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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: couldawoulda who wrote (26174)	12/4/2001 10:33:34 AM
From: wgh613	Respond to of 59879

IDNX private placement at 9 dollars, Identix Announces $51.7 Million Private Placement Of Common Stock With Institutional Investors LOS GATOS, Calif., Dec 4, 2001 /PRNewswire via COMTEX/ -- Identix Incorporated (Nasdaq: IDNX chart, msgs), the worldwide leader in providing biometric authentication, security and identification solutions, announced today that it has entered into definitive purchase agreements to raise gross proceeds of $51.7 million in a private placement of 7.39 million shares of common stock, at a purchase price of $7.00 per share, to both new and existing institutional investors. The Company intends to file with the Securities and Exchange Commission a resale registration statement on Form S-3 relating to the privately placed shares. The closing of the transaction is expected to occur shortly after the SEC informs the Company of its willingness to declare the registration statement effective. The securities sold in this private placement have not yet been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of an effective registration statement or exemption from registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Any offering of Identix Incorporated securities under the resale registration statement will be made only by means of a prospectus.