-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B5+0aNvJFPqAsotSaMQ4FS2f9XjQM4gfoc+dfC1Zri+imHOndqQ8vYKrL8dWZlJ8 4fvJEtYlFVq07sUmbNr1wQ== 0000897069-07-000566.txt : 20070221 0000897069-07-000566.hdr.sgml : 20070221 20070221083213 ACCESSION NUMBER: 0000897069-07-000566 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070221 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070221 DATE AS OF CHANGE: 20070221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WIDEPOINT CORP CENTRAL INDEX KEY: 0001034760 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 522040275 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33035 FILM NUMBER: 07637423 BUSINESS ADDRESS: STREET 1: ONE LINCOLN CENTER CITY: OAKBROOK TERRACE STATE: IL ZIP: 60181 BUSINESS PHONE: 630-629-0003 MAIL ADDRESS: STREET 1: ONE LINCOLN CENTER CITY: OAKBROOK TERRACE STATE: IL ZIP: 60181 FORMER COMPANY: FORMER CONFORMED NAME: ZMAX CORP DATE OF NAME CHANGE: 19970530 8-K 1 cmw2659.htm CURRENT REPORT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 21, 2007

_________________

WIDEPOINT CORPORATION
(Exact Name of Registrant as Specified in Charter)

Delaware 000-23967 52-2040275
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)

One Lincoln Centre, Oakbrook Terrace, Illinois 60181
(Address of Principal Executive Office) (Zip Code)

Registrant’s telephone number, including area code: (630) 629-0003


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[__]     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[__]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[__]     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[__]     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 7.01 Regulation FD

        Furnished herewith as Exhibit 99 is a copy of the textual disclosure contained in slides to be used in connection with a presentation being given by the Registrant at Roth Capital Partners’ 19th Annual OC Conference on February 21, 2007.

Item 9.01 Financial Statements and Exhibits

  (d) Exhibits.

  99 Slides for Presentation at Roth Capital Partners' 19th Annual OC Conference.


SIGNATURES

                Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

WIDEPOINT CORPORATION
(Registrant)


Dated:  February 21, 2007
By:  /s/ James T. McCubbin
        James T. McCubbin
        Vice President and Chief Financial Officer
EX-99 2 cmw2659a.htm SLIDES FOR PRESENTATION

{POWER POINT SLIDE 1.}

Roth
Capital Conference

WidePoint

February 21, 2007


{POWER POINT SLIDE 2.}

Safe Harbor

This presentation may contain forward-looking information including all statements that are not historical fact regarding the intent, belief or current expectations of the company with respect to: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; and (iii) the company’s growth strategy and operating strategy. Such forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

WidePoint Logo Amex:WYY 

{POWER POINT SLIDE 3.}

Business Summary

Leading integrator &“end-to end” managed service provider of Government compliant information assurance (IA) & identity management (IDM) solutions

Helped define IA/ IDM policy(s) for federal government

Unique positioning as first Trusted Third Party with full Authorization to Operate

At nexus of several macro trends & mandates for IA/ IDM that effect Government & commercial sector alike

WidePoint Logo       Credentials, Integration & Hosted Managed Services    Amex :WYY


{POWER POINT SLIDE 4.}

The Need

Physical (e.g. writing a check)
  Confidentiality
  Limited physical access
  Data Integrity
  Inked text
  Non-Repudiation
  Cancelled check
  Identification & Authentication
  Drivers license & signature
  Privilege & Authorization
  Check for Account Validity

Digital
  Confidentiality
  Data encryption
  Data Integrity
  Hashing
  Non-Repudiation
  Digital signature
  Identification & Authentication
  CA signature
  Privilege & Authorization
  Access control lists

WidePoint Logo      Strong Authentication - Auditable Accountability    AMEX:WYY


{POWER POINT SLIDE 5.}

Our Solution

People    (Consolidate multiple credentials onto a single multifunctional device)    Work

WidePoint Logo Amex:WYY 

{POWER POINT SLIDE 6}

Current Opportunity

Homeland Security Presidential Directive 12 (HSPD-12)

Mandates a massive overhaul

  Must include digital certificates

  Back-end systems required to support strong authentication for both physical & logical access control

Identification credential can be issued only by audited providers who have completed an official certification & accreditation process

WidePoint Logo Amex:WYY 

{POWER POINT SLIDE 7.}

Federal Trust Model

(The Trust Triangle graphic)

  1. Trusted Third Parties (Credential Providers)

  2. Relying Parties (Federal, State & Local Government, Businesses & Individual)

  3. End- Entities ( Subscribers & Components) i.e. People, Entry, Servers & Net Devices, PCs, PDAs, Etc.

WidePoint Logo      Operational Today - as stipulated by & conforming with all Federal Policies    Amex: WYY


{POWER POINT SLIDE 8.}

Customer Agnostic

As we continue the deployment of our strong personal digital identities, levels of permission can be granted to any online application with a high degree of confidence.

