Axle-and-Hub
4 years ago
More than a SPAC - its an opportunity and a market to gain.
Don't think of SKVY as a retail big box market security focus. Its more about warehouse security and manufacturing center security as well as institutional facility market (schools of all sizes and types).
Obviously "retail" is a changed environment - now look at all the "large box" retailer situations that have big warehousing in the back of the store or regional warehouses.
Like who? Costco, Fleet Farm, Super Value and Kroger, Lowe's/Menards/Walmart/Cabelas,Dicks etc. etc. etc.. SKVY's advantage is its patents and moving camera track system.
So how could this stock benefit some entity as part of a bigger plan ?
We all hear about S.P.A.C. situations - a public company that could merge with a private company. I'm involved with another stock doing just that - going from 2 cents a share 3 months ago - to now 50 cents a share BEFORE the merger announcement and then going up from there.
a SPAC is not a magic trick or infinite answer - if done properly - its a convenience to a larger private company - that saves them huge on doing an IPO uncertainty - AND - it allows the private company to have far better control of the newly founded entity combination. But even more importantly - it allows a private company to get the benefit of "public" - but get the patents and technology that Video Sentry plus Murdoch's company he originally had and also SKVY's - and that part is there but "hidden from view".
1. So a private entity gets Control in an uncertain world of going public,
2. Gains patents and technology that can broaded the private company's access, market, etc..
3. Adds another building block to acquire other private companies.
4. Controlled pace of a private company going public and doesn't need to be fraught with confusion and anxiety and "poor fits" of plans and new learning or questionable leadership/management risk. So many SPAC efforts aren't done well - but when they are (like the one I own stock in) - they are a thing to behold.
Because I'm seeing 1st hand on another stock - an elegantly done example of how a really good SPAC can be done - I'm seeing how the private company and public company's shareholders/owners will come out very well. AND - long term shareholders will stay when it happens - again stock structure and CONTROL iw maintained by the private company - while keeping the public shareholders all involved and prospering too.
So many said I was crazy to hold a 1 or 2 penny stock - and are flabbergasted just 3 or 4 months later before the merger is even announced.
P.S. I''e owned SKVY since it was Video Sentry. I've made suggestions to management in the past about market opportunities - but as yet - they haven't taken any of them - and the opportunities are bigger and more lucrative than what we're doing now - yet our technology would qwork well for those ideas.
JMHO
Slojab
4 years ago
RONKONKOMA, NEW YORK, UNITED STATES, March 2, 2021 /EINPresswire.com/ -- Sentry Technology Corporation
Contact:
Peter L. Murdoch President & CEO (631) 739-2000
Sentry Technology Corporation (OTC Markets: SKVY) announced today recently adopted final amendments to the Exchange Act Rule 15c2-11 requiring various filings and disclosures by June 30, 2021 will impact future trading in the Company’s shares. The Company has determined it will not meet the new filing requirements. Consequently, the Company’s shares will no longer be available for public trading after the June 30, 2021 SEC deadline.
Sentry Technology Corporation designs, manufactures, sells and installs Closed Circuit Television (CCTV) solutions. Our CCTV product line features VideoRailway™ and SmartTrack™, a proprietary, traveling camera technology. More information can be found at www.sentrytechnology.com.
https://www.wicz.com/story/43435357/announcement-regarding-sec-rule-change
ALERTS100%to10000%GAIN
7 years ago
SKVY~~Sentry Technology Corporation (Sentry) designs, manufactures, markets and services a complete line of CCTV, Library patron self-service and RFID solutions as well as EAS security systems. The CCTV product line includes the VideoRailway and the SentryVision SmartTrack traveling CCTV systems. OperationVideo, a Software-As-A-Service business solution is designed to manage online safety, security, product audits and operational procedure compliance in retail stores. The Company leading manufacture of traveling, robotic CCTV systems, Sentry services customers on four continents. The Company’s customers include library, government, data centers and commercial customers all relying on inventive, customer focused security solutions. The Company’s products include Traveling CCTV, Library Solutions, OperationalVideo, EAS / BookStores, and CCTV.
GREEN MAKER
8 years ago
RONKONKOMA, NY / ACCESSWIRE / February 4, 2015 / Sentry Technology Corporation (OTC Pink: SKVY) (SKVY), today announced a major restructuring of its business.
