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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. Receives $400,000 in New Purchase Orders for The smartTOUCH(TM) Garage Door Opener
JERICHO, N.Y., Aug. 8 /PRNewswire-FirstCall/ -- bioMETRX, Inc. (OTC Bulletin Board: BMRX - News), a leading developer and supplier of consumer biometric products, today announced that it has received new purchase orders for its smartTOUCH(TM) Garage Door Opener totaling $400,000 from a global partner. The innovative garage door opener, sold as the Master Lock® smartTOUCH(TM) GDO, is a universal wireless finger activated garage door switch that can be used by consumers of all ages to open and close residential garage doors without keys or PIN codes.
The new orders, combined with existing orders as well as ongoing contractual commitments by retailers now bring the total value of orders and commitments to approximately $3,600,000, which the Company anticipates to realize over the next two quarters. bioMETRX also expects to continue receiving a steady flow of orders as products become readily available over the next several weeks.
"We are extremely excited that our first retail product has been received so enthusiastically by such dominant forces within our target industries," remarked Lorraine Yarde, Chief Operating Officer for bioMETRX, Inc. "The smartTOUCH(TM) name is quickly becoming the recognized brand for biometrics- based consumer products, a market that has previously been untapped. The potential for expansion into vertical markets is growing with every purchase order that we receive and we are proud to be providing this unique technology to consumers," Ms. Yarde went on to say.
The Master Lock® smartTOUCH(TM) GDO works with all automatic garage door openers from Liftmaster, Craftsman, Genie, Marantec, Wayne-Dalton, Stanley and many others; and unlike the limitations of other devices, the Master Lock smartTOUCH(TM) GDO can be programmed with up to 20 individual users so children, grandparents, and day workers will never need to remember or accidentally divulge a PIN code.
About bioMETRX, Inc.
bioMETRX, Inc. designs, develops and markets biometrics-based products for the consumer market under the common brand name -- smartTOUCH(TM) ; bioMETRX Technologies, Inc. designs and engineers biometrics-based products for the home security and consumer electronics markets; smartTOUCH Consumer Products, Inc. tests and markets the company's biometrically secured products
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: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any 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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