Dear Fellow Shareholders,

I am honored to be chosen by the Board of Directors as President and CEO of Aluf Holdings. As a stakeholder with you, our goals are aligned – to develop sustainable and profitable businesses that withstand the test of time.

For more than a quarter century, I’ve been involved with technology innovation, initially with the Technology Services Division of JPMorgan Chase & Co and then as an entrepreneur and Chief Executive guiding the creation and development of COLOTRAQ.


The recent acquisition of COLOTRAQ fits perfectly into Aluf’s core competencies of acquiring, managing and advancing “next gen” technology companies in the Biometric, Cybersecurity, Blockchain, and Software/Hardware spaces. Our targeted business model will assist portfolio companies like COLOTRAQ in scaling and expansion initiatives to maximize value, optimize operations and improve market share.

COLOTRAQ’s recurring revenue model, coupled with solid strategic execution, has generated profitable returns for the last 10 years. As a result of acquisitions, consolidations, and the expansion of COLOTRAQ, we are now projecting over $75 million in gross revenue within five years, with a CAGR of over 30%.

Coming from the next gen technologies at COLOTRAQ, I have a unique vantage point into market trends, supply and demand dynamics and disruption at the heart of IT infrastructure.

Aluf is ideally positioned to take advantage of these developments.

Biometrics – Biometrics is infrastructure intensive, both from the amount of data it produces and stores as well as the level of high‐availability processing and computing power it requires. Since biometric devices are typically deployed at “the edge,” we see this creating a sustainable avalanche of demand for highly‐secure data center infrastructure services as big data requirements meet edge computing. Furthermore, as cybercrime continues to grow exponentially, biometric devices will become the next big target for cyberhackers.

According to Grand View Research, the global biometrics market will reach $59 billion by 2025 with a CAGR of 19.5%.

Blockchain – Blockchain is driving profound change in IT Infrastructure, including blockchain for biometric tracking. As blockchain becomes more widely used by enterprises of all sizes and market caps, demand for data center deployments at the edge will increase. At COLOTRAQ, we’ve integrated Blockchain Solutions that design, deliver and implement world class Blockchain and Distributed Ledger Technology for mid‐market and enterprise clients.

The World Economic Forum puts the Blockchain market at $20 billion by 2024 with a CAGR of 80.2%.

Cybersecurity ‐ Cybersecurity vulnerabilities are now a major decision driver for enterprise‐ wide IT infrastructure and network services deployments. COLOTRAQ’s Cybersecurity Practice Group is geared to assess vulnerabilities in existing IT infrastructure and implement a comprehensive suite of cybersecurity services.

Global Market Insights sees the global cybersecurity market at $300 billion by 2024, growing from $120 billion currently for a CAGR of over 20%.


Aluf focuses on outstanding businesses with extensive product, service and software capabilities. These companies could be bursting at the seams with fulfillment capabilities and require only access to the right clients and strategic investments in revenue generating activities. By leveraging synergies across our portfolio companies, Aluf can unleash the power of cross‐pollination and propel our businesses into the future.

I am excited by the opportunities in Aluf’s markets. As we execute our strategy, we will operate under disciplined capital allocation principles designed to promote the growth and development of our portfolio businesses, maximize value for our shareholders and ensure the prudent use of capital.

During the first quarter, Aluf has achieved major milestones in strategic growth by identifying additional solid acquisition targets and increasing our portfolio. We’ve added new members to the Board, named new executive leadership, including my recent appointment, and received our first round of funds from our $4 million Private Placement.

The next several months promise remarkable results as we take the company from no revenue to sustainable growth and profitability, including:

  • The completion of the $4,000,000 capital raise from our Private Placement;
  • Finalizing the capital raise for traditional M&A debt financing to:o Close/consummate the CSPA of the Biometric acquisition target (projected gross revenues over the next five years total over $100 million);o Capitalize planned growth initiatives for COLOTRAQ;

o Provide additional working capital to support growth initiatives for our planned Biometric acquisition, purchase additional revenue‐generating IP assets, and other corporate initiatives such as completing annual audits for Aluf and subsidiaries, filing a registration statement, and taking steps toward up‐listing off OTC Pink Sheets.

We are doing everything in our power to put Aluf in a position of strength. We will need your support and patience while doing so. I am confident that we will succeed for three reasons: our team, our technology, and our global network.


My sincerest appreciation to Aluf’s employees and Board of Directors for their commitment and passion to move this company forward. I’ve found inspiration in their expressions of support and offers of help. We have work to do, but we’ve identified clear opportunities for growth and are addressing them with focus and energy. We are executing the plan we’ve laid out to create value for our people, for our clients, and for you. It remains more about what we do than what we say.

Thank you for the opportunity to earn your confidence and trust.

Dany Bouchedid

President and Chief Executive Officer Aluf Holdings Inc.

Founder, President and Chief Executive Officer COLOTRAQ


This release includes “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward‐looking statements. Investors are cautioned that forward‐looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward‐looking statements are reasonable, it can give no assurance that such expectations or any of its forward‐looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company’s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company’s suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.