SOURCE: Sequiam Corporation

July 11, 2006 09:08 ET

Sequiam Biometrics Signs 10-Year Distribution and Marketing Agreement With Quasar Group, Inc.

ORLANDO, FL -- (MARKET WIRE) -- July 11, 2006 -- Sequiam Corporation (OTCBB: SQUM), through its wholly owned subsidiary Sequiam Biometrics, Inc. (http://www.sequiambiometrics.com), a leading provider of biometric technology and services, announced today that the Company has signed a 10-year distribution and marketing agreement with The Quasar Group, Inc.

The Quasar Group, Inc., located in Golden, Colorado, is an international holding and investment company focused on financing and developing proprietary technologies either through investment in early and growth stage businesses or through the creation and establishment of new business operations.

According to the terms of the agreement, Sequiam Biometrics and The Quasar Group will form a new corporation in Switzerland to promote the distribution and marketing of Sequiam's biometrics products in Europe and the Middle East. The duration of the agreement is from July 6, 2006 to July 6, 2016.

"We believe that Sequiam has created one of the first biometrics technologies that is high in quality yet cost-effective to produce. It provides a new level of security for individual consumers and small businesses, as well as addressing corporations and government agencies in law enforcement, national security, and defense throughout Europe and the Middle East," said David R. Allen, Chairman, President and CEO, Quasar Group Inc. "Through our joint venture, Quasar can provide the international expertise and financial base to develop numerous distribution channels for Sequiam products."

Nicholas VandenBrekel, CEO and Chairman of Sequiam, stated, "This agreement with The Quasar Group is a strong endorsement of the importance of our technologies in meeting security needs in today's world. Our joint commitment to a 10-year partnership signals the long-term vision and financial potential of this partnership."

About Sequiam Corporation

Headquartered in Orlando, Florida, Sequiam Corporation develops, markets, and supports a portfolio of highly robust proprietary security, OEM and Biometric solutions. In addition, Sequiam provides research and development services for the biometric industry worldwide. Sequiam's solutions incorporate low-cost, high-volume manufacturing processes indicated for the consumer and small business markets. Sequiam is a global company with offices in Taiwan, China and South Africa. For more information, please visit www.sequiam.com.

About Quasar Group, Inc.

Quasar Group Inc. (www.quasargroup.com) provides both capital and strategic business services to its portfolio companies. These include marketing and international distribution services to accelerate their product or service market penetration. Through a subsidiary, Quasar International, LLC, Quasar develops overseas distribution channels in markets in Europe, Asia and the Middle East.

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."

Consulting For Strategic Growth1, Ltd. ("CFSG1") provides Sequiam Corporation with consulting, business advisory, investor relations, public relations and corporate development services. Independent of CFSG1's receipt of cash compensation from Sequiam, CFSG1 may choose to purchase the company's common stock and thereafter liquidate those securities at any time it deems appropriate to do so.

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