STS Evermedia Corporation - a Biometrics Technology and Government Services Company Commences Trading
Market Wire, April, 2007
STS Evermedia Corporation (PINKSHEETS: STSM) announced today that it has commenced trading as a public company.
STS Evermedia Corporation (PINKSHEETS: STSM) is comprised of two divisions: Evermedia Biometrics, which develops and manufactures biometric applications and Systems Technology Solutions, Inc. ("STS"), which provides Information Technology, Security, Logistics and Engineering services to U.S. government agencies. Each of these divisions operates independently within STS Evermedia Corporation.
Evermedia Biometrics
Evermedia Biometrics develops and manufactures proprietary iris recognition systems. It holds exclusive worldwide rights to iris recognition technology, including 4 issued patents, and 6 pending patents. It also has exclusive worldwide manufacturing and distribution rights for this technology.
Iris scanning is considered the most accurate identification tool today. The iris consists of over 400 distinguishing characteristics. This contrasts with the 40-50 distinguishing characteristics of fingerprint technology. Iris scanning is even more accurate than DNA analysis.
The biometrics industry in 2005 generated $1.53 billion in and is expected to grow to more than $5.74 billion in annual revenue by 2010, according to industry market research firm International Biometrics Group (IBG). Industry analysts estimate that the iris recognition market will grow from $81 million in 2004 to over $518 million in 2009, making it one of biometrics' fastest-growing areas.
Information on Evermedia's EMB-I400 Iris Scanning Unit can be found on the company's web site. ( www.stsevermedia.com )
System Technology Solutions, Inc. ("STS")
STS is a GSA-approved vendor with a management team that has a long history of providing security design and engineering services to the US government. STS' primary focus is technical security systems design, engineering, installation and documentation. STS is a primary contracting source to sell and deliver Evermedia Biometrics iris recognition technology to U.S. government agencies
STS also provides Information Technology services to government agencies. These services include program management and information systems planning as well as analysis, design, development, testing, and implementation.
STS provides security services to U.S. Government agencies. STS' management team has provided technical security engineering and installation services for the Department of State. These services involve both inside and outside plant requirements.
According to Datamonitor PLC, Government spending on security-related IT products is expected to reach $56.5 billion by 2009. STS is well positioned to take advantage of this tremendous opportunity.
STS' current clients and subcontracting relationships include: BearingPoint, Prime Measurement Products LLC, CACI International, and MTC Technologies.
Additionally, STS currently provides services to the following government agencies: U.S. Department of Defense, U.S. Air Force, U.S. Navy (Seaport-e Prime Contractor), U.S. Marine Corps., U.S. Army, and Air National Guard.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
CONTACT: STS Evermedia Investor Relations 617-955-0302 www.stsevermedia.com
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