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These are several options cities may use to fund an E-ViEWS Safety System:
- Homeland Security Act : $37.5 Billion allocated, of which $20 Billion is specifically designated for Transportation and Security issues.
- H.R.3: The Surface Transportation Reauthorization Bill, $295 Billion (80% Federal) August 10, 2005 This reauthorizes the Transportation Equity Act (TEA 21)
- County and State Transportation Funds
- Amber Alert Bill : almost $100 Million available
- Small Bond Issue ($100,000-$1,000,000)
- Lease
- E-ViEWS offers grant writing assistance
Note: Cities that install The E-ViEWS System should reduce their tort issues by 75% to 85%. In most cases, the system will pay for itself within three years.
E-ViEWS customer base is the 19,000 cities in the continental U.S. There are 687 cities with population above 50,000. There are approximately 16,000 cities with populations between 1,000 and 50,000. E-ViEWS's core business (85%) will be drawn from cities of 50,000 or less population. In the case of smaller cities (less than 50,000), the sales process is straight forward and normally involves a budget line or small bond issue. Several agencies can pool efforts and funding sources to facilitate incremental adoption of the systems various components.
E-ViEWS sampled 51 cities with population greater than 50,000 to determine the demand for optimized preemption systems in general and for E-ViEWS traffic management and safety products specifically. Of the 51 cities in the survey, 29 had no preemption systems. The remaining 22 cities had the OpticomTM preemption system by 3M installed at a portion of their signalized intersections. 50 of 51 cities surveyed demonstrated sincere interest in the E-ViEWS Safety System. If your city is interested there is a simple evaluation procedure to see if your community qualifies.
E-ViEWS has retained the services of Patton Boggs, the leading lobbyist/law firm in Washington, D.C. Their transportation team is led by former Secretary of Transportation Rodney Slater and comprises attorneys with strong experience in transportation and infrastructure issues. Patton Boggs is intimately familiar with the workings of Capitol Hill and virtually all transportation-related federal agencies.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," “can” and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the success and timing of this project and our future prospects.
Important factors that may cause such a difference include, but are not limited to our ability to specify, develop and complete our technologies in a timely manner; budget constraints and changing governmental priorities; the timing and successful completion of this contract; the potential unforeseen impact of product offerings from competitors and other competitive or governmental pressures; and the general economic and political conditions and specific conditions in the markets we address. Additional information on E-ViEWS Safety Systems Inc, may reflect additional risk factors that may affect our forward looking statements.
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