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1-800-516-4065

IQ Biometrix, Inc

PO Box 270323
Houston, TX 77277-0323



 


PRESS RELEASES



IQ BIOMETRIX ANNOUNCES EFFECTIVENESS OF REVERSE STOCK SPLIT AND NEW STOCK SYMBOL

FREMONT, Calif., December 2, 2004 -- IQ Biometrix, Inc. (OTCBB:IQBM) (OTCBB:IQBX), a worldwide provider of integrated law enforcement and security solutions, announced today that the 1-for-4 reverse split of its outstanding common stock was effective on Monday, November 29, 2004. IQ Biometrix’s common stock will begin trading on a post-split, consolidated basis when the market opens on Friday, December 3, 2004.

Due to the reverse split, which is part of the company’s completion of its merger with Wherify Wireless, Inc., the company’s stock trading symbol on the Over-The-Counter Bulletin Board will be changed from IQBM to IQBX.

No fractional shares of common stock will be issued in connection with the reverse stock split. In instances where the reverse stock split would result in a stockholder becoming the holder of a fractional interest in a share of common stock, the number of shares held by such stockholder will be rounded down to the nearest whole share, and the stockholder will receive a cash payment equal to the product of (i) the closing sales price of the common stock on November 29, 2004, the effective date of the reverse stock split, multiplied by (ii) the fractional interest.

The company’s transfer agent, American Stock Transfer