BUSINESS STRATEGY DETAILMission Statement:
To maximize the monetization of an array of software, gaming and intellectual property assets thathave an integrated focus around face building technology.
Our vision is to bring to maturity the assets of the company for ultimate sale to a major company inthe relative near term of 1-2 years.
IQBiometrix, Inc. originated in the mid 1990's with a concept to develop a game around the buildingof faces as a software program. It evolved into a law enforcement tool widely used to duplicate theskills of a police sketch artist. The company did its initial development work in Montreal, Canada. Itmoved to Fresno, California in 2001 to be near the criminology department at Fresno StateUniversity. It was acquired by the current ownership in an asset sale in January, 2008. The companynow resides in Houston, Texas.The company has three operating divisions:1. An intellectual property division that contains a family of 10 patents, nine issued and one currentlyfiled with the USPTO, waiting to be issued. The patent portfolio, dating back to 1995, controls awide application in face building and electronic transmittal of facial images.2. A software division: FACES(TM) 4.0 LE (Law Enforcement), as our software is called, hasemerged to become the leading facial composite imaging software tool used by law enforcement.Our FACES 4.0 EDU is used by leading criminology departments.3. A gaming division: Our FACES game can be played at www.amw.com. Just scroll down to thebottom of the page. John Walsh navigates the game.
Our business objective has been to bring the integrated assets to a level of maturity that would makethe venture attractive as an acquisition. Our challenge has been to acquire the expertise needed tofully exploit a unique set of assets. After years of searching, we have finally amassed a highly skilledteam. We are now "hard launching" in all three of our major divisions. We expect our venture willhave matured within 18 months to be purchased by a major company.
The company is owned by the following private individuals, each owning 50%: Greg/Nancy Micekand Bill Scigliano. There is no intended change to the ownership structure.
Company (Staff Training / Experience):
The company management structure is a combination of an in-house executive team, andoutsourcing to qualified, "best of breed" firms with specialized expertise in the areas required. Theinternal management team is led by:1
. William Scigliano
, CEO. William (Bill) Scigliano is the Founding Partner of Scigliano Group, LLC,an international company specializing in early stage technologies, investments, mergers andacquisitions, and intellectual property strategies. Scigliano Group focuses on clients in multimediadigital and social media, mobile applications, entertainment and gaming. The company’s offices arein Los Angeles, CA and Las Vegas, NV. Prior to founding Scigliano Group, William was a successful