The company completed the first stage of an agreement to sell the manufacturing and marketing rights for its traveling camera technology in Europe and Asia. The purchaser is a French company operating under the name SentryWay. It is expected the transaction will be finalized on April 30, 2015. Proceeds from the $1.1 million sale are being used to repay bank debt and Sentry's secured debt obligation to Brookfield Technology Fund. Additional annual payments may be received by Sentry Technology during the first three years of the agreement at the rate of 20% of SentryWay's annual traveling CCTV sales above the company's Europe/Asia revenue for the year 2013. Based on anticipated SentryWay sales, management believes annual payments by SentryWay will make a substantial contribution to Sentry's future profits.
As part of the restructuring plan, Sentry's library security business was sold to Sentry Funding Partnership for $1 million. The sale price was based on an evaluation of Sentry's library operations by Corporate Valuation Services. The sale will reduce secured debt owing to Sentry Funding Partnership. In addition, substantial debt restructuring agreements have been signed with the company's largest unsecured creditors. Approximately $2.5 million in unsecured debt has been settled in exchange for the payment of $100,000 in cash and the issuance of 10,000,000 Sentry common shares. To date, a total of $4.4 million of debt has been eliminated as a result of the restructuring including $2M owed to Custom Security Industries, a majority owned subsidiary.
During the first quarter of 2015, Sentry is implementing a cloud based ERP accounting system. In addition, annual expenses will be significantly reduced by exiting the company's European distribution center and reducing operating costs and rental space at the headquarters in Long Island, NY.
"The reported transactions mark a significant change in our company's current and future business operations," said Peter L. Murdoch, President and CEO or Sentry Technology. "We believe that by dramatically improving our balance sheet, reducing expenses and focusing sales efforts on our new VideoRailway(TM), HD/IP traveling camera technology, Sentry will generate an operating profit during 2015."
"VideoRailway(TM) is now installed and performing well in leading U.S., Canadian and South African retailers. The high quality HD image improves the effectiveness of OperationalVideo(TM), our online platform for managing retail operations, merchandising compliance and security. While selling the CCTV technology in Europe and our library business will reduce total revenue, the company is better positioned to take advantage of the significant opportunity in the fast growing digital, networked video market."
Sentry Technology Corporation designs, manufactures, sells and installs Closed Circuit Television (CCTV) solutions. Our CCTV product line features VideoRailway(TM) and SmartTrack(TM), a proprietary, traveling camera technology. Our OperationalVideo(TM), OVportal(TM) software application assists retailers with on-line management of safety and security, merchandising audits and employee procedure compliance. More information can be found at www.sentrytechnology.com.
This press release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings.
CONTACT:
Peter L. Murdoch
President & CEO
(631) 739-2000
SOURCE: Sentry Technology Corporation
Retirement
9 years ago
NEWS Today
This company will eventually pay off IMO ....
Sentry Technology Releases Video Application
Accesswire
46 minutes ago
????
RONKONKOMA, NY / ACCESSWIRE / October 13, 2015 / Sentry Technology Corporation (OTC Pink: SKVY) (SKVY), today announced the release of VR Pilot(TM), a software application that allows the connection of the company's VideoRailway(TM), IP, high definition, traveling camera system to any Network Video Recorder (NVR).
IP video using NVR's and Video Management Software (VMS) has become the standard for most new systems installed by retailers to manage security and operations. As the market develops there are a host of NVR and software suppliers vying for market dominance. Once a customer has chosen its NVR/VMS combination, all additional video products must connect seamlessly with the network to view and record images.
VR Pilot(TM) manages VideoRailway(TM) functionality including lateral travel of the camera carriage. Images stream to the NVR via RTSP protocol, the standard for IP video networks. By developing our own application, we eliminate the need to create custom interfaces for every NVR device. This reduces cost and increases the speed of implementation.
"VideoRailway(TM) has now been installed in a growing number of North America's largest retailers," said Peter L. Murdoch, President and CEO of Sentry Technology. "Five major, long standing customers using SmartTrack(TM), our analog traveling camera system, have installed VideoRailway(TM) to take advantage of IP network connectivity and HD images. VR Pilot(TM) simplifies the installation process and ensures functionality with all major network video recorders offered in the market."
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