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Newsroom - Clients - BMRX
The following news and investment research items reflect some of the recent business activity for selected clients of Empire Relations Group, Inc. Additional information for investment research can be found in the featured clients section. News and investment research are for informational purposes only.
bioMETRX, Inc.
bioMETRX, Inc. Secures Credit Lines That Will Facilitate Manufacturing Company's Products
JERICHO, N.Y., June 26 /PRNewswire-FirstCall/ -- bioMETRX Inc., (OTC Bulletin Board: BMRX - News) announced today that it has secured credit lines totaling more than $1 million dollars with component suppliers Arrow Electronics, Analog Devices Incorporated, Yebo, IMG and Digi-Key. These credit lines have been established to enable the company to secure necessary long lead-time electronic components used in its family of biometrically-activated products.
The Company received purchase orders for its smartTOUCH(TM) Garage Door Opener from retail giant The Home Depot as well as several hundred more online orders. The credit lines will assist the Company in meeting increased manufacturing quotas caused by the growing demand for its products from retailers and consumers. The smartTOUCH(TM) Garage Door Opener was first featured on HGTV's prime time program "I Want That" originally airing in January. "We are extremely pleased to be able to provide this very promising company with the necessary credit lines required to create and bring such innovative products to market," noted Rob Thomasino, a representative of Arrow Electronics. "Arrow's expertise in component procurement and delivery, as well as its competitive pricing, is a valuable resource for our company," stated Lorraine Yarde, Chief Operating Officer at bioMETRX, Inc.
"Arrow Electronics supplies approximately 60% of the components that we use to build our products," commented Ms. Yarde, "Arrow has been working with our engineers and our manufacturer to develop a concise list of materials as well as a procurement timeline that fits into the company's schedule of deliverables. Arrow is truly a wonderful company to work with."
bioMETRX Inc. is a Jericho, New York-based research, development and marketing company that utilizes state-of-the-art finger activated technology to create innovative, stand-alone security and electronics products for consumers. The company is focused on providing simpler, more secure and convenient products to protect consumers' property and their families.
About bioMETRX, Inc.
bioMETRX, Inc. through its wholly owned subsidiaries, designs, develops and markets biometrics-based products to the consumer, health information, medical devices and small business markets under the common brand name -- smartTOUCH(TM).; bioMETRX Technologies, Inc. which was acquired in May, 2005 designs and engineers biometrics-based products for the home security, consumer electronics, medical products and patient medical information markets; smartTOUCH Consumer Products, Inc. tests and markets the company's biometrically secured garage door openers, thermostats, deadbolts and home alarm keypads and, smartTOUCH Medical, Inc., designs, tests and markets biometrically secured medical crash carts, rolling medicine carts, portable patient medical information devices and, security and retrieval systems for electronic medical records. bioMETRX, Inc.'s entire product line is branded under the trade name "smartTOUCH(TM)." For more information on bioMETRX and/or the company's smartTOUCH line of products including the Garage Door Opener, visit the Company website at http://www.biometrx.net
Safe Harbor Statement: Forward-looking statements in this release with respect to bioMETRX' business, financial condition and results of operations, as well as matters of timing and the prospective terms of the transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
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About bioMETRX, Inc.
bioMETRX, Inc. is focused on the design, development and engineering of biometrics products for consumers. The company's first product, the smartTOUCHª Garage Door Opener received its first order of 22,000 units from a major U.S. retailer.
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