SCUC SecureCARE Technologies Inc. featured news, full reports, and detailed charts
SecureCARE Technologies Inc. (SCUC/SCUC.OB) Wrap Up:
SecureCARE Technologies, Inc. provides Internet-based document exchange and e-signature solutions for the healthcare industry in the United States. Its Internet based applications provide workflow solutions that enable documents to be sent, signed, and remotely viewed between providers of healthcare. The company offers Sfax, a secure electronic fax record that provides log and audit trails for fax documents and eliminates the manual paper processing of fax documents; and SecureCare.net portal, an electronic document exchange and e-signature workflow solution, which enables health record, form, or prescription to move electronically from the point of generation to its destination, such as a p...SecureCARE Technologies Inc. (SCUC:OTC Bulletin Board Market)
Snapshot of SecureCARE Technologies Inc. (SCUC)
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OPEN
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PREVIOUS CLOSE
$0.40
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
05/26/09 - $0.51
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52 WEEK LOW
05/18/09 - $0.01
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MARKET CAP
4.0M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
10.0M
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SCUC Does Not Pay Dividends
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P/E TTM
NM
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SCUC Top Compensated Officers
Executives, Board Directors
Key developments for SecureCARE Technologies Inc. (SCUC)
On August 21, 2009, SecureCARE Technologies Inc.’s Board of Directors approved and the company entered into a Technology License Agreement with SecureCare Technologies UK Limited. The License Agreement grants STU a license to market the company’s technologies throughout the world with the exception of North America and South America in exchange for a license fee of $100,000 to be paid in 5 equal monthly installments of $20,000 commencing upon receipt of STU’s required funding, and payment of a royalty of 5% of STU’s net sales as defined in the License Agreement, payable quarterly within 60 days of the end of each calendar quarter. The company is also entitled to 5% of the net proceeds of any Disposal of STU as defined in the License Agreement. The term of the License Agreement is perpetual. The License Agreement further provides that if any part of STU’s territory or the territory retained by the Company has not been developed in four years, either party shall be entitled to approach the other to establish a joint venture to develop that territory.
SecureCARE Technologies Inc. announced that KBA Group LLP resigned as company's independent registered public accounting firm. On July 3, 2009 PMB Helin Donovan, LLP was appointed as the new independent registered public accounting firm for the company. The decision to appoint PMB Helin Donovan was recommended and approved by the company's Board of Directors.
On June 5, 2009, the Board of Directors of SecureCARE Technologies Inc. determined to terminate Dennis Nasto's appointment as President and CEO of the Company. Concurrent with his termination as President and CEO, Mr. Nasto immediately resigned from the Company's Board of Directors. The principal reason for Mr. Nasto's termination was the Company's need to re-align its monthly fixed cost structure relative to its monthly revenue base and in light of the Realignment the Company determined it could no longer continue to pay Mr. Nasto's salary. The Company owes Mr. Nasto various amounts including salary, deferred salary and reimbursable expenses. The Company and Mr. Nasto estimate that the total of these amounts is approximately $50,000. The Company will work with Mr. Nasto to finalize the actual amounts owed to him, to be paid in a reasonably prompt manner as the Company's financial condition will allow. The Company has not determined how it will fill Mr. Nasto's position. The Board of Directors of the Company, upon termination of Mr. Nasto as President and CEO, on June 5, 2009, immediately appointed Neil Burley, currently serving as the Company's Chief Financial Officer and Principal Accounting Officer as its interim President and Chief Executive Officer.
SCUC Competitors
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Industry Analysis
| Valuation | SCUC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 12.6x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 5.1x |
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SCUC transactions
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Private Placement
September 1, 2009 |
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More Recent News About SecureCARE Technologies Inc.
