Edentify and American Operations Corporation Launch New Venture To Strengthen National Security and Privacy
Posted by Terrence DeFranco on Tue, Jul 17, 2007 @ 07:15 AM
Bethlehem, Pa.
Edentify Inc. (OTC BB: EDFY), a leading provider of identity management solutions, today announced it has entered into a joint venture with American Operations Corporation (AOC), a General Services Administration (GSA)-approved provider of consulting services to federal government contractors and the federal government. AOC and Edentify have formed a new company—AOC Edentify Services, LLC (“AOC Edentify Services”) that will compete for identity management contracts, and provide identity management solutions to federal government agencies. AOC’s interest in the joint venture company, at present, is 90 percent and Edentify’s is 10 percent; however, Edentify has an option to acquire up to a 49 percent total interest in the joint venture company. In addition, Edentify has exclusive rights as a provider of identity management solutions to AOC Edentify Services for any bids for contracts within the federal government sector.
“Strong identity management is at the core of tight national security and privacy,” says Terrence DeFranco, CEO of Edentify. “Terrorism threats are at an all-time high, and criminals are becoming more sophisticated every day in their efforts to penetrate and devastate our country’s financial, identity, and security systems. Our new venture with AOC places Edentify at the heart of significant and widespread government activity in the field of identity verification and management. These activities are in support of many national security initiatives, including Homeland Security Presidential Directive No. 12 (HSPD-12). Through the solutions to be provided by AOC Edentify Services, we can assist the government in better safeguarding our nation’s citizens and defeating identity fraud, while also expanding Edentify’s entry into the federal sector and other new verticals.”
The formation of AOC Edentify Services, the headquarters of which will be located in Chantilly, Va., implements the capture plan developed by AOC in the first phase of the collaborative initiative between AOC and Edentify that began last August. The venture will use AOC’s proven expertise and services to draft proposals and secure contracts with various government organizations. The proposals will offer governmental agencies all of Edentify’s identity risk management technologies (IDAssess, IDScreen, and IDAlert) and tools from other vendors, including data aggregators, credit bureaus, authentication service companies, and biometric companies. As part of successful bids, AOC Edentify Services will utilize these tools to build a total identity management solution for those agencies.
“AOC has proven over the years to be a strong performer in the federal arena in the areas of program management and total solutions IT services,” states L. Frank Field, CEO of AOC. “When you combine AOC’s government presence on very important strategic programs with Edentify’s sophisticated identity management technology, AOC Edentify Services, LLC will have the leading edge to secure top identity management contracts in the government space. With this venture, AOC now has the expertise and tools to enter the identity management space in the federal sector, and give the government sophisticated solutions that will support Homeland Security programs.”
AOC is a prime contractor for several Homeland Security contracts, including the large Eagle IDIQ Contract. The company holds two GSA Schedules, including Management, Organizational, and Business Improvement Services (MOBIS) and GSA schedule 70 IT services contracts.
The executive team for AOC Edentify Services is led by Mr. Field, serving as Chairman and Chief Executive Officer and Mr. John E. Gorman, holding the position of President. They are joined by Mr. DeFranco, of Edentify, and Mr. Ernie Christensen, who is also a member of Edentify’s Advisory Board, to form the partnership’s Board of Governors.
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT AMERICAN OPERATIONS CORPORATION
Founded in 1983, AOC provides consulting services to Federal contractors and the Federal Government. In addition, AOC is a veteran-owned small business Federal contractor providing services through its operating subsidiaries. AOC employs 180 in-house professionals supplemented by more than 100 subject matter expert associates. AOC is certified as a small business under SIC 8744/8742 and NAICS 541613, 561210, 517310, 517110, and 541618. AOC consulting services include advance marketing, strategic support, third party performance assessments, performance-based contracting, and bid and proposal services. Government services include program management, information technology, energy and the environment, infrastructure, and A-76 conversion programs. (www.aocwins.com)
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
(610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
610) 814-6830
Email: TmDefranco@Edentify.us