DBBD - Volume coming in now. .043/.05 cents and they are profitable.
Digital Broadband Networks Signs Reseller Agreement With FaceKey Corporation
Wednesday January 22, 10:01 am ET
FLEMINGTON, N.J.--(BUSINESS WIRE)--Jan. 22, 2003--Digital Broadband Networks, Inc. (OTCBB:DBBD - News) www.dbni.net today announced that it has signed a Reseller Agreement with FaceKey Corporation to sell FaceKey's biometric-based products.
FaceKey develops products to control access, record time and attendance and restrict use of personal computers by using two biometric technologies -- face recognition and fingerprint matching -- to ensure maximum speed and unerring accuracy. FaceKey has combined the best features of face and fingerprint recognition technologies to provide security and reduce costs for organizations of all sizes, including large enterprises with multiple locations.
Based in San Antonio, TX, FaceKey's products help organizations gain better control over facilities by allowing access only to designated individuals. The result is increased security, reduced fraud and better accountability. Organizations can reduce administrative costs associated with use of magnetic cards, PIN numbers and passwords.
"We believe that the combination of FaceKey's products and our security solution will enable us to offer more choices and better value to our customers," said Patrick Lim, Chairman and CEO of DBBD. "This agreement with FaceKey will strengthen our involvement in the security system market, as the uniqueness of FaceKey's products in combining both face and fingerprint recognition technologies provides a security level equal to the accuracy of a DNA test. We expect the FaceKey products to contribute significantly to our revenue in 2003."
"We are delighted to have DBBD as our partner and hope to leverage our partnership to expand the market for our biometric-based products in Malaysia and throughout Asia," said Yevgeny B. Levitov, President, joint owner and co-founder of FaceKey.
About Digital Broadband Networks
Digital Broadband Networks, Inc., a Delaware corporation, (www.dbni.net) is the parent company of EyStar Media Inc. and Malaysian-based Animated Electronic Industries (AEI), and its subsidiary, Perwimas Telecommunications. EyStar Media is involved in the development of value added Internet Protocol services and marketing of office/home automation devices. Perwimas is licensed to operate VISIONET, a national, digital, wireless broadband network that will support high speed Internet access, video on demand, multimedia applications and services targeted towards both business and residential markets.
About FaceKey Corporation (www.facekey.com)
Because the company uses biometric-based technologies, FaceKey offers the most reliable products for access control, time and attendance recording and computer log-on to provide security for business operations and to reduce costs. Using the technologies singly or in combination, the products allow a wide variety of applications, such as identifying bank customers for ATM transactions, screening police suspects against a database of known criminals and restricting access to secure facilities, to name only a few.
The company also sells a management system, FaceKey OrgCenter, that combines all business functions in one system, from financial control and engineering to sales and human resources. FaceKey currently is developing the management system to use biometric technologies to restrict access of specific functions to approved individuals.
FaceKey Corporation holds patent USPN 5,386,103, the landmark patent for face recognition, that provides protection for facility access control, ATM machines, check cashing and secure financial transactions. Seven additional patents are pending.
Safe Harbor Statement
Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Digital Broadband Networks does not undertake to update, revise or correct any forward-looking statements.
L.G. Zangani, LLC provides financial public relations service to the Company, As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and or other services in the form of moneys, capital stock in the Company, warrants or options to purchase capital in the Company. |
