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Kenneth Carnesi, a Board member and consultant of the Lazarus Organization, today answered some questions concerning the Organization’s representation of Monkeetech, LLC.

Mar. 7, 2013

Kenneth Carnesi of Garden City, NY was interviewed today concerning his recommendation of Monkeetech, LLC  to The Lazarus Organization for representation in the acquisition and management of potential investors for Monkeetech’s patent pending credit card fraud prevention system. The Lazarus Organization formally announced its representation this week.

Q. Why the Lazarus Organization?  ”I decided to introduce Monkeetech,LLC to The Lazarus Organization after reviewing their provisional patent for an ingenious and innovative credit card fraud prevention system” replied Mr. Carnesi. “The application of the system is potentially worldwide and while slightly out of the usual sphere of interest for Lazarus, I felt that this would be a comfortable fit for both parties”.

Q. What is innovative about the Monkeetech system?  ”The Monkeetech system, unlike all other patented systems, (i) employs a non-confrontational method; (ii) focuses primarily on the deterrent factor; and (iii) effectively memorializes, stores and re-uses evidence of the fraudulent transaction”. “Credit card fraud is on the rise and is costing nearly $6 billion in losses every year. I believe that widespread implementation of the Monkeetech system will severely curtail those loses and in time, may very well effectively eliminate them altogether”.

Q. What is the level of interest thus far?  ” It is very early and yet, we have seen a high level of interest within the electronic security industry and we have already spoken preliminarily, to a number of investment banking suitors”. “We remain most optimistic, but the process continues”.

Kenneth Carnesi is an Honorary Board Member of The Lazarus Organization, a private international business consultant firm with offices worldwide and is the Director of International Sales for Quality Door & Hardware, Inc. in New York.