Defentect Group, Inc. Provides Letter to Shareholders
NORWALK, Conn., April 19 /PRNewswire-FirstCall/ -- Defentect Group, Inc. (OTC Bulletin Board: DFTC), a developer and provider of rapid response software applications for the threat detection industry, issued today a letter to its shareholders that provides pertinent information regarding the Company's recent operations restructuring efforts. Shareholders of record as of April 1, 2010 will be receiving the following communication from Defentect at the address on record with the Company's transfer agent:
April 15, 2010
Dear Fellow Shareholder:
We are writing to share with you the significant changes that have taken place at Defentect in recent months. The Company has been repositioned competitively for growth and we are pleased to announce a new overall strategy that your management feels will achieve this goal. These past few months have been a time of change for your company.
Our focus has been on radiation detection, spurred by the acquisition of Vidiation in 2008. We have expanded the Company's addressable market by emphasizing our communication and messaging capability; which has generated gratifying and positive feedback from the industry, especially for our core software. This software manages sensors and generates an appropriate response when a threat is present. Defentect's approach is unlike any other and offers an opportunity well beyond radiation detection.
Our new strategic plan begins with some important leadership and organizational changes. We have established clearly redefined business functions with an emphasis on sales and marketing that will allow for us to utilize the competitive advantage inherent in our communication software. To grow market share in this multi-billion dollar industry, we are broadening our development focus from detection technologies to include response technologies.
We have established ourselves with state-of-the-art sensors; however, it is our software platform that sets us apart. We have increased our marketing efforts to encompass the integration of a variety of other manufacturer's sensors and applications with our communications software platform. This sensor agnostic strategy was developed in conjunction with our customers. Our current offering in radiation safety and security is well suited for the healthcare, energy and transportation industries. Our broadened scope will bring us to other industries providing our customers a sustainable competitive advantage.
We have a terrific team in place. Our new Vice President of Business Development has extensive resources and contacts within the threat detection and technology industries. He has been published in trade periodicals and has testified in front of a Congressional committee on homeland security. Additionally, our Vice President of Sales has a myriad of experience selling sophisticated technology solutions for detection and response purposes. Finally, our Product Manager has a proven track record at launching technologies such as Defentect's solutions from the incubation stage to commercialization. We are more than confident in our team's ability and desire to bring our company new business opportunities in the many vertical markets available. Our new corporate identity was developed by this talented team and we expect to see growth that will solidify our position as a leader in our industry.
As of April 5, 2010, Defentect Group, Inc.'s common stock began trading under the symbol DFTC on the OTCBB. Its new CUSIP Number is 244639 100. Additionally:
- Our corporate website URL is changing to www.defentect.com. We have redesigned the website to be more investor-friendly, and we encourage you to visit the Investors section.
- The domain name for our email addresses will also change to @defentect.com.
- The Splinternet Holdings website will continue to be active for a period to ensure the availability of historical information.
We believe we have laid the foundation on which to build a refocused and successful business. We thank you for your support.
Yours sincerely,
James C. Ackerly, CEO
SAFE HARBOR STATEMENT: This press release may contain "forward-looking statements" that are made pursuant to the "safe harbor" provisions as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," and similar expressions. These statements are based upon management's current expectations as of the date of this press release. Such forward-looking statements may include statements regarding the Company's future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses and other future or expected performances. The Company cautions readers there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those indicated in the forward-looking statements. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's filings with the SEC under the "Risk Factors" sections and elsewhere in those filings.
SOURCE Defentect Group, Inc.
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