Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Arnopp who wrote (863)	5/6/1998 1:42:00 PM
From: John A. Paul	Respond to of 1220

there are those who have said Morgan had to go. Let's see what this does for the company. JP

To: John Arnopp who wrote (863)	5/6/1998 2:35:00 PM
From: John A. Paul	Read Replies (1) \| Respond to of 1220

Wednesday May 6, 2:01 pm Eastern Time Company Press Release SOURCE: AXCESS Inc. Haskell joins AXCESS Inc. Board of Directors; New Director Heads A Safeguard Scientifics (NYSE: SFE) Partnership Company DALLAS, May 6 /PRNewswire/ -- AXCESS Inc. (Nasdaq: AXSI - news; formerly Lasertechnics, Inc.) announced that Gregory W. Haskell joined its board of directors on April 30. He will stand for election with the company's other board members at the company's Annual Meeting to be held in June in Dallas, TX. Mr. Haskell is president and chief operating officer of XL Vision, Inc., a position he has held since 1995. He helped to found the company in 1993 and has extensive experience in imaging-related businesses, including 10 years specifically in the field of defense imaging. AXCESS Inc.'s technology division, AXCESSVision, is currently working with XL Vision, Inc. XL Vision specializes in the innovation and incubation of imaging technology companies. XL Vision is a Safeguard Scientifics partnership company. The companies are developing optical dithering technology and new multi-function digital imaging technology that will combine biometrics, symbology and other card transaction applications. These new technologies have broad application in card processing, access control, facilities management, retail, and the financial marketplace. ''We are extremely pleased that Bill Haskell has joined our board at this time. XL Vision's commitment to the long-term success of AXCESS Inc. is reinforced by his participation, and will further strengthen our joint opportunities. With Bill directly involved on our team, AXCESS Inc. and XL Vision can build on our alliance in a more timely manner and thereby rapidly bring value to our common interests,'' said Richard C. E. Morgan, AXCESS Inc.'s chairman of the board. The new scanner/reader will be the first to employ a camera for two-dimensional image acquisition, rather than a scanned linear system. This innovation allows faster throughput, higher reliability, and significantly lower cost. The new system is expected to find wide use in corporate facility access control systems that AXCESS Inc. will market through dealers and integrators. Mr. Haskell received an advanced degree in applied mathematics from Iowa State University. AXCESS Inc., founded in 1982 as Lasertechnics, Inc., consists of two operating subsidiaries: (1) AXCESS Inc. of Dallas, TX (majority-owned) which produces fraud-resistant wallet-size ID cards, assembles and sells dye-sublimation card printers, and markets technology and solutions for access management and control systems through dealers and integrators; 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 www.axsi.com. SOURCE: AXCESS Inc.