BM Technologies Inc (BMTX) Quote

JERICHO, NY--(MARKET WIRE)--Feb 28, 2006 -- bioMETRX, Inc (OTC BB:BMTX.OB - News) announced it is launching smartSTAT™, the world's first biometrics-based thermostat in time for Labor Day. The smartSTAT™ Thermostat requires users to place their finger on a sensor before they can alter the temperature settings of the thermostat. If the person's finger is not recognized by the thermostat, they can't change the settings. With recent energy costs soaring, and the prices of heating oil and natural gas both hitting an all time high, the smartSTAT™ Thermostat reduces energy costs by restricting access to HVAC systems by unauthorized users.
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"The patent pending smartSTAT™ Thermostat has been in development for several months and we are very excited about the immediate energy cost savings that this product can create," noted Lorraine Yarde, President of smartTOUCH Consumer Products, Inc., a wholly owned subsidiary of bioMETRX, Inc.

Ms. Yarde continued, "The genesis of this product started with simple observations of thermostats that have been installed in public areas, such as restaurants, shopping malls, and airports, and we noticed that those thermostats were secured by big, ugly clear plastic boxes, most of which were ripped off the walls. We noticed patrons getting up from their tables and actually changing the settings on the thermostats. We also watched employees trying to manipulate thermostats through vent slots on those plastic boxes with paperclips and hangers. Finally, our CEO's 15-year-old son kept changing the temperature settings on his floor of the home in the middle of the night. I think that's the time he decided to put our finger activation technology into a thermostat."

The smartSTAT™ Thermostat is a fully programmable, Energy Star efficient thermostat designed with common programmable features found in other popular thermostats. However, the most unique programmable feature of the smartSTAT™ is that up to 15 users can be authorized to alter temperature settings in a particular environment by simply placing their finger on the device. Should that person no longer require access, you simply delete their fingerprint access. The smartSTAT(TM) is expected to list for $189.95 and should be available through major retailers and through our smartTOUCH™ Certified Dealer Network by Labor Day.

Mark Basile, Chief Executive Officer of bioMETRX, Inc. also commented, "Last month, bioMETRX's first product, the smartTOUCH Garage Door Opener was featured on HGTV's 'I Want That' national television show. Since then, we have received orders exceeding 23,000 units. Today, we are announcing a product that not only simplifies a way to secure a thermostat, but saves consumers and small businesses money. There is a real monetary benefit directly attributable to this product."

UH OH weekly failing, wont be confirmed till end of week though

Edit box, daily chart support failed.

Anyways, .28 spread LOL

NEWS:JERICHO, N.Y., Feb 02, 2006 /PRNewswire-FirstCall via COMTEX/ -- bioMETRX, Inc. (OTC Bulletin Board: BMTX) announced today that its wholly-owned subsidiary, smartTOUCH Consumer Products, Inc., is launching programs for select, pre- qualified dealers, to sell and install the highly acclaimed patent-pending, smartTOUCH(TM) garage door opener. The Company is providing cost effective options for thousands of dealers across the country, many having expressed interest in carrying the product. smartTOUCH expects as it increases its sale channels, it will allow its products to reach a larger audience. The company expects to realize additional revenues from product and warranty sales in addition to annual membership fees collected from the programs.

The smartTOUCH(TM) Garage Door Opener has received extensive coverage from both national and regional media sources and was most recently featured on HGTV's prime time program "I Want That". bioMETRX Inc. is a Jericho, New York- based research, development, engineering and marketing company that utilizes state-of-the-art finger activated technology to create innovative, stand-alone security and electronics products for consumers. The company is focused on providing simpler, more secure and convenient products to protect consumers' property and their families.

The smartTOUCH(TM) Authorized Dealer Program will begin in March 2006 and interested parties will be expected to "smartTOUCH Certify(TM)" at least one of their installers to qualify for consideration. smartTOUCH offers three membership levels and charges an annual membership fee along with monthly service charges. smartTOUCH offers various dealer discounts, volume rebate incentives and other benefits to their authorized dealer members.

"Our goal is to provide a program that will benefit all involved" commented Lorraine Yarde, President of smartTOUCH Consumer Products, Inc, one of bioMETRX's wholly owned subsidiaries. "We aim to offer value to the homeowner as well as the dealer member and as a result accelerate the growth of our company and the smartTOUCH brand" added Ms. Yarde

"Ever since the product launched in August 2005, we have been inundated with calls and requests from retailers, distributors and consumers" stated Mark Basile, CEO of bioMETRX, Inc. "We have already established a relationship with a trusted, national retailer, who will be offering our finger activated garage door opener for Father's Day 2006. However, we could not ignore the demand from the dealer community and are happy to be able to structure and offer programs to satisfy their needs".

bioMETRX will introduce additional smartTOUCH(TM) consumer electronics products, throughout 2006, that will incorporate the power of biometric technology in simple and convenient way. "We plan on making all future products available through multiple channels including retailers, dealers and distributors as well as directly to the consumer" stated Ms. Yarde.

About bioMETRX, Inc.

opening with a big spread and alittle buying pressure.

Looks interesting, I grabbed some at 1.06 today.