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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Buck who wrote (10358)	9/16/1998 8:57:00 PM
From: BuzzVA	Read Replies (1) \| Respond to of 26039

Can someone explain this to me. I thought I read somewhere that the revs from SIFC will not be in IDX's numbers beginning fiscal 1999. Where would IDX be getting its part of the joint venture $s, if that's the fact? Via equipment sales? TIA. confusedBuzz JOINT VENTURE On September 30, 1997, the Company entered into a joint venture agreement with Sylvan Learning Centers, Inc. to form SIFC for the purpose of providing fingerprinting services through Sylvan's testing systems nationwide. The Company owns a 50% interest in the joint venture. For certain contracts held by Identix prior to the joint venture, Identix subcontracts the fingerprinting services to the joint venture. Revenues received by Identix under these contracts are presented separately as fingerprinting services revenue in the consolidated statement of operations. As of July 1, 1998, the contracts have been assigned to SIFC.