IAMSAM
16 years ago
(SFLK) IdentiPHI, Inc. Announces 1-for-15 Reverse Stock Split
(OUCH! Enough For Me....)
Friday February 15, 9:00 am ET
Reverse Stock Split to Take Effect for Company Formerly Known as Saflink on February 19th
AUSTIN, Texas--(BUSINESS WIRE)--IdentiPHI, Inc. (formerly known as Saflink Corporation) (OTCBB:SFLK - News) today announced that its board of directors has approved a 1-for-15 reverse split of its common stock, following approval by its stockholders on February 7, 2008. The reverse stock split will be effective at 12:01 a.m., Eastern Time, on Tuesday, February 19, 2008. In connection with the name change and reverse split, IdentiPHI will be designated a new ticker symbol at the sole discretion of the OTC Bulletin Board, which is still to be determined.
“The reverse split is part of our overall strategy to achieve the optimal capital structure for IdentiPHI,” stated Steve Oyer, Chairman & CEO of IdentiPHI. “With this action we enable ourselves to move towards accomplishing a number of our immediate goals: 1) simplify our investors’ understanding and visibility of our earnings on a per share basis, 2) attract and retain long term institutional shareholders through a higher share price and manageable share count, 3) significantly reduce administrative, transaction and regulatory costs related to the number of shares authorized and outstanding, and 4) move us closer to the opportunity for re-listing of our common stock on the NASDAQ Capital Market or other national exchange.”
The reverse split will reduce the number of shares of IdentiPHI’s common stock outstanding from approximately 823 million to approximately 55 million. Furthermore, proportional adjustments will be made to IdentiPHI’s stock options and other equity incentive awards, equity compensation plans and convertible securities. In addition, the number of authorized shares of common stock will be reduced from 1.5 billion to 100 million.
Upon effectiveness of the reverse split, IdentiPHI stockholders will receive one new share of IdentiPHI for every 15 shares held. Exchange of stock certificates to reflect the reverse stock split is not mandatory. However, registered holders of IdentiPHI common stock who wish to exchange their stock certificates for new post-split certificates should contact IdentiPHI’s transfer agent, Computershare Trust Company, N.A., at 800-962-4284, for instructions. Stockholders with shares in brokerage accounts should contact their brokers with questions.
IdentiPHI will not issue fractional shares as a result of the reverse stock split. For registered stockholders, the transfer agent (Computershare) will aggregate all shares held by each registered stockholder immediately prior to the reverse stock split and will round up each fractional share such that any fractional shares resulting from the aggregation will be converted into the right to receive one whole share of common stock. Stockholders with shares held in brokerage accounts are encouraged to contact their brokers with any questions regarding their procedures for payment of fractional shares.
About IdentiPHI
Headquartered in Austin, Texas, IdentiPHI is an innovative technology company offering a comprehensive suite of enterprise security solutions and consulting services. Comprised of experienced partners and thought-leaders in the industry, IdentiPHI is setting the standard for what companies are looking for in a security solution. IdentiPHI solutions deliver enhanced identity assurance throughout the enterprise. The company is defining security technology to meet the evolving challenges of today’s ever changing fast-paced business needs. For more information, call 888-436-8744, or visit www.identiphi.net.
This release contains information about our management’s view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products, our ability to compete with competitors and the growth of the security market. In addition, the reduction in the number of outstanding shares is expected to increase the trading price of our common stock, although there can be no assurance that such price will increase in proportion to the ratio of the reverse stock split ratio. The trading price of our common stock depends on many factors, including many which are beyond our control. The higher stock price may increase investor interest and reduce resistance of brokerage firms to recommend the purchase of our common stock. On the other hand, to the extent that negative investor sentiment regarding our common stock is based on our underlying business fundamentals, the reverse split may not overcome such sentiment enough to increase our stock price to a level that consistently exceeds $1.00 per share. Additional factors are included in our annual report on Form 10-K, as well as other documents we periodically file with the Securities and Exchange Commission.
Contact:
Press:
VOXUS, Inc.
Andrew Goss, 253-853-5151 x224
agoss@voxuspr.com
or
Investor Relations:
Equiti-trend Advisors LLC
800-953-3350 Toll-Free
858-436-3350 Local or International
investors@saflink.com
--------------------------------------------------------------------------------
Source: IdentiPHI, Inc.
IAMSAM
16 years ago
FLRP - Leading Travel Management Company RADIUS Selects FLO as Preferred Provider of Registered Traveler Services
Tuesday February 12, 8:30 am ET
CHANTILLY, Va., Feb. 12 /PRNewswire-FirstCall/ -- FLO Corporation (OTC Bulletin Board: FLRP - News), a top Registered Traveler (RT) services provider, today announced a strategic alliance with RADIUS, one of the largest travel management companies in the world, to provide RADIUS travel agencies with access to FLO's RT 2.0 program. The agreement with RADIUS gives FLO access to a powerful sales channel that reaches tens of thousands of travelers in many of the densest travel markets in the United States including New York, Boston, Chicago, Seattle and Washington, D.C.
RADIUS operates in more than 4,000 locations around the world with annual sales of $19 billion. Through the agreement with FLO, RADIUS and its US-based agencies will have the ability to market traveler enrollments to a vast base of qualified business traveler customers. Beyond providing basic RT (Registered Traveler) lane access, using the rtGO platform in partnership with Unisys, FLO features a broad range of value-added services ranging from worldwide emergency travel assistance to identity fraud protection. The FLO program is designed to provide greater security, convenience and safety for travelers during the door-to-door travel experience.
"We believe that FLO's offer of an attractively-priced Registered Traveler card combining access to the convenience of the RT program with a host of additional benefits will be very compelling for RADIUS customers across the United States," said Allan Slan, acting CEO of RADIUS. "We are focused on making the travel experience as productive and positive for our travelers and the FLO program is perfectly aligned with that goal."
FLO memberships, via its partnership with Unisys, are designed to be both secure and interoperable with all RT authentication stations deployed by TSA- approved service providers. Travelers who enroll with FLO will be able to use FLO cards at any airport participating in the RT program.
"We are thrilled that RADIUS has selected FLO to help make access to the Registered Traveler program easily and affordably available to an ever-larger segment of the traveling public," said Fred Fischer, Senior Vice President Sales, FLO Corporation. "This agreement underscores the growing momentum of FLO and the RT program overall as customer interest and adoption steadily increases. After all, who knows customer needs better than travel services firms that interact with thousands upon thousands of travelers every day?"
About Registered Traveler
For information about how RT works visit
http://www.flocard.com/about/how_flo_works.htm.
