EDIGITAL MAX, Inc. (EDM) Announces Partnership Agreement with CityMainStreet Technologies, Inc. (CMST)
EDIGITAL MAX, Inc. has signed an agreement with CityMainStreet Technologies., Inc. to provide the “Digital Witness Management System”, an Enterprise class, digital video management solution. This collaboration between the two firms will result in $150M+ in new contracts in FY 2003 and FY 2004.
(PRWEB) December 20, 2002
(SAN ANTONIO, TX). eDIGITAL MAX, Inc. has signed an agreement with CityMainStreet Technologies., Inc. to provide the “Digital Witness Management System”, an Enterprise class, digital video management solution. EDM capabilities will provide to CityMain Street Technologies, 3-D facial recognition, object tracking and recognition software, antiterrorism software, complex digital video enhancement software, NAS RAID 5 data storage, “Open Foundation”, software for system integration, and multi-database interfacing, with many other technology modules available for specific site requirements. This collaboration between the two firms will result in $150M+ in new contracts in FY 2003 and FY 2004. Mr. Brian Ruttenbur, Equity Research Analyst for Morgan Keegan Research, shows that $37.7B in Homeland Security Funding for FY2003, and J. P.Freeman Co., Inc. reports that top ten CCTV products worldwide involves Network Video, Digital Video Recording, Object Tracking digital video, Addressable cameras, wireless cameras, digital video motion detection, infrared cameras, Digital Video Servers, and high resolution DSP cameras.
Commenting on the agreement, Mr. Greg Webb, Chief Executive Officer of CityMainStreet Technologies, added, “We look forward to working with EDM management team to provide the latest proven technology in the arena of digital video management, biometrics, electronic security, and massive system integration. These systems are integral to combating the ongoing threat of terrorisms throughout the entire world. The ability to provide realistic protection to all peoples and assets, complex, leading edge and very high levels of technology is mandatory for success. CityMainStreet Technologies has full confidence in the ability of eDIGITALMAX, Inc. to provide comprehensive systems performance, thus ensuring the maximum deterrence of terrorism. This agreement completes our team of highly technical and competent firms to provide for our personal, business and financial safety worldwide”.
MEANINGFUL DIGITAL INTEGRATION
Mr. Webb is a former senior executive with QUALCOM (QCOM) and AT&T (T)
About eDIGITAL MAX, Inc.: eDIGITAL MAX, Inc provides an “Open Architecture” digital video management platform with multi database integration, 3-D facial recognition, biometric fingerprint software, broadcast digital video enhancement capability, NAS configurability, and increased technological advancements. The eDigital Witness System can be configured from one camera to thousands, and support up to 25 Terabytes of storage. Each individual system can be tailored to meet the most demanding specification, and performance requirement. While the eDigital Witness Enterprise System has the distinct history as the most comprehensive system available today, it carries a very cost effective pricing structure, many times, 30% to 40% less than the nearest competitor. As a seasoned Industry Veteran, Mr. Mark J Young, has twenty eight plus years of experience in system integration, video, access control, biometrics, varied video/data transmission systems, and was among the first leading the acceptance of “digital video” within the electronic security industry. Over the past eight years, Young has served in senior management positions with major digital video firms, and as the founder of Digital Vision Systems, Inc.
About CityMainStreet Technologies: CityMainStreet Technologies, comprises a Natural Language Intelligent Agent “ebots or Electronic Robots” solution that provides an efficient, mutually beneficial partnership between large businesses and government that want optimized business processes and the reduction of low to medium complexity jobs. The addressable market is approximately $90 to 115 billion per the Gartner Group. Second, the ebots are used in a series of detection solutions that incorporate wireless technology, chemical, radiation, biological, motion, language recognition and intelligence gathering by Wireless Intelligent Remote Detection Systems—WIRDS. CityMainStreet has expanded the WIRDS product into a global center for the acquisition and analysis of intelligence information for government departments, like Homeland Security. The WIRDS product solutions will be expanded for global businesses operating shipping, 18 million containers, containerships, like; Airports, Harbors, Ports; Border crossing for customs, et cetera. CityMainStreet utilizes its intellectual property, wireless directional zed antennas in its WIRDS and commercial products to reduce possible health hazards and enemy detection, to address the $24 Billion market. CityMainStreet is partnered with Argonne National Laboratory, Department of Energy, operated by the University of Chicago. CityMainStreet and its partners are currently focused on major metropolitan locations worldwide. The company will increase its direct sales, sales distribution agreements, and licensing agreements. The WIRDS will be used for radiation, biological, chemical, digital video management, alarm processing and management, physical asset surveillance, and language/voice authentication The target markets are high profile infrastructures, such as high rise office complexes, campuses, subways, trains, schools, universities, hospitals and shipping containers coming to the United States from, over 400,000 ports. The high profile targets represent over 3 million structures/buildings and the containers represent 18 million units. The containers make 195,000 voyages per year according to US Government sources. CityMainStreet partners with shipping, shippers, and governments to market, sell and distribute the WIRDS units.
Forward looking statements: This press release includes statements and other matters that could be considered to be forward –looking and subject to a number of risks and uncertainty that could cause actual results to differ materially from expectations. Factors that might affect or contribute to such differences include, but are not limited to, risks associated with CityMainstreet Technologies reliance on strategic marketing and reseller relationships, fluctuations in operating results because of acquisitions or dispositions or delisting, changes in competition, delay in developing new products, disputes regarding CityMainStreet Technologies intellectual property, risks relating to the potential listing or de-listing of the stock or risks associated with eDIGITAL MAX, Inc operations.
Contacts - Mark J. Young, President & CEO, Investor Relations, EDM, 837 Isom Road, San Antonio, TX 78216 866-303-9826. myoung@edigitalmax. us For more information visit www. edigitalmax. us
Greg Webb, CityMainStreet Technologies CEO & Chairman of the Board, e-mail gwebb@citymainstreet. com for more information on CityMainStreet, Technologies, Inc.
