Aluf Holdings Letter to Shareholders

HOLLYWOOD, Fla., April 4, 2019 /PRNewswire/ -- Aluf Holdings, Inc. (OTC PINK: AHIX)

Dear Shareholders,

Aluf Holdings has named a new Board of Directors to guide the company into its next generation of development.

Our newly formed Board features an impressive panel of highly-accomplished visionaries – leaders in their own industries – who bring with them extensive experience in technology development and growth to guide our acquisitions, reshape our companies' infrastructures, and propel them into the future.

The new Board maintains our core concentration of biometrics with a focus on government, healthcare and education. In addition, it has articulated blockchain technologies and identified another initial market focus on aviation. This plays well into the preclosing progress we've made toward finalizing our major acquisition in the biometric space which should be announced in the 2^nd Quarter.

We believe that biometrics is disruptive, transformative, and revolutionary. When you combine the power and portability of these ultra-identification technologies with zero knowledge storage, encryption, privacy, security and trust available through blockchain, you have a solution that is game-changing. We're going to be leading the charge of innovation while utilizing these new technologies.

We see a seamless world, one in which a "machine" handles the intricacies, allowing humans to enjoy life in far more efficient ways. Biometrics payments systems using facial recognition will facilitate commerce in online, POS and peer-to-peer payments. Biometrics security will enable only appropriately-authorized access to government buildings, airports and by law enforcement. Biometrics door locks will access hotels, homes and offices and never be lost. And everything can be locked into one single blockchain utilizing smart contracts and a custom app to deliver the proper biometrics data and solutions to the requesting source.

This is the future, and the new Board has redoubled our original goal. We are intent on becoming an industry leader through continuing acquisitions, increasing market share, building our brand, and expansion of our footprint into carefully researched markets with low-cost, high-return sales, marketing alliance opportunities, and rapid brand awareness. All of this will be done with the sole intention of strengthening our bottom line and maximizing shareholder value.

The Board members listed below represent the top of the food chain in aviation, private equity, communications, artificial intelligence, biometrics and blockchain technologies. We are now in a strong position, backed by deep experience, to leverage our expertise for optimum shareholder value.

Chairman of the Board is Donald Bennett, Vice Chairman is Ben Zandi, President and CEO of Fraport USA, and Teresa McWilliams, Interim CEO and Chief Financial Officer. Additional Board Directors are Philip Elias, President, CEO of Elias-Savion Advertising and VELOCITY World Media; Dany Bouchedid, Founder and CEO of COLOTRAQ; Lisa Marks-Canty, CEO, ChainNinja; Andrew Moore, CEO of CogxVision; Sanjay Chopra, co-Founder and CEO of Cognistx; Blaine Frederick, Co-Founder and Principal of BDIS; Benjamin Richter, Founder and CEO of Bradford Airport Logistics and Bradford Swissport Logistics; and Gary Morse, Founder, President and Chief Cybersecurity Consultant for Razorpoint Security Technologies, Inc.

Donald C. Bennett
Chairman of the Board
Aluf Holdings, Inc.

Company contact:
Teresa McWilliams, CFO
866-793-1110

SOURCE: Aluf Holdings, Inc.

Safe Harbor Statement:

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

SOURCE Aluf Holdings, Inc.

Related Links

https://alufinc.com/