About FLO
FLO Corporation provides a comprehensive solution for the Registered Traveler program, which is administered by the U.S. Transportation Security Administration. FLO recently announced the execution of an agreement under which FLO has agreed to acquire the rtGO(SM) Registered Traveler business of Unisys Corporation (NYSE: UIS - News). The Registered Traveler program is designed to identify air passengers who pose a minimal security risk and then to provide those passengers with access to faster and simpler processing at airport security checkpoints. FLO Corporation has formed the "FLO Alliance" -- strategic relationships with several companies with extensive expertise in credentialing, security, access control, customer service, travel services, political lobbying and corporate and consumer marketing -- designed to develop, market, sell and deploy an end-to-end solution and to provide next- generation RT 2.0 membership benefits to qualified individuals for expedited security screening in designated lanes at participating airports in addition to receiving promotional offers and discounts offered by retail partners. The FLO Alliance partnership consists of FLO Corporation, Microsoft, JPMorgan Chase, Johnson Controls, Inc., Smiths Detection Inc., The Paradies Shops, International RAM and ID Technology Partners. For more information about the FLO program and Alliance visit http://www.flocard.com.
About RADIUS
RADIUS -- the global travel company is one of the world's largest travel management companies with combined annual sales of over USD 19 billion. RADIUS is comprised of 92 shareholder travel agencies in 80 countries around the world with over 4,000 locations and is headquartered in the United States with regional offices servicing the Americas, EMEA, and Asia Pacific. For more information visit www.radiustravel.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains information about our management's view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. For example, our business will depend on our ability to establish and maintain strategic relationships with travel services, technology, and other companies. If we are unable to establish and maintain such relationships or if current relationships were to weaken, our actual results may differ materially from those indicated by the statements made in this release and our business could suffer. Other factors that could cause actual results to differ materially from historical results or those indicated by the statements in this release include, but are not limited to, risks and uncertainties associated with our financial condition, our planned acquisition of Unisys' rtGO(SM) Registered Traveler business, and our efforts to meet the TSA's requirements to offer Registered Traveler services to sponsoring entities as well as those included in our registration statement on Form 10-SB filed with the Securities and Exchange Commission on November 28, 2007, and other documents we periodically file with the Securities and Exchange Commission.
NOTE REGARDING TRADEMARKS
"FLO" is a trademark of FLO Corporation. The names of actual companies mentioned herein may be the trademarks of their respective owners.
Media Contact:
Amanda Cheslock -- Sloane & Company -- 212.446.1884 or acheslock@sloanepr.com
Investor Contact:
Josh Hochberg -- Sloane & Company -- 212.446.1892 or jhochberg@sloanepr.com
--------------------------------------------------------------------------------
Source: FLO Corporation
IAMSAM
16 years ago
Saflink Corporation (SFLK) and IdentiPHI, Inc. Complete Merger
Monday February 11, 9:00 am ET
Combined Company - ''IdentiPHI, Inc.'' - Takes Position as Leading Biometric and Enterprise Security Provider
KIRKLAND, Wash. & AUSTIN, Texas--(BUSINESS WIRE)--Saflink Corporation (OTCBB:SFLK - News) announced that its stockholders voted overwhelmingly to approve Saflink’s merger with IdentiPHI, Inc. at a special meeting of its shareholders on February 7, 2008. Saflink and IdentiPHI closed the transaction on February 8, 2008.
Under the terms of the merger agreement, Saflink acquired all of the outstanding shares of IdentiPHI in a stock-for-stock transaction where each outstanding share of IdentiPHI common stock was exchanged for 6.1498 shares of Saflink common stock, resulting in an aggregate of 614,979,996 shares of Saflink common stock being issued to former IdentiPHI stockholders.
The company will combine management teams and operate as IdentiPHI, Inc. with its headquarters in Austin, Texas. The new executive management team is being led by Steve Oyer, Chairman and Chief Executive Officer, and Peter Gilbert, Vice Chairman and Senior Vice President of Sales and Marketing. Additionally, the leadership will consist of John Atkinson as President and Mark Norwalk as Chief Technical Officer from the IdentiPHI management team, and Jeff Dick as Chief Financial Officer and Brian Wilchusky as Vice President of Marketing from the Saflink management team.
“The merger with IdentiPHI is the culmination of tremendous effort by the teams at both companies, and with the support of our shareholders we are moving forward with confidence to capitalize on the phenomenal opportunities that stand before us,” said IdentiPHI Chairman and CEO Steve Oyer. “Increasing customer demand and adoption shows that the world-wide market for our biometric, authentication and enterprise security solutions is poised for explosive and sustainable growth. The long term success of the merger will come from using our solid combination of patented intellectual property, scalable technology and global distribution to deliver the right products at the right time.”
“We are excited to have Steve and the team from Saflink join IdentiPHI and now with the merger complete, our attention is now centered on strengthening our product offering and expanding our market reach with a high degree of agility,” said Peter Gilbert, former IdentiPHI CEO and current Vice Chairman and Senior Vice President of Sales and Marketing. “Our strategy is to capitalize on our deep understanding of enterprise customer needs and the strength of our security solutions to meet customer expectations and requirements. To do this we expect to continue to add key distribution partners, integrate with other ‘best in class’ products and deliver innovation within our own products. The results of these actions should further solidify IdentiPHI’s foothold as a trusted market leader.”
About Saflink
Saflink Corporation offers biometric security, smart card and cryptographic technologies that help protect intellectual property and control access to secure facilities. Saflink security technologies are key components in identity assurance management solutions that allow administrators and security personnel to positively confirm a person’s identity before access is granted. Saflink cryptographic technologies help to ensure that sensitive information is accessed only by the intended recipient(s).
About IdentiPHI
Headquartered in Austin Texas, IdentiPHI is an innovative technology company offering a comprehensive suite of enterprise security solutions and consulting services. Comprised of experienced partners and thought-leaders in the industry, IdentiPHI is setting the standard for what companies are looking for in a security solution. IdentiPHI solutions deliver enhanced identity assurance throughout the enterprise. The company is defining security technology to meet the evolving challenges of today’s ever changing fast-paced business needs. For more information, call 888-436-8744, or visit www.identiphi.net.
This release contains information about our management’s view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. For example, the merger involves the integration of two companies that have previously operated independently with principal offices in two distinct locations. We and IdentiPHI have conducted only limited planning regarding the integration of the two companies. The combined company will be required to devote significant management attention and resources to integrating the two companies. Delays in this process could adversely affect the combined company’s business, operations financial results, financial condition and stock price. Even if we and IdentiPHI were able to integrate our business operations successfully, there can be no assurance that this integration will result in the realization of the full benefits of synergies, cost savings, innovation and operational efficiencies that may be possible from this integration or that these benefits will be achieved within a reasonable period of time. Some other factors include, but are not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products, our ability to compete with competitors and the growth of the security market, and those included in our annual report on Form 10-K, as well as other documents we periodically file with the Securities and Exchange Commission.
Contact:
Press:
VOXUS, Inc.
