delSECUR to purchase the intellectual property assets of the corporation

first_imgdelSECUR CORPORATION, a Nevada Corporation based in South Burlington, Vermont (Pink Sheets: DLSC) announced today that its Board of Directors has accepted, subject to the approval of the majority of the shareholders entitled to vote, an agreement to purchase the Intellectual Property Assets of delSECUR CORPORATION. The consideration for such purchase will be in the form of a 49% interest in the shares of common stock of Q Tech Systems, Inc., an Ontario, Canada Corporation.The primary asset to be acquired by Q Tech is the del-ID technology, a patented device and system of authenticating individuals through biometric means invented by Pierre de Lanauze, the former President & CEO of delSECUR. Q Tech, which also develops and markets technologies to enhance security and identification processes, plans to incorporate the del-ID technology with its proprietary technology. “Q Tech will be immediately focusing on the invention of Pierre de Lanauze’s analog technology and believes it can make this combined technology commercially viable and bring it to the marketplace,” said Randall McCormick, delSECUR’s current CEO.Mr. McCormick further stated, “We believe this is a great opportunity for the advancement of the del-ID technology and puts our business plan and mission statement immediately into action without further delay.It is time to bring the del-Id technology to the next level and to test its capabilities. With this new alliance we are much closer to that goal.”delSECUR, a public company (Pink Sheets: DLSC) with its head office in S. Burlington, VT., is a technology development company of a unique authentication process based on abstract images of biological data collected from the fingers of living persons.This Press Release may contain forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and other similar statements. Statements that are not historical facts, including statements relating to anticipated future earnings, margins, and other operating results, future growth, construction plans and anticipated capacities, production schedules and entry into expanded markets are forward-looking statements. Such forward-looking statements, based upon the current beliefs and expectations of our management, are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements and are subject to the risks normally associated with the completions of a corporate transaction. The information set forth herein should be read in light of such risks. We assume no obligation to update the information contained in this press release, except as required under applicable law. SOUTH BURLINGTON, Vt., Aug. 4, 2009 /PRNewswire-FirstCall/ —last_img read more

