Business
Aluf Holdings Letter to Shareholders
Aluf Holdings Letter to Shareholders.
About this update from Aluf Holdings, Inc.
[{"type":"text","content":"\n\n\n\nAluf Holdings Letter to Shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAluf Holdings Letter to Shareholders\nPR Newswire\nHOLLYWOOD, Fla., May 14, 2019\n\n\n\nHOLLYWOOD, Fla., May 14, 2019 /PRNewswire/ -- Aluf Holdings, Inc. (OTC PINK: AHIX)\n\n \n \n\n \nDear Fellow Shareholders,\nI am honored to be chosen by the Board of Directors as President and CEO of Aluf Holdings. As a stakeholder with you, our goals are aligned – to develop sustainable and profitable businesses that withstand the test of time.  \nFor more than a quarter century, I've been involved with technology innovation, initially with the Technology Services Division of JPMorgan Chase & Co and then as an entrepreneur and Chief Executive guiding the creation and development of COLOTRAQ.  \nCOLOTRAQ AND THE ALUF BUSINESS MODELThe recent acquisition of COLOTRAQ fits perfectly into Aluf's core competencies of acquiring, managing and advancing \"next gen\" technology companies in the Biometric, Cybersecurity, Blockchain, and Software/Hardware spaces. Our targeted business model will assist portfolio companies like COLOTRAQ in scaling and expansion initiatives to maximize value, optimize operations and improve market share.\nCOLOTRAQ's recurring revenue model, coupled with solid strategic execution, has generated profitable returns for the last 10 years. As a result of acquisitions, consolidations, and the expansion of COLOTRAQ, we are now projecting over $75 million in gross revenue within five years, with a CAGR of over 30%.\nComing from the next gen technologies at COLOTRAQ, I have a unique vantage point into market trends, supply and demand dynamics and disruption at the heart of IT infrastructure. \nAluf is ideally positioned to take advantage of these developments. \nBiometrics – Biometrics is infrastructure intensive, both from the amount of data it produces and stores as well as the level of high-availability processing and computing power it requires. Since biometric de...