Andrew Goss, 253-853-5151 x224
agoss@voxuspr.com
or
Investor Relations:
Equiti-trend Advisors LLC
800-953-3350 Toll-Free
858-436-3350 Local or International
investors@saflink.com
--------------------------------------------------------------------------------
Source: IdentiPHI, Inc.
IAMSAM
16 years ago
SGTP and FLO Partner to Promote Registered Traveler 2.0 to U.S. Government
Monday January 28, 9:27 am ET
Government travel group seeks to improve door-to-door travel experience in Washington, DC and across America
BETHESDA, Md., Jan. 28 /PRNewswire/ -- The Society of Government Travel Professionals (SGTP) today announced a preferred partnership agreement with FLO Corporation (OTC Bulletin Board: FLRP - News), a leading Registered Traveler (RT) services provider. Under the terms of the agreement some 550 SGTP members, government travel agencies with over $7 billion in government travel spend and approximately 5 million annual trips, will be offered FLO-SGTP preferred RT membership pricing.
FLO offers an RT solution that innovates on the platform developed during the U.S. Transportation Security Administration's (TSA) pilot programs. FLO members can choose between multiple card packages at different price points, featuring a wide array of benefits - all designed to improve travelers' convenience, productivity and safety throughout the door-to-door travel experience. Examples of FLO's Gold Card benefits include worldwide emergency travel assistance, proactive identity fraud protection and concession discounts. Platinum Card benefits include airline lounge access, premium concierge services, enhanced credit monitoring services, and numerous additional features.
"We are pleased to partner with FLO organization," said Rick Singer, SGTP's Executive Director. "Our members will be very excited about the value- added benefits packages offered by FLO, the favorable pricing and the all- important front-end discounts. We applaud FLO's vision for this new industry and the Transportation Security Administration for its foresight in requiring an interoperability standard for RT. Our members' travelers will be able to use their FLO cards at all RT-provisioned airports in the country while benefiting from all the other services FLO will provide to make their travels more productive and convenient."
Fred Fischer, FLO Senior Vice President for Strategic Sales stated, "We are grateful for the opportunity to partner with such a prestigious and innovative organization as SGTP. FLO's continued success in Washington, DC, and important markets throughout the country, validates our business model. Under TSA-mandated requirements, interoperability standards guarantee that any RT card will be accepted at every RT-provisioned airport. We will continue expanding the RT program nationwide by securing major corporate commitments and enhancing the value-added services we provide to our customers."
About Registered Traveler
For information about how RT works visit
http://www.flocard.com/about/how_flo_works.htm.
About STGP AnCon Conference
SGTP travel executives will be able to enroll in FLO's Registered Traveler 2.0 program using the rtGO platform in partnership with Unisys during the upcoming SGTP AnCon Convention February 6 through 8 in Alexandria, Virginia. www.sgtp.org
About FLO
FLO Corporation provides a comprehensive solution for the Registered Traveler program, which is administered by the U.S. Transportation Security Administration. FLO recently announced the execution of an agreement under which FLO has agreed to acquire the rtGO(SM) Registered Traveler business of Unisys Corporation (NYSE: UIS - News). The Registered Traveler program is designed to identify air passengers who pose a minimal security risk and then to provide those passengers with access to faster and simpler processing at airport security checkpoints. FLO Corporation has formed the "FLO Alliance" - strategic relationships with several companies with extensive expertise in credentialing, security, access control, customer service, travel services, political lobbying and corporate and consumer marketing - designed to develop, market, sell and deploy an end-to-end solution and to provide next-generation RT 2.0 membership benefits to qualified individuals for expedited security screening in designated lanes at participating airports in addition to receiving promotional offers and discounts offered by retail partners. The FLO Alliance partnership consists of FLO Corporation, Microsoft, JPMorgan Chase, Johnson Controls, Inc., Smiths Detection Inc., The Paradies Shops, International RAM and ID Technology Partners. For more information about the FLO program and Alliance visit http://www.flocard.com.
About SGTP
SGTP was formed in 1984 as a forum for open communication which was essential to realize the mutual goal of successful government travel management. SGTP's goals include education for both industry and government as well as providing a bridge between industry and government participants in the multi-billion dollar government travel industry. The government represented the single largest purchaser of travel in the world and wanted to leverage its buying power to realize substantial discounts and improved accountability.
FLO's NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains information about FLO's management's view of its future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. For example, our business will depend on our ability to establish and maintain strategic relationships with travel services, technology, and other companies. If we are unable to establish and maintain such relationships or if current relationships were to weaken, our actual results may differ materially from those indicated by the statements made in this release and our business could suffer. Other factors that could cause actual results to differ materially from historical results or those indicated by the statements in this release include, but are not limited to, risks and uncertainties associated with our financial condition, our planned acquisition of Unisys' rtGO(SM) Registered Traveler business, and our efforts to meet the TSA's requirements to offer Registered Traveler services to sponsoring entities as well as those included in our registration statement on Form 10-SB filed with the Securities and Exchange Commission on November 28, 2007, and other documents we periodically file with the Securities and Exchange Commission.
NOTE REGARDING TRADEMARKS
"FLO" is a trademark of FLO Corporation. The names of actual companies mentioned herein may be the trademarks of their respective owners.
SGTP Media Contact
Rick Singer - 443.801.2200
FLO Media Contact:
Amanda Cheslock - Sloane & Company - 212.446.1884 or acheslock@sloanepr.com
FLO Investor Contact:
Josh Hochberg - Sloane & Company - 212.446.1892 or jhochberg@sloanepr.com
IAMSAM
16 years ago
Saflink Retains Equiti-trend Advisors for Investor Relations
Friday January 25, 8:15 am ET
Agreement Expected to Enhance Awareness of New Strategies Post-Merger With IdentiPHI, Inc.
KIRKLAND, WA--(MARKET WIRE)--Jan 25, 2008 -- Saflink Corporation (OTC BB:SFLK.OB - News), a leading provider of solutions designed to verify identity, secure access and increase productivity, today announced it has retained Equiti-trend Advisors LLC to develop and implement a comprehensive investor awareness and shareholder relations program over the coming months. Equiti-trend, a San Diego-based investor relations agency, provides a variety of custom services for public companies seeking results-oriented investor awareness programs.
"Shareholder communications and market awareness are of critical importance to Saflink as we prepare for the proposed merger with IdentiPHI," said Steve Oyer, chief executive officer of Saflink. "The Equiti-trend team impressed us with their significant experience with micro-cap companies and their targeted communications resources. We look forward to working with them to articulate our new strategy and goals to current and future investors."
On September 4, 2007, the company announced the signing of a definitive merger agreement with IdentiPHI, Inc., an innovative leader in enterprise security solutions and services headquartered in Austin, Texas. The merger will combine Saflink's broad portfolio of biometric, smart card and cryptographic technologies and patents with IdentiPHI's comprehensive "best in class" enterprise security solutions and distribution partners. Saflink has called a special meeting of shareholders for February 7, 2008 to vote on the approval of the merger and other corporate initiatives.
