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Tuesday May 4, 6:59 am Eastern Time
Company Press Release
Fingermatrix to Attack Cyberspace Identity Problem
ELMSFORD, N.Y.--(BUSINESS WIRE)--May 4, 1999--Fingermatrix Inc. (OTC BB:FINX), a pioneer in electronic fingerprinting technology, which last week, as a part of an exchange agreement, acquired 51 percent of FMX Corp., another developer of similar equipment, announced today that it will immediately combine these resources to pursue completion of a fingerprint-based system to authenticate the identity of e-commerce customers.
''Despite meteoric expansion of the Internet and World Wide Web, cyberspace still needs a means of positive identification,'' said Lewis S. Schiller, chairman of Fingermatrix. ''Last week's acquisition puts us in position to pursue a solution to this problem using the security of a fingerprint.''
The Fingermatrix-FMX team already has systems that control access to computer networks or physical areas with a single digitized fingerprint.
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