WASHINGTON, Oct. 18, 2005 (PRIMEZONE) -- CTR Investments and Consulting Inc. (Pink Sheets:CIVX) has been contracted to provide technical and procedural design and implementation services for SaferKidz, a Charlottesville, Virginia-based not-for-profit organization. CTR will create the system design and implement the strategy for SaferKidz to allow this worthwhile organization to meet its mandate.
The aim of SaferKidz is to help communities around the U.S. and Canada find missing children fast. Statistically, when a child disappears and the child is not recovered in the first three hours after abduction, the child is unlikely to be found alive. Currently, quick response capability by the parents, neighbors, and authorities take four to five hours and many times it is significantly longer. The majority of the time lost is due to the collection and dissemination of the information regarding the child, including pictures, personal statistics, friends and family, and last know location. Saferkidz's mandate is to streamline this process so that information on a child can be disseminated without delay, including a 3-D picture of the missing child. The goal of SaferKidz is to reduce the time required to marshal the authorities and volunteers to 30 minutes.
The first phase of the contract is for $250,000 and phase two is expected to increase the value of the project significantly as the contractual requirements expand. Paul Palmer, president and CEO Stated: "We are excited to be involved in such a worthwhile project of such social benefit."
About CTR Investments & Consulting, Inc.
CTR Investments and Consulting, Inc. provides a family of information technology services and products used by customers in the financial, government and health care sectors. CTR's specialization is in identity information and data assurance, security and encryption technologies. CTR's major offerings are: BioKey ID identity card systems; DataSafe products/services set for capturing and securing electronic documents and information; and a line of Biometric Facial Recognition solutions.
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause CTR Investments and Consulting Inc. actual results in future periods to differ materially from those expressed or suggested herein. These uncertainties and risks include, without limitation, the inherent uncertainty of research, product development and commercialization, the impact of competitive products and patents, our ability to fund our current and future business strategies and respond to the effect of economic and business conditions generally as well as other risks and uncertainties detailed from time to time in CTR Investments and Consulting Inc.'s filings with the Securities & Exchange Commission.