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Gold/Mining/Energy : MYT - Mytec Technologies -- Ignore unavailable to you. Want to Upgrade?

To: antonio doria who wrote (1177)	1/29/1999 12:47:00 AM
From: barry doment	Respond to of 1535

* Biometrics is an emerging market - like all other biometric companies, the market has developed slower than anticipated. * Mytec has received significant interest from innovators and early adopters (first 2 stages of new product life cycle). * Key characteristic of these groups is their need to try out the technology * As a result, Mytec is actively involved in product trials and projects - this has been very successful. * Mytec is currently positioning itself and has significant sales activity with targeted customers. Once any of these opportunities are finalized, we will release them publicly. This was sent to me by Brenda Lawless

To: antonio doria who wrote (1177)	2/15/1999 12:39:00 PM
From: antonio doria	Read Replies (2) \| Respond to of 1535

TO ALL: Few key points from Russ Hutchinson presentation at the Automated Imaging Association Conference on February 12, 1999 in Orlando, Florida: Fingerprint is 78% of the Global Biometric Market Mytec is in the "One-on-One" Market (Network Access Security - Physical Access Control - Time & Attendance) Mytec key market: Network Access Security: Large Organizations: Financial Institutes - Telecommunications - Government Organizations planning to install or have installed encryption software or single sign-on software World Market Potential: estimated at $ 250,000,000 Cost of "trusted device" Touchstone $ 250 - Newer version high volume plastics $ 20-25 Russ Conclusions: Market is slower to develop than expected Biometrics awareness increased drastically in 1998 compared to previous years Price of fingerprint readers has lowered substantially in recent years Organizations concerned with network security are beginning to recognize biometrics as a solution: Corporations and Government organizations link their networks to public networks creating exposure to unauthorized access and hackers Single sign-on provides convenience at increased security risk. I expressed to Russ our concern for lack of results and of information from Mytec and suggested that monthly newsletters be posted on MYT website, within the framework of Exchange rules. Next Press Release, expected for early May, or before, should have positive development news. I travelled to Orlando to meet Russ personally and I was favorably impressed. I can now look to the future with increased confidence in MYT. I would encourage all of you to attend MYT presentations, conferences, exhibitions, functions, whenever possible and convenient, and report to this group in an objective manner.