Howard Gunn

North Richland Hills, TX (USA)
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BST Technologies

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Location: North Richland Hills
Industry: Telecommunications
Year Founded: 2005
Number Employees: 1-10 people
Description: Currently looking for $500k in small business funding in order to sell and deliver new breakthrough security product line to our existing accounts and expand our distribution through Gold Certified Software Partner relationship with Microsoft and HP. Our plan is to bundle our unique SafeSite suite and MSA sensors as a Windows 7 cloud service to rapidly expand our commercial site security service. BST Technologies, founded in 2005 is located in North Richland Hills, TX. It had gross sales of $1.4M in 2009 and EBITDA of $150,000. During the recession, the Company has lost its largest service contract when American Airlines consolidated operations and insourced our security service operation to Tulsa. The company is currently surviving on mail order catalog and eStore product sales while jointly developing the SafeSite product family with MSA (a billion dollar per year safety and sensor product supplier in the oil, gas and coal industry). BST has an extensive security/safety account list including most 3 letter federal security agencies, many large municipal law and early responder organizations including the Dallas, Fort Worth and Arlington fire/police departments. We also support numerous industrial accounts in the oil/gas industry and a number of manufacturing and production families that acquire our safety and security products and various calibration and certification services. We have a unique new exclusive distribution right to the MSA SafeSite product line and new wireless mesh security monitoring service platform. These rights include private labeling and customization. The current BST owner/founder and key tech staff will stay on. The original owner serves as new VP Sales and Marketing In the Building Automation (BA) and Information Security (IS) systems business. A new experienced retail, ecommerce management team has been attracted to guide the launch and expansion (Charles Edmonds, Howard Gunn, Mark Southerst). Security and software technology gurus (Dr. Ali Farmehr, Phil Mattios) will come on board through exclusive consulting agreements to lead the market breakthrough in Identity and Cloud security service applications. The will become permanent members of the Company over the ensuing six months. Here are a few other important details: We're mainly interested in these types of funding: -Equity Funding (Venture Capital, Angel, Private Equity, etc.). We will consider convertible debt and sweeteners for debt with viable repayment terms. -We currently look to sell and delivery over $3m of the new BST/MSA SafeSite product line over the next six to nine months. -We are the only current US supplier of this type of sensors and control. The current generation of products support 6 to 10 industrial tests, versus the 128 test that the SafeSite handles. These tests include nuclear, biological and explosive detection, air monitoring in addition the normal industrial chemicals. The new system is the first to have passed the Home Land Security validation testing for critical infrastructure. Because of the relatively sophisticated sensing, monitoring and critical life impacting nature of these sensors, we do not expect any of the general purpose building automation suppliers (Johnson Controls, Lenox, Honeywell...) to enter the sensor or control manufacturing. The new funds will primarily be used for the following: -New Business Orders (BST) to market and support the next generation industrial security replacement product line and new WMD security screening commercial site service platform. Complete private label roll out for both Building Automation and portable/mobile capacity for early responders and post event management. -Operating/Growth and Working Capital (Payroll, Sales & Marketing, etc.) -Integration of MSA SafeSite with Microsoft/HP universal communications, RAE system and Microsoft BPOS Cloud/SaaS supply chain Dynamics suite for general industrial and commercial site deployment within a year. Please let me know if you are interested in providing the funding that we are seeking. All offers considered. Additional funding opportunity after MSA/Microsoft integration Please let me know if you are interested in providing the funding that we are seeking. All offers considered. Additional M&A and rapid expansion funding opportunity will occur after MSA/Microsoft/HP integration and Web SCADA repository service is available.