Aluf Holdings, Inc. Announces Private Placement Financing of $4M to Execute Strategic Acquisitions

Aluf Holdings, Inc. (OTC:AHIX) recently announced that it intends to offer private placement financing of up to $4,000,000 in order to complete a major acquisition in the Biometric Space.

Growth of biometric technologies has been in response to global security threats. Terrorist attacks, airport security initiatives, and attempts to lower crime rates have brought an increasing investment in biometric security systems.

The biometrics market poised for exponential growth with estimates that reach $23.54 billion by 2020 and near term expansion of approximately 22.9% between now and the year 2020.

Reuters reported the cost of cyber-crime alone is an estimated $388 billion to $1 trillion. Many of these attacks are due to vulnerability exploits in authentication software, and web-based authentication networks. Hyper-positive human identification services and products represent our top priority in both the private and public sectors.

Aluf Holdings is poised to capture aggressive market share through strategic acquisitions such as the intended 100% acquisition of a premier biometric technologies company with current annual revenues in excess of $10MM.

Robust capitalization will allow AHIX to complete these planned acquisitions and engage a $40 million+ sales pipeline over the next three years.

The Target Acquisition IP portfolios show an impressive 45 years of innovative advancements with technologies and software systems currently in use by local, state and federal law enforcement agencies and internal court systems nationwide.

With Clients like the California Department of Justice, California Department of Motor Vehicles, and the Chicago Police Department, they have a strong foothold in the industry.

ROI will be driven by development of an expanding $40,000,000 sales pipeline growing the Company’s technology services footprint into new markets and increasing customers, with the technology and software services markets are opportunity rich, particularly in the areas of biometrics security, defense, and the “Internet of Things”. 

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Why it Matters

 
  • High Margin Business

The company is software focused and does not require the capital expense of a hardware manufacturing operation and can quickly adapt to new devices and technologies as they emerge.

  • Consistent Financial Performance

The Company has maintained a profitability average of 11.3% over a five year period beginning in 2012. Their products and services position us to grow aggressively over the next four years at a rate of 21.0% for the period 2018 to 2022.

  • Focused Revenue Mix

The Company to rebrand their customer service identity, managing a growing portfolio of Technical Maintenance Contracts. Over 75% of their Customer Markets are contracted services provided to state and local governments.

  • Strategic Geographic Sales Positioning

The Company currently services 95% of the Western US, providing standard, and bespoke software and technology solutions across its Systems Sales, Facilities Management, and Vehicle Installation revenue mix categories.

  • A Strong Foothold in the Industry

The target company has been providing capture software that is device independent for 10 years for military and law enforcement applications.

  • Rapidly Growing Industry

Initiatives taken by the governments across the world to adopt biometrics systems for the purpose of identification and authentication, introduction of e- passports, use of biometrics in criminal identification are some of the drivers that are fueling growth of the biometrics system market.

  • Massive Vertical Markets

The company’s authentication technologies and products will be marketed across industries to both consumers and institutions. Current key vertical markets include Defense, and poised for Financial Services, Health Care, Manufacturing, Legal and Criminal Justice. Use of biometrics in e-commerce and cloud computing solutions for biometrics are the key opportunity areas for the market.

  • Growing State Government Market

Pressured to reduce costs due to tight budgets, more states are outsourcing computer functions and data processing. States are taking a harder look at IT contracts and legacy systems after complaints about costs, quality, and usability. The company is positioned for modernizing mainframe applications as they have been working with agencies to migrate mainframe applications to open systems.

Aluf Holdings, Inc. announces that it intends to complete a self-offering private placement financing.

November 02, 2018 (ACCESSWIRE via COMTEX) -- HOLLYWOOD, FL / ACCESSWIRE / November 2, 2018 / Aluf Holdings, Inc. ("AHIX") ("the Company") (otc pink:AHIX) announces that it intends to complete a self-offering private placement financing of units of the Company (the ''Units'') at a price of $0.0025 per Unit for gross proceeds of up to $4,000,000 (the ''Offering'').

Each Unit shall consist of one common share of the Company (a ''Common Share'') and one common share purchase warrant (each whole warrant, a ''Warrant''). Each Warrant entitles the holder to acquire one Common Share of the Company at $0.005 for a period of 12 months from the date of issuance.

The Company may pay a finder's fee in connection with the private placement within the amount permitted by law. Certain directors, officers and insiders of the Company will participate in the Private Placement. The Offering will be undertaken pursuant to Regulation D, Rule 506(c).

The Company intends to use the net proceeds from the Private Placement to provide partial funding for its planned biometric acquisitions and for general corporate purposes. The private placement is expected to close on or about April 30, 2019.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 
On behalf of the Board of Directors of the Company and for further information, please contact: Teresa McWilliams, Chief Financial Officer, at This email address is being protected from spambots. You need JavaScript enabled to view it..
 
