EX-99.1
5
ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Exhibit
99.1
SEQUIAM
CORPORATION ANNOUNCES THE ACQUISITION OF CHINA BASED MAGSTONE INNOVATION, INC
ORLANDO,
Fla.--(BUSINESS WIRE)--Sequiam Corporation (OTCBB:SQUM - News), a leading
provider of innovative consumer lifestyle biometric technology and services
announced today the acquisition of Magstone Innovation, Inc., a foreign owned
Chinese corporation, pursuant to a stock purchase agreement.
As
part
of the acquisition, Magstone Innovation, located in Quang Zhou, China will
change its name to Sequiam East, Inc.
Magstone's
President Edward Chen, will continue as the President and Chief Executive
Officer of Sequiam East, Inc. Following the transaction Mr. Chen commented:
"We
are very happy about this successful acquisition and excited about joining
Sequiam Corporation. Through our many years of experience in producing consumer
products, Magstone has established a very effective, reputable and creative
team
for design and engineering, an efficient manufacturing operation and a very
strong and capable supplier network in China. Over the past year, we have worked
with Sequiam to bring many great biometric products to the market. Now by
joining the Sequiam family, we will be able to turn all these resources and
talents into even greater products and become a global industry
leader."
Nick
VandenBrekel, CEO of Sequiam said: "We have worked successfully with Magstone
to
create top selling products like the BioVault 2.0 and Magstone was instrumental
in securing the relationship with Sequiam's joint venture partner in China,
CJCC. By adding the discipline of industrial design and manufacturing to
Sequiam's existing capabilities we have completed the circle and are able to
provide world class biometric technology to the marketplace in such a manner
that we control the entire process from start to finish. I am excited about
the
new opportunities this acquisition will bring to the Sequiam family and look
forward to my continued relationship with Edward Chen and his
team."
About
Sequiam
Headquartered
in Orlando, Florida, Sequiam Corporation develops, markets, and supports a
portfolio of highly robust proprietary biometrically enabled OEM, consumer
lifestyle and commercial products/solutions. In addition, Sequiam has invested
heavily in research and development to develop unique products/solutions for
the
biometric industry worldwide. Sequiam Biometrics' solutions incorporate
low-cost, high-volume manufacturing processes targeted at the consumer and
commercial market. Sequiam is a global company with offices in Taiwan, China,
and South Africa. For more information, please visit www.sequiam.com and
www.sequiambiometrics.com.
Safe
Harbor Statement -- Forward-Looking Statements
The
Private Securities Litigation Reform Act of 1995 provides a safe harbor for
forward-looking statements made on behalf of the company and its subsidiaries.
All such forward-looking statements are, by necessity, only estimates of future
results and actual results achieved by the company may differ materially from
these statements due to a number of factors. Any forward-looking statements
speak only as of the date made. Statements made in this document that are not
purely historical are forward-looking statements, including any statements
as to
beliefs, plans, expectations, or intentions regarding the future. Risk factors
that may cause results to differ from projections include, without limitation,
loss of suppliers, loss of customers, inadequate capital, competition, loss
of
key executives, declining prices, and other economic factors. The company
assumes no obligations to update these forward-looking statements to reflect
actual results, changes in assumptions or changes in other factors affecting
such statements. You should independently investigate and fully understand
all
risks before making investment decisions.
Contact:
Sequiam
Corporation, Orlando
Nicholas
VandenBrekel, CEO, 407-541-0773
investor@sequiam.com

EX - 99 . 1 5 ex99 - 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 Exhibit 99 . 1 SEQUIAM CORPORATION ANNOUNCES THE ACQUISITION OF CHINA BASED MAGSTONE INNOVATION , INC ORLANDO , Fla . -- ( BUSINESS WIRE ) -- Sequiam Corporation ( OTCBB : SQUM - News ) , a leading provider of innovative consumer lifestyle biometric technology and services announced today the acquisition of Magstone Innovation , Inc . , a foreign owned Chinese corporation , pursuant to a stock purchase agreement . As part of the acquisition , Magstone Innovation , located in Quang Zhou , China will change its name to Sequiam East , Inc . Magstone 's President Edward Chen , will continue as the President and Chief Executive Officer of Sequiam East , Inc . Following the transaction Mr . Chen commented : " We are very happy about this successful acquisition and excited about joining Sequiam Corporation . Through our many years of experience in producing consumer products , Magstone has established a very effective , reputable and creative team for design and engineering , an efficient manufacturing operation and a very strong and capable supplier network in China . Over the past year , we have worked with Sequiam to bring many great biometric products to the market . Now by joining the Sequiam family , we will be able to turn all these resources and talents into even greater products and become a global industry leader . " Nick VandenBrekel , CEO of Sequiam said : " We have worked successfully with Magstone to create top selling products like the BioVault 2 . 0 and Magstone was instrumental in securing the relationship with Sequiam 's joint venture partner in China , CJCC . By adding the discipline of industrial design and manufacturing to Sequiam 's existing capabilities we have completed the circle and are able to provide world class biometric technology to the marketplace in such a manner that we control the entire process from start to finish . I am excited about the new opportunities this acquisition will bring to the Sequiam family and look forward to my continued relationship with Edward Chen and his team . " About Sequiam Headquartered in Orlando , Florida , Sequiam Corporation develops , markets , and supports a portfolio of highly robust proprietary biometrically enabled OEM , consumer lifestyle and commercial products / solutions . In addition , Sequiam has invested heavily in research and development to develop unique products / solutions for the biometric industry worldwide . Sequiam Biometrics ' solutions incorporate low - cost , high - volume manufacturing processes targeted at the consumer and commercial market . Sequiam is a global company with offices in Taiwan , China , and South Africa . For more information , please visit www.sequiam.com and www.sequiambiometrics.com . Safe Harbor Statement -- Forward - Looking Statements The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward - looking statements made on behalf of the company and its subsidiaries . All such forward - looking statements are , by necessity , only estimates of future results and actual results achieved by the company may differ materially from these statements due to a number of factors . Any forward - looking statements speak only as of the date made . Statements made in this document that are not purely historical are forward - looking statements , including any statements as to beliefs , plans , expectations , or intentions regarding the future . Risk factors that may cause results to differ from projections include , without limitation , loss of suppliers , loss of customers , inadequate capital , competition , loss of key executives , declining prices , and other economic factors . The company assumes no obligations to update these forward - looking statements to reflect actual results , changes in assumptions or changes in other factors affecting such statements . You should independently investigate and fully understand all risks before making investment decisions . Contact : Sequiam Corporation , Orlando Nicholas VandenBrekel , CEO , 407 - 541 - 0773 investor@sequiam.com