InterAct Public Safety Systems, a leading provider of safety and security software for government and private enterprises, announced its acquisition of all BIO-key International’s Law Enforcement Division assets, including the MobileCop®, PocketCop®, MobileRescue™, MobileOffice™, and InfoServer™ product lines. This transaction positions InterAct as the world’s largest public safety software company, with more than 2,000 customers across three continents. As previously reported, BIO-key’s Law Enforcement Division recently entered a partnership with Nlets, the premiere interstate justice and public safety network in the nation for the exchange of law enforcement, criminal justice, and public safety-related information.

CEO of Interact Andrew J. Filipowski commented, “As a result of this acquisition, we have the unique opportunity to deliver the most advanced mobile law enforcement solution to ever hit the market, and to introduce a new population of customers to the advantages inherent in the InterAct Connections Framework. We are proud of our company’s consistent track

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“We contend a nation who taxes itself into prosperity is like a man standing in a bucket trying to lift himself by the handles.”  - Winston Churchill

Although lacking strong leadership the market has been able to push higher, albeit on lower volume.  Nevertheless, there are groups of stocks that appear to be making some headway in this market.  Security software appears to be emerging to be a leadership group, but I quickly get humbled by the fact that every emerging leadership group has been hammered.  I point to the dismal showing of the educational stocks as the last “leadership” group to take a tumble.  The other leadership will be coming from the commodities arena.  Crude oil, Grains, and Agriculture commodities are building to make a run for higher ground.  Gold and Silver continue to consolidate nicely and will benefit from the coming move in commodities.

Market Speculator

Concerned about the recent decline in stock prices, French President Nicolas Sarkozy, yesterday (Tuesday) called for the creation of European sovereign wealth funds. The funds would be virtual carbon copies of the state-owned investment vehicles that have sprung up from Beijing to Abu Dhabi to disperse their respective nations’ cash reserves in foreign assets.

Addressing the European Parliament, President Sarkozy implored his European contemporaries to embrace the current period of economic upheaval as an opportunity to restructure the global financial system. According to the Daily Telegraph, he also articulated the concern of many Western authorities that sovereign wealth funds, located primarily in Asia and the Middle East, could use their massive cash reserves to scoop up key foreign assets at extraordinarily low valuations.

“Stock markets are at historic lows. I do not want European citizens to wake up a few months from now and discover that European companies belong to

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