Here is a recent release with all the info you need. Hope this helps.
Lots of accumulation last 2 weeks and nice rise today. Good luck to you.
RFID Systems Corporation
rfidsystems.com
Trading Symbol: OTC:BB RFID.
2055 Gateway Place, Suite 260
San Jose, CA 95110-101
Tel: (408) 573-8940
Fax: (408) 573-8784
DISTRIBUTION AGREEMENT
SAN JOSE, CA, July 22, 1998: RFID Systems Corporation (the "Company") (OTC:BB: RFID) announced
today that it has signed a contract with Madison Group USA, Inc. ('MGUSA") to distribute its products and
technology in the Arabian Gulf and the Middle East.
Concurrently, MGSUA has executed an agreement with Spectrum-Arabieh Corporation (OTC:BB:SPUM) for
sales in the Kingdom of Saudi Arabia and other countries in the Arabian Gulf.
Mr. Sam Higgins, CEO and President, MGUSA, commented: "We are confident we can deliver minimum sales
of $70 million over the first twenty-one months as required in our Agreement. We look forward to working
with RFID Systems to establish a thriving business in this security conscious region." In addition to certain
sales requirements, MGUSA is also required to provide all of the Company's working capital requirements to
implement sales orders obtained by the Company under the Agreement.
"I am extremely pleased that RFID Systems has entered into this distribution agreement," said Gordon Bell,
Chairman of RFID Systems. He added, "This is a key step in the global expansion of our business."
RFID Systems Corporation develops and markets a unique family of computer and network security products
utilizing the Company's proven radio frequency identification technology to provide extremely high levels of
security for corporate and individual computer users, as well as corporate intranets and the public internet.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve
risks and uncertainties, including, without limitation, continued acceptance of the company's products,
competition, new products and technological changes, intellectual property rights and other risks.
$40 BILLION DOLLAR A YEAR INDUSTRY
RFID Systems Corporation (OTC:BB: RFID) develops and markets a unique family of computer and network
security products which utilize its proven radio frequency identification technology to provide extremely high
levels of security for corporate and individual computer users, as well as corporate intranets and the public
internet.
Existing computer security systems have concentrated on protecting access to an enterprise system, and firewall
systems protect an enterprise from unauthorized traffic entering the network. However, the most vulnerable part
of the system is inside the firewall. The computer on the user's desk left unattended and logged on to the
network will allow an unauthorized user to breach the corporate and public network. It is the most vulnerable
point in network security today, and yet it relies on the notoriously insecure use of passwords.
The Company's identification and authentication systems offer a low cost solution that addresses corporate
America's biggest fear -- unauthorized access to vital computer data, now a $40 billion dollar a year crime
industry
PRODUCTS
Computer and Network Security Product Line
RFID Systems has integrated its proven radio frequency identifcation technology with security software to
produce an easy-to-use, easy-to-install, modular Authentication and Identification system. Identification of the
user to the computer is the cornerstone to all security measures in force today. Simply by wearing an identity
card, similar to those used in most corporations today, the computer is able to uniquely identify the user when
he comes within 3-4 feet of range. Communication between user and computer uses radio frequency, which
does not require contact or line of sight. The ID card can therefore be safely contained in the user's purse or
wallet. If higher levels of security are required, levels of identification can be selected to include biometric
information such as fingerprints or retinal scans.
RFID Systems' products are designed to run on Microsoft r Windows r -based personal computer systems used
in corporate installations, where the need for security already exists, and private based systems where the need
for security is increasing because of the growth of the Internet.
Stay tuned for more details about our exciting new products!
Passport/Border Tracking and Security System
Among the challenges faced by governments and financial institutions is the need to identify clients in a secure,
efficient and cost-effective way. Whether it is to guard against the issuance of duplicate identification cards to an
individual user, to verify that user quickly and without significant facilities costs, or simply to guard against
counterfeit identification, RFID Systems offers a versatile and cost-effective solution.
Our passport and border control system combines RFID and biometric imaging technologies to digitally encode
fingerprints on to a microchip, thereby providing positive identification of the user.
Registration - A cardholder's fingerprint, photograph and personal details are recorded to create an RFID
identity card. The card is programmed through an RF reader built into the PC. Proprietary compression reduces
the photo to 500 bytes enabling use of low cost cards.
Identification - The cardholder's photograph appears on the screen as he or she passes the control point.
Authentication - To authenticate a cardholder, his or her fingerprint can be checked with a fingerprint sensor and
compared to the record contained in the card. Levels of security can be set to match variable feature count
criteria.
NEWS RELEASES FOR RFID SYSTEMS
rfidsystems.com
RFID Systems' Management Team
rfidsystems.com
Company Contacts:
Public Relations: mwatson@rfidsystems.com
Sales: jratzlaff@rfidsystems.com
Investor Relations Contact:
Irene Sinow
I.W. Miller & Co., Inc.
Tel: (415) 751-0315
Fax: (415) 751-5011
Email: sinow-rendar@msn.com |
