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Technology Stocks : AXSI - Axcess Inc. (formerly LASX) -- Ignore unavailable to you. Want to Upgrade?


To: John Arnopp who wrote (836)4/3/1998 1:25:00 PM
From: John A. Paul  Read Replies (1) | Respond to of 1220
 
Friday April 3, 11:43 am Eastern Time

Company Press Release

SOURCE: AXCESS Inc.

AXCESS Inc. Names New VP to Manage AXCESS Technology Division

CARROLLTON, Texas, April 3 /PRNewswire/ -- AXCESS Inc. (Nasdaq: AXSI - news; formerly
Lasertechnics, Inc.) announced that Jefferson J. Jarvis has been appointed vice president,
AXCESS Inc. and general manager of AXCESSVision, the technology division of AXCESS Inc. Mr.
Jarvis will report to Harry S. Budow, president and chief operating officer.

AXCESSVision is working with XL Vision, a Safeguard Scientifics (NYSE: SFE - news) partnership
company, to develop new 2-D digital imaging and dithering technology with potentially broad
application in ID card processing, security access and retail/banking.

The new scanner/reader will be the first to use a camera for two-dimensional image acquisition,
rather than a scanned linear system. This innovation allows faster throughput, higher
reliability, and significantly lower cost.

Mr. Jarvis has extensive experience in information management and interactive new media
communications and development at both the corporate and small-company level.

He founded eNcircle(TM) Communications Corporation, which develops a range of fully
interactive, Internet-based marketing and on-demand communications services for niche markets
in recreation, retail and hospitality.

He previously founded Touchscreen Solutions, Inc., developer of THOMAS (Transient Host-Operated
Message & Alert System) which features a site-specific wireless network of interactive
touchscreen kiosks driven by a central server, designed to provide on-demand, interactive
digital information services to guest customers at hotels, hospitals and related retail
locations.

Mr. Jarvis also held several key management positions at EDS, including vice president of new
business development, strategic planning, and sales. He also served as EDS's Director, Global
Logistics, Tech-Products Division.

He received a BS in Engineering and Pre-Law from the US Air Force Academy and a MA in
International Relations and Communications Theory from Frei Universitat, Berlin, Germany. He is
a former speaker for the US Distance Learning Association and former member, Board of Advisors,
at the Institute for Telecommunications, Oklahoma State University. He is also a decorated
Vietnam veteran with more than nine years in active service as a USAF Commissioned Officer.

AXCESS Inc., founded in 1981 as Lasertechnics, Inc., consists of two operating subsidiaries:
(1) Sandia Imaging Systems, Inc. of Carrollton, TX (majority-owned) which produces
fraud-resistant wallet-sized ID cards, assembles and sells dye-sublimation card printers, and
designs and markets turnkey corporate security systems; and (2) Lasertechnics Marking
Corporation of Albuquerque, NM (wholly owned) which provides laser marking systems and related
technologies for a diverse range of industrial and commercial markets. For additional details
see Letter to Shareholders on axsi.com

This press release includes ''forward-looking statements'' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks,
uncertainties and other factors that could cause the actual results of the company to differ
materially from the results expressed or implied by such statements, including general economic
and business conditions, conditions affecting the industries served by the company and its
subsidiaries, conditions affecting the company's customers and suppliers, competitor responses
to the company's products and services, the overall market acceptance of such products and
services, and other factors disclosed in the company's Annual Report on Form 10KSB for the year
ended Dec. 31, 1997 and all of the company's subsequent Quarterly Reports on Form 10QSB through
December 31, 1997. Accordingly, although the company believes that the expectations reflected
in such forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct.

SOURCE: AXCESS Inc.