"We are very impressed with the direction Saflink is heading and believe our team is well positioned to effectively communicate the value, long-term potential, and growth to the existing shareholders and potential investors," said James J. Mahoney, managing director of Equiti-trend Advisors.
Following shareholder approval and closing of the proposed merger, Saflink intends to change its name to IdentiPHI, Inc. and to move its headquarters to Austin, Texas.
About Equiti-trend
Equiti-trend Advisors LLC offers a complete package of auxiliary consulting and corporate services all designed to help emerging growth and middle market companies, in the public sector, realize working capital and achieve a fair market value for their stock.
About Saflink
Saflink Corporation offers biometric security, smart card and cryptographic technologies that help protect intellectual property and control access to secure facilities. Saflink security technologies are key components in identity assurance management solutions that allow administrators and security personnel to positively confirm a person's identity before access is granted. Saflink cryptographic technologies help to ensure that sensitive information is accessed only by the intended recipient(s). For more information, please visit http://www.saflink.com or call 800-762-9595.
NOTE: "Saflink" is a registered trademark of the Saflink Corporation.
This release contains information about our management's view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. You should be aware that our actual results could differ materially from those contained in the forward-looking statements due to a number of risks affecting our business. These factors include the risk that the proposed merger between Saflink and IdentiPHI may not be approved by our stockholders, IdentiPHI's or our inability to satisfy the closing conditions of the merger, the risk that the two companies' businesses will not be integrated successfully and the significant costs related to the proposed merger. Additional factors include, but are not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products, our ability to compete with competitors and the growth of the security market, and those included in our annual report on Form 10-K, as well as other documents we periodically file with the Securities and Exchange Commission.
Contact:
Contact:
Equiti-trend Advisors LLC
(800) 953-3350 Toll-free
(858) 436-3350 Local or International
Email Contact
--------------------------------------------------------------------------------
Source: Saflink Corporation
IAMSAM
16 years ago
FLO to Participate in Hilton HHonors(R) Program
Thursday January 24, 8:30 am ET
FLO seeks to improve the business travelers' door-to-door travel experience
CHANTILLY, Va., Jan. 24 /PRNewswire-FirstCall/ -- FLO Corporation (OTC Bulletin Board: FLRP - News), a leading Registered Traveler (RT) services provider today announced an agreement with Hilton HHonors® Worldwide. Under the terms of the agreement, as of February 15, 2008, Hilton HHonors members will be able to redeem HHonors points for an annual membership to FLO. This is the first national hotel customer loyalty program redemption agreement for FLO, wherein RT memberships can be acquired by redeeming loyalty points.
FLO offers a U.S. Transportation Security Administration approved RT solution that innovates on the platform developed during the TSA's pilot programs. FLO offers its members multiple card packages at different price points, featuring a wide array of benefits -- which FLO has designed to improve travelers' convenience, productivity and safety throughout the door- to-door travel experience. Examples of FLO's Gold Card benefits include worldwide emergency travel assistance, proactive identity fraud protection and concession discounts. Platinum Card benefits include airline lounge access, premium concierge services, enhanced credit monitoring services, and numerous additional features. FLO's marketing results validate this business model, which importantly, broadens the marketplace appeal of RT and reduces the risk of slow airport enrollment results.
The brands in the Hilton Family of Hotels are well known and respected and represent market leadership in their respective segments of the industry, whether in luxury, upscale, mid-priced, extended-stay or vacation ownership. Conrad Hilton purchased his first hotel in Cisco, Texas back in 1919. Since that time Hilton has grown to more than 2,900 hotels in cities all over the world. Hilton HHonors is the only guest reward program that lets members earn both HHonors points and airline miles for the same stay, with a choice of more than 50 airline partners, at any of more than 2,900 Hilton Family hotels.
"We are continually looking for ways to make travel easier and more convenient for HHonors members," said Adam Burke, Senior Vice President, Hilton HHonors. "We are pleased to welcome FLO as our newest HHonors redemption opportunity, and we hope that their services will offer our customers the opportunity to navigate selected airports more quickly and efficiently."
Glenn Argenbright, FLO Chief Executive Officer and President stated, "We are honored to be working with a company of Hilton's venerability. We are confident that the opportunity for travelers to redeem loyalty points for RT memberships will delight current members of HHonors."
You must be a member of Hilton HHonors to earn HHonors points. Hilton HHonors membership, earning of Points & Miles® and redemption of points are subject to HHonors Terms and Conditions.
About Registered Traveler
For information about how RT works visit
http://www.flocard.com/about/how_flo_works.htm.
About FLO
FLO Corporation provides a comprehensive solution for the Registered Traveler program, which is administered by the U.S. Transportation Security Administration. On April 16, 2007, FLO acquired all of Saflink Corporation's (OTC Bulletin Board: SFLK - News) Registered Traveler assets and certain liabilities related to its Registered Traveler business. FLO recently announced the execution of an agreement under which FLO has agreed to acquire the rtGO(sm) Registered Traveler business of Unisys Corporation (NYSE: UIS - News). The Registered Traveler program is designed to identify air passengers who pose a minimal security risk and then to provide those passengers with access to faster and simpler processing at airport security checkpoints. FLO Corporation has formed the "FLO Alliance" -- strategic relationships with several companies with extensive expertise in credentialing, security, access control, customer service, travel services, political lobbying and corporate and consumer marketing -- designed to develop, market, sell and deploy an end-to-end solution and to provide next-generation RT 2.0 membership benefits to qualified individuals for expedited security screening in designated lanes at participating airports in addition to receiving promotional offers and discounts offered by retail partners. The FLO Alliance partnership consists of FLO Corporation, Microsoft, JPMorgan Chase, Johnson Controls, Inc., Smiths Detection Inc., The Paradies Shops, International RAM and ID Technology Partners. For more information about the FLO program and Alliance visit http://www.flocard.com.
About Hilton Hotels Corporation
Hilton Hotels Corporation is the leading global hospitality company, with more than 2,900 hotels and 490,000 rooms in 76 countries and territories, including 100,000 team members worldwide.
The company owns, manages or franchises a hotel portfolio of some of the best known and highly regarded brands, including Hilton®, Conrad® Hotels & Resorts, Doubletree®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton Garden Inn®, Hilton Grand Vacations®, Homewood Suites by Hilton® and The Waldorf Astoria Collection®.
FLO's NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains information about FLO's management's view of its future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. For example, our business will depend on our ability to establish and maintain strategic relationships with travel services, technology, and other companies. If we are unable to establish and maintain such relationships or if current relationships were to weaken, our actual results may differ materially from those indicated by the statements made in this release and our business could suffer. Other factors that could cause actual results to differ materially from historical results or those indicated by the statements in this release include, but are not limited to, risks and uncertainties associated with our financial condition, our planned acquisition of Unisys' rtGO(sm)Registered Traveler business, and our efforts to meet the TSA's requirements to offer Registered Traveler services to sponsoring entities as well as those included in our registration statement on Form 10-SB filed with the Securities and Exchange Commission on November 28, 2007, and other documents we periodically file with the Securities and Exchange Commission.
