QualityStocks would like to highlight TransBioTec, Inc. (OTCBB: IMLE), maker of a high technology, state-of-the-art sensorthat detects alcohol levels via the vapors that emanate from the hands. As either a retrofitted or factory built-in device,the steering wheel of any vehicle becomes the sensor platform. When a driver grasps the steering wheel, the ultra-efficientsensor detects the vapors and determines the precise contents of those vapors, in terms of alcohol level. This information is instantly translated into an engine "start" or "no-start" state.
In the company’s news last week,
TransBioTec announced the appointment Scott Painter to the position of Chief Executive Officer. Mr. Painter has a highlysuccessful track record as an experienced CEO, growing businesses, raising capital, developing management teams, formingstrategic partnerships, in addition to mergers and acquisitions.
The appointment, officially made by the Board of Directors May 1, 2012, is in conjunction with the development and deploymentof TransBioTec’s new transdermal alcohol sensing technology, called SOBR. The patented system combines a non-invasive alcoholsensing technology with an ignition interlock system that functions through transdermal biometric feedback. SOBR sensesethanol alcohol via sweat secretion from the hands. The blood alcohol detection technology and the ignition interlock deviceare connected through a microprocessor. The result is the first product on the market that is neither intrusive nor invasive,able to be fitted to any vehicle while keeping crucial aesthetic appeal for the general population. As such, it offers aunique solution to the national drunk driving epidemic.
Scott Painter has an impressive career of building business, beginning out of college in the insurance industry where heworked in Seattle for Sun Life of Canada, the world’s 10th biggest insurance company. He took the Seattle agency from 52ndplace out of the company’s 55 agencies to 4th place, making it one of the company’s most successful agencies.
He then created Painter Financial Group, Ltd., a retail broker/dealer, which he grew as CEO from a startup to 50 officesnationwide, with 485 brokers and $80 million in sales. He then sold the company to UK’s Bekhor International
Scott then co-founded and served as Managing Partner of Chanen Painter & Company, Ltd., a boutique investment bank inSeattle. The company managed financings for a wide variety of technology enterprises and other businesses, a number of whichare today traded on the NASDAQ exchange.
In addition, as CEO of Bogart Golf, a retail indoor golf training firm, he raised venture capital, built out a managementteam, opened 16 training centers in four states, and took the firm to profitability in 22 months. He later helped a team withanother company in commercializing architecture for networking and VoiP, becoming company Chairman and CEO, creating abusiness strategy, recruiting management, and raising $5 million to establish the company’s sales and revenue stream.
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