‘Can Cummings Save Liberia?’ asks Forbes Magazine

first_imgCummings: “I’m entering Liberian politics with clean hands, without political scores to settle, free from any corruption charges or allegations…”-I’m entering Liberian politics with clean hands, without political scores to settle, free from any corruption charges or allegationsAlternative National Congress (ANC) standard bearer Alexander Cummings has clarified reports that he has been out of the country for most of his adult life and noted that despite his travels abroad and working for international companies, “I’ve always returned to Liberia, where I managed a series of philanthropic efforts.”In a FORBES Magazine interview, asking if Cummings can save Liberia, Mr. Cummings said he had always planned on living full time in Liberia after his retirement from Coca-Cola and his decision to run for president came a few years ago when he was discussing with his family and friends the best way he could contribute to Liberia.“We discussed the challenges facing Liberia, primarily the high level of youth unemployment and underemployment, which I have said is a national security risk. However, with proper investments in things like vocational and technical training, the youth can be transformed into a national asset,” he said.“Liberia has come a long way in the last 12 years. It has been safe and peaceful over that period of time. Indeed, Liberia has never been as free as it has been over the last decade. On the economic front, however, Liberia still faces many challenges that will only get worse if we continue down the same path.”He said the upcoming elections are vital and will be the first peaceful transition of power from one democratically elected government to another in nearly 75 years. “It is an opportunity for Liberia to cement its democratic progress. We hope a transition from the Unity Party to the Alternative National Congress will also establish Liberia’s ability to transition from one party to another, peacefully, as we’ve seen in Ghana, Nigeria and elsewhere.”Cummings said what sets him apart from the other 19 candidates is that “They are all legacy politicians, current and former senators, and government officials. The Vice President has been in his office for 12 years and was in government for many years before that, with few (if any) accomplishments to which he can point. Senator Weah has been in office since 2014 and hasn’t proposed or sponsored any legislation.“As a presidential candidate in 2005 and vice-presidential candidate in 2011, Mr. Weah hasn’t so much as set up a football academy in Liberia. The other candidates have all been involved in Liberian politics for many years and have had an opportunity to change Liberia. Unfortunately, they have failed. I’m entering Liberian politics with clean hands, without political scores to settle, free from any corruption charges or allegations, and having largely funded my campaign out-of-pocket, free from campaign debts and the patronage system. I have the business experience and know how to jumpstart the Liberian economy. I know how to create jobs and I have managed budgets many times the size of Liberia’s national budget. My sole purpose in running is to bring my experience to transform Liberia.”He said the Alternative National Congress has a clear agenda for Liberia. “In relation to what the government of President Sirleaf has done, we can do more to jumpstart and grow the economy, to create jobs for our young people, combat corruption, cut down on government waste and address the dire infrastructure deficit in the areas of roads, water, and power and internet connectivity.“The Sirleaf administration has done a great deal for Liberia in keeping the peace for the past 12 years, establishing strong democratic institutions, freedom of speech, etc. We will reduce the salaries and allowances of senior government officials, use those savings to increase the pay of our civil servants, strengthen the capacity and independence of our anti-corruption institutions, privatize infrastructure development, simplify the tax code and expand the tax base, with the goal of increasing the government budget from around US$600M today to around US$2B at the end of my first term.”Cummings said the Liberian economy has faced significant challenges in recent years, including the Ebola outbreak and the drop in commodity prices, but if elected, his administration will immediately tackle waste and corruption in government and redeploy those resources into more productive areas.“We need to approach job creation from a short term and long term perspective. The needs are immediate, so right away we begin putting young Liberians to work in their communities by providing credit to small businesses where private capital isn’t available, and making strategic investments in agriculture and infrastructure to unlock the full potential of the Liberian agriculture sector, which is our largest employer. We can also begin making investments in teacher training, vocational and adult education that will pay dividends in the long term and empower our unemployed, underemployed or unemployable citizens to take advantage of (or create their own) economic opportunities down the road.”Cummings said some of the wages and allowances for senior government officials and legislators have gotten completely out of control and the allowances for ministers vary by position, but some ministers get US$15,000 a month in salary and allowances. “My administration would cut that salary and allowance in half, and double the pay of a teacher making it US$100 a month. We need to reduce our spending at the top and increase the salaries of teachers, nurses, police officers, and other civil servants. Also, all 69 ANC legislative aspirants have signed a pledge to reduce their salary and wages by 50 percent, as that decision would obviously require legislative action.”He said his administration will reduce the size of “our bureaucracy and automate some of our government systems, including payroll, so we can operate more efficiently and transparently. We need to strengthen the capacity and independence of our integrity institutions, including the Liberia Anti-Corruption Commission (LACC), the General Auditing Commission (GAC), Public Procurement and Concessions Commission (PPCC), and the Internal Auditing Agency (IAA). President Sirleaf has also proposed to establish a special court to fast track corruption cases, which is an idea I support.”Forbes is an American business magazine headquartered in Jersey City, New Jersey. Published bi-weekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

POLITICAL GIANT BERNARD MCGLINCHEY LAID TO REST – PICTURE SPECIAL

first_imgA large attendance said a final farewell to one of Donegal’s best known political figures of modern times today.Bernard McGlinchey received a fitting send-off as a packed St Eunan’s Cathedral remembered a gifted public representative and businessman. Among those who turned up to show their respects was Maire Geoghan-Quinn, Pat The Cope Gallagher, Ray McSharry and Mary Coughlan.People form across the various political parties in Donegal paid their respects to the late Senator who died at his home in the Blue Banks, Kilmacrennan on Thursday evening.The late Mr McGlinchey’s coffin was draped in a tri-colour while many mourners wore tri-coloured armbands.  POLITICAL GIANT BERNARD MCGLINCHEY LAID TO REST – PICTURE SPECIAL was last modified: April 14th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Bernard McGlincheyfunerallast_img read more