Opening endless possibilities!

• Facility access • Credit • Employee ID • Medical information • Passport • ID card • Purchasing authority • Rewards • Insurance • Debit Marketing • Age verification • Membership • Clearance • Medical & drug benefits • School ID • Account access • Computer security • Digital signature • Data encryption •

WidePoint Logo


{POWER POINT SLIDE 9}

Credential Issuance

  1. ORC.com (on a Computer Graphic)
  2. (arrow graphic) to vetting forms.
  3. (arrow graphic) to identity form graphics (passport, social security card, state id card, and notary stamp graphics)
  4. (arrow graphic) to FedEx, UPS Postal Service Logo graphics
  5. (arrow graphic) to Computer screen graphic
  6. (arrow graphic) back to ORC.com Computer Graphic.
  7. (arrow graphic) to Begin using Certificate with Smart ID and USB memory stick device graphic.

Forced by mandate

  Oct ‘06: All federal agencies begin to issue per PIV/FIPS 201 Spec

  Oct ‘07: All federal employees & contractors must have compliant credentials

  Oct ‘08: Inter-agency systems (devices) must be operational

  Other external compliance (HIPAA/SOX, etc.) will drive national adoption

WidePoint Logo      Recurring revenue stream, currently in early stage    Amex:WYY


{POWER POINT SLIDE 10}

Market Drivers

(Bullets)

Compliance

Inter-organizational challenges

Global need for strong authentication

Proliferation of identity theft

(Surrounded by graphics that state:)

High Availability Data Center

Audited Internal Controls

e-Commerce Industry Guidelines

Customer Support Center

Certificate Practice

Secure Facilities

State-of-the-art Firewall

WidePoint Logo


{POWER POINT SLIDE 11}

A Growing Demand

(3 graphics with pictures of people with the following labels)

Federal Government
Commercial Partners & Allies
Private Sector

4.8M federal employees
+ 7.3M federal contractors
12.1M total federal credentials1
+ 25M total federal devices2
37M+ total units

$30 minimum per person3
$150 minimum per device3

1 Roth Capital estimates
2 NSA RFI
3 GSA Schedule

WidePoint Logo


{POWER POINT SLIDE 12}

Revenue Drivers

PKI federal revenue growth

PKI applications integration

PKI validation

Consulting services

Other programs and verticals

  Real ID, TWIC, etc.

  Healthcare, financials, etc.

WidePoint Logo Amex:WYY 

{POWER POINT SLIDE 13}

KEY FINANCIAL METRIC

FY 2004
FY 2005(1)
FY 2006E(2)
Revenue $5,500 $13,300 $18,000
PKI & Managed Services         --      $600   $1,800
Consulting Services         -- $12,700 $16,200
Cash     $500    $2,500   $2,800
Working Capital(3)     ($200)    $3,000   $3,800
Equity $2,400    $7,600   $7,800
Shares Outstanding(4) 16,658   25,103   47,442

Notes:
All figures in 000s.

  1)   FY’05 segmented revenues unaudited and estimated.
  2)   FY ‘06 results unaudited and estimated.
  3)   FY ‘04 working capital exclusive of $6.6M financial instrument liability.
  4)   Weighted average common shares at end of period. ‘06 figures as of 9/30/06.

WidePoint Logo Amex:WYY 

{POWER POINT SLIDE 14}

The Road Ahead

By leveraging our federally audited systems we can provide a cost effective IA/ IDM strategy for global acceptance
  Policy compliance for secure B2G - B2B - C2G - C2B transactions
  Proven Technology - NO R&D investment require
  Proven to scale

By leveraging our Government-wide integration & deployment experience we offer commercial & public markets
  Verified secure services
  Seamless integration based on over 10 years of experience
  Assurance of privacy
  Elimination of identity fraud
  Low risk solution at a managed cost to meet any budget

WidePoint Logo             We are ready TODAY             Amex:WYY


{POWER POINT SLIDE 15}

SUMMARY

Superior positioning in IA/ IDM market

Top-line growth accelerating

Large, recurring market opportunities

Anticipated `07 catalyst via HSPD-12 mandates

WidePoint Logo Amex:WYY 
-----END PRIVACY-ENHANCED MESSAGE-----