Biosec AG to offer product sales and technical support for Swiss market
SEATTLE, March 29 /PRNewswire-FirstCall/ -- Veridicom International Inc
(OTC Bulletin Board: VRDI) today announced that it has signed an agreement
with a Swiss distributor, Biosec AG, to coordinate and support the sale and
distribution of Veridicom hardware and software solutions throughout
Switzerland. In conjunction with the agreement, Biosec AG has placed an
initial order valued at approximately $2.8 million USD, with the first
delivery of product projected to take place during the next 90 days.
"We are extremely pleased to represent Veridicom in Switzerland," stated
Roger Zaugg, Managing Director for Biosec AG. "Switzerland is increasing its
use of multi-factor authentication for IT security. We have already received
considerable interest in Veridicom's solutions, and our initial order will be
used to provide available inventory and to support current and anticipated
projects through the end of the year."
"Switzerland is an important market for us and we are delighted to have a
partner with Biosec AG's stature provide on-the-ground support to our Swiss
customers" stated Paul Mann, President & CEO of Veridicom International. "We
believe that Biosec will greatly assist Veridicom in penetrating the
multinational financial, pharmaceutical and government organizations based in
Switzerland."
About Veridicom International Inc
Veridicom International offers a suite of identity management products,
including hardware and software that utilize public key infrastructure (PKI),
secure token-based technology, and fingerprint biometrics to authenticate and
manage personal identities for a wide variety of applications and
transactions. This platform provides a biometrically authenticated digital
signature for financial, travel, and other applications. Veridicom's patented
authentication and transaction technology enables real-time authentication of
individuals anytime, anywhere, via the Internet, point-of-sale, security kiosk
and mobile devices. http://www.veridicom.com
Statements about the Company's future expectations, including future
revenues and earnings, and all other statements in this press release other
than historical facts, are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbors created thereby. The Company's
actual results could differ materially from expected results as a result of a
number of factors, including general business conditions in the industry,
changes in demand for products, the timing and amount or cancellation of
orders, the uncertainties in research and development programs, the evaluation
of potential opportunities, the level of corporate expenditures, capital
market conditions, and others set forth in the Company's periodic reports as
filed with the Securities and Exchange Commission and published on the Edgar
System.
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SOURCE Veridicom International Inc
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Related links:
http://www.veridicom.com
CONTACT:
Paul Mann President & CEO of Veridicom
International, Inc., +1-604-696-0633; or Stuart Fine of Carpe DM,
Inc. +1-908-490-0075, for Veridicom
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