buck,
the deal with sylvan begins,
this just in, hope it helps the stock today:
gw
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 19, 1998--Identix Inc.
(ASE:IDX), a leader worldwide in live-scan systems and biometric
identification verification systems, and Baltimore-based Sylvan
Learning Systems Inc. (Nasdaq NM:SLVN) jointly announced Thursday
that the joint venture between the two companies, Sylvan/Identix
Fingerprinting Centers LLC, has begun a program with Rockville, Md.-
based NASD Regulation Inc. to make electronic fingerprinting services
available to all members of the National Association of Securities
Dealers (NASD).
Sylvan Learning Systems is currently under contract with the NASD
to administer testing and continuing education sessions to members of
the securities industry in 250 locations in the continental U.S.,
Alaska, Hawaii, Puerto Rico and the Virgin Islands.
Identix's TouchPrint-600 (TP-600) live-scan equipment has been
installed in Sylvan Learning Centers in major metropolitan areas
across the nation including Chicago, New York, Boston, Atlanta,
Dallas, Orlando, Denver, Los Angeles and San Francisco.
Because regulations require that all securities personnel must
be fingerprinted as part of their background checks, the Sylvan
operators will use the TP-600s at the centers to capture and record
fingerprints without the use of ink. The images are encrypted into
proprietary algorithms, which will then be electronically transmitted,
along with the identifying demographic data, to the NASD Regulation
office.
There, the images can be printed, matched to the appropriate
U-4 filings (personal histories kept by NASD Regulation on all
securities personnel), and processed under NASD Regulation's
established procedures with the FBI. The joint venture currently
supplies fingerprint services to Illinois State Agencies under an
existing contract with the Illinois State Police.
NASD Regulation Vice President Testing and Continuing Education
Frank J. McAuliffe commented: "Since we process more than 250,000
individuals each year, we look forward to seeing a marketed
improvement in our turnaround times through the use of the TP-600.
Additionally, we also expect the elimination of errors during image
capture, which will result in far fewer rejections of fingerprints
by the FBI. These benefits will save time and money for our member
firms."
According to Identix Chairman, President and Chief Executive
Officer Randall C. Fowler, the program with NASD is "an excellent
illustration of the nationwide service the Sylvan/Identix venture
can provide."
Fowler commented: "The availability of Sylvan's network creates
the unique opportunity to provide fingerprinting services related to
the securities licensing process for NASD members. This program
launches our joint venture's effort to make highly accurate, fast
and inkless fingerprint services available nationwide.
"Employees of the securities industry are not the only ones for
whom fingerprint services are needed as a part of personnel
background checks," Fowler said. "Other examples include employees
in such financial services industries as banks and savings and loans,
as well as state and federal workers."
Fowler said that the Sylvan/Identix venture is actively seeking
similar arrangements with other entities which require employee
background checks.
Sylvan Learning Systems is the leading provider of educational
services to families, schools and industry. The company provides
lifelong educational services through five lines of business: The
Sylvan Prometric division delivers computer-based testing for academic
admissions and professional certification programs; the Sylvan
Learning Centers division provides personalized instructional services
to students of all ages and skill levels; the Sylvan Contract
Educational Services division provides educational services and
professional development through contracts with school systems and
other organizations; the Wall Street Institute provides English
language instruction to professionals; and the Caliber Learning
network distributes world-class adult professional education and
training programs through a combination of satellite,
videoconferencing, PC-based communications technology and the
Internet.
Sylvan's services are delivered through its network of more than
3,000 educational and testing centers around the globe.
Identix is a leader in designing, developing, manufacturing and
marketing products for the capture and/or comparison of fingerprints
for security, anti-fraud, law enforcement and other applications.
The company's subsidiaries, joint ventures and divisions include
ANADAC/Government Services, a provider of information technology,
engineering, systems integration and consulting services to government
and commercial entities; Sylvan/Identix Fingerprinting Centers, LLC,
a supplier of contract services for employee and applicant screening
and other personal verification applications; Biometric Applications
& Technology; and Identix International, which includes international
selling offices in Europe, Asia, North and South America and
Australia.
The statements in this media release that relate to future plans,
events and performance are forward-looking statements that involve
risks and uncertainties, including risks associated with
uncertainties pertaining to establishment of a new business, demand
for the services provided by the joint venture, competition and
technological change, carrying out strategic relationships, customer
orders, including those with any government entity, funding for
procurements by government agencies, the governmental procurement
process and other risks identified in Identix's and Sylvan's SEC
filings. Actual results, events and performance may differ
materially. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. Neither Identix nor Sylvan undertake any obligation to
release publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events.
CONTACT: Allen & Caron Inc.
Damon Wright (investors)
Owen Daley (media)
714/252-8440
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED GOVERNMENT
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