this just in this am's email
EISQ:OTCBB .41
Electronic Identification, Inc. also known as EI2
There are rumors of a middle east announcement coming out today or
tomorrow. Here is the story: EI2 develops and markets electronic
identification issuing and authentication systems. It also provides an
intranet based framework for the issue of fraud and tamperproof ID cards
via its flagship product line, the Electronic Personnel Identification and
Control Systems (e-PICS). E-PICS and Smart ID Card allow for the rapid
development of customer specific applications that include the integration
of legacy systems. According to the latest press release, EISQ signed an
agreement with a major Arab conglomerate called International Trading
Company (ITC).
ITC is a subsidiary of the Al Hamed Group (alhamed.com), one of the largest
conglomerates in the Arab Gulf Cooperative Council (AGCC). ITC has several
wholly owned subsidiary companies including International Engineering
Technology (IET), the new technology bastion, which provides specialized
products and services in the UAE, the AGCC and other countries in the
Middle East. The Al Hamed Group of companies includes Group 4 Securitas
Emirate, a company formed in 1995 in association with Group 4
International, the world's largest security organization operating in over
43 countries. Group 4 International has been in business for more than 100
years.``With our relationship with ITC and our teaming partner, Hewlett
Packard (NYSE: HWP), and other leading technology companies, EI2 can now
proceed to close proposals that are now on the table in the Middle East,
projects that include detention facilities, non-resident workers permits,
electronic ID for millions of Hajj pilgrims and electronic visas,' said
Terry Kirby, CEO of EI2. ITC is equally excited about the new relationship.
``EI2 brings a major new revenue opportunity to ITC and its technology and
security divisions. We anticipate much interest and participation both from
governments and industry in the implementation of EI2's Smart ID Card
technology. We will begin demonstrations of the technology within 15 days
and anticipate closing contracts in the near term,' stated Abdul Kader
Diab, ITC Business Development Manager.
For more information contact the EI2 Investor Relations, John Di Cicco,
1-877-713-1900 or 604/684-8002.
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naturally..dd needed but looks interesting
tim |
