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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (24894)	2/4/2000 7:49:00 AM
From: johnsto1	Read Replies (1) \| Respond to of 150070

dow jones supposably picked up on EISQ news under H.P.giving it more credibility I think this is the release you're referring to. Can't give you the url because it's through my Salomon Smith Barney account, so I copied it & will paste here. Found it by looking up headlines for HWP. DJ Elec Identification Up After Co. 'Strengthened' HP Pact Dow Jones News Service ~ January 31, 2000 ~ 3:19 pm EST By Katherine Hutchison NEW YORK (Dow Jones)--Electronic Identification Inc. (EISQ), which develops " smart card" identification technology and intranets, has seen a dramatic run-up in its stock price since late last week, after announcing a new development in its relationship with Hewlett-Packard Co. (HWP). The Vancouver company's Bulletin Board-traded shares began moving upward Friday, quintupling in value to 1 31/64 from 19/64. After rising as high as 3 3/ 32, it was recently trading at 2 3/4, up 1 17/64, or 85%, on volume of 7.4 million shares. Last May, the company said it was working with Hewlett-Packard on three smart- card contracts totaling $500 million in the Middle East, where the technology has caught on more quickly than in the U.S. Electronic Identification Chief Executive Terry Kirby said Hewlett Packard would supply systems integration, hardware and personnel and his company would provide the software. The companies were also said to be exploring opportunities in Europe. Thursday, Electronic Identification said that as part of a "strengthened" agreement with Hewlett Packard, the companies will combine their separate smart- card technologies and "match funds" to pursue business in the Middle East. The companies will develop embedded chip technology, digital cameras and fingerprint readers as well as architectures for networking and legacy systems integration. Electronic Identification combines radio frequency and biometric imaging to digitally encode fingerprints, photographs and personal details onto a microchip using compression technology. Information about a cardholder is stored on a chip surrounded by an antenna and embedded on a card, which can then be approved or denied entrance or access to information. The company also operates an intranet-based framework to issue "tamperproof" ID cards via its flagship product line, Electronic Personnel Identification and Control System, or EPICS. According to Electronic Identification, the technology has applications for high-security clients and government agencies for use in such areas as labor force and immigration control. Representatives for Electronic Identification and Hewlett-Packard were not immediately available. An independent contractor for Electronic Identification, however, speculated the company's shares may be moving "on their own momentum," in addition to the recirculated Hewlett Packard news, or on talk of more impending news. He also speculated traders may see the latest announcement as a renewed commitment from Hewlett Packard and are taking a more serious look at the company. The relationship between the two entities may still be viewed as tentative, he added. (MORE) DOW JONES NEWS 01-31-00 03:19 PM DJ Electronic Identification Up -2: Will Use HP's Hardware "Working with HP opens a lot of new doors for us," Chairman and Chief Executive Terry Kirby said in the press release issued Thursday. "HP, with its smart-card technology, is one of the few companies that have the global clout and presence to successfully assist us in implementing and promoting our ePICS technologies in the global marketplace." Electronic Identification said it plans to work with Hewlett-Packard's Grenoble, France, smart-card operations and global consulting unit to marry HP hardware with its own identification software. On its Web site, Electronic Identification says its technology "allows users to effectively control the flow of people and information in offices, over the Internet or across borders, as well as in high-security applications such as driver's licenses, credit cards, banking and passports." Kirby said the companies aim to create an "industry standard" for identity and residence cards as well as electronic visas. Last May, Electronic Identification opened a London office to concentrate on business in the Middle East and Africa and to coordinate European operations that are part of the Hewlett-Packard agreement. In addition to its Vancouver headquarters, the company has an office in Alameda, Calif., and a satellite office near the Hewlett-Packard campus in San Jose. -Katherine Hutchison; Dow Jones Newswires; 201-938-5394 (END) DOW JONES NEWS 01-31-00 04:42 PM