Press Release:
Morgantown, West Virginia
January 09, 2012
SecurLinx Corporation, a Delaware corporation located in Morgantown, W.Va., announced today that it has completed its reorganization with SecurLinx Holding Corporation
(FRA:S8X) of Toronto, Canada. Under the terms of the reorganization
agreement, SecurLinx Corporation became a wholly owned subsidiary of the
Canadian parent company. The parent company has been accepted for listing by the Frankfurt Stock Exchange with the trading symbol S8X.
“By completing this reorganization with our Canadian parent,
we will have access to capital and the ability to use their liquidity
to aggressively pursue growth both organically and through acquisition,”
stated Barry Hodge, CEO of SecurLinx Corporation. “This will allow us
to take advantage of the near term opportunities in the emerging
biometrics market place to expand our footprint. We expect this
structure to provide significant benefit to our customers and
shareholders.”
Under the terms of the reorganization agreement, existing SecurLinx Corporation shareholders received 1.42 shares of SecurLinx Holding Corporation stock in exchange for each share of their SecurLinx Corporation stock. The remainder of the SecurLinx Holding Corporation shares
will be sold in the initial offering to fund the company’s business
plans. Hodge will become the CEO and Chairman of SecurLinx Holding
Corporation.
Hodge further stated, “Deployment of biometric software applications
is expanding exponentially around the world. Our goal is to position our
company at the forefront of this trend and participate in opportunities
both domestically and internationally.”
About SecurLinx Corporation
Located in Morgantown, West Virginia, SecurLinx Corporation is an
advanced technology and software development company. The company
offers middleware products and systems applied to information sharing,
secure access, surveillance, and biometric identification. Our products
serve government, law enforcement, and the security industry.
About SecurLinx Holding Corporation (FRA:S8X)
Located in Carlisle, Ontario, Canada, the company was
incorporated as 1800987 Ontario, Inc. July 13, 2009. To facilitate the
reorganization, the company changed its name to SecurLinx Holding
Corporation on June 16, 2011.
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JASON HODGE
SECURLINX
(304) 284-5020
