Analyst Report: Aluf Holdings, Inc. (OTCBB: AHIX)
Aluf Holdings Inc
A Company of Champions Navigating the 21st Century
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.
KEY STATISTICS:
Market Value: $215,521 a/o Jan 29, 2016
Authorized Shares 946,821,999 a/o Jan 18, 2016
Outstanding Shares 269,401,339 a/o Jan 18, 2016
Float 167,828,512 a/o Jan 18, 2016
RECENT NEWS:
HOLLYWOOD, FL / ACCESSWIRE / December 30, 2015 / Aluf Holdings, Inc. (PINKSHEETS: AHIX) today announced that it has entered into a definitive agreement with Triad Biometrics, LLC, a biometric software innovator formed in 2004, to acquire its assets consisting of intellectual property and software products including “undefeatable” FIPS 140-2 Suite B military grade encryption, among other ground breaking features. This announcement stems from the previously reported LOI that Aluf Holdings, Inc. signed with Triad Biometrics on August 20th.
Pursuant to the terms of the Purchase Agreement, the Company will pay Triad US$3,750,000 for the Assets. Closing of the Acquisition is subject to, amongst other things, the completion of satisfactory due diligence by the Company, and the Company securing satisfactory financing.
Aluf Holdings, Inc. is the creator of proprietary software with installations worldwide. The definitive agreement lays the foundation for the transferal of Triad’s assets to a newly formed subsidiary, Aluf Biometrics, Inc., that will develop and enhance a suite of next generation biometric identification and authentication products. Aluf Holdings’ business plan is focused on the profitable operation and management of subsidiary companies in the development of proprietary groundbreaking software that businesses and individuals will find unsurpassed in function and usefulness.
HOLLYWOOD, FL / ACCESSWIRE / November 12, 2015 / Aluf Holdings, Inc. (PINKSHEETS: 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.
About Triad Biometrics, LLC:
Triad Biometrics, LLC, developed TEAMS(R), a groundbreaking enterprise level fingerprint biometric identification and authentication product that is setting a new paradigm for security, interoperability, and accountability. TEAMS(R) represents the next-generation in securely accessing web based applications. By enabling the elimination of passwords and password fields, data security, end user experience, and productivity are significantly improved while authentication-related maintenance and operating costs are reduced. User frustration and risk associated with finding, remembering, and storing passwords is eliminated. Unlike other commercial biometric systems, TEAMS(R) is an autonomous authentication method with no reliance on directory or other password-based systems, and once implemented, cannot be hacked, cracked, or circumvented. TEAMS(R) utilizes military-grade FIPS-140 Suite B cryptography in concert with several unique patented and pending features which enable a never-before-obtained level of identity confidence, privacy protection, and data security over un-trusted networks, such as the public internet.
BIOMETRICS MARKET:
Biometrics Research Group Inc. projects that the global biometrics market will grow to US$35.5 billion by 2020 from its 2015 value of US$15 billion. The market for automated fingerprint identification systems and fingerprint biometric technologies account for the greatest share of the global biometrics market and is forecast to continue to be the main source of overall market revenues from 2015 to 2020.
Biometric authentication is a technology that automatically confirms a person’s identity by comparing patterns of physical or behavioral characteristics in real time against enrolled computer records of those patterns. Leading biometric technologies accomplish this task by scanning patterns of the face, fingerprint, hand, iris, palm, signature, skin, or voice and storing then electronically in a secure, encrypted format.
Importantly, biometric identification is far superior to other common means of confirming identity, such as tokens (something one possesses) or passwords (something one knows). Tokens (drivers’ licenses, for example) and passwords (Social Security numbers, for example) cannot assure positive identification of a person. Tokens are routinely counterfeited and stolen. Passwords are routinely forgotten, left in plain sight, and stolen. Unlike tokens or passwords, biometric identifiers are inextricably linked to individuals themselves and, therefore, cannot be forgotten or stolen.
Biometric authentication also helps protect privacy by erecting a barrier between personal data and unauthorized access. Technically, biometric capture devices create electronic digital reference templates that are encrypted and stored and then compared to encrypted templates derived from “live” images in order to confirm a the identity of a person. The templates are generated from complex and proprietary algorithms and are then encrypted using strong cryptographic techniques to secure and protect them from disclosure. Thus, standing alone, biometric templates cannot be reconstructed, decrypted, reverse-engineered, or otherwise manipulated to reveal a person’s identity. In short, biometrics can be thought of as a very secure key: unless a biometric gate is unlocked by using the right key, no one can gain access to a person’s identity. Source: IBIA.org
MANAGEMENT TEAM:
Teresa McWilliams currently serves as interim CEO of Aluf Holdings, Inc. She still retains her permanent title of Chief Financial Officer and senior manager where she has served since June 2011. Teresa began her professional career in finance with Merrill Lynch, later moving on to a regional CPA firm. Teresa branched out to work in securities as the Compliance Officer and Corporate Controller for a broker-dealer. In 1998 Teresa founded and operated a professional tax and business consulting firm specializing in compliance, accounting, business and personal tax issues, as well as C-level executive consulting services where she participated in a number of IPO’s and Mergers & Acquisitions.
Larry W Hawkes – Chief Operations and Technology Officer is a 30 year veteran of the software industry. Larry has managed large (multi-million $) software integration projects. He has been a software retailer, a software application manager, a project manager, a database developer, a database administrator and a software developer all at a senior level.
Yonghun Kim – Director
Dale Churchill – Director
Jonathan Baker – Director
Michael Brauner – Director
Larry G. Striggles – Director
Donald Bennett – Board Advisor
CONCLUSION:
In the past 18 months the following have happened at AHIX:
Name change and ticker symbol change.
Elimination or settlement of several lawsuits the company was involved with.
Settlement or otherwise reorganized much of the corporate debt.
Released the former Interim CEO from a two year contract.
Cancelled an ineffectual consulting agreement.
Lined up a $5 million credit facility for acquisitions.
Purchased the assets of Triad Biometrics LLC.
Completed a 2500 for 1 reverse stock split to benefit shareholders.
You can read about these events in further detail in the AHIX Quarterly Report published November 11, 2015 for the period ended September 30, 2015 and found at this link http://www.otcmarkets.com/financialReportViewer?symbol=AHIX&id=146687
It should be first noted that the projected increase in the biometrics market mentioned above, represents a 133% increase over just 5 years. That is remarkable even in today’s plethora of high growth industries.
ALUF maintains a marginal revenue stream from the software assets of its COREwafer days. That revenue has been declining over several quarters and one may expect it to decline further. Since Triad was not a public company we don’t know what level of revenue, if any they have achieved to add to the ALUF top line.
The current price is $.0007 or 100,000 shares for $70 bucks. Savvy investors may realize these shares are vastly oversold and get in on this bargain.
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