NOTE REGARDING TRADEMARKS
"FLO" is a trademark of FLO Corporation. The names of actual companies mentioned herein may be the trademarks of their respective owners.
--------------------------------------------------------------------------------
Source: FLO Corporation
IAMSAM
16 years ago
SFLK -- LAN Gaming Selects IdentiPHI SAFsolution® for Biometric-based User Authentication and Parental Controls
January 22, 2008 08:00 AM Eastern Time
IdentiPHI SAFsolution First to Deliver Tighter Security for Children in Online Gaming Sessions within the Retail Setting
AUSTIN, Texas--(BUSINESS WIRE)--IdentiPHI, Inc., an innovative leader in enterprise security solutions and services, today announced that Washington-based LAN Gaming HQ has selected IdentiPHI SAFsolution Enterprise Edition for use in the industry’s first biometric-based user authentication program for multiplayer online gaming scenarios within the retail setting. Under the agreement, LAN Gaming HQ will incorporate IdentiPHI’s technology into a comprehensive in-store security system specifically designed to protect its customers through the use of a unique biometric identifier: their fingerprint. LAN Gaming HQ will use the biometric data to cross-reference users with a sexual offender database, further safeguarding young game players.
“Thanks to IdentiPHI, we have a groundbreaking technology being implemented at our LAN gaming store,” explained Travis Dorsey, LAN Gaming HQ president. “The use of SAFsolution makes it possible for us to provide new levels of safety for gaming customers visiting our stores. The ease of use, quick integration and enterprise capabilities of SAFsolution allow us to meet our own network security needs and protect our customers at the same time.”
LAN Gaming HQ creates shared local area networks in a retail setting that enable dozens of people to simultaneously participate in a LAN gaming session. This new scenario for in-person gaming presents unique security challenges, particularly for children. The incorporation of IdentiPHI SAFsolution into the company’s security system enables LAN Gaming HQ to offer parental controls for underage players and to cross-reference its users with the local and national authorities, adding yet another layer of protection for its customers.
“Our technology not only enables LAN Gaming HQ to incorporate state-of-the-art security measures, such as a strong parental control platform – it also improves business processes and accountability by ensuring gamers are not stealing time from other customer accounts,” noted Peter Gilbert, IdentiPHI CEO. “We believe our innovative solution will give LAN Gaming HQ a competitive advantage and help take them to the next level.”
IdentiPHI SAFsolution is an industry-leading biometric solution for enterprise-level logical access and identity management. Integrated tightly with Microsoft® Active Directory®, SAFsolution enables the use of stronger authentication methods – fingerprints, smart cards, and other biometric form-factors – for access to networked corporate assets and resources. The software is standards-compliant and has an open systems architecture, which means customers are not tied to one application, technology or device. This approach allows customers to select the best fit of authentication technologies and applications to meet their unique security needs.
About LAN Gaming HQ, LLC
Founded in 2007, LAN Gaming HQ represents the latest in co-operative and competitive gaming experiences, for the lowest price. By using the latest in biometric technology, along with the latest hardware and software from leading manufacturers in the world, LAN Gaming HQ has developed a unique, safe and secure environment where people of all ages can enjoy the newest games on the some of the best equipment for an unbelievable gaming experience.
For more information please contact prdepartment@langaminghq.com
About IdentiPHI
Headquartered in Austin Texas, IdentiPHI is an innovative technology company offering a comprehensive suite of enterprise security solutions and consulting services. Comprised of experienced thought-leaders and partners in the industry, IdentiPHI is setting the standard for what organizations are looking for in a security solution. IdentiPHI solutions deliver enhanced identity assurance throughout the enterprise. The company is defining security technology to meet the evolving challenges of today’s ever changing fast-paced business needs.
IdentiPHI, Inc. and Saflink® Corporation (OTC Bulletin Board: SFLK) recently announced a merger agreement. This merger is expected to strengthen IdentiPHI’s position in the enterprise security solutions market by combining a rich technology portfolio with established and growing distribution channels. For more information, call 888-436-8744, or visit www.identiphi.net.
NOTE: “SAFsolution” is a registered trademark of IdentiPHI, Inc. All other trademarks and registered trademarks are owned by their respective companies.
Contacts
IdentiPHI
John Atkinson, 540-771-0065
jatkinson@identiphi.net
or
VOXUS, Inc.
Andrew Goss, 253-853-5151, x224
agoss@voxuspr.com
http://www.businesswire.com/portal/site/home/index.jsp?epi-content=GENERIC&newsId=20080122005291&ndmHsc=v2*A1198414800000*B1201036183000*DgroupByDate*J2*L1*N1000837*Zsflk&newsLang=en&beanID=202776713&viewID=news_view
IAMSAM
16 years ago
FLO Corporation (FLRP) Commences Trading on OTCBB
Friday January 18, 8:24 am ET
Company becomes first Publicly-Traded "Pure Play" in the Evolving Registered Traveler Industry
CHANTILLY, Va., Jan. 18 /PRNewswire-FirstCall/ -- FLO Corporation (OTC Bulletin Board: FLRP - News) today announced that it has met all SEC and FINRA requirements for public trading and its shares were approved for trading on the OTC Bulletin Board as of January 15, 2008. With trading initiated, FLO secures its position as the only pure-play, publicly-traded company in the Registered Traveler (RT) industry.
"We are thrilled to be operating as a public company in such an exciting growth industry," said Glenn Argenbright, FLO president and CEO. "FLO is addressing the evolving RT market through a model that we believe is unique and differentiated from other service providers. In addition to offering our solution to airports and airlines to operate their RT programs we are working to leverage our strategic relationships to enroll individual business travelers in the RT program through corporate marketing and bulk sales to employers."
Argenbright continued, "With over a dozen domestic airports now participating in the program and new airports indicating their desire to launch RT initiatives in the coming months, we believe that critical mass is building for this emerging market. However, it is our view that this program is just getting started. With under seventy thousand RT members enrolled nationwide, we believe that only 1 percent of the addressable market has been registered thus far. As such, we believe an expanding network of RT locations combined with our marketplace positioning will aid in our efforts to capitalize on an enormous opportunity."
As previously announced, FLO has agreed to acquire Unisys' (NYSE: UIS - News) TSA-certified RT solution, "rtGO." The agreement to acquire the rtGO business includes the operation of the RT program at Reno/Tahoe International Airport. FLO believes the acquisition will allow it to focus on corporate and member acquisition and to expedite its time-to-entry in important travel markets across the country. The transaction allows FLO to focus its resources on those airports, markets and enrollment locations where it believes return on capital will be greatest and most measurable.
