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Technology Stocks : Security Biometrics SBTI -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (45)	1/24/2001 12:46:21 PM
From: pibi	Read Replies (1) \| Respond to of 71

NEWS - Security Biometrics Signs Financial Agreement with McGinn, Smith & Co. VANCOUVER, Canada, January 24, 2001 – Security Biometrics, Inc. (OTC PINKSHEETS:SBTI) (www.sigbio.com) is pleased to announce the retention of McGinn, Smith and Co. of Albany, New York, to assist the company in its equity financing efforts. “We are extremely fortunate to have acquired the services of McGinn, Smith & Co. as they bring with them many years of highly successful fund raising for both their domestic and international clientele. The firm’s successful fulfillment of their near and medium term equity placement represents a major lynchpin in SBTI's ability to continue to meet all of the corporate objectives, including strategic acquisitions," said George Gould, President of SBTI. McGinn, Smith and Co., Inc is a twenty-one year old, full service investment banking and brokerage firm headquartered in Albany, New York. McGinn Smith offers a wide array of investment opportunities and services to its individual and institutional clients with a special emphasis on the corporate finance needs of both public and private companies where in excess of several hundred million dollars is provided annually. ”We are looking forward to a long term relationship with Security Biometrics,” says Mark C. Casolo, Senior Vice President of Corporate Finance for McGinn Smith. “We are very excited about SBTI’s access to Gesture Recognition Technology (GRT) and its potential impact on the banking and financial industry. SBTI’s unique business model calls for the consolidation of gesture based systems and the dynamic components of Biometric Technologies. It is SBTI’s mission to improve productivity, efficiency and reduce Identity Fraud, which costs consumers billions of dollars annually within the banking and financial transactions industry. We are proud of our accomplishments in assisting companies like Security Biometrics to acquire the financial capability to reach their productivity goals.” Casolo concludes, “Equally important to us is the three-fold human effect. First, a successful company solves a problem, and as such is likely to positively impact our lives. Then, a successful company creates jobs, and finally, a successful organization creates wealth for its shareholders. All three effects are very apparent when we review the business plan and potential of Security Biometrics’ technology, and the positive impact that adequate capital can provide.” Security Biometrics Inc. is in the business of developing, accelerating the development of standards, marketing under license, and selling gesture based and biometric security technologies specific to the multi-trillion dollar banking and financial transaction markets. These technologies include dynamic Gesture Recognition Technology (GRT), passive biometric finger or palm prints, retinal scans, and voice recognition systems. GRT is a dynamic system that interprets hand and pen gestures using sophisticated software algorithms, and is performed on proprietary touch pads. GRT is deemed to be superior to existing pen input technologies. ON BEHALF OF THE BOARD OF DIRECTORS OF SECURITY BIOMETRICS INC. George Gould, Director and President. This press release may contain forward-looking statements, which are subject to risks and uncertainties. The Company's actual results may differ materially from those described in any forward-looking statements. Additional information concerning potential risk factors that could affect the Company's business and financial results are included in the Company's filings with the Securities and Exchange Commission. They can also be found on the Securities and Exchange Commission's website at www.sec.gov. Resource Capital Consultants, Inc. (USA) Max Christian 954 328 3950 Or Renmark Financial Communications (Canada) Henri Perron Tel: 514/939-3989 Fax: 514/939-3717 Internet: www.renmarkfinancial.com