SCHAUMBURG, Ill., Nov. 10, 2014 (GLOBE NEWSWIRE) -- Wellness Center USA, Inc. (OTCQB: WCUI) today announced that the Center for Art Materials Analysis Inc. (CAMA) has signed an agreement with WCUI's wholly-owned subsidiary StealthCo, Inc. (dba: Stealth Mark) for exclusive use of Stealth Mark's premier technologies to combat elicit fraud, forgery, and theft within the highly targeted world of Fine Art.
The Center for Art Materials Analysis, Inc. offers expert chemical analysis of paintings and objects for the collector, dealer, gallery, conservator, appraiser, auction house, or historian. This depth of expertise, in conjunction with the unique technologies of Stealth Mark, will position CAMA in the forefront of employing unique, secure, and accurate methodologies for assuring transactions of highly-valuable pieces of art, such as paintings, sculptures, artifacts, prints, documents, and more, remain free from fraud and deception.
Dr. Kenneth J. Smith Ph.D., President of the Center for Art Materials Analysis, commented on the agreement stating, "When the Center for Art Materials Analysis went through the process of finding a technology provider for the tools to provide definitive identification of artwork, addressing issues such as art loss and tracking of objects, Stealth Mark was the clear choice with the suite of technologies offered for our application."
According to the terms of the agreement and purchase order, the relationship between Stealth Mark and CAMA commences immediately. Accordingly, Stealth Mark has granted CAMA usage license to its technology, and its StealthFire™ suite of security software, including cloud, PC, and mobile applications. These applications, in conjunction with Reader hardware also being delivered under the program, will provide CAMA complete capabilities for structure and control of their art security program, including assignment controls, comprehensive analysis tools, and forensic-level reporting. In addition, Stealth Mark will be providing security labeling, customized to CAMA, for a variety of artwork transactional purposes, including identification and tracking.
Stealth Mark will also provide consultation services and partner with CAMA in regards to the overall program design, both currently and as the program expands. As per the agreement with CAMA, certain matters, including additional security features pertaining to use of the technology within the program, are being treated in a confidential nature.
"We feel our products and capabilities are well-suited to the actions envisioned by CAMA and are delighted to establish this relationship with such a highly respected organization," states Rick Howard, CEO of Stealth Mark. "Art has long been a seductive and lucrative target for fraud and forgery, and we're very excited to support CAMA in their efforts towards curbing these criminal activities by utilization of our technologies."
As stated in a recent article on CNN, "Today's booming international art market creates a near-irresistible draw for attic-raiders and flea market-shoppers hoping to win big—and seductive target for fraudsters and forgers, too. Currently, the U.S. Department of Justice lists art crime as the world's third-highest-grossing criminal trade – only behind drugs and arms dealing".
StealthMark™ technology is applicable to wide-ranges of industries affected by counterfeiting, diversion, and theft including: Pharmaceuticals, Defense, Automotive, Electronics, Technology, Consumer and Personal Care Goods, Designer Products, Beverage/Spirits, and Aerospace, and many others. In 2012, counterfeit Auto Parts accounted for $4 billion in the US and $12 billion globally, Electrical Parts were $15 billion, and Personal Care was $4 billion in the US. Furthermore, over 8% of the medical devices in circulation are counterfeit, Aerospace & Defense accounted for 520,000 counterfeit parts in the US, and greater than 5% of wine sold on the secondary market is counterfeit. More information on market data can be obtained by clicking on the following link: http://www.havocscope.com/tag/art-theft/
About Wellness Center USA, Inc.
Wellness Center USA, Inc. (www.wellnesscenterusa.com) is a hybrid healthcare company that combines best in class technologies, software, devices, providers, protocols, goods, and services. It was created to address important healthcare and wellness needs via breakthrough solutions, all centered around the "well-being of the body and mind". Wellness Center USA, Inc. is the parent company of three businesses reporting consolidated: Stealth Mark, National Pain Centers, and Psoria-Shield.
About Center for Art Materials Analysis Inc. (CAMA)
The Center for Art Materials Analysis, Inc. (www.camaonline.net) located in Downers Grove IL, offers expert chemical analysis of paintings and objects for the collector, dealer, gallery, conservator, appraiser, auction house or historian. From sample preparation through sample analysis and interpretation of results, scientific analysis provides objective data that aids in authentication efforts, art research and in choosing appropriate conservation methods.
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CONTACT: At Wellness Center USA, Inc. Tel: (847) 925-1885 www.wellnesscenterusa.com Investor Relations Contact: Arthur Douglas & Associates, Inc. Arthur Batson Phone: 407-478-1120 www.arthurdouglasinc.comSource:Wellness Center USA, Inc.