Sec First Intl Stock Price, News & Analysis

Security First International Holdings, Inc. (OTC: SCFR) is described in company news as a diversified holding company and technology incubator focused on emerging and innovative technologies. The company has been associated with software, information technology, augmented and virtual reality concepts, blockchain-based services, conversational artificial intelligence, and digital asset–related initiatives.

According to multiple press releases, Security First International Holdings, Inc. has operated as a South Florida-based technology incubator and holding company. Its activities have included identifying and developing technology concepts and platforms across areas such as augmented reality gaming, location-based content networks, blockchain-enabled services, e-signature security, conversational AI for business operations, and Bitcoin-related treasury strategies.

Business focus and technology incubation

Company communications describe Security First International Holdings, Inc. as a technology incubator and holding company that works with technology asset holdings and early-stage concepts. The firm has referenced a commitment to security, transparency, and technological advancement, and has highlighted its role in incubation of augmented and virtual reality technologies. It has also indicated work with independent accounting firms to appraise technology asset holdings.

Over time, the company has announced several technology initiatives under its umbrella, reflecting a focus on software, digital platforms, and blockchain-enabled services. These initiatives include a global positioned content network, augmented reality mobile gaming experiences, a virtual blockchain smartphone concept for cryptocurrency transactions, a conversational AI service for business operations, and an e-signature platform emphasizing cryptographic security and privacy. More recently, it has announced a joint venture related to a Bitcoin derivative token and a non-custodial treasury reserve model.

Digital asset and Bitcoin-related initiatives

In one press release, Security First International Holdings, Inc. describes itself as a diversified holding company with a focus on innovative financial solutions. It announced a strategic joint venture with the BTCx Developer Team, associated with BTCx, a Bitcoin derivative token. The stated goal of this joint venture is to establish a shareholder-backed, non-custodial Bitcoin treasury reserve model.

The company describes this model as a way to integrate Bitcoin exposure into its balance sheet by acquiring BTCx tokens that are backed by Bitcoin contributed by participating shareholders. These shareholders are described as being able to contribute native Bitcoin into a secure, transparent, and auditable structure managed by the BTCx developers, while retaining control over their private keys through cryptographic techniques. In exchange, they receive BTCx tokens with a stated 1:1 peg to the locked Bitcoin. The company characterizes this as aligning its digital asset strategy with decentralization and individual asset control, and as a method to obtain Bitcoin price exposure and tokenized asset flexibility.

AuthuSign.io e-signature platform

Security First International Holdings, Inc. has announced the launch of AuthuSign.io, which it describes as an e-signature platform focused on security and privacy. Company materials state that AuthuSign.io uses cryptography and blockchain technology and is based on a method referred to as Commitment to a Document Hash (CDH).

According to the description, documents are processed through a cryptographic function to generate a hash, which serves as a digital fingerprint. Users sign the hash with their digital signature rather than signing the entire document. Verification is described as being possible by obtaining the document hash and the signer’s email address, allowing confirmation that the document has not been altered after signing. The company highlights benefits such as cryptographic verification of authenticity, protection of document confidentiality by not storing content on the blockchain, and the ability to sign and manage agreements over the internet.

OptoBiz conversational AI service

The company has also announced OptoBiz, described as a conversational AI service designed to support business operations. In its communications, Security First International Holdings, Inc. states that OptoBiz provides a natural language interface that can assist employees, customers, or clients with daily activities such as responding to queries, facilitating appointment scheduling, and handling transactions.

The company describes OptoBiz as being able to adapt and learn to meet the requirements of each business it serves, and as suitable for enterprises across diverse industries. It characterizes OptoBiz as automating a range of tasks to reduce manual or repetitive work, with the intention of allowing employees to focus on other responsibilities.

Virtual Blockchain Smartphone (VBS)

Security First International Holdings, Inc. has announced a Virtual Blockchain Smartphone (VBS) concept for cryptocurrency transactions. According to the company’s description, the VBS enables smartphone owners with active service to register their device on the blockchain for wallet service. The VBS is described as carrier-agnostic and intended for activation on smartphones in the United States.

The company states that activation involves a three-step process that uses a mobile phone number and device IMEI. It has also indicated plans to airdrop small amounts of cryptocurrency to activated VBS devices and has noted that the Virtual Blockchain Smartphone is patent pending, according to its announcements.

Global Positioned Content Network (GPCN)

Another initiative announced by Security First International Holdings, Inc. is the Global Positioned Content Network (GPCN). Company materials describe GPCN as an information system where content and media resources are stored and identified by global positioning system (GPS) coordinates. Accessing GPCN content is described as requiring a mobile device with sensors such as an accelerometer, gyroscope, magnetometer, and GPS enabled.

The company explains that GPCN uses GPS coordinates as resource locators and content identifiers, similar in concept to web addresses, with content available within proximity of active coordinates. Content is arranged in GPCN hubs, which may include text, video, audio, and gaming content. Users can browse hubs by moving through active coordinates using a GPCN browser. The company has indicated plans to offer GPS coordinate registration to verified business locations and has mentioned work on pricing and currency options for businesses that want to onboard the network.

ViRiZ Go augmented reality mobile game

Security First International Holdings, Inc. has also announced ViRiZ Go, described as a location-based augmented reality mobile game. According to the company, ViRiZ Go uses GPS data to place virtual 3D objects at specified locations for discovery by users through ViRiZ virtual camera technology. The game is described as web-based, not requiring download or installation, and compatible with major mobile browsers and operating systems.

Company announcements explain that ViRiZ Go uses the Waze navigation app for object discovery, allowing users to locate and capture virtual objects through Waze search or navigation. The game has been presented in the context of events such as a virtual Easter egg treasure hunt, where users find and capture virtual eggs and share screenshots to receive virtual rewards. The company describes ViRiZ Go as part of the augmented reality gaming space and notes its integration with navigation-based discovery.

Corporate identity and name change plans

In one press release, Security First International Holdings, Inc. states that it is in the process of changing its name to "Incubar" to reflect the company’s vision and evolution. The announcement describes the company as a South Florida-based technology incubator and explains that the term "Incubar" refers to assisting startup and early-stage firms through consulting support, resource identification and referral, and educational and technical assistance. The company notes that the proposed name change would require approval from FINRA and that its ownership had not changed at the time of that communication.

Share structure and trading float concerns

Security First International Holdings, Inc. has issued communications regarding its share structure and trading activity. The company describes itself as a "non-DTC" company, and explains that in this context, brokerage firms and broker-dealers are required to hold paper certificates in custody on behalf of clients. It has reported that it consulted shareholder lists maintained by its transfer agent and obtained a non-objecting beneficial owner (NOBO) list.

Based on its review, the company has stated that some prime brokers appeared to lack sufficient SCFR shares to cover differences between what shareholders reported owning and what brokers held according to the transfer agent. It has characterized this as suggesting possible naked short selling and failures to deliver, and has indicated an intention to pursue remedies and to keep shareholders informed. In a related update, the company reported that a request by its CEO for certificate delivery of shares purchased in the open market had not been fulfilled by a prime broker within a described time frame, and linked this to its broader review of trading anomalies.

Sector and classification

Based on the provided classification, Security First International Holdings, Inc. is associated with the Software Publishers industry within the Information sector. Its described activities across software platforms, blockchain-based services, augmented reality content, and conversational AI are consistent with this classification as presented in the available information.

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