HOLLYWOOD, FL / ACCESSWIRE / November 12, 2015 / Aluf Holdings, Inc. (AHIX) today announced that it has reached a Joint Venture Agreement with Vanderbilt Bonds. Vanderbilt Bonds will provide up to $5 million USD in financing to acquire the Biometric IP assets which will be transferred into its new operating entity, Aluf Biometrics, Inc.
This joint venture agreement will enable Aluf Holdings to rapidly and aggressively expand its footprint in the Biometric space. Teresa McWilliams, CEO of Aluf Holdings stated, "This Joint Venture with Vanderbilt comes at an exciting time for the company. This financing is key to finalizing the Biometric acquisition and will allow us to become a major player in the Biometric industry."
Market research company 6Wresearch recently released a new report on the biometrics market and believe that the global market will reach a value of $21.9 billion by 2020.
About Vanderbilt Bonds:
Vanderbilt Bonds employs a closed end fund strategy that caters to high net worth/accredited investors and institutional clients. Approximately 80% of sales come from banks, pension funds, trust funds and mutual funds. Hedge funds have the advantage of making money in any type of economy by keeping their operating costs static while enjoying unlimited revenue in an up or down market. Vanderbilt Bonds will return 9% by investing in corporate bonds and sovereign debt along with a call/put strategy.
About Aluf Holdings:
Aluf Holdings, Inc. (AHIX) is a holding company headquartered in Hollywood, FL, engaged in acquiring, operating and managing subsidiary companies in the development and sale of proprietary software. The goal of AHIX is to strategically acquire profitable businesses with strong growth potential and a solid business plan in the software and technology industries. For information, visit www.alufinc.com.
Safe Harbor Statement:
This release may contain "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and of Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of Aluf Holdings, Inc. 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. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully in its market segment, and the ability to complete some or all of the before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
Aluf Holdings, Inc.
Teresa McWilliams, CEO
Investor Relations Contact:
High Point Communication, Inc.