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

HMRC stats reflect changing regulatory dynamics of UK Gambling

first_imgShare Camelot aims for ‘Big September’ supporting a high street recovery August 26, 2020 Submit Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Share StumbleUpon Related Articles HM Revenue and Customs (HMRC) has published its national statistics update on duties generated by the industry’s seven different tax verticals – Bingo Duty, Gaming Duty, General Betting Duty (GBD), Lottery Duty, Machine Games Duty (MGD), Pool Betting Duty (PBD) and Remote Gaming Duty (RGD).Reporting betting & gaming tax statistics for the six month period of April-to-September 2019, HMRC reports a provisional 0.5% increase in ‘industry receipts’ to £1.46 billion against 2018 comparatives.A breakdown of tax duties collected by vertical highlights the changing regulatory dynamics between UK incumbents and the government, as the sector adjusts to a higher 21% (previous 15%) tax rate on Remote Gaming Duty (RGD) enforced on online casino disciplines.Tracking against its 2018/19 financial year comparatives, HMRC details that RGD has increased by 26% to £330 million, with the department underlining that growth could be ‘potentially linked to the increased 21% rate’ triggered on 1 April 2019.On a current basis, RGD increases see online casino taxes become the HMRC’s second-highest tax-generating vertical. It contributed a provisional 23% of industry of receipts, surpassing Machine Betting (MGD – 18%) & General Betting (GBD – 19%) share of gambling-related duties.The growth and significance of remote casino duties are further underlined as HMRC have only tracked and recorded RGD as a unique industry vertical since April 2015.RGD’s year-to-date growth is set against an anticipated 24% decrease in MGD provisional receipts to £270 million (2018: £358 million), likely to be attributed to the government’s enforced FOBTs £2 stake cut – also triggered on 1 April 2019.Competing against ‘record year’ 2018/2019 financial comparatives featuring FIFA Russia 2018 metrics (total GBD £620 million), HMRC anticipates an anticipated11% decrease in betting duties to £274 million.UK lottery duties are tracking at £471 million, contributing to 32% of industry receipts, with HMRC detailing that it’s provisional total’ for September 2019 recorded £91 million – the second-highest generating month since it began monitoring UK lottery activities in November 1994.Further November regulatory updates saw the UK Gambling Commission (UKGC) remind licensed incumbents of their responsibilities in providing transparent reporting of contributions attached to the funding of research gambling harm prevention and treatment, as part of the Commission’s 2020 regulatory agenda. UKGC launches fourth National Lottery licence competition August 28, 2020last_img read more