and there is nothing to show that Ivy has any rites at all to any of the technology.
from the p.r. release of Thursday July 1...
"Sense announced in March of this year, they had begun production of the CheckPoint T/A (time and attendance) biometric enhanced authentication system.In essence, the CheckPoint T/A System uses fingerprint imaging to authenticate employees and their hours at work... Sense also is involved in other fingerprint based authentication systems for banking and finance, food preparation, gaming, hotel, insurance, manufacturing, restaurant, retail and travel industries...Ivy plans to incorporate these various systems in their future endeavors for security measures as well as convenience."
Makes sense, Ivy becomes a distributor so they can get a discount and sales with a system that they can use in their own business once they figure out just what business they are in. That sure looks like how they can incorporate these various systems in their future endeavors.
But for a real question, since the assets that Ivy needs to have for this deal with Eutro need to be in accordance with GAAP then who is the firm that will do the audit to verify any of this and when is this expected to be done. There must be some time already set if this is to close this month.
Anything else at this point looks like pure speculation.
Good luck |
