NEW YORK, July 22, 2006 (PRIMEZONE) -- Sentex Sensing Technologies Inc. (OTCBB:SENS) (http://www.sentextech.com), and Security IT Vision, Inc. (http://www.secitv.com) of Roseville, California have agreed today for an exclusive long-term distribution agreement and implementation of existing Security IT Vision, Inc. products. A final version of the contract was signed on the 19th of July. The agreement allows for Sentex to market exclusive technology in the biometric and security product arena based on Fingerprint Identification, Face Recognition and Voice Recognition technology. The high tech electronic scan of biometric features as well as the related products became a major opportunity worldwide after 9/11. Consequently, the market for such biometric security devices expanded rapidly after this act of terrorism.
Sentex will now move into this rapidly growing (40% per year) technology market with state of the art proven systems and software. Both companies are committed to create a significant number of jobs in the U.S. (Sentex is in negotiations with several state governments for the plant location). Our goal is to become the leading player in the international security arena for the below mentioned product lines:
1. Physical Access Control 2. Airport Security 3. National ID Cards 4. Loyalty Cards 5. Internet Authentication 6. Network HW Independent ID 7. Intranet HW Independent ID 8. Single Sign On 9. POS Terminals 10. One-Stop Shop HW Solutions
Our new Web site will be coming soon to describe the products and the business in detail.
Through the efforts of Balmoral Financial Services (http://www.balmoralfinancial.com) Sentex Sensing Technologies has reached this final Agreement.
A Board Resolution and a majority vote of shareholders have given the approval to move toward final closing, which will now be sent to the SEC for observation and comments, and to all approximately 1,200 shareholders as an informational statement. Final approval should be within the next several weeks.
This is a major strategic relationship, and all parties expect additional funding to be consummated because of it.
As part of this agreement, Henrik Rubinstein will be appointed to top management and the Board of Directors. "The high tech nature of this entrepreneur and his know-how is our opportunity for long term success," said Bob Kendall, Chairman of Sentex Sensing Technologies. "We are excited about the new direction for the company."
About Sentex Sensing Technologies Inc.
Sentex Sensing Technology, Inc. (http://www.sentextech.com) is a corporation duly organized in 1980 in the state of New Jersey. It originally designed, manufactured and marketed sensor technology equipment, and subsequently computer equipment.
About Security IT Vision, Inc.
Security IT Vision, Inc., an Oregon corporation (http://www.secitv.com), is the head U.S. Company of Astro Datensysteme AG (http://www.astro.de) which is a major international accredited biometrics technology provider. Astro was the first company in the market, which brought biometrics security to a commercial success. SECITV has partners and clients on the Fortune 100 listing.
About Balmoral Financial Services
Balmoral (http://www.balmoralfinancial.com) is a niche financial services company, which has been in operation since 1986. Balmoral provides private entrepreneurs and public companies M & A, Bank Guarantees, Documentary Credit, International Promissory Notes, and PIPE financing. Balmoral works in 20 countries with five satellite offices with financial institutions in emerging markets like eastern Europe and the former Soviet Union (FSU), and places these transactions with American companies.
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that 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 the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.