Eye Dynamics Certified As A Top 20% Performer.TORRANCE, Calif. -- Eye Dynamics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EYDY), a leading provider of health and safety products, today announced it has been certified as a Top 20% Performer based on the Past Performance Evaluation Performance evaluation The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return (PPE PPE (Brit) n abbr (Univ) (= philosophy, politics, and economics) → Studiengang bestehend aus Philosophie, Politologie und Volkswirtschaft PPE n abbr (BRIT ) (SCOL ) survey responses of its reference customers. Eye Dynamics PPE score of 94/100 demonstrates outstanding overall customer satisfaction relative to similar companies. About the Past Performance Evaluation (PPE) Program Each year, Open Ratings helps thousands of companies secure contracts with large purchasing organizations such as the GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. by verifying their performance with Past Performance Evaluations (PPEs). The customer satisfaction metrics that are evaluated include: --Reliability --Cost --Order accuracy --Delivery/timeliness --Quality --Business relations --Personnel --Customer support --Responsiveness The PPE score is based on the survey feedback of between four and twenty verified references. The Top 20% rating is relative to similar companies during the same time period. About Open Ratings Open Ratings is a leading provider of software, services and information for proactive supply management. Open Ratings solutions help companies to lower costs, reduce risks and increase profitability by reducing supply management costs and improving supply management initiatives. At the core of Open Ratings solutions is patent-pending predictive technology that provides advance notice of supplier performance and financial stability problems. For more information, visit Open Ratings on the Web at http://www.openratings.com. About Eye Dynamics, Inc. Eye Dynamics is in the business of developing and manufacturing proprietary products and services to the institutional, medical and government markets. The company is a leader in the Video ENG ENG electronystagmography. ENG abbr. electronystagmography ENG enzootic nasal granuloma. medical product market, having invented the Video ENG system and brought it to market in 1994. SafetyScope(TM), the company's latest product, is designed for the 'fitness-for-duty' screening of workers. SafetyScope(TM) is simple to use, takes only 90 seconds and does not require any bodily fluids like urine-based drug testing. It is based on the manual methods of evaluating eye responses of an individual to detect driving under impairment (DUI) used by law enforcement throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Law enforcement as well as Department of Defense applications are active research & development programs for the company. As previously announced, Eye Dynamics signed a Letter of Intent to acquire OrthoNetx (Superior, CO www.orthonetx.com), a leading provider of medical devices for osteoplastic os·te·o·plas·tic adj. 1. Of or relating to osteoplasty. 2. Relating to or functioning in bone formation. surgery and 'human data consent' technology for medical device and clinical applications. The acquisition will be completed as a stock transaction. Due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. has been successfully completed. The acquisition is subject to certain customary conditions including certain regulatory approvals. To find out more about Eye Dynamics, Inc. visit: www.eyedynamics.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward Looking Statements This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. |
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