SENSE Holdings Retains China Direct, Inc. to Assist the Company in Its Acquisition Strategy.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- SENSE Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SEHO), a developer of next generation biometric and explosive detection Explosive detection is a non-destructive inspection process to determine whether a container contains explosive material. Explosive detection is commonly used at airports, ports and for border control. security technologies for government and commercial security applications, has retained China Direct, Inc. (OTCBB:CHND), a diversified management and consulting organization servicing Chinese entities. Sense management desires to increase shareholder value while pursuing its long term business objectives. In coordination with China Direct, Sense Holdings will seek to formulate a comprehensive acquisition plan to secure an accretive acquisition Accretive Acquisition An acquisition that will increase the acquiring company's EPS. Notes: As they are expected to increase the acquiring company's future earnings, these acquisitions tend to be favorable for the company's market price. partner. Sense Holdings, Inc. will continue to pursue a joint project with Oakridge Laboratories to develop innovative explosive detection applications. The company's financial commitments related to the Oakridge project have decreased as Oakridge will assume current financial obligations associated with the project. Sense Holdings, which retains commercialization rights to the project, remains an active partner in the goal of producing MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. (micro-electromechanical systems) based explosive detection applications. Sense Holdings will seek to acquire a profitable Chinese entity while it continues its partnership with Oakridge to commercialize various explosive detection applications. The company plans to explore opportunities in which current shareholders will retain ownership of the intellectual property as well as a majority of the commercialization rights for its MEMS based explosive detection applications. Dore Perler, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Sense Holdings, explained, "Our Company has invested substantial resources to commercialize various explosive detection technologies. While we remain committed to the future potential of MEMS based applications, our current situation dictates that management develop a plan for a profitable future for Sense in 2007 and beyond. We believe a well crafted acquisition plan could enable our shareholders to benefit from the ownership of the intellectual property as well as a new, profitable business acquisition." Mr. Perler concluded, "We believe, in coordination with China Direct, Sense can identify an acquisition with a Chinese entity at a valuation which will be favorable to our current shareholders. All in all, we believe that this strategy will enhance the success of the company in the years to come and bring value to our shareholders." About Sense Holdings, Inc. SENSE Holdings is a developer of next-generation biometric identification Noun 1. biometric identification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or systems, and nanotechnology-based micro-sensor technologies for government, military and commercial security marketplaces. The Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , SENSE Technologies, deploys proprietary biometric technology based on advanced fingerprint technology and biometric integration to create a range of solutions for prisoner identification, time and attendance, access control applications and other markets. SENSE's major customers include the U.S. Army, the U.S. Department of Corrections, American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the and others. A second wholly owned subsidiary, MSTI MSTI Main Science and Technology Indicators MSTI Miniature Sensor Technology Integration MSTI Miniature Seeker Technology Integration MSTI Mike Scioscia's Tragic Illness (blog) MSTI Miniature Space Technology Investigation , is an emerging nanotechnology-based explosives detection technology development division developing a pipeline of advanced bomb detection technologies, including a prototype handheld explosive detection wand device for homeland security applications in airports and other security checkpoints. This handheld detection alternative is designed to be a cost-effective solution with extremely high detection sensitivity and real-time operability Operability is the ability to keep a system in a functioning and operating condition. In a computing systems environment with multiple systems this includes the ability of products, systems and business processes to work together to accomplish a common task such as finding and . Currently, a proof-of-principle prototype is undergoing further research and development at the U.S. Oak Ridge National Laboratory Oak Ridge National Laboratory (ORNL) is a multiprogram science and technology national laboratory managed for the United States Department of Energy by UT-Battelle, LLC. ORNL is located in Oak Ridge, Tennessee, near Knoxville. . For more information about Sense Holdings, please visit http://www.senseme.com. About China Direct, Inc. China Direct, Inc. (OTCBB:CHND) is a diversified management and consulting organization servicing Chinese entities. Our mission is to create a platform to empower medium sized Chinese entities to effectively compete in the global economy. As your direct link to China, our Company serves as a vehicle to allow investors to directly participate in the rapid growth of Chinese economy. China Direct acquires a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Chinese entities, providing support to develop and nurture these entities as they seek to emerge into global enterprises. Our platform will allow medium sized Chinese entities to successfully expand their business globally. For more information about China Direct, please visit http://www.cdii.net. 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. Statement Certain of the statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "forecast," "anticipate," "plan," or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties and risks, including those relating to the Company's ability to grow its business. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission. |
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