Bionex, Inc. is a biometric security company providing solutions to remedy Identity Theft and Credit Fraud. Bionex, Inc. differentiates itself by using our (patent pending) Exigency Process. This method processes and expresses details of each person’s fingers as an unique algorithm. It is not like matching them with a stored image in a database. This process will eliminate storage of millions of individual fingerprints on databases, lower operating costs, and maximize efficiency across the entire system. Our process allows seamless integration of biometrics into existing systems. It also facilitates secure virtual transactions.

The market opportunity for this technology is huge and subject to high growth trends. For several reasons, the market for biometric identification is expected to surpass $4.04 billion in two years. Credit and identity fraud cost banks and government over $47 billion last year alone. The need for biometric technology in healthcare and transportation will grow due to the new legislation in health care and the rising security concerns associated with terrorism. Bionex offers several biometric solutions that will complement our Exigency Process. They can facilitate biometric accuracy, security, and privacy in any environment.

Biometric Access Corp (BAC), Bio Pay Identix Pay By Touch, Touch Credit and Bio Pay are potential competitors. Infineon was the latest to exit this market. Infineon’s failures were due in large part to reliance on their image enrollment system. Bionex, Inc. is able to offer several competitive advantages over the rest, such as:

1. Our solutions don’t require you to install any application or system.
2. Our products are secure and protect users privacy.
3. Our technology can integrate into OEM systems and products.

The marketing plan for Bionex is designed to attract new customers and capture new markets. Through strategic contacts we will gain positive national publicity in Wired Magazine & Business Week Magazine. Also, positive national system reviews by ZDNET, CNET, and ZDNET. Bionex aims to attract banking and financial licensing contracts by implementing complimentary testing, upgrades and POS systems. Bionex will begin retail distribution contracts with CompUSA (BestBuy), J&R Computer and J&R Computer.

Our management team has extensive knowledge in technology development and sales, marketing, finance, customer services, and financial planning. Senior executives have industry-specific expertise in fraud prevention, transaction processing, POS payment systems, and customer service. Finance Majors are well-versed within the financial services and biometric industries. He is a proven entrepreneur who is joined by a team consisting of experienced veterans from virtually all disciplines in the technology- and financial services industries.

The company projects huge sales in year three with a large net profit. Bionex is expecting to quadruple revenues to hugex4 by year five. If credit card licensing agreements are met and retail distribution contracts are not a problem, this company could be profitable by year 1.

Bionex Inc. could make capital investments in the next six-month period to allow it to improve its operations to scale up for anticipated growth.

1.1 Mission

Bionex, Inc. focuses on providing our customers with exceptional security and reliability. Three areas are the most important for data security.

• Protection Bionex&#8217’s security systems allow only those users who can be positively identified using their fingerprints. Our Exigency Process prevents data loss or theft.
• Privacy Our Exigency Process transforms fingerprints into complicated mathematical algorithms that only last fractions of seconds.
• Flexibility – Our solutions are developed to operate over any mix of network and system infrastructures, enabling seamless integration into existing systems.

1.2 Keys to Success

1. All patent applications complete and approved.
2. To fully fund proto manufacturing and development, raise capital from the private sector.
3. You can get an implementation contract from a financial institution.

1.3 Objectives

1. Receive capital injections within the first year.
2. In the third year of operation, generate huge sales.
3. BioXert verification system widely used transactional tokens by the year five.
4. To make the BioVert device the number one selling biometric device by year five.
5. To expand internationally, license and distribute products and services worldwide by year six.