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Lucky Picks of The Day: (OTCBB:SMME)- (OTCBB:AUXO)- (OTCBB:NXWI)
(M2 PressWIRE Via Acquire Media NewsEdge) Rochester NY -- www.shamrockstocks.com names (OTCBB:SMME) SmartMetric, Inc., (OTCBB:AUXO) AUXILIO, Inc., and (OTCBB:NXWI) Nexaira Wireless, Inc. it's "Lucky Picks of the Day!
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About SmartMetric, Inc.
SmartMetric, Inc. has developed a portable biometric identity and transaction card capable of storing a wide variety of personal information while protecting you against identity theft and fraud. It is one of the most advanced portable identity authentication solutions in the world today. The card contains a biometric fingerprint scanner and reader which only you can unlock and is smaller and thinner than a credit card. The SmartMetric card is ideal for a wide range of consumers, including Personal, Government and Corporate.
For more information please visit us at www.smartmetric.com
News Today:
BAY HARBOR, FL, Aug 26, 2010 -- SmartMetric, Inc. (OTCBB: SMME) announced today that its fingerprint activated Biometric Data Card can be now used to provide the highest level of both security and portability for a person's medical history and full medical records.
Colin Hendrick, President and CEO, stated, "Once again our research and development team has pioneered another exciting breakthrough in our Biometric Data Card. We believe that nothing like this exists anywhere in the world today. We are currently in negotiations with several worldwide corporate entities regarding the rollout and commercialization of our breakthrough products. We will be updating our shareholders as soon as possible on the status of these talks, as well as our previously announced legal actions against Visa and MasterCard."
Unlike other portable solutions, the SmartMetric Data Card can store Gigabytes of medical information including full EKGs, complete CT and MRI digital images, and similar data making up an individual person's complete medical records. Storage of digital images, in particular, requires significant digital storage capacities. Unlike other systems that are severely limited in the amount of digital data that can be held in a portable solution, the SmartMetric Data Card is in fact a powerful digital computer with significant memory capacity sitting inside a Data Card the size of a standard Health Insurance Card. Most importantly, the SmartMetric solution provides the highest level of portable security for the patients information in that it can only be accessed after the patient touches the surface sensor on the Health Card triggering the Card to scan the persons fingerprint and matching it with their fingerprint pre-stored inside the card. Only after a finger print verification internally in the card is the data able to be accessed or viewed by a Doctor, Hospital or even an EMT's computer.
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About AUXILIO, Inc.
AUXILIO is the nation's pioneer and leading Managed Print Services (MPS) company for the health care industry, working exclusively with hospitals, hospital systems and associated clinical and administrative facilities. We are vendor independent and provide intelligent solutions, a risk free program and guaranteed savings. AUXILIO assumes all costs related to print business environments through customized, streamlined and seamless integration of services at predictable fixed rates. We work in partnership to assist our customers in the delivery of quality patient care. The service and solutions provided by our on-site Centers of Excellence professional print strategy consultants deliver unparalleled customer service across the industry. For more information about AUXILIO, visit www.AUXILIOinc.com.
News Today:
MISSION VIEJO, Calif., Aug 26, 2010 -- AUXILIO, Inc. (OTCBB: AUXO), the nation's pioneer and leading Managed Print Services (MPS) company for the health care industry, today released a strategic progress review of the past 12 months, and its business model and outlook.
Beginning with new Company leadership one year ago, a reinvigorated AUXILIO focused on aligning its offering, technology, sales and marketing strategy to meet the evolving needs of the health care industry and has signed five contracts worth an estimated $25 million to $30 million. The contracts include three long-term renewal agreements and two new long-term agreements, including a multi-year contract with one of the most prestigious hospital systems in the world.
Today, with a reinforced management team, and a growing portfolio of customers and case studies attesting to the compelling economics of its services model, the Company anticipates an acceleration of new business and revenue growth ahead.
Accelerating New Business and Revenue
The following summarizes Company contracts signed in the past twelve months. They are listed in descending chronological order by date.
-- Johns Hopkins Health System (JHHS) in Baltimore, Maryland, announced July 2010. This new customer agreement is for five years, and was developed through the Company's marketing alliance with Sodexo.
-- Palisades Medical Center in North Bergen, New Jersey (an affiliate member of the New York-Presbyterian Healthcare System), announced January 2010. This new customer agreement is for three years, and was developed through the Company's marketing alliance with Sodexo.
-- St. Joseph Hospital in Orange, California, announced May 2010. St. Joseph Hospital, Orange has been an AUXILIO customer since 2005 and this agreement extended the relationship for five years.
-- Huntington Memorial Hospital in Pasadena, California, announced September 2009. Huntington Memorial Hospital has been an AUXILIO customer since April 2004 and this agreement extended the relationship for another three years.
-- Saint Alphonsus Regional Medical Center (SARMC) in Boise, Idaho, announced August 2009. SARMC has been an AUXILIO customer since 2007 and this agreement extended the relationship for another five years.
AUXILIO Business Model
The health care industry is a complex compilation of document intensive entities with fragmented print infrastructures. Topping the list of patient care facilities that will routinely create millions of documents per month are hospitals that historically have decentralized print cost centers. Most health care administrators are uncertain as to the total volume of documents being produced in their facilities, or exactly how much is spent, and how many various print related vendors they pay over the course of a year. AUXILIO is the only nationwide health care exclusive MPS company that delivers customized print strategies and solutions through its proprietary systems, designs and technology. The Company places its own MPS experts to be full time, on-site in the hospital in order to centralize and rationalize the health care facility's print infrastructure and services.
