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Sequiam Deploys BioClinic(TM) to Stellenbosch University in South Africa
Biometrics Will Assist Researchers in Gathering Accurate Diagnostic Research Data on Tuberculosis
ORLANDO, Fla., Sept. 15 /PRNewswire-FirstCall/ -- Sequiam Corporation (OTC Bulletin Board: SQUM) announced today that its wholly-owned subsidiary Constellation Biometrics Corporation (www.constellationbiometrics.com), a premier provider of biometric technology and services, has delivered its BioClinic(TM) biometric clinical diagnostic management support system to the Stellenbosch University in South Africa (http://www.sun.ac.za/index.asp). BioClinic(TM) is designed to ensure that patients are correctly identified and correlated with their laboratory test samples.
The Stellenbosch University Department of Medical Biochemistry has initiated a project using BioClinic in a clinic in Lawaaikamp near George in the Southern Cape Region of South Africa. The aim is to use 'real time application of molecular epidemiology tools' to improve the management of tuberculosis patients. This will provide laboratory test results, which comprise a more comprehensive and more accurate sample analysis than routine laboratory procedures with a faster turn-around time. In addition, samples and data will be collected for research purposes. To facilitate the identification of all clinic visitors, including the tuberculosis patient, everyone entering the premises will have their fingerprints biometrically recorded using technology and software designed by Constellation Biometrics.
Gian van der Spuy, Department of Medical Biochemistry, University Stellenbosch said: 'We are excited about the prospect of using BioClinic in an innovative way to enhance our work. This will help with the correct identification of patients, the correlation of patients with their samples and together with molecular investigations will provide information regarding the possible nosocomial transmission of tuberculosis at the clinic. Data is stored in a MySQL database backend, which is synchronized daily with the main database at the University. The project is headed by Professor T. Victor.'
Shane Griffin, Managing Director of Constellation Biometrics South Africa said: 'This is a wonderful and exciting project, as it is a first in South Africa where biometrics is used to assist researchers in gathering accurate diagnostic research aimed at tuberculosis. Moreover the same concept would be rolled out to the rest of the country after the initial project concludes. The success of this project could have enormous positive consequences in the diagnostic collection of data and its accuracy.'
About Stellenbosch University
Stellenbosch University is an internationally recognized university with 150 departments in 10 faculties and more than 40 research (and other) institutions. A century-long tradition of quality teaching and research has ensured Stellenbosch University's place among the finest of academic institutions.
About Constellation Biometrics Corporation
Founded in 1999 Constellation Biometrics Corporation, headquartered in Orlando, FL with offices in Cape Town, develops and markets security, biometric and secure enterprise-class solutions with both biometric software and hardware products. Constellation provides solutions that are compatible with almost every kind of recognized finger print scanner and also maintains its own branded line of scanners.
Sequiam Biometrics, Inc. Signs Exclusive Distribution Agreement for Its New Biometric Home Healthcare Tracking System, BioCareTrack(TM)
ORLANDO, Fla., Sept. 13 /PRNewswire-FirstCall/ -- Sequiam Corporation (OTC Bulletin Board: SQUM), through its wholly owned subsidiary Sequiam Biometrics, Inc. (www.sequiambiometrics.com), a premier provider of biometric technology and services, announced today that it signed an exclusive distribution agreement with Kelimo Incorporated for Sequiam BioCareTrack(TM), Sequiam's new biometric healthcare tracking system. The Company said that it estimates initial annual revenue of approximately $1.5 million.
Sequiam BioCareTrack(TM) was specifically developed for the home healthcare market and allows providers to verify health care visits, track treatments and eliminate fraud. According to the National Association of Home Health Care, there are over 7.6 million Americans requiring home healthcare in 2005. This is a large market and growing larger each day as the baby boomer generation grows older.
Sequiam Biometrics distribution partner Dick Morgan of Kelimo, Inc. states: 'Estimates of healthcare fraud exceed $12.1 billion per year. Sequiam's BioCareTrack is the first product I have seen that can truly help defeat fraud in the home healthcare market.'
Kevin Henderson, President of Sequiam Biometrics, said, 'We are very proud of the new BioCareTrack system and the assistance we will be able to provide insurance companies and healthcare providers in their fight against healthcare fraud. We are also very pleased with our association with Kelimo and their distribution network.'
Sequiam Biometrics, Inc. Delivers Its Multilanguage BioTime Secure Biometric Access Control Software to Distribution Network
ORLANDO, Fla., Sept. 6 /PRNewswire-FirstCall/ -- Sequiam Corporation (OTC 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 delivery of its updated Sequiam BioTime(TM) access control, time and attendance software (http://www.constellationbiometrics.com/biotime.asp) to distribution channels in the United States, Canada and Mexico. The Company said that it estimates initial annual revenue of approximately $1 million, and that sales are expected to ramp rapidly through the remainder of the year.
