NEOM .022.More news.Bring the money NEOM. (COMTEX) B: Combined Patent Portfolio of NeoMedia Technologies/Secure Sour
e Technologies Boosts Ability to Combat Identity Frau
B: Combined Patent Portfolio of NeoMedia Technologies/Secure Source Technologies
Boosts Ability to Combat Identity Fraud and Support Homeland Security Programs
FT. MYERS, Fla., Aug 7, 2003 (BUSINESS WIRE) -- The combined patent portfolio
and methods developed by Secure Source Technologies, Inc. (SST) and NeoMedia
Technologies, Inc. (OTCBB: NEOM) should boost the ability of business and
government to combat identity fraud and support Homeland Security issues,
according to Jon Green, CEO of SST, which is to be acquired and merged with
NeoMedia.
Last week, NeoMedia announced an agreement in principal to acquire and merge
with Silver Spring, Maryland-based SST, including acquisition of SST's seven
enforceable U.S. and Canadian patents (see "NeoMedia Signs LOI to Acquire Secure
Source Technologies, including Patents with Homeland Security and Wireless
Industry Applications," Business Wire, July 28).
SST's patents and know-how "cover innovative and novel ways to print documents
and methods to process documents, in which both covert and overt information is
printed or otherwise available somewhere on the physical item such as product
packaging, driver's license, bills of lading, checks, passports, car titles or
virtually any printed media," said Green.
(COMTEX) B: Combined Patent Portfolio of NeoMedia Technologies/Secure Sour
e Technologies Boosts Ability to Combat Identity Frau
B: Combined Patent Portfolio of NeoMedia Technologies/Secure Source Technologies
Boosts Ability to Combat Identity Fraud and Support Homeland Security Programs
FT. MYERS, Fla., Aug 7, 2003 (BUSINESS WIRE) -- The combined patent portfolio
and methods developed by Secure Source Technologies, Inc. (SST) and NeoMedia
Technologies, Inc. (OTCBB: NEOM) should boost the ability of business and
government to combat identity fraud and support Homeland Security issues,
according to Jon Green, CEO of SST, which is to be acquired and merged with
NeoMedia.
Last week, NeoMedia announced an agreement in principal to acquire and merge
with Silver Spring, Maryland-based SST, including acquisition of SST's seven
enforceable U.S. and Canadian patents (see "NeoMedia Signs LOI to Acquire Secure
Source Technologies, including Patents with Homeland Security and Wireless
Industry Applications," Business Wire, July 28).
SST's patents and know-how "cover innovative and novel ways to print documents
and methods to process documents, in which both covert and overt information is
printed or otherwise available somewhere on the physical item such as product
packaging, driver's license, bills of lading, checks, passports, car titles or
virtually any printed media," said Green.
"Some documents manufactured today have invisible, high-density bar codes or
covert information pre-printed on them," he said. "When information is added to
the document at the time it is issued - such as the amount on a check, an
automobile title or even an individual's Will - SST's patents allow for a new
code to be created and printed on the face of the document that is the sum of
the invisible pre-printed information plus the variable data added at the time
of issue.
"For many years invisible ink alone was an effective deterrent in combating
fraud," Green said. "But today's worldwide epidemic of identity fraud requires
more sophisticated approaches, methods and technologies that employ cryptology
combined with covert materials. The result is discreet 'DNA' for a particular
document or package. SST's technology and patents, combined with NeoMedia's
technology and patents, including PaperClick(TM), provides the basis for
powerful and cost-effective solutions that are in compliance with the USA
PATRIOT Act (HR-3162), which President Bush signed into law on October 28, 2001.
"A significant post 9/11 challenge is educating businesses and consumers on
using technologically-superior weapons against fraud while not teaching
potential counterfeiters or terrorists how they work," Green added.
About NeoMedia Technologies
NeoMedia Technologies, Inc. (www.neom.com), is an innovator and international
leader in print-to-Internet and other technologies that make information faster
and easier to access, with expertise in Homeland Security and e-authentication
applications. NeoMedia markets services which link physical information and
objects to the Internet under the PaperClick trademark, and recently announced
plans to acquire and merge with Loch Energy, Inc., of Houston, an energy company
with $410 million in proven and probable reserves.
About Secure Source Technologies
Secure Source Technologies, Inc., is a provider of security solutions and a
pioneer in covert security technology for the manufacturing and financial
services industries.
This press release contains forward-looking statements within the meaning of
section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. With the exception of historical information contained
herein, the matters discussed in this press release involve risk and
uncertainties. Actual results could differ materially from those expressed in
any forward-looking statement.
PaperClick is a trademark of NeoMedia Technologies, Inc.
SOURCE: NeoMedia Technologies, Inc.
CONTACT: NeoMedia Technologies, Inc.
Charles T. Jensen, 239-337-3434
cjensen@neom.com
or
The Kaminer Group
David A. Kaminer, 914-684-1934
dkaminer@kamgrp.com
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KEYWORD: FLORIDA
INDUSTRY KEYWORD: GOVERNMENT
AEROSPACE/DEFENSE
COMPUTERS/ELECTRONICS
SOFTWARE
HARDWARE
PRODUCT
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