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.