SOURCE: Dynamic Media Holdings, Inc.

October 15, 2008 09:15 ET

Dynamic Media Holdings, Inc. Discusses Business Development Plan and Announces New CEO

MANALAPAN, NJ--(Marketwire - October 15, 2008) - Dynamic Media Holdings, Inc. (PINKSHEETS: DYMH) announces the recent acquisition of Evermedia Biometrics Corporation has also brought with it new management and the addition of new board members. Jonathan Sym has been named to become the new CEO and President of Dynamic Media Holdings, Inc. Although Mr. Sym has not officially taken his new position as CEO, he has already put forth several initiatives to strengthen the company's desire to be a significant player in the biometrics sector. During a recent meeting with management and consultants of Dynamic, Mr. Sym emphasized the need to partner with academia, corporations and government agencies to further biometric research, particularly in the field of identification management, authentication and verification. "I believe the most robust applications for biometrics will be in the area of ID management. The days of PINs and Passwords are numbered as more and more individuals and businesses look toward biometrics to fill their security needs," said Mr. Sym. "In order for Evermedia to become a leader in this space, we will work side by side with forward thinking universities and research centers, government agencies and talented individuals. It's through these types of partnerships and alliances that will allow us to flourish. My primary goal will be to secure these relationships and build meaningful applications that will provide superior security tools to individuals, corporations and the United States." "We are very fortunate to have Jonathan's (Sym) leadership in the company and to work with him and firmly position Evermedia in the very fast growing sector of biometric technology. We share his vision, enthusiasm and patriotism as well as his entrepreneurial spirit," said Bruce Schoengood who will continue with Dynamic in the position of Chief Operating Officer.

As reported by Washington Technology, within the public and private sectors, spending on biometric technologies will more than double to $7.3 billion globally by 2013, up from $3 billion in 2008, according to London-based ABI Research. As recently announced by the DOD, the Pentagon gave the Defense Department's biometrics-related efforts a high-profile status normally reserved for the military's most expensive weapon programs, according to documents and sources. The goal is to "ensure that development, acquisition, and fielding of biometric capabilities across (DOD) supports common, joint and service-unique requirements" and to "provide a framework in which biometrics developers and users can program and budget sufficient resources to support DOD biometrics needs."

Jonathan Sym is a graduate of the School of Management at Boston University and was a teaching assistant at Harvard University where he also pursued graduate studies in education and the arts. Lieutenant Commander Sym received a reserve commission in the United States Navy in 1999 and was recalled to active duty in 2003, serving in the Republic of Macedonia, Kosovo, Guantanamo Bay, Cuba and other duty stations. He received an Honorable Discharge from active duty and continues to serve in the reserves to this day. He is also a former Merrill Lynch Financial Consultant and investment banking consultant.

About Evermedia Biometrics

Evermedia Biometrics Corporation develops iris recognition applications using proprietary, patent-protected biometric technologies. The Company develops highly accurate physical access control and ID management solutions. It holds exclusive worldwide rights to license and develop iris recognition technologies and has two U.S. and four international patents.

About Dynamic Media Holdings, Inc.

Dynamic Media Holdings, Inc. will continue to aggressively expand as it plans to introduce new products to the marketplace. In addition to its media and creative development divisions, the company is executing a strategy of using its core products to springboard and launch a diverse array of ancillary products thereby maximizing its product branding and potential. Visit www.dymholdings.com for more information.

Forward-Looking Statements:

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.

Contact Information

  • For more information:
    Investor Relations
    Dynamic Media Holdings, Inc.
    (732) 786-8044
    Email: Bruce@dymholdings.com