LAS VEGAS, Oct. 19, 2004 (PRIMEZONE) -- Efficacy, Inc. (Pink Sheets:EFCY) announced today it has acquired BPG Security International, Inc., a leading provider of homeland security products and services. According to the agreement, Efficacy has acquired all of the issued and outstanding shares of BPG. In addition, the company will retire 106 million shares leaving 32 million shares issued and outstanding, according to Perry Cook, President of Efficacy.
"The acquisition of BPG Security International, Inc., gives us an innovative provider of cutting-edge products for the $34 billion plus homeland security market, said Mr. Cook. "Many of these proprietary products have tremendous revenue potential which we are committed to aggressively market."
Cook also said that Efficacy is requesting a name and symbol change shortly that the company anticipates will be completed in the very near future.
BPG Security International, Inc., is an emerging software/IT company specializing in developing and marketing products for security-based sectors such as Homeland Security, Criminal Justice, Military, Industrial and Business Development. BPG's products have application potential with States, Counties, local jurisdictions as well as overseas governments. The company's proprietary software allows for greater tracking, efficiency and identification of criminal offenders, immigrants in the U.S. and other persons of interest.
Some of BPG's products utilize innovative statistical analysis and econometrics that assist in the prediction and risk assessment of a target market. An example of this is the company's predictability software for criminal activity. Many of the company's new software applications are extremely flexible and adaptable to different business and industry environments. BPG has developed a specialized security platform based on collaborative filtering or criminal personality profiling. In addition, a family of advanced software and hardware IT programs that will allow for the remote monitoring of persons of interest.
Statements contained in this release that are not historical facts may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.