Sequiam Biometrics, Inc. Introduces BioTot(TM) (Biometric Authenticated Tot Dispensing Unit) - A Unique Biometric Innovation
Posted on: Tuesday, 22 November 2005, 09:00 CST
ORLANDO, Fla., Nov. 22 /PRNewswire-FirstCall/ -- Sequiam Corporation (BULLETIN BOARD: SQUM) , through its wholly-owned subsidiary Sequiam Biometrics, Inc. (http://www.sequiambiometrics.com/), a premier provider of biometric technology and services, announced today the release of its latest product offering, BioTot(TM), a biometrically authenticated system for use in the food and beverage industry to prevent fraud and shrinkage when dispensing tots ("shots") of liquor. The Company said that annual revenue for the BioTot software solution is initially estimated at approximately $600,000.
George Saunders of E-TOT Manufacturing and Marketing said, "We want to take this opportunity to thank the staff of Sequiam Biometrics in Cape Town for the fine work in developing the software and hardware for our patented dispensing system. It is extremely compact and cost-effective and we feel confident this very unique product will be well received within the On-Consumption-Hospitality industry as it will interface with many Point of Sale (POS) systems currently in use."
Restaurants and bars using the E-TOT system have secure dispensers attached to each bottle of liquor. Bar staff can only dispense tots after biometric authentication. Tots dispensed are debited to the accounts of staff members for end-of-shift reconciliation. Transactions are then uploaded to the office for reporting purposes. The system pushes video marketing material from the office to the BioTot(TM) units for automated display on the BioTot LCD panel. Bar management can determine at any given point in time the stock levels, turnover and shrinkage of the liquor inventory.
Shane Griffin, Managing Director of Sequiam Biometrics, South Africa said, "We are excited about this project, for a very unique product in the food and beverage industry. We already have received tremendous responses from the market. This new E-TOT dispensing unit is compact, robust, and cost- effective. In addition to internal control of the inventory in bars and restaurants, liquor companies can receive inventory information on a daily basis which can be immediately interpreted into marketing information and demographic statistics."
About Sequiam
Headquartered in Orlando, Florida, Sequiam Corporation develops, markets, and supports a portfolio of proprietary security, biometric, Internet and secure enterprise-class software and hardware products that enable users to access, secure, acquire, manage, personalize, and present information. Sequiam provides application service provider ("ASP") hosting of its Internet-enabled security solutions, as well as consulting, application integration and software development services. In addition to its administrative offices, Sequiam operates a secure hosting facility located in downtown Orlando, FL which provides processing, document, mail, archival, and Internet delivery of information as an outsourced service. Additional satellite offices are located in Washington DC, Atlanta, Miami, Beijing, Brussels and Cape Town.
SAFE HARBOR STATEMENT - FORWARD LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact: Michael Mason (investors) Nick VandenBrekel, CEO Allen & Caron Inc Sequiam Corporation 212 691 8087 407 541 0773 michaelm@allencaron.com investor@sequiam.com Brian Kennedy http://www.sequiam.com/ brian@allencaron.com
Sequiam Biometrics, Inc.
CONTACT: investors, Michael Mason, michaelm@allencaron.com, or BrianKennedy, brian@allencaron.com, both of Allen & Caron Inc, +1-212-691-8087; orNick VandenBrekel, CEO of Sequiam Corporation, +1-407-541-0773,investor@sequiam.com
Web site: http://www.sequiam.com/
Web site: http://www.sequiambiometrics.com/
Source: PRNewswire-FirstCall
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