TheBullZone Presents:
Security Biometrics, Inc.
(OTC/BB: SBTI)
1030 West Georgia Street, Suite 1410
Vancouver BC
V6E 2Y3
Canada
Phone: (604) 609-7749
Fax: (604) 609-7715
Toll free: 1 (866) 522-3888
Company Web Site: www.sigbio.com
Current Price: $1.90 x $2.05
52 Week Range: $1.75 - $5.41
Company mission:
"To make security applications for banking and financial transactions
simple, natural, and effective."
The past four decades have seen an astonishing and unprecedented revolution in electronic technology. As a result, people now interact with computers on a daily basis, both at work and in their personal lives.
· Simultaneously, the number of transaction applications has expanded to match the growth in the Internet and electronic commerce.
· During the past two decades, with the increase in computing power, miniaturization, and communications technology, losses through fraud to the banking and financial transaction industries have been mounting to staggering proportions fostered by this corollary revolution in information technology.
· Despite the rise in electronic transactions, little has been done to bring the user security interface up to par with the current state of biometric technologies.
This provides Security Biometrics (SBTI) with an exceptional opportunity. The company's mission, "To make security applications for banking and financial transactions simple, natural, and effective" addresses precisely the present gap in security technology.
SBTI 3-Month Chart
finance.yahoo.com
Company History
Security Biometrics, Inc. (SBI) is a publicly traded technology marketing and distribution company with headquarters in Vancouver, British Columbia (Canada).
The Company was originally incorporated in the State of Nevada in 1999 under the name of Great Bear Resources, Inc. On July 21, 2000 Great Bear Investments, Inc. approved a forward share split on a "one old share for four new shares" basis. This applied to all shareholders of record dated August 28, 2000.
On August 2, 2000 Biometrics Security, Inc. became a 100% wholly owned subsidiary of Great Bear Investments, Inc. Nine days later the company's name was changed from Great Bear Investments to Security Biometrics. The company was also issued a new trading symbol: "SBTI".
A Key Provider of Biometric Technologies
Security Biometrics, Inc. was specifically created to manage intellectual property, develop, market under license, and distribute dynamic biometric technologies for the security applications of banking and financial transactions.
These include, but are not limited to:
· Dynamic Gesture Recognition Technology (GRT);
· Dynamic Signature Verification (DSV); and
· Voice Recognition (VR).
Security Biometrics is positioning itself as a key provider of biometric security interfaces that will offer a wide array of "end-to-end" solutions targeted towards the specific multi-trillion dollar banking and financial transaction market segments. The company is seeking to improve and expand the availability of passive and dynamic biometric security systems to be placed under license for marketing and distribution to the banking and financial transaction system.
The first option to license signed by SBI is DSI Datotech Systems Inc.'s Gesture Recognition Technology. This technology forms the core delivery platform for the execution of SBI's business model, around which Security Biometrics will build its Intellectual Property (IP) management portfolio.
The portfolio will include elements to support applications that will drive demand and acceptance of GRT in the banking and financial transactions market. Once DSI's GRT application portfolio is fully interoperable, platform providers for the banking and financial transactions market will be able to utilize DSI's GRT-enabled products as part of their security and interface solutions.
Strategies for Future Growth
In addition to its ongoing market development operations, Security Biometrics is also carefully developing the corporate infrastructure for future growth. This operational base will permit subsequent expansion to other geographical regions as future markets and economies may indicate. These activities are being guided by a highly qualified management team that provides a mixture of substantial experience in key functional areas of banking, administration, finance, technology transfer and market development.
The primary objectives of bringing the GRT and related dynamic biometric technologies to the banking and financial transactions market consist of:
· Accumulating the required critical mass;
· Projecting market leadership into horizontal markets of banking and financial transactions; and
· Fostering open standard development.
SBI will be focusing on three strategic banking and financial market segments where SBI intends to be the "first to market." This includes initially developing and marketing under license DSI's biometric enabled for security DatoPad for:
· Power users of professional banking and financial transaction software;
· Biometric enabled GRT integrated ATMs; and
· Biometric enabled GRT integrated POS systems.
Recent Company News
sigbio.com
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