More news for SCUC
SECURECARE TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward Looking Statements This Quarterly Report on Form 10-Q contains "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995 and information relating to the Company that is based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. When used in this report, the words "anticipate," "believe," "estimate," "expect" and "intend" and words or phrases of similar import, as they relate to the Company or Company management, are intended to identify forward-looking statements. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, seasonality, distribution networks, product introductions and acceptance, technological change, changes in industry practices, onetime events and other factors described herein and in other filings made by the company with the Securities and Exchange Commission. Based upon changing conditions, should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended. The Company does not intend to update these forward-looking statements. OVERVIEW SecureCare Technologies, Inc. (the "Company") provides Internet-based document exchange and e-signature solutions for the healthcare industry. The Company's proprietary technology offers workflow solutions that enable documents to be sent, retrieved, signed and remotely ...Click here to read the whole Article (external link)
SECURECARE TECHNOLOGIES INC Files SEC form 8-K, Unregistered Sale of Equity Securities, Financial Statements and Exhi
ITEM 3.02. Unregistered Sales of Equity Securities. SecureCare Technologies, Inc. (the "Company") is currently engaged in two private offerings of its common stock. Each of the two offerings commenced on September 1, 2009.The initial terms and conditions of the first offering provided for accredited investors to purchase up to 1,250,000 shares of common stock at $0.08 per share through September 21, 2009; thereafter the price would be $0.10 per share (the "Stock Offer"). Subsequent to September 1, 2009, when the Stock Offer commenced, the Board of Directors of the Company approved an initial extension to October 9, 2009 and a further extension to October 31, 2009 to purchase shares of common stock at $0.08 per share; After October 31, 2009, the price will be $0.10 per share. For each of these two extensions, the required Subscription Agreement was modified to reflect the extension and further extension terms and conditions. The second offering is for a related-party holder of certain of the Company's indebtedness to convert to common stock, $25,000 in principal amount outstanding of a $75,000, 6% unsecured promissory note at the rate of one share for each $0.08 in principal amount converted for a total of 312,500 shares (the "Exchange Offer"). As of October 13, 2009, the aggregate shares sold in the two offerings exceeded 5% of the Company's issued and outstanding shares beyond those reported in our Current Report on Form 8-K dated September 17, 2009. As of October 13, 2009, 1,155,063 shares had been sold in the Stock Offer to 19 investors (including 509,463 shares sold to related parties) for $92,405 and $25,000 in principal amount outstanding of a $75,000, 6% unsecured promissory note promissory note has been exchanged in the Exchange Offer by one related party note holder for 312,500 shares. As a result of these issues, the number of shares of common stock, par value $0.001 per share, that the Company has issued and outstanding has increased from the 9,777,422 ...Click here to read the whole Article (external link)
Elevation Partners Buys $35M Worth of Palm
Stock quotes in this article: PALM , BRKR , SNV , ...Click here to read the whole Article (external link)
SECURECARE TECHNOLOGIES INC Files SEC form 8-K, Unregistered Sale of Equity Securities, Financial Statements and Exhi
Show all filings for SECURECARE TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SECURECARE TECHNOLOGIES INC 23-Sep-2009Unregistered Sale of Equity Securities, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information...Click here to read the whole Article (external link)
SECURECARE TECHNOLOGIES INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
SECURECARE TECHNOLOGIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equi
Show all filings for SECURECARE TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SECURECARE TECHNOLOGIES INC 27-Aug-2009Entry into a Material Definitive Agreement, Unregistered Sale of Equi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inform...Click here to read the whole Article (external link)
SECURECARE TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward Looking Statements This Quarterly Report on Form 10-Q contains "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995 and information relating to the Company that is based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. When used in this report, the words "anticipate," "believe," "estimate," "expect" and "intend" and words or phrases of similar import, as they relate to the Company or Company management, are intended to identify forward-looking statements. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, seasonality, distribution networks, product introductions and acceptance, technological change, changes in industry practices, onetime events and other factors described herein and in other filings made by the company with the Securities and Exchange Commission. Based upon changing conditions, should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended. The Company does not intend to update these forward-looking statements. OVERVIEW SecureCare Technologies, Inc. (the "Company") provides Internet-based document exchange and e-signature solutions for the healthcare industry. The Company's proprietary technology offers workflow solutions that enable documents to be sent, retrieved, signed and remotely ...Click here to read the whole Article (external link)
SECURECARE TECHNOLOGIES INC Files SEC form 8-K, Unregistered Sale of Equity Securities, Financial Statements and Exhi
Show all filings for SECURECARE TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SECURECARE TECHNOLOGIES INC 18-Jun-2009Unregistered Sale of Equity Securities, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...Click here to read the whole Article (external link)