To view the website, please visit www.alufinc.com. In addition to featuring information regarding the Company and its management, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

About Aluf Holdings, Inc.:

Aluf Holdings, Inc. is a holding company whose primary focus is the identification, acquisition, management, and aggressive growth of companies in the burgeoning biometrics vertical.

AHIX's merger and acquisition model targets unique biometrics enterprises with key common attributes and parameters. These include stellar management, a broad proprietary product and service offering, dedicated research and development, robust margins, high-growth potential, economies of scale, and low barriers to rapid, efficient integration of operations, especially sales, marketing, and customer service. As it expands, AHIX's overall portfolio of products and services will include secure, scalable, digital cyber security solutions for hyper-positive human identification, access management, feasibility studies, customized communications and automation analysis, bespoke software development, and other advanced technologies for facial, voice, fingerprint, finger vein, retinal scan, and recurrent still frame and video comparison verification.

Safe Harbor Statement:

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

Corporate Contacts:

Aluf Holdings, Inc.

Glenn W. Milligan, President & CEO

Teresa McWilliams, CFO

866-793-1110

SOURCE: Aluf Holdings, Inc.

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Letter to Shareholders from Newly-Appointed Chief Executive Officer (CEO), Glenn W. Milligan

Letter to Shareholders from Newly-Appointed Chief Executive Officer (CEO), Glenn W. Milligan

HOLLYWOOD, FL / ACCESSWIRE / March 5, 2018 / Aluf Holdings, Inc. (OTC PINK: AHIX)

Dear Shareholders,

During the initial weeks of my tenure as Chief Executive Officer (CEO) of Aluf Holdings, Inc. ("AHIX"), I have worked closely with Teresa McWilliams and staff to gain a solid grasp on the current status of the company, the challenges that lie ahead, and the most efficient, near-term strategies for realization of our very substantial goals. I would like to address our aggressive plans for moving the company forward throughout this coming year.

First, Shareholders should expect a high level of communication from management on the full spectrum of company activities, such as mergers and acquisitions, product development, capital raises, and strategic business engagements. Through regular press releases and corporate memorandums, generated in concert with our investor relations personnel, AHIX is committed to maximizing both the level of transparency and flow of information to our shareholders. As you are aware, public companies are not permitted to freely disclose certain financial data and other material information. However, within those established regulatory parameters, we intend to be as transparent as possible.

With our concentrated focus on the burgeoning biometrics sector, AHIX is finalizing and preparing for near-term launches of several exciting business initiatives. We are confident these new endeavors will reflect positively on our financials and serve as the foundation for AHIX's longer-term goal of becoming an industry leader through continuing acquisitions, increasing market share, building our brand, and expansion of our service footprint into carefully researched international markets with low-cost, high-return sales, marketing alliance opportunities, and rapid brand awareness. Without compromise, all growth strategies and viable acquisitions going forward will be embraced with the sole intention of strengthening AHIX's bottom line and maximizing Shareholder value.

To this end, I am pleased to inform you AHIX is in the final stages of due diligence and a $15.5 MM capital raise to fund the total acquisition of two (2) targeted biometrics companies, rapid integration of operations, and underwrite a well-planned service expansion while maintaining superior product quality and customer support. We believe these initial entities embody the type of foundation critical for AHIX to leverage decades of growth and profitability. Further, they represent decades of successful business experience, robust research and development programs, cutting-edge intellectual property, proprietary product offerings, highly desirable synergistic sales and marketing operations, and all delivered to diverse, high-profile major corporations and governmental agencies. Their combined portfolio of products and services include secure, scalable, digital cybersecurity solutions for positive human identification and access management, feasibility studies, customized communications and automation analysis, bespoke software development, and other advanced technologies for facial, voice, fingerprint, finger vein, retinal scan, and recurrent still frame and video comparison verification.

AHIX believes the overall biometric technology and software sector is opportunity-rich, especially in our target areas of security, education, defense, immigration, and the projected exponential growth of the "Internet of Things" sector. Biometrics industry experts predict revenues will exceed $23 billion by 2020. One tangible catalyst driving these growth projections is the $400 billion to $1 trillion cost associated with cyber-crime. Many of these attacks are due to vulnerability exploits in authentication software, and web-based authentication networks.

AHIX's future growth and success, increasing brand awareness, and escalating goodwill within the biometrics industry will be driven by us being the "go to" source for the most efficient solutions, techniques, and technology designed to detect and deter attempts at identity fraud, hacker access, and password theft. These types of solutions are mission critical to clients that require continuous monitoring and compliance, such as financial services (trading desks), technology (network operating systems), defense (government facility security and defense manufacturing), higher education (testing, licensing, and certification), and penal systems (private and governmental).

Our new biometrics focus and near-term acquisitions will power an ever-growing IP portfolio with impressive technologies and software systems currently in high demand by local, state and federal law enforcement agencies nationwide. ROI will be driven by the development and monetization of an expanding $40,000,000 sales pipeline and growth of AHIX's technology services footprint into new markets.