As part of its new business development strategy, AUXILIO offers target hospitals a detailed assessment of their print infrastructure and services, including copy, print, fax and scan, and evaluates the opportunity to transform their print environment, generate savings of up to 30 percent and maximize productivity. There is no charge to the prospective customer for this assessment, which is comprehensive and can take several weeks.
Once AUXILIO determines it can provide substantial savings on print services costs, the Company commits to provide that health care facility a customized and systemic print architecture and suite of services at a guaranteed lower price.
Upon engagement, AUXILIO uses proprietary technology, tools and techniques to implement an enterprise-wide sustainability print program that optimizes workflow process efficiencies and workforce productivity. The Company also provides leadership and expertise to support the health care industry's shift from paper files to electronic records management and its patient information protection compliance requirements for device and data security. It also provides robust customer training and technical support through its on-site staff of MPS experts.
Additionally, the Company masterminds the systemic fleet deployment infrastructure of a customer's print-related processing equipment, such as copy machines, printers, scanners and faxes, to maximize workflow efficiency and workforce productivity. This includes negotiating equipment leases and sourcing equipment as needed. AUXILIO is distinguished by its position in the marketplace as vendor neutral, which enables it to work with the widest range of print-related equipment vendors to ensure optimal solutions and savings.
AUXILIO Financial Model
The Company's sole compensation from its customers results from its agreed upon, fixed rate per document fee. Its customers incur no upfront costs before engaging AUXILIO, which is the basis for the Company's 'risk-free' services offering.
Within a few months, AUXILIO is able to reduce a customer's per document costs to the point where the engagement becomes profitable for the Company. Additionally, AUXILIO may share a portion of savings generated from the customer's reduction in total print volume.
Initially, AUXILIO assumes the customer's higher legacy cost of creating a document and works to quickly reduce it to below the per document price it receives, so that the engagement soon becomes and stays profitable over the life of the agreement, which is typically three to five years. AUXILIO has a 100 percent customer retention rate. Because the exact number of documents a health care facility will produce cannot be forecast precisely and new equipment needs are unknown at the onset of the agreement, the projected revenue for the Company's contracts are estimated and expressed as a range.
CEO Commentary
"I re-joined AUXILIO in August 2009, one year ago," said Joseph J. Flynn, chief executive officer of AUXILIO. "I am proud to report that AUXILIO has reached an inflection point. Our business is now solidly established and our business development efforts are growing and increasingly productive.
"AUXILIO's upgraded MPS capability is state-of-the-art, supported by the MPS professionals we place on-site, full time with our customers. Our sales and marketing capability is focused, and new federal mandates for electronic records management and data security compliance that require the health care industry to revisit their health information technology resources, creates a vast sales opportunity within the nation's over 5,700 hospitals. We estimate our U.S. health care exclusive MPS total addressable market at $22 billion.
"Our vendor neutral position on print-related hardware and software enables AUXILIO to draw upon all of the top vendors for this vital MPS component. Our marketing alliance with Sodexo, one of the world's largest providers of a broad range of outsourced services such as food, environmental, and facilities management to over 1,500 hospitals nationwide, is proving to be increasingly productive for both companies as we progress through the sales cycle.
"We have firmly established a compelling value proposition for our customers, and have documented recent, real-life case studies now available on our website. We are seeing strong marketplace acceptance and a record pipeline of requests from health care facilities for assessments.
"Going forward, our success with respected hospitals and administrative service facilities such as the Johns Hopkins Health System is driving new demand for our services. Our business scales well as we add and train people along with new contracts. We are capitalizing on our growing track record and leveraging our marketing alliance with Sodexo. As a result, AUXILIO believes its business has reached an inflection point and anticipates that its increasing flow of new business will accelerate this fall and into 2011."
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About Nexaira Wireless
Nexaira's routing solutions are simple to install yet provide the advanced management and business class features demanded by the most sophisticated users. Nexaira's wireless devices are ideal for high availability applications acting as the primary router for wireless, DSL, landline or cable networks or can be used to provide complete device and network redundancy in wide area network-failover/ fail back applications. For further information on how Nexaira is uniquely positioned to bridge the gap between wireline to wireless services and provide assurance that business operations continue during wireline network service interruptions, visit our website at www.nexaira.com.
News Today
SAN DIEGO, Aug 26, 2010 -- Nexaira Wireless Inc. ("Nexaira") (OTCBB: NXWI) announces that it completed a private placement for total gross proceeds of US$400,000. Nexaira issued to Gemini Master Fund, Ltd. ("Gemini") a convertible note (the "Note") in the face amount of US$400,000 and a three-year warrant.
The Note bears interest at the rate of 10% per annum and has a maturity date of July 31, 2011. Nexaira's subsidiaries have guaranteed repayment of the Note. The Note entitles Gemini to convert, any time after February 20, 2011 until maturity, all or any part of the outstanding principal, plus accrued but unpaid interest thereon, into shares of common stock of our company at a conversion price equal to the lesser of (i) $0.50 and (ii) 80% of the average of the three lowest daily VWAPs (as defined in the Note) during the twenty (20) consecutive trading days immediately preceding the applicable conversion date (the "VWAP Price"). If the VWAP Price is less than the floor price of $0.40, then Nexaira has the option to pay in cash an amount equal to the market price multiplied by the difference between the number of shares that it would have had to issue at the price below the floor price less the number of shares actually issued at the floor price.
The warrant entitles Gemini to purchase 333,333 shares of common stock of Nexaira at an exercise price of $0.50 per share (subject to adjustment) until August 20, 2013.
The securities offered will not be registered under the United States Securities Act of 1933 (the "Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act.
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