SyncPac Corporation
Technology Development Partner
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SyncPac returns to its roots.

 
SyncPac has developed technology related products for many years.  With the coming of the Internet we were given the opportunity to take a successful company public.  Unfortunately the dotCOM market crashed before we got to the pubilc offering.  SyncPac is a holding company formed from the reorganized company following that unfortunate circumstance.  We had spent about $2 million to get to the second round and had built the company up to about 60 employees which was the norm for the time.
The bust changed everything.  We were effectively shut-down.
The founder and a good number of investors continued to operate the company and to settle all accounts avoiding bankrupcy.  The net result was that the company was solvent but without funding to market its products or means to market its shares.  Over the course of the next few years we attempted to partner with other companies it the effort to create a market for our products.  We also continued to develop the products to maintain market relavance and viability with the little funding that we had.
SyncPac returned to it roots.  Developing advanced system solutions and architecture in software for companies outside our own.
Today SyncPac continues this practice and through methodical steps we continue to acquire holdings in our team partners in products we develop.  Our ultimate goal is to create value for the shareholders.
Company history
The founder started his own company in 1976 developing computer software for the emerging personal computer market. The software varied greately depending on the client.  The trouble was that you couldn't make a living as a computer engineer in rural south Georgia.
Incorporating in 1981 and providing a combination of computer engineering and commercial/government radio communications the company grew in size.  In 1988 the company introducted a product call SyncPac series telementry controllers.  They are the forerunner of the routers today.  These controllers were deployed in the USA and other countries in service as manufacturing process control applications to early warning systems for military installations.  Clients included the US Government, many state governments, foreign governments and fortune 100 companies.
 
The Internet changed the world.  The company was forced to enter the dotCOM market or be passed over by our clients.
After a very successful investment offering in 1999 the company entered the Internet market with a quality product and solid business plan on what was a niche market "small retailers".
 
The company had a quality management team with solid credentials. Then the market crashed.
 
2002
SyncPac is a holder of 66% of BizBanc LLC.  BizBanc has relationships with Wachovia, and Zions Bancorporation to provide a unique funds management model that is inexpensive as compared to card based transactions.
 
2008
SyncPac acquires 33% stake in Pridatco, Inc. a company promoting individual information data privacy.  SyncPac is providing the core achitecture and system operations.  This represents a low risk/high reward transaction with a high degree of speculation.  Pridatco is unproven but has a strong management team.  If successful our holding will be significantly diluted.  BizBanc LLC will provide the online financial transaction processes.
  
2009
SyncPac joins MDe LLC in joint software development venture.  SyncPac will provide software services and architectural, design, development for Medicare case management companies.  SyncPac will hold 50% stake in the MDe company following the successful development that is to be funded through client relationships.