A well-trained and equipped sales force is the heart and soul of any highly successful, profitable company. Thus, we have made it a top priority to rapidly build and maintain a stellar sales force equipped with leading technology and CRM software. AHIX's management will ensure the creation and adherence to a unified sales model featuring both direct and distribution strategies to increase sales and maximize profits.

Finally, I want to briefly touch upon the overall direction of the company. By focusing our ongoing personnel and financial resources on identifying and acquiring proven, well-respected brands that embody quality and cutting-edge technology across a wide array of biometric-based products, AHIX can continue the company's upward trajectory. It is my desire for our company's brand to be synonymous with the highest levels of security, quality, innovation, creativity, and customer satisfaction.

As I am sure you are aware, I arrived at AHIX during a period when there has been a massive influx of note conversions from past financings. Recent financial reports, when compared to previous years, have indicated that convertible debt in excess of $487,000 has come off our books. This is a result of our noteholders converting their debt into equity and selling into the market. The AHIX Annual Report will be released next month. It will reflect there are no more remaining debt-to-equity conversions. Although there is an enormous amount of shares in the float, AHIX remains on solid ground.

In closing, I want to express my sincere appreciation for the trust extended to me by Don Bennett, AHIX Chairman, other Board Members, Teresa McWilliams, Chief Financial Officer, and most importantly, the Shareholders. I'm excited to be here. We have a lot of work ahead, but I'm eager to see our many goals come to fruition.

Best Regards,

Glenn W. Milligan
Chief Executive Officer
Aluf Holdings, Inc.

Company contact:

Teresa McWilliams, CFO
866-793-1110

SOURCE: Aluf Holdings, Inc.

Aluf Holdings, Inc. Becomes Current with OTC Markets

Financial Reports and Disclosures Filed; Enhanced Social Media Presence to Follow

 

HOLLYWOOD, FL / ACCESSWIRE / March 13, 2018 / ALUF HOLDINGS, INC. (www.alufinc.com) (OTC PINK: AHIX) is a holding company engaged in mergers and acquisitions of corporations featuring robust, proprietary technology products in the opportunity rich biometrics and proprietary software arena.  Aluf Holdings, Inc. announced today it has become current in its filings with OTC Markets while evaluating and preparing for other targeted acquisitions. Also, the Company stated it will significantly enhance its presence and brand awareness through multiple social media strategies.  The Company’s main goal is to increase the market value of the company while elevating the confidence of its shareholders. As previously reported, the Company is currently negotiating to fund current acquisition targets, as well as acquire additional IP assets and brands primarily in the biometrics space. In the near future, the Company will be releasing more detailed information on its aggressive business plan, as well as the above referenced strategic acquisitions.

 

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.  Its primary strategy is to build a larger and more diverse enterprise software company through strategic acquisitions, synergistic integration, and managed growth of these profitable acquisitions. The Company’s seeks businesses with strong growth potential, high-profile client bases, and solid business plans 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.

 

Corporate Contact:

Aluf Holdings, Inc.
Teresa McWilliams, CFO
866-793-1110

Aluf Holdings, Inc. Strengthens Management Team with the Hiring of Glenn W. Milligan as New President & CEO

HOLLYWOOD, FL / ACCESSWIRE / January 3, 2018 / ALUF HOLDINGS, INC. (www.alufinc.com) (OTC PINK: AHIX), a holding company engaged in mergers and acquisitions in the development and sale of proprietary software, announced today the engagement of Glenn W. Milligan as the company's President and Chief Executive Officer (CEO).

Donald C. Bennett, Chairman of the Board of Directors of Aluf Holdings, stated, "Mr. Milligan's career experience as a highly regarded visionary, CEO, entrepreneur, and fundraiser is an ideal match for our aggressive business plan to become a major player in the biometrics and technology sector. His track record of identifying and assembling diverse teams to implement complex strategies has enabled him to build companies to valuations approaching $1 billion. During his decades of C-level experience, Mr. Milligan has interfaced with some of the largest global financial institutions, venture capital firms, mutual funds, and private investors to underwrite his projects. His 'hands on,' 'do whatever it takes to succeed' mindset represents the type of leadership we have been seeking."

Teresa McWilliams, Aluf Holdings' Chief Financial Officer (CFO) and Interim CEO, added, "I am excited about working with Glenn to secure current acquisition targets, integrate operations, grow revenues, and expand our access to capital to fuel future growth within our targeted niches. This is an exciting time for management, staff, and investors!"

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. Its strategy is to build a larger and more diverse enterprise software company through strategic acquisitions and managed growth within its business sectors as it acquires 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.

Corporate Contact:

Aluf Holdings, Inc.
Teresa McWilliams, CFO
866-793-1110

SOURCE: Aluf Holdings, Inc.