Argenbright concluded, "We believe we are well placed to capture significant market share in the year ahead. We're taking steps both to consolidate the playing field and to fulfill specific business objectives. We're now a public company with a strong institutional investor base. Moreover, we've secured commitments from corporations to provide our unique product offering to their employees, which we believe helps validate our business model. Considering the steps that we have taken, and plan to take in the near-term, we are excited about our prospects for 2008 and beyond."
About Registered Traveler
For information about how RT works visit
http://www.flocard.com/about/how_flo_works.htm .
About FLO Corporation
FLO Corporation provides a comprehensive solution for the Registered Traveler program, which is administered by the U.S. Transportation Security Administration. The Registered Traveler program is designed to identify air passengers who pose a minimal security risk and then to provide those passengers with access to faster and simpler processing at airport security checkpoints. FLO Corporation has formed the "FLO Alliance" -- strategic relationships with several companies with extensive expertise in credentialing, security, access control, customer service, travel services, political lobbying and corporate and consumer marketing -- designed to develop, market, sell and deploy an end-to-end solution and to provide next- generation RT 2.0 membership benefits to qualified individuals for expedited security screening in designated lanes at participating airports in addition to receiving promotional offers and discounts offered by retail partners. The FLO Alliance partnership consists of FLO Corporation, Microsoft, JPMorgan Chase, Smiths Detection Inc., The Paradies Shops, International RAM and ID Technology Partners. On October 5, 2007, FLO agreed to purchase certain assets related to Unisys's rtGO Registered Traveler business, including enrollment and verification kiosks and related equipment, intellectual property, prepaid rtGO memberships, the designation and certification of Unisys's Registered Traveler technology under the SAFETY Act, and certain material contracts used in Unisys's rtGO Registered Traveler business. Each party's obligation to complete the transaction is subject to the satisfaction or waiver of various conditions, including but not limited to the receipt of consent to assignment of certain agreements with third parties, our receipt of certification from the American Association of Airport Executives, and the receipt of approval of the U.S. Department of Homeland Security to the transfer to us of the designation and certification of Unisys's Registered Traveler technology under the SAFETY Act. For more information about the FLO program and Alliance visit http://www.flocard.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains information about our management's view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. For example, our business will depend on our ability to establish and maintain strategic relationships with travel services, technology, and other companies. If we are unable to establish and maintain such relationships, or if current relationships were to weaken, our actual results may differ materially from those indicated by the statements made in this release and our business could suffer. In addition, there is a very limited number of public companies with any Registered Traveler operations. Although a market maker has filed with the FINRA OTC Compliance Unit the forms required to initiate quotations of our common stock on the OTCBB, there may not be sufficient investor interest in our company for the development of an active trading market. If an active trading market does not develop, you may have difficulty selling any shares that you buy. Further, if we do not close the rtGO acquisition, or if we are unable to successfully integrate the Unisys rtGO solution in a timely manner, our business and future prospects could be harmed. We expect to close the transaction during the first quarter of 2008. However, we may be unable to close this transaction. Currently, we do not have sufficient funds to complete the rtGO acquisition, do not have any arrangements in place for any future financings, and may not be able to secure sufficient financing on favorable terms, or at all. Our failure to close this transaction could harm our financial condition and future prospects and we may not achieve the expected benefits of the transaction in the near term, or at all. Other factors that could cause actual results to differ materially from historical results or those indicated by the statements in this release include, but are not limited to, risks and uncertainties associated with our financial condition, our planned acquisition of Unisys's rtGO RT business, and our efforts to meet the TSA's requirements to offer RT services to sponsoring entities, as well as those included in our registration statement on Form 10- SB filed with the Securities and Exchange Commission on December 10, 2007, and other documents we periodically file with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Source: FLO Corporation
Fati
17 years ago
Saflink and IdentiPHI Announce Merger Agreement
Merger Expected to Strengthen Position in Enterprise Security Solutions
Market by Combining Rich Technology Portfolio with Established and Growing
Distribution Channels
KIRKLAND, Wash., and AUSTIN, Texas, Sept. 4 /PRNewswire-FirstCall/ --
Saflink Corporation (OTC Bulletin Board: SFLK), a leading provider of
solutions designed to verify identity, secure access and increase
productivity, and IdentiPHI, Inc., a privately held provider of enterprise
security solutions and consulting services, jointly announced today that
they have entered into a definitive merger agreement under which Saflink
and IdentiPHI will combine into a single, publicly held company.
Under the terms of the merger agreement, Saflink will acquire all of
the outstanding shares of IdentiPHI in a stock-for-stock transaction where
all of the outstanding shares of IdentiPHI common stock will be exchanged
for an aggregate of 614,981,516 shares of Saflink common stock. Upon
completion of the merger, the former security holders of IdentiPHI would
hold approximately 75 percent of Saflink's common stock and the security
holders of Saflink would continue to hold the remaining 25 percent of
Saflink's common stock. The merger agreement has been unanimously approved
by both companies' boards of directors and by IdentiPHI's stockholders. The
merger is subject to customary closing conditions, including the approval
of Saflink's stockholders, and is expected to close by the end of 2007.
Following the completion of the merger, the combined company will
operate as IdentiPHI, Inc. with its headquarters in Austin, Texas. The
existing management teams will combine as a result of the merger with Steve
Oyer, who took on the role of interim CEO with Saflink last September, to
serve as Chairman and CEO of the combined company, and Peter Gilbert,
current IdentiPHI CEO, as Vice Chairman and Senior Vice President of Sales
and Marketing. From the IdentiPHI management team, John Atkinson will serve
as President and Mark Norwalk as CTO for the combined company, while from
the Saflink team, Jeff Dick will serve as the CFO and Brian Wilchusky as
Vice President of Marketing.
The seeds of the merger were sown following the successful
collaboration on the sale of Saflink's market-leading biometric middleware
product lines -- SAFsolution(R) and SAFmodule(R) -- to IdentiPHI earlier
this year. Subsequently, IdentiPHI was able to upgrade and seamlessly
integrate this technology into its security software suite and has begun an
aggressive global sales and marketing campaign. This merger brings together
IdentiPHI's reputation as a trusted provider of "best in class" enterprise
security solutions to major computer manufacturers, integrators and
customers with Saflink's biometric security, smart card and cryptographic
technologies and related patent portfolio. The combined resources create a
powerful and flexible platform to launch additional integrated biometric
and security solutions into the commercial and government markets.
"Our strategy over the last ten months has remained consistent and
clear -- stabilize Saflink's financial condition, restructure our
businesses and find the best way to monetize our core technology portfolio.
This merger is the culmination of these efforts," said Steve Oyer, CEO of
Saflink. "I expect the combination with IdentiPHI to provide a unique
alchemy of world class sales and distribution infrastructure, state of the
art security software expertise and proprietary products and technology
that will be a winning combination for the customers, stockholders and
employees of both companies. I appreciate the vote of confidence and
significant opportunity that IdentiPHI's shareholders along with Peter
Gilbert and the management team have given to me when they asked me to lead
the organization. I look forward to working with this exceptional team and
believe we are poised to capitalize on the tremendous growth of security
initiatives worldwide."
