CLEVELAND, Dec. 7, 2006 (PRIME NEWSWIRE) -- Henrik Rubinstein, President and Bob Kendall, Chairman and Treasurer of Sentex Sensing Technology, Inc. (OTCBB:SNTX) (http://www.sentextech.com) stated today that they signed a Financing Agreement with Euro Partner Capital BV.
This Agreement states that Sentex Sensing Technologies would participate in a 10 million Euro offering to be organized 1st quarter 2007. Under the agreement Euro Partners will offer by prospectus for accredited investors investing in Global Positioning with GHLT:PK, Biometric Technology with SNTX:OB and several telecom entities. Of the "firm commitment" generated funds, Sentex will receive some 1.5 million dollars for the discounted shares of SNTX. The average selling price EP will buy from SNTX will be in excess of $0.10 cents a share. Euro partners may participate further. The contact was organized by Balmoral Financial Services of Ohio. The offering will be available by Christmas in Dutch and English only in the European Union. It is not available in the United States.
About Sentex Sensing Technology, Inc.
Sentex Sensing Technology, Inc. is one of the leading multimodal-biometric technology companies. Sentex provides fingerprint, facial, iris and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. The Company's offerings include access control, computer based internet authentification, biometric smart cards and services for biometric data capture, mobile POS systems, and backend standards-based modules and software components for biometric matching and data mining. Sentex products are used to conduct background checks, secured travel and commerce via secure identification documents, prevent identity fraud in large-scale government and civil ID programs, and control access to secure areas and networks.
About Balmoral Financial Services Companies
In operation since 1986, Balmoral (http://www.balmoralfinancial.com), an Ohio corporation, is a niche financial services company that specializes in identifying merger candidates and placing these transactions with American companies. Balmoral provides private entrepreneurs and public companies M&A, Bank Guarantees, Documentary Credit, International Promissory Notes, and PIPE financing services.
About Euro Partner Capital BV
Euro Partner Capital BV's (www.europartner.nu) head office in Holland sells discounted securities under EU law to accredited investors under a prospectus in Dutch. Euro Partners USA Inc. is its USA Subsidiary.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sentex, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.