OAKVILLE, Ontario, April 30, 2012 /PRNewswire/ -- BLACKBIRD
INTERNATIONAL CORPORATION (PINKSHEETS: BBRD) is pleased to
announce that it has acquired an integral addition to its
Technology and Business Services division. Insight ID is a
real-time authentication service that allows one's personal
identity to be verified with nothing more than a web-browser and an
internet connection. This service fills the need for
identification at many levels of commercial and security checks.
Retail outlets lose billions because of fraudulent use of checks
and credit cards by culprits with false identification papers.
Insight ID has filed patent applications and has developed its
Global Authentication Exchange server (GAX) which provides for
quick hook-ups to databases in various countries.
''Our technology will verify the authenticity of the documents
presented at the points of sale. Rental car agencies also are
targets of end users with false drivers permits and these agencies
are ultimately responsible for the costs that may be
associated by these usurpers of identity,'' states Lee Rector,
Blackbird's Executive Vice President. He adds, ''Our technology is
very well received by the industry and is being tested at various
locations in the United
States.''
The potential growth for global market revenues from real time
ID Authentication services is estimated at $100 billion. As a sub-segment of the market,
industry experts estimate that identity management software will be
in the range of $10.2 billion in the
very near future.
Furthermore, this will prove to be a breakthrough in security
technology that would ensure the name, age and identity of those
who present themselves at any point of verification. The Company is
entering into a market that can prevent billions of dollars of
losses per year suffered by retail outlets and credit card
suppliers alone. It also fortifies security checks.
About Blackbird International Corporation
Blackbird has two main divisions in its operations: the
Technology and Business Services division develops and manages
software both in the gaming industry as well as in the field of
supply chain management. It develops products and provides the
installation and the services required by many Fortune 500 clients.
Among its clientele for its technology and services include
Fosters Beer (Australia), Nestle,
Coca-Cola, MainFreight (Australia). It is in an acquisition mode in
order rapidly become a major firm in this lucrative global
market.
Through its second division, the company is setting up and
operating casinos and gaming centers in North America, the Caribbean and East
Europe. Its first site shall be in Queretaro, Mexico. The Company has a letter of
intent with Juegos De Mexicana by which it will own 50% interest in
the casino and will manage its operations. The casino will be fully
licensed to operate electronic gaming terminals, bingo, keno,
electronic card games, sports betting and several others.
Blackbird has also entered into an agreement to own and manage a
casino in Panama for which
construction should start within three months.
The Company shall use its expertise and software to install and
manage the electronic gaming equipment in the casinos.
Contact:
John Pedder
john.pedder@insight-holdings.com
Forward-Looking Statements
This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the
future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include the fluctuations in the price of gold and in the event of
severe weather conditions. These forward-looking statements are
made as of the date of this news release, and the Company assumes
no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those
projected in the forward-looking statements. Although the Company
believes that any beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that such beliefs, plans, expectations or intentions will
prove to be accurate.
SOURCE Blackbird International Corporation