GateKeeper USA, Inc. Announced the Acquisition of BioAvenge
12 Febrero 2008 - 8:00AM
Business Wire
GateKeeper USA, Inc. (Pink Sheets: GTKP), announced today, that is
has completed the acquisition of Maryland based, BioAvenge. The
acquisition was structured as an asset purchase utilizing stock as
consideration for the acquisition. Specific terms were not
disclosed. �We are very pleased with acquisition. This transaction
has significantly increased shareholder value as it has added a war
chest of viable assets to be utilized and exploited in the field of
Homeland Security.� State James W. Wishart, CEO of GateKeeper USA,
Inc. The company plans to utilize the acquired assets in the areas
of Bio-Warfare and Bio-Terrorism. Portions of the proprietary
Intellectual Property, included in the acquired assets, will be
immediately deployed to develop detection capabilities of
Bio-Hazardous agents as well as establish monitoring with respect
to stage of infection within individuals. These new platforms
should generate significant new revenue sources for the Company as
well as enable the Company to expand its current product offerings
to other areas related to Homeland Security and National Defense.
About BioAvenge Initially founded in 2000, BioAvenge, possesses two
powerful and proprietary genomic and proteomic technology
platforms. BioAvenge has coupled these platforms for analytical
study of genes and gene expression and genetic sequences of
biological significance � into a unified, end-to-end gene
discovery, functional analysis and identification of Bio Hazardous
agents. BioAvenge is utilizing these technologies to enable the
company to go from identification and discovery through function
analysis and target validation, directly to screening Bio Hazardous
contamination, diagnostic applications, and prophylactic and
therapeutic vaccine development. About GateKeeper USA GateKeeper
USA, located in Gaithersburg, Maryland, is engaged in the maritime
container industry as it relates to container security and
protection from potential terrorist attacks. The initial focus of
the company is the deployment of a proprietary shipping container
security device known as the GateKeeper Container Automated
Monitoring System (CAMS). The Company will employ proprietary
detection and identification technologies. The technologies to be
utilized by the Company provide rapid, automatic and specific
real-time analysis, identification and quantification of the
chemical, biological and radio active compounds whether in liquid,
solid or gaseous states. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. Forward-looking
statements, which are based on certain assumptions and describe
future plans, strategies, and expectations, are generally
identifiable by the use of words such as "believe," "expect,"
"intend," "anticipate," "estimate," "project," or similar
expressions. These forward-looking statements relate to, among
other things, expectations of the business environment in which the
Company operates, projections of future performance, potential
future performance, perceived opportunities in the market, and
statements regarding the Company's mission and vision. The
Company's actual results, performance, and achievements may differ
materially from the results, performance, and achievements
expressed or implied in such forward-looking statements due to a
wide range of factors.
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