to all, sylan deal
gw
Headline: Identix, Sylvan Consummate Definitive Agreement Forming Joint Venture
======================================================================
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 29, 1997--Identix Inc.
(ASE:IDX), a leader worldwide in live-scan systems and biometric
identification verification systems, and Baltimore-based Sylvan
Learning Systems Inc. (NASDAQ NM:SLVN) jointly announced Wednesday
that they have consummated a definitive agreement forming a joint
venture company to be called Sylvan/Identix Fingerprinting Centers
LLC.
The purpose of the joint venture is to provide full ten-print
fingerprinting services at Sylvan Learning Systems testing centers
nationwide. Optically-scanned fingerprints will be taken with
Identix's TouchPrint 600 live-scan system at Sylvan locations.
Identix and Sylvan each hold a 50 percent interest in the joint
venture company.
Initially, Identix's Identification Services Division will
subcontract equipment installation, maintenance and support and
train Sylvan personnel to provide the fingerprint services.
Ultimately, the Identification Services Division will operate under
the joint venture. The joint venture will begin by supplying
fingerprint services to Illinois State agencies under an existing
contract with the Illinois State Police.
Sylvan Senior Vice President/Strategic Development Chris Nguyen
commented, "This joint enterprise represents a creative synergy
between Identix's established technologies and Sylvan's established
testing resources, both in scope and expertise. We look forward to
a mutually fruitful relationship."
According to Identix Chairman, President and Chief Executive
Officer Randall C. Fowler, "Our agreement with Sylvan provides the
opportunity to service a broad spectrum of commercial and government
entities whose employee background checks and other verification
requirements generate literally millions of fingerprint requests
each year."
Sylvan Learning Systems Inc. is the leading provider of
educational services to families, schools and industry. It delivers
computer-based testing for academic admissions, as well as for
professional licensure and certification programs at more than
1,300 testing centers through its Sylvan Prometric division.
Sylvan traditionally is known for the network of more than 640
Sylvan Learning Centers that provide personalized instructional
services to students of all ages and skill levels. Also, Sylvan
provides educational services under contract to public and non-public
school systems through the Sylvan Contract Educational Services
division, and will provide adult professional education and training
through the Caliber Learning Network Inc.
Identix is a leader in designing, developing, manufacturing and
marketing products for the capture and/or comparison of fingerprints
for security, anti-fraud, law enforcement and other applications.
Identix's subsidiaries and divisions include ANADAC/Government
Services, a provider of information technology, engineering, systems
integration and consulting services to government and commercial
entities; Identification Services Division, a supplier of contract
services for employee and applicant screening and other personal
identification applications; Biometric Applications & Technology,
which develops and markets biometric and "smart" card software
applications and solutions; and Identix International, which
includes international selling offices in Europe, Asia, North and
South America and Australia.
NOTE: The statements in this news release that relate to future
plans, events and performance are forward-looking statements that
involve risks and uncertainties, including risks associated with
uncertainties pertaining to establishment of a new business, demand
for the services provided by the joint venture, competition and
technological change, carrying out strategic relationships, customer
orders, including those with any government entity, funding for
procurements by government agencies, the governmental procurement
process and other risks identified in Identix's and Sylvan's SEC
filings.
Actual results, events and performance may differ materially.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
Neither Identix nor Sylvan undertake any obligation to release
publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
CONTACT: Allen & Caron Inc.
Damon Wright (investors)
Owen Daley (media)
714/252-8440
KEYWORD: CALIFORNIA ILLINOIS MARYLAND
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED EDUCATION
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
Copyright 1997, Business Wire |