Peter Gilbert, CEO of IdentiPHI, added, "With the growth of our
business over the last few years we believe the combination of the two
companies is the next logical step to accomplish our strategic objectives.
As a public company we believe we will have the liquidity, transparency and
access to the capital markets to provide us with the resources to continue
the trajectory we have been on. By uniting Saflink's strong portfolio of
complementary intellectual property with our current solutions, we have the
opportunity to create competitive advantages within the marketplace and the
ability to get them to customers through our established distribution
relationships." Mr. Gilbert continued, "In addition to the strategic
advantages of the merger, Steve Oyer's steady hand at Saflink during its
transition was a critical factor in our decision to pursue this
transaction. I strongly believe the combined company will benefit from his
leadership as we continue to exploit the enormous growth potential in the
enterprise security arena."
Saflink will hold a conference call to discuss this announcement and
other recent events at 4:30 pm EDT on Thursday, September 6, 2007. Saflink
may provide forward-looking information on this call. To listen to the
conference please call 1-888-694-4676, domestically, or 973-582-2737,
internationally. A recording of the call will be available on the Investors
page of the Saflink website for thirty days after the call.
About Saflink
Saflink Corporation offers biometric security, smart card and
cryptographic technologies that help protect intellectual property and
control access to secure facilities. Saflink security technologies are key
components in identity assurance management solutions that allow
administrators and security personnel to positively confirm a person's
identity before access is granted. Saflink cryptographic technologies help
to ensure that sensitive information is accessed only by the intended
recipient(s). For more information, please visit http://www.saflink.com or
call 800-762-9595.
About IdentiPHI
Headquartered in Austin Texas, IdentiPHI is an innovative technology
company offering a comprehensive suite of enterprise security solutions and
consulting services. Comprised of experienced partners and thought-leaders
in the industry, IdentiPHI is setting the standard for what companies are
looking for in security solution. IdentiPHI provides flexible tools that
meet or exceed current legislation requirements to strengthen identity
management and authentication systems. We are defining security technology
to meet the evolving challenges of today's fast-paced business needs. For
more information please call our toll free line at 888-436-8744, or visit
http://www.identiphi.net.
NOTE: "Saflink" is a registered trademark of the Saflink Corporation.
"SAFsolution" and SAFmodule" are registered trademarks of IdentiPHI, Inc.
This release contains information about our management's view of our
future expectations, plans and prospects that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from historical results or those indicated by these
forward-looking statements as a result of a variety of factors. Some of
these factors include, but are not limited to, risks and uncertainties
associated with our financial condition, our ability to sell our products,
our ability to compete with competitors and the growth of the security
market, and those included in our annual report on Form 10-K, as well as
other documents we periodically file with the Securities and Exchange
Commission.
SAFLINK MEDIA CONTACT:
Sterling Communications, Inc.
Katie James
(206) 388-5758
kjames@sterlingpr.com
SAFLINK INVESTOR RELATIONS CONTACT:
Investor Awareness, Inc.
Tony Schor (847) 945-2222
tony@investorawareness.com
IDENTIPHI MEDIA CONTACT:
John Atkinson
(703) 945-1720
jatkinson@identiphi.net
SOURCE Saflink Corporation
--------------------------------------------------------------------------------
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Related links:
http://www.saflink.com
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ftb
17 years ago
8-K today-starting to pay debt in cash
http://phx.corporate-ir.net/phoenix.zhtml?c=63232&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2...
<edit>
On June 29, 2007, we notified the debenture holders that we would be paying the July 2007 redemption amount due in a combination consisting of 50% cash and 50% shares of our common stock. On July 2, 2007, we issued 6,953,628 shares of our common stock to the debenture holders, which when added to the 972,248 shares of our common stock that we issued to current debenture holders on June 4, 2007, represents an aggregate of 7,925,876 shares of our common stock issued in payment of 50% of the $437,508 July 2007 monthly redemption amount. The other 50% of the July 2007 redemption amount, or $218,754, was paid in cash.
In addition, on June 29, 2007, we notified the debenture holders of our election to pay future interest payments under the debentures in cash until revised by a subsequent notice. Therefore, no shares of common stock were issued for the July 1 interest payment.
Lastly, we did not elect to pay the debenture holder in shares of common stock for the monthly redemption amount due on August 1, 2007. As a result, we are not obligated to issue any shares of our common stock to be applied against the August 2007 monthly redemption amount.
IAMSAM
17 years ago
Form 8-K for SAFLINK CORP
--------------------------------------------------------------------------------
5-Mar-2007
Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition
Item 1.01 Entry into a Material Definitive Agreement.
On February 27, 2007, we entered into a Software Rights Agreement with an industry-leading enterprise security solutions provider, whereby we sold our rights in our SAFsolution and SAFmodule software programs for an initial payment of $778,000 plus deferred payments due quarterly over a period of three years. The amount of the deferred payments will be equal to a percentage of the provider's gross margin on sales that include the software programs' source code, including (i) 20% of gross margin on OEM sales that include SAFsolution,
(ii) 15% of gross margin on non-OEM sales that include SAFsolution, and
(iii) 30% of gross margin on sales that include SAFmodule.
The agreement contains customary provisions regarding audit rights and intellectual property warranties, as well as provisions regarding the enforcement of certain intellectual property rights.
Item 2.01 Completion of Acquisition or Disposition of Assets.
On February 27, 2007, we sold our rights in our SAFsolution and SAFmodule software programs as described in Item 1.01 above.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On February 27, 2007, Frank J. Cilluffo resigned as a member of our board of directors and will no longer serve as a director. Mr. Cilluffo indicated that his resignation was for personal reasons and did not indicate that it was due to any disagreement with us on any matter relating to our operations, policies, practices, or otherwise. We appreciate Mr. Cilluffo's service to Saflink, who is the Associate Vice President for Homeland Security at The George Washington University and will be focusing his efforts to lead the university's Homeland Security Policy Institute.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press release of Saflink Corporation dated March 2, 2007
Ispro
17 years ago
Has ANYBODY realized WHO bought SAF?!!!!!!
IdentiPHI Acquires SAFsolution and SAFmodule Software
Acquisition broadens IdentiPHI's product base to provide enterprise-grade security to its customers.
http://sev.prnewswire.com/computer-electronics/20070313/AQTU03613032007-1.html
AUSTIN, Texas, March 13 /PRNewswire/ -- IdentiPHI LLC, announces the purchase of SAFsolution and SAFmodule software from Saflink(R) Corporation and received certain rights under Saflink's patent portfolio. The terms of the agreement were composed of an up-front cash investment as well as ongoing royalties for three years. As part of this agreement, IdentiPHI will assume responsibility for all SAFsolution and SAFmodule customers and resellers.
