I know Brad will say Huli Chicken, but let see what the market says.
This is not the PR that I hoped for, but I believe more will follow.
Subj: SAFLINK Signs $1 Million Distribution Agreement for...
Date: 7/7/99 9:34:19 AM Eastern Daylight Time
From: AOL News
SAFLINK Signs $1 Million Distribution Agreement for Australia/New Zealand And Gains Equity Stake in New Distributor
TAMPA, Fla., July 7 /PRNewswire/ -- SAFLINK Corporation, a wholly owned subsidiary of The National Registry Inc. (NRI) (Nasdaq: NRID), announced today that Triton Resources Limited, (ASX: TRE) of Perth, Australia has been named the Company's distributor for Australia and New Zealand. As a SAFLINK distributor, Triton will sell and support the Company's biometric products to other resellers in this region. Under the terms of the five-year agreement, Triton will purchase at least US$50,000 of SAFLINK software every quarter. Triton has also agreed to issue 4 million shares of its capital stock, representing approximately 4% of its issued and outstanding capital stock, to NRI to secure exclusive distribution rights lasting from two to five years based upon actual product sales thresholds achieved annually.
"We are very pleased to be entering into this partnership with SAFLINK at a time when the Australasian market for biometric technology appears to be poised for rapid expansion," said Triton Director, Mr. G.W. Hutchinson. "We consider this a very strategic investment for Triton."
"Establishing a distributor who can champion our award-winning software solutions in this key market is very important," said Jeff Anthony, CEO of SAFLINK Corporation. "This relationship will enable us to provide customers in this region with access to local support and services."
The National Registry Inc. and SAFLINK Corporation, based in Tampa, Florida, bring the Power of Biometric Identification(TM) to enterprise networks and the Internet. The Company provides cost-effective multi- biometric software solutions to verify individual identity, to protect business and personal information, and to replace passwords and PINs in order to safeguard and simplify access to electronic systems and enable new online services for customers. The Company's Secure Authentication Facility (SAF) suite of multi-biometric network security products deliver enterprise-level secure access control to a growing list of software platforms and network applications, including Microsoft(R) Windows NT(R) and Internet Information Server(R), Novell NetWare(R) and Computer Associates Unicenter(R) TNG(TM) and its Single Sign-On(TM) option. Further information is available through the Company's World Wide Web site saflink.com .
Secure Authentication Facility, SAF, SAFsite, SAFtyPIN, and SAFLINK are trademarks of The National Registry Inc. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.
SOURCE SAFLINK Corporation
CO: SAFLINK Corporation; The National Registry Inc.; Triton Resources Limited
ST: Florida, Australia, New Zealand
IN: CPR MLM
SU: TNM
07/07/99 09:32 EDT prnewswire.com
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