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AssetUS Tracking Systems

Venture

Name of Company:

AssetUS Tracking Systems

Date Founded:

April 2008

Website URL:

WWW.AssetUS.COM (under construction)

General Industry:

Healthcare Services

Specific Industry:

Asset / Record / Patient Tracking.

Company Overview:

I am a registered patent attorney (JD) and a physician (MD). I received a Notice of Allowance from the United States Patent & Trademark Office for my patent application. My invention detects, locates, identifies and stores information relating to personnel (authorized & un-authorized), intruders, assets, records and patients in hospitals, medical clinics, law offices, accounting offices, governmental offices and numerous other facilities. My invention is a basic and extensive invention in the tracking field. The tracking field is already a multi-billion dollar industry. I have five more patent applications in progress in the tracking field.

Very Short Description:

Asset-Record-Patient Tracking; RFID Asset Tracking; RFID Record Tracking; RFID Patient Tracking..

Business Model:

The development, manufacture, distribution and installation of patented asset / record / patient tracking systems in numerous facilities worldwide. My patented systems will complement and supplement the technologies of other entities / competitors already involved in the tracking / security industries.

Market Size and Description:

The tracking business is already a one to two Billion dollar yearly business. The potential hospital / medical market is estimated at 10 Billion dollars. The potential additional legal / accounting / financial / governmental markets would be at least another 10 Billion dollars. Capturing 5% of the total tracking market would yield over one Billion dollars in gross revenues. Further revenues would result from the sale / lease of new hardware, new software and new service contracts. The first year will most likely result in a net loss but it is anticipated that the second year and thereafter will result in a net profit in view of this exploding field.

Keywords:

Healthcare: Record Management; Asset Management; Patient Management; RFID asset tracking; RFID record tracking; RFID patient tracking.

Customer Targets:

Hospitals, medical clinics, law offices, accounting offices, financial offices, government offices, facilities that store expensive assets, facilities that create and/or store sensitive documents, and security companies that secure sensitive facilities.

Management Team:

R. Martin Oliveras, JD-MD, CEO & President

 

Graduate engineer, graduate lawyer, graduate physician. Former Member of the Technical Staff and Patent Staff at Bell Telephone Laboratories. Murray Hill, NJ. Since 2001 I have concentrated on inventing and patenting security systems and casino systems. My patented casino system resulted in an international gaming corporation (Lightning Gaming) registered with the SEC.

The Competition:

AssetUS Tracking Systems welcomes the existence of the competition in the tracking and security fields because they will also become our customers. Our patented asset / record / patient tracking systems will complement and supplement the competition's technologies and services.

Competitive Advantage:

AssetUS Tracking Systems is being issued a basic patent in the asset / record / patient tracking industry. I have five more patent applications in progress in these fields.. No so-called competitor that I know of has similar pending patent applications or issued patents.

Development Stage:

Startup

Number of Employees:

1-5 (will need an RFID engineer and a software programmer)

Amount Seeking:

$500,000 - 1M (to be used over six to nine months to develop product)

Outside Capital:

None to date.

Current Financing
and Sources:

Out of pocket to date. Requests for joint venture financing have been made to so-called competitors in asset / record / patient tracking and to RFID manufacturers, developers and engineers.

Current Valuation:

$2 million (estimated value of intellectual assets)

Last 12 Months Revenue:

Pre-Revenue

 

Contact Info:
R. Martin Oliveras, JD-MD
18 Brooklake Road
Florham Park, NJ 07932

Phone: 973 727 4603
ax: 973 377 1778
Email: RMOliveras@AOL.COM

 

Previous Venture

Startup Name

Lightning Gaming.

Time Spent at Startup:

3 months

Founder:

Yes

Current State of Startup:

public

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