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Royce Biomedical Inc. OTCBB: RYBO through its wholly owned subsidiary, Smart-tek Communications Inc. (SCI) is a market leader in integrated security, voice and data communication systems. The company is on track for record revenue. Investment Highlights On pace for record revenue for fiscal year 2006 since the acquisition of Smart-tek Communications.
About Royce Biomedical Inc (OTCBB: RYBO) Royce Biomedical Inc. through its wholly owned subsidiary, Smart-tek Communications Inc. (SCI) is a market leader in integrated security, voice and data communication systems. Located in Richmond, British Columbia, SCI specializes in the design, sale, installation and service of the latest in security technology with proven electronic hardware and software products.
SCI's continued growth and success is a direct result of providing a consistently superior product at competitive pricing to both new and existing clients. SCI's stellar client retention is in itself a testimonial to the overall excellence of the product designed and installed. SCI is a market leader in integrated security, voice and data communication systems. SCI provides seamless integration of the latest in security technology with proven electronic hardware and software products. SCI specializes in integrated security and communication systems for commercial and governmental organizations typically located in commercial office buildings and properties located in Western Canada. The Company’s products and services sold include the design, sales, installation and service of:
SCI has positioned itself as a leading security and low voltage systems provider in the Greater Vancouver area, currently supplying over 45% of new construction projects in the downtown core alone. SCI has also positioned itself as one of the outstanding integrated security and surveillance system providers in Western Canada. SCI provides its clients with a complete range of security solutions, and their clients do not have to settle for a "one size fits all" approach. SCI has the resources and expertise to develop creative security solutions programs tailored specifically to each client's business, and they leverage their core competencies to create unparalleled customer value. Clients include:
SCI's competitive advantages are derived from management's past performances with general contractors, electrical contractors, electrical engineers, architects and end users. The Company's flexible work force, its' reputation, relationships and design build capabilities have given them the ability to compete with and win business from larger firms in the Western Canada market. Market An independent consultant’s report confirms that hosting the 2010 Olympic and Paralympics Winter Games will provide major economic benefits to British Columbia. The report by InterVISTAS Consulting Inc. incorporates more recent data on the timing and amounts of Olympics spending. “This study revisits our original analysis, validates the general approach and adjusts some of the parameters so the predictions are as accurate as possibble,” said Ted Nebbeling, Minister of State for 2010 Olympic Bid. “The numbers are virtually the same: Combined with an expanded convention centre, the Games will mean up to $10 billion in total economic activity, more than 200,000 total jobs and $2.5 billion in tax revenues." The study shows that, when combined with independently measured impacts from an expanded Vancouver Convention and Exhibition Centre, hosting the 2010 Games could:
“This is a once-in-lifetime opportunity that will have a tremendous impact on our industry,” said Rod Harris, CEO of Tourism BC. “We need to make the most of the benefits that hosting an Olympics Games presents.” “This study provides valuable insight into the potential benefits of the Games,” said Jock Finlayson, executive vice-president of the Business Council of B.C. “Hosting the Games will bring new money into the province that can help to jump-start our economy.” “The report shows there are opportunities for businesses all over the province and in every sector of the economy to benefit from hosting the 2010 Games,” said John Winter, president of the B.C. Chamber of Commerce. “We owe it to the future economic success of the province to throw our support 100 per cent behind the Vancouver 2010 bid.” “From a labour perspective, we are looking for opportunities for our members,” said Tony Tennessy, past president and director of the International Union of Operating Engineers, Local 115. “This study clearly indicates that the Olympic bid is all about jobs, jobs and more jobs, with 10 to 12 years of economic growth.” The business community across North America is very concerned about workplace security. As a result, the demand for security services has increased substantially in the past few years. In the past, workplace security meant a guard in an office building to protect against the theft of company assets such as computers and corporate information. Little attention was given to protecting a company's most valuable asset - its people. In light of the 9/11 and Oklahoma City attacks, more and more employees will put pressure on their employers to improve security. Today, security systems exist in most commercial facilities in Canada although there is some concern that these systems are not being used effectively. For example, while access control systems can limit access to only employees and authorized visitors, most office buildings allow free and open access anywhere during normal business hours. The potential security risks associated with this approach are obvious. According to Bob Williams, Vice President, Ivensys Energy Management's Commercial Property Unit, the future of skyscrapers is highly dependent on the integration of building systems. "A facility manager needs one asset which runs as efficiently as possible, a 'smart' building that tenants know is safe and secure," says Williams. "Since 9/11 high-rise tenants are much more knowledgeable about building systems and security than ever before, and more demanding, and building owners have more financial pressure on them because of declining vacancy rates." He adds that if a building is not meeting tenants' needs, the tenants are going to move to another building where building system integration will be a priority. "We are a culture of cities," says Williams, who cites a statistic from the Institute of Chartered Surveyors in London that says fully one-quarter of the entire world's population will live in cities, by 2025, and half of that will live in high-rises. Recent Press Releases June 29th Smart-tek Communications, Inc. Successfully Completes Fraser Wharves Contract June 13th Smart-tek Communications, Inc. Successfully Completes Parkwest I and Two Parkwest Building Contracts June 9th Royce Biomedical Inc. Launches Corporate Website www.smart-teksolutions.com May 26th Smart-tek Communications, Inc. Awarded One Harbour Green Building Contract April 26th Smart-Tek Communications, Inc. Awarded Iona Building Contract April 19th Royce Biomedical, Inc. Completes Acquisition of Smart-Tek Communications, Inc.
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SCI has positioned itself as a security systems leader in the Greater Vancouver area, supplying over 45% of new downtown core construction projects. Valued customers include major developers, general and electrical contractors, hospitals, Crown Corporations, law enforcement agencies and retail facilities. Projects range from high-end residential and commercial developments to system upgrades and monitoring contracts.