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Technology Stocks : Viisage Technology (VISG) -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (127)9/28/2001 11:18:33 AM
From: rrufff  Read Replies (1) | Respond to of 536
 
As I suggested last night, people at VISG are smart enough to know that they don't go this alone. They have been very conservative in structure, planning and even hype. That's why they've survived to play today.

Viisage Technology and RAPOR, Inc. to Demonstrate Integrated Biometric
Access Control Systems for Airports/Office Buildings At ASIS Security Conference

SAN ANTONIO, Texas, Sep 28, 2001 (BUSINESS WIRE) --

ASIS, Booth 1036

At ASIS, Oct. 1-4 in San Antonio, TX, Viisage Technology, Inc. (NASDAQ: VISG),
the leader in face-recognition technology and identification systems and
solutions, and RAPOR, Inc. of New Britain, CT, the leading developer and
provider of integrated security portal systems, will collectively announce new
highly secure, sophisticated portal access systems for airports, commercial
offices, schools, government facilities, courthouses, and manufacturing plants.

RAPOR'S systems have recently received FAA approval. Installations currently
exist with IBM and the U.S. Army securing critical points of entry.

RAPOR has integrated Viisage's face-recognition FacePASS(TM) system with RAPOR's
highly innovative Fast Trac(TM) portal system, marking the first time a
validated portal system will be triggered by an equally validated face
recognition system.

RAPOR's systems combine components, such as metal detectors, access control
devices, monitoring systems and sensors to provide secure, rapid and
sophisticated portal access. The combination of Viisage's FacePASS
face-recognition technology with Fast Trac conveniently and non-intrusively
increases security levels while maintaining throughput speed. RAPOR's Fast Trac
has a unique patented ability to rapidly manage high-traffic flow levels while
virtually eliminating "tailgating," or dual entry, the primary weakness of most
revolving door access control systems.

About RAPOR, Inc.

With headquarters in New Britain, CT, RAPOR, Inc. is a developer, manufacturer
and distributor of integrated security systems for controlling access to
restricted areas. RAPOR's systems are based on the unique, patented RAPOR (Rapid
Access Portal) Fast Trac concept.

About Viisage Technology, Inc.

Viisage Technology is the world leader in biometric face-recognition technology
and identification systems and solutions that enhance consumer convenience,
improve security and protect personal privacy.

This news release contains forward-looking statements that involve risks and
uncertainties. Forward-looking statements in this document and those made from
time to time by the Company through its senior management are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements concerning future plans or results are
necessarily only estimates and actual results could differ materially from
expectations. Certain factors that could cause or contribute to such differences
include, among other things, potential fluctuations in quarterly results, the
size and timing of award and performance on contracts, dependence on large
contracts and a limited number of customers, lengthy sales and implementation
cycles, changes in management estimates incident to accounting for contracts,
availability and cost of key components, market acceptance of new or enhanced
products and services, proprietary technology and changing competitive
conditions, system performance, management of growth, dependence on key
personnel, ability to obtain project financing, general economic and political
conditions and other factors affecting spending by customers and other risks,
uncertainties and factors including those described from time to time in the
company's filings with the Securities and Exchange Commission, including without
limitation, the company's Form 10K for the year ending December 31, 2000 and its
quarterly reports on Form 10Q.

CONTACT: For: Viisage Technology, Inc.
Porter, LeVay & Rose, Inc.
Linda Decker, 212/564-4700
or
Gray & Rice
Joan Buckley-Dion, 617/367-0100, ext. 106
or
Viisage Technology
Tom Colatosti, President and CEO, 978/952-2211

URL: businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.



To: rrufff who wrote (127)9/28/2001 8:51:51 PM
From: Jim@Inland  Read Replies (2) | Respond to of 536
 
Thank you rruff.

If your cost base is .85 cents you too must be commended for your trading expertise. You've done a great job, over the past three years or so.

You are almost 100% correct in your most recent post, and I agree with you almost entirely.

<<<<I'm not sure you really add much>>>> I'm not sure I do either, but people buying this company should know that they don't own the technology. They do however license it from their parent company except for the part that allows them to use it for screening the passing of people through turnstiles on public property like I believe Airports. That is excluded from their license agreement. You're right, this is about all I seem to know. I stopped there in my research, what else is important to the issue of security at the airport?

<<<<You don't seem to know much about
the company, >>>>>> You're correct in this comment, but as far as business is concerned I know enough to know that the way this company is structured with it's parent company, in my humble opinion they'll never make significantly more money than they have in the past. Again, rruff, it's just my opinion based on experience FWIW. Of course your knowledge of the company is far superior to what mine will ever be, after all, you've been studying it for three years.

<<<<I believe they will be active in the airport and national security crisis.>>>>> I disagree. This company hasn't got the required size, visavis , manpower or capital to be a player in this arena. IMHO only of course. Also see above. THEY DON"T HAVE THE RIGHTS TO THIS UNDER THEIR LICENSE .

<<<<the company has many
other potential markets. The key one, imo, is when 2 way technology takes off, either with 3G in a couple of years, or network security, e.g. bank ATM,
access to secure areas in private network, physical access. If you want to do some real research, there have been many articles talking about this type of
stuff. This will not be over night>>>> I agree with this rruff.

<<<Oh - and really no need to answer with your I made another buck today. >>>> I didn't make another buck today, in fact I just got started with a new short position at the close of trading.

You are also right about my boasting about my trading profits, however, I didn't earn 90 CENTS . I earned 90 Cents and then recycled it and made another 1.15 :)

You're doing a great job with this investment rruff. Thank you for educating us on the merits of this company. I sincerely hope that you make at least a 10 fold return on your investment:)

Regards

Jim