SAFsolution and SAFmodule are market-leading biometric authentication products that provide enterprise-level security solutions for corporate and government users. Strong authentication methods such as smart cards and fingerprints as well as other biometric methods such as facial recognition, iris, and retina pattern may be used to authenticate users to corporate resources. SAFsolution integrates Microsoft(R) Windows(R) Active Directory to boost network and workstation authentication security and simplify or eliminate password management. SAFmodule brings biometric authentication to Novell(R) eDirectory(TM) networks.
IdentiPHI has been in the authentication and identity management market as an OEM provider of integrated third party products for many years. This acquisition allows IdentiPHI to manage and develop its own intellectual property. IdentiPHI will continue to maintain and grow the existing partnership with Bio-Key International to provide the biometric middleware which will allow IdentiPHI to maintain a hardware-agnostic approach to support biometric hardware.
IdentiPHI will be releasing a major update of the SAFsolution code in summer 2007 to support Microsoft Vista as well as 64-bit versions of Server 2003 and Longhorn. Subsequent releases in late 2007 will incorporate additional security features such as Trusted Platform Module support for key management applications and file / folder encryption. IdentiPHI will further expand on the software offerings of other partners to enhance biometric support to our IdentiPHI Single Sign-On product which is an OEM from ActivIdentity.
"The acquisition of an industry leading brand combined with our existing market experience will clearly place IdentiPHI at the top position in this marketplace. The biometric market has been expanding recently as more and more computer manufacturers are imbedding sensors into their notebook platforms. This is the sign that biometrics have made the mainstream and we see exponential growth from here." says Peter Gilbert, CEO of IdentiPHI.
In addition to the software products acquired, IdentiPHI received a royalty-free, non-exclusive license right of use for Saflink's Patent No. 6,618,806, or 806 Patent, issued September 9, 2003. The terms of the agreement include provisions for IdentiPHI to jointly enforce and seek remedies from infringers of this patent with Saflink. Many existing biometric solution providers use a matching process similar to the one outlined in the 806 patent. The 806 Patent is a process for controlling access to a computer network using biometric authentication. The patent primarily addresses a critical step in biometric authentication -- the policy system. The invention provides the flexibility administrators need to tailor biometric security for users within their organization. This patent describes how to control access in a computer network environment with a policy-based biometric authentication solution. For instance, it applies to systems that obtain a user's ID, determines which biometric to use for authentication (using either a user-specific policy or a system default policy), captures the user's biometric, compares the live sample to a record on file, and allows the user to log on if matched.
IdentiPHI has partnered with Dell for FOSE 2007 in Washington DC. Stop by to see SAFsolution as well as encryption solutions for US Federal government and the Dell HSPD-12 order ready package.
About IdentiPHI
Headquartered in Austin Texas, IdentiPHI is an innovative technology company offering a comprehensive suite of enterprise security solutions and consulting services. Comprised of experienced partners and thought-leaders in the industry, IdentiPHI is setting the standard for what companies are looking for in security solution. IdentiPHI provides flexible tools that meet or exceed current legislation requirements to strengthen identity management and authentication systems. We are defining security technology to meet the evolving challenges of today's fast-paced business needs. For more information please call our toll free line at 888-436-8744, or visit http://www.identiphi.net/.
PR contact Carey Shaw for IdentiPHI at
512-492-6220, Ext. 118 or cshaw@identiphi.net.
Website: http://www.identiphi.net/
THEY are partnering with DELL(for HSPD-12)!!!
BR
ISPRO
IAMSAM
17 years ago
Friday March 2, 8:00 am ET
Company Reaches Agreement to Sell SAFsolution and SAFmodule Source Code
KIRKLAND, Wash., March 2 /PRNewswire-FirstCall/ -- Saflink® Corporation (Nasdaq: SFLK - News), a leading provider of solutions that verify identity, secure access and increase productivity, today announced the sale of SAFsolution and SAFmodule source code to an industry-leading enterprise security solutions provider. According to the terms of the agreement, Saflink received $778,000 in cash and will also receive royalties on sales during the next three years that incorporate the SAFsolution or SAFmodule source code.
The buyer of Saflink's technologies is a privately-held entity with an established distribution and significant relationships with top-tier, global computer manufacturers. The opportunity includes the ability to bundle SAFsolution and SAFmodule into software that is included on laptops and PCs manufactured by the buyer's partners and sold to corporate, government and retail customers. Based on current sales projections from the buyer, Saflink believes the royalties could be a multi-million dollar income stream during the next three years. Other terms of the agreement include the buyer taking over Saflink's current customer base for SAFsolution and SAFmodule.
"We're very pleased to conclude this agreement and are excited about its positive financial impact to the future of Saflink," said Steve Oyer, CEO, Saflink. "This transaction confirms our commitment to the strategy of Saflink's core technology group - to leverage our strong intellectual property portfolio to strategic partners who can monetize our technologies with collaborative business models that are mutually beneficial."
These biometric middleware products provide enterprise-grade security through a variety of strong authentication methods, including biometrics and smart cards. SAFsolution integrates with Microsoft® Windows® Active Directory® to boost network and workstation authentication security and simplify or eliminate password management. Similarly, SAFmodule brings biometric authentication to Novell® eDirectory(TM) networks by coupling Saflink proven multi-biometric security components with the Novell Modular Authentication Service® (NMAS).
About Saflink
Saflink Corporation offers biometric security solutions and smart card and cryptographic technologies that help protect intellectual property, secure information and eliminate passwords. Saflink technologies provide the basis for identity assurance management solutions that allow administrators to verify the identity of users and control access to computer networks, facilities and applications. Winner of several awards in 2006, Saflink has been recognized by organizations such as Software Magazine's Software 500 and Access Control & Security Systems. For more information, please visit http://www.saflink.com or call 800-762-9595.
NOTE: "Saflink" is a registered trademark of Saflink Corporation. All other trademarks and registered trademarks are owned by their respective companies.
This release contains information about our management's view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. For example, we have not generated any significant sales of our products within the competitive commercial market, including our SAFsolution and SAFmodule products, nor have we demonstrated sales techniques or promotional activities that have proven to be successful on a consistent basis. If the company to whom we sold these software products does not promote the products, our ability to generate royalty revenue may be limited and our business and financial condition could suffer. Other factors include, but are not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products, our ability to compete with competitors and the growth of the security market, and those included in our annual report on Form 10-K, as well as other documents we periodically file with the Securities and Exchange Commission.
Saflink PRESS CONTACT:
Sterling Communications
Katie James
(206) 388-5764
kjames@sterlingpr.com
INVESTOR RELATIONS CONTACT:
Investor Awareness, Inc.
Tony Schor
(847) 945-2222
tony@investorawareness.com
--------------------------------------------------------------------------------
Source: Saflink Corporation
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