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Gold/Mining/Energy : Biometric Security Corp (BMS.V) -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Finucan who wrote (140)	2/1/1999 9:30:00 PM
From: Veteran98	Read Replies (1) \| Respond to of 181

Another news release Biometric to integrate FingerLoc into Veriprint Biometric Security Corp BMS Shares issued 20,834,412 Feb 1 close $0.20 Mon 1 Feb 99 News Release Mr. Patrick McCleery reports Biometric Security has an agreement to acquire 45 per cent of Biometric Identification, Inc. (BII). BII and AuthenTec, Inc., a leading supplier of security and personal identification silicon-based solutions, will integrate the AuthenTec Fingerloc sensor into BII's Veriprint 1100 Embedded Fingerprint System (V1100). The partnership allows both companies to share technology, testing and reliability data, in order to deliver integrated fingerprint identification solutions. The initial products will be based on BII's Veriprint V1100 system, which offers fingerprint template storage, on board verification, power and communication management in one integrated package. AuthenTec, Inc. is a privately held security and personal identification solutions company located in Melbourne, Fla. BII has also added two new time and attendance distributors to the list of international companies focused on providing biometric fingerprint verification for the electronic data capture industry: Intermex Automatic Identification (Mexico), and Goldenvest (Taiwan). Goldenvest will use BII's V2100 for assembly and resale in the Asian region. Goldenvest will repackage the V2100 and market it with its time and attendance software package for biometric data capture. IMEX, the number one ranked time and attendance company in Mexico, will private label the V2100 and distribute it to 55 dealers throughout the Republic of Mexico. BII has completed the delivery and installation of a previously announced contract involving Mexico's federal Camara de Dipulados (chamber of deputies) which is now one of the world's largest networked biometric fingerprint verification systems in the world. Biometric has completed two private placements totalling 11,666,666 units at 15 cents for gross proceeds of $1,750,000. Each unit consisted of one share and one warrant exercisable for two years at 15 cents in the first year and 17 cents in the second. The proceeds will be used for working capital and to increase the company's investment in BII.