Currently, BioTime has hundreds of successful installations in businesses all around the world to enhance security and combat payroll fraud. The current version of BioTime can be used in facilities with up to 1,700 employees saving companies up to 35 percent in accounting costs per year because it eliminates the need for tedious calculation and verification of payroll records and prevents 'buddy punching' (which the US Census says causes the average business an 11% annual loss of income). BioTime also makes business more secure, insuring that employees (and others) are where they are authorized to conduct business.
Sequiam Biometrics distribution partner Nat Sprague of BioMetAccess said, 'We are pleased to carry the new Sequiam BioTime software and have discovered numerous sales and marketing avenues in both the United States and Latin America for biometric access control and time and attendance. This is the product we have been waiting for as it supports most of our popular lines of biometric access hardware. BioTime is updated with new versions as they become available, thus protecting our clientele from obsolescence. After extensive testing of competing products, we have determined that the Sequiam solution is extremely user-friendly, and among the best on the market.' Sprague continued, 'The new pre-licensing system allows us to distribute the software directly and easily keeps track of copies that have been installed at the end-user level. This gives us a great level of confidence in end user penetration through our dealer network.'
Kevin Henderson, President of Sequiam Biometrics, said, 'We are very fortunate to have such a dedicated distribution network for our biometric security applications. We are committed to the continued deployment of improved software to fill the particular need for secure and easy to use biometrically enabled applications. All of our partners are enthusiastic about the products we have in the pipeline for this rapidly growing market.'
The software is designed to support numerous biometric technologies including Sagem, Hectrix, Axim, Suprema, Digital Persona and others for full compatibility in a wide variety of biometric applications. In addition, a new distributor/dealer friendly licensing system was simultaneously released making distribution of the application trouble free for Sequiam partners and distributors.
About BioMetAccess Company, LLC
BiometAccess (BMI) (http://www.biometaccess.com) is an international distribution company with offices in Iowa, Missouri, and Puerto Rico. BMI employs expertise and craftsmen in the areas of software, electronics, electrical, and construction, providing sales, service and installation of biometric hardware and software. They have a dealer network that spans across the United States and Latin America.
Sequiam Corporation Acquires Constellation Biometrics Corporation and Announces New President
Blue Chip Customer Base
ORLANDO, Fla., June 9 /PRNewswire-FirstCall/ -- Sequiam Corporation (OTC Bulletin Board: SQUM), announced today that it has acquired Orlando-based Constellation Biometrics Corporation, a biometric hardware and software solutions company that serves both corporations and governmental agencies, with a customer list including Pitney Bowes, Banque Artesia, Ford UK, Siemens Business Systems, Standard Bank, Coca Cola Canners of South Africa, Royal Shell and Metropolitan Life with custom-written software solutions to create and integrate biometric technology.
Sequiam Corporation issued a total of 1,635,514 shares of its common stock to Constellation shareholders in exchange for all of the issued and outstanding shares of Constellation, which will now operate as a wholly-owned subsidiary of Sequiam Corporation, and will be known as Sequiam Biometrics. The shareholders of Constellation on June 7, 2005 unanimously approved the transaction, made effective as of May 31, 2005.
Sequiam Corporation also announced that Kevin Henderson, President of Constellation Biometrics Corporation has been appointed President of Sequiam Biometrics. Mr. Henderson was formerly the President of Houston-based Bioidentix, Inc and has appeared as guest host on the syndicated radio show 'CPU' for NBC Radio.
Nick VandenBrekel, CEO of Sequiam Corporation said, 'Kevin is an accomplished IT executive with very strong credentials in the biometrics industry. He has developed numerous biometric, smart card and software products over the course of his career. I have every confidence that Kevin will help guide Sequiam Biometrics towards its goal of becoming the premier biometric development corporation in the United States.'
Sequiam Closes $3.45 Million Private Placement
ORLANDO, Fla., May 20 /PRNewswire-FirstCall/ -- Sequiam Corporation (OTC Bulletin Board: SQUM), announced today that certain insiders have invested $3,450,000 in the Company in the form of a debt transaction. The Company will use $1.35 million to pay down existing debt owed by the Company, and will use $1.0 million to pay off a note with Laurus Master Fund, Ltd. The remaining $1.1 million will be used by the Company for working capital. The Company also issued to the investors a warrant to purchase up to 6,000,000 shares of the Company's common stock at prices ranging from $0.20 to $0.30 per share. The secured note has a term of two years and is not convertible into equity. Interest will be payable monthly in arrears starting on November 10, 2005, and on the first day of each consecutive calendar month thereafter. Monthly principal payments will commence on May 10, 2006, at the rate of $75,000 per month.
The Company also issued 5.5 million shares and a warrant to Laurus exercisable into 1,500,000 shares of the Company's common stock at an exercise price of $0.23 per share in complete liquidation of its obligation to Laurus.
The transaction closed May 19, 2005.
About Sequiam
Founded in 1999 and headquartered in Orlando, Florida, Sequiam Corporation develops, markets, and supports a portfolio of proprietary security, biometric, Internet and secure document 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 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, Park City, Atlanta, Miami, Beijing, Brussels and Amsterdam.
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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 (media)
brian@allencaron.com
SOURCE Sequiam Corporation
