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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. to Launch eCommerce Site to Fulfill Online Orders for Finger Activated Consumer Lifestyle Products
JERICHO, N.Y., Nov. 13 /PRNewswire-FirstCall/ -- bioMETRX, Inc. (OTC Bulletin Board: BMRX - News) announced today that it is launching its internet marketplace offering its smartTOUCH brand of finger activated consumer products including it's garage door opener, thermostat and portable files drive.
"The Company has received over 1000 online direct consumer orders for the smartTOUCH GDO, a wireless finger activated garage door switch that allows children as young as 5 to come and go without a key. The product was first featured on HGTV in January 2006, and has since caught the interest of the big box retailers," noted Lorraine Yarde, Chief Operating Officer for bioMETRX. The Company's product will also be featured on The Discovery Channel's reality show "It Takes a Thief" that is expected to air in January 2007. The Company expects to book its initial direct sales revenues this quarter.
"We have had so much positive consumer response for our product that we decided to accelerate our plans to open an online marketplace six months ahead of schedule," noted Ms. Yarde. This is in addition to the company's retail orders. bioMETRX is utilizing Google's infrastructure in developing a commercial site that seamlessly integrates with bioMETRX's customer relations infrastructure. Installation and instructional video is available online, as well as direct customer interaction with the Company's smartCARE personnel.
A recent independent research report on the Company stated, "The bioMETRX targeted market is very large. According to the 2000 US Census, there are 55.2 million single family homes on less than ten acres in the US. bioMETRX management estimates that close to 30 million households have garage door openers and approximately 10 million have electronic thermostats. With an achieved sales price of approximately $100 for the smartTOUCH(TM) Garage Door Opener, the market for the Company's smartTOUCH(TM) Garage Door Opener could be as large as $3 billion in the United States. The market for the Company's smartSTAT(TM) thermostat control device with an achieved price of $160 could be a large as $1.6 billion. As noted, the Company has received over $3.5 million in retail orders for the smartTOUCH(TM) Garage Door Opener. -- Oceana Partners, LLC, Patricia Giberson, Lead Analyst.
Anyone interested in receiving alerts regarding bioMETRX, Inc. research should email giberson@oceanapartners.com with "BMRX" in the subject line.
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. 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' 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' 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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