Morgantown, West Virginia (PRWEB) January 09, 2012
SecurLinx Corporation, a Delaware corporation located in Morgantown, W.Va., announced today that it has completed its reorganization with SecurLinx Holding Corporation (FRA:S8X) of Toronto, Canada. Under the terms of the reorganization agreement, SecurLinx Corporation became a wholly owned subsidiary of the Canadian parent company. The parent company has been accepted for listing by the Frankfurt Stock Exchange with the trading symbol S8X.
“By completing this reorganization with our Canadian parent, we will have access to capital and the ability to use their liquidity to aggressively pursue growth both organically and through acquisition,” stated Barry Hodge, CEO of SecurLinx Corporation. “This will allow us to take advantage of the near term opportunities in the emerging biometrics market place to expand our footprint. We expect this structure to provide significant benefit to our customers and shareholders.”
Under the terms of the reorganization agreement, existing SecurLinx Corporation shareholders received 1.42 shares of SecurLinx Holding Corporation stock in exchange for each share of their SecurLinx Corporation stock. The remainder of the SecurLinx Holding Corporation shares will be sold in the initial offering to fund the company’s business plans. Hodge will become the CEO and Chairman of SecurLinx Holding Corporation.
Hodge further stated, “Deployment of biometric software applications is expanding exponentially around the world. Our goal is to position our company at the forefront of this trend and participate in opportunities both domestically and internationally.”
About SecurLinx Corporation
Located in Morgantown, West Virginia, SecurLinx Corporation is an advanced technology and software development company. The company offers middleware products and systems applied to information sharing, secure access, surveillance, and biometric identification. Our products serve government, law enforcement, and the security industry.
About SecurLinx Holding Corporation (FRA:S8X)
Located in Carlisle, Ontario, Canada, the company was incorporated as 1800987 Ontario, Inc. July 13, 2009. To facilitate the reorganization, the company changed its name to SecurLinx Holding Corporation on June 16, 2011.
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