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Microcap & Penny Stocks : FINGER/MATRIX (FINX) -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (472)	5/6/1999 7:57:00 AM
From: Linda Kaplan	Read Replies (1) \| Respond to of 543

Headline: Fingermatrix Reorganizes Following Acquisitions ====================================================================== ELMSFORD, N.Y.--(BUSINESS WIRE)--May 6, 1999--Fingermatrix Inc. (OTC BB:FINX), which last week acquired three subsidiaries of privately-owned The Trinity Group in exchange for 85 percent equity interest and management control, today reported a reorganization of the company. A new Board of Directors was named to succeed former Fingermatrix directors who had resigned. Its members are Lewis S. Schiller, a merchant banker who is chairman of The Trinity Group; E. Gerald Kay, chairman and president of Chem International Inc., and Joel M. Brown, a former corporate financial executive who is currently a private investor. Schiller was designated Chairman of the Board. Schiller said the company is in discussions with several sources of financing looking to secure funds for pursuit of new opportunities created by the recent acquisitions. One such project, just announced, is to pursue development of a fingerprint-based system providing secure transactions on the Internet. Schiller, beside his chairmanship of The Trinity Group, also sits on the boards of various private companies. He previously served as chairman and chief executive officer of Consolidated Technology Group, Ltd.; chairman and CEO of Transglobal Services Inc. (NASDAQ:TGSI), and chairman and CEO of Netsmart Technology Inc. (NASDAQ:NTST). His brother, Michael Schiller, founded Fingermatrix 20 years ago, was its technological innovator and also served as its president until 1994. Joel M. Brown, a private investor, was formerly treasurer of U.S. Lines Inc., New York; treasurer of Hartz Mountain Corp., Harrison, N.Y., and vice president and treasurer of The Remco Maintenance Corp., New York. The third Fingermatrix director is E. Gerald Kay, chairman and president of Chem International Inc., a NASDAQ-sited company. The Trinity interests acquired last week are SES Acquisitions Corp. and its two wholly-owned subsidiaries -- Sequential Electronic Systems Inc. and S-Tech Inc. -- which Schiller said will operate as units of Fingermatrix. Also acquired was Trinity's 51-percent equity holding in FMX Inc., a development concern specializing in electronic fingerprinting and imaging technologies. In the reorganization, its activities will be combined with those of Fingermatrix. CONTACT: Molesworth Associates Inc. Gordon Molesworth, 520/625-0550 KEYWORD: NEW YORK INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET MERGERS/ACQ MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1999, Business Wire