ComCam Unveils SEDNA Program
August 03 2006 - 8:48AM
PR Newswire (US)
WEST CHESTER, Pa., Aug. 3 /PRNewswire-FirstCall/ -- ComCam, Inc.
(OTC:CMCA) (BULLETIN BOARD: CMCA) has initiated a SEDNA (Strategic
Enhancement & Development of Networked Assets) business
development program to acquire assets, technologies and companies
for development. Says ComCam's CEO, Don Gilbreath, "We are
evaluating and performing due diligence on the first candidate
companies for incubation under the SEDNA program. SEDNA will
operate much like a 'mutual fund' but additionally provide
management, technology and financial assistance services to
currently under- capitalized businesses as well as early-stage
innovative entrepreneurial ventures." Gilbreath added, "SEDNA
reflects a focus on growth through acquisition and incubation. The
name Sedna comes from the Inuit goddess of the sea, from whom,
according to legend, all sea creatures were created. The name was
also used by NASA for the newest planet-like object discovered in
the solar system." ComCam, Inc. (http://www.sedna.cc/) is a
Business Development Company (BDC) as outlined in the SEC
Investment Company Act of 1940. Its BDC status enables it to raise
capital and invest in developing companies and technologies. SEDNA
will provide growth capital as well as a range of strategic,
operational and managerial resources to its partner companies to
help them develop their technologies and build value in their
businesses. SEDNA's goal is to transform resources and ideas into
new businesses, products and services. SEDNA will focus on
opportunities in the areas of mobile wireless platforms, homeland
and military security, commercial and residential Internet video
services, analytic software, strategic alternative energy, and
medical devices and services. ComCam International, Inc.,
(http://www.comcam.net/), ComCam, Inc.'s subsidiary, is its first
development effort. It offers advanced Internet Protocol (IP)
cameras, video microservers, specialized viewing software and
end-to-end network control solutions. It has worked with leading
U.S. government agencies that include the Department of Defense,
U.S. Navy, Federal Bureau of Investigation and Department of the
Interior. A number of statements contained in this press release
may be considered to be forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. These forward- looking statements involve a
number of risks and uncertainties, including timely development,
market acceptance of products and technologies, competitive market
conditions, successful integration of acquisitions and the ability
to secure additional sources of financing. The actual results the
Company may achieve could differ materially from any
forward-looking statements due to such risks and uncertainties. The
Company encourages the public to read the information provided here
in conjunction with its most recent filings on Form 10KSB and Form
10QSB. Both companies' public filings may be viewed at
http://www.sec.gov/. Contact: David Rosen V.P., Corporate
Development ComCam International, Inc. Tel.: 610.436.8089
http://www.comcam.net/ This release was issued through
eReleases(TM). For more information, visit
http://www.ereleases.com/. DATASOURCE: ComCam, Inc. CONTACT: David
Rosen, V.P., Corporate Development, of ComCam International, Inc.,
+1-610-436-8089, Web site: http://www.sedna.cc/
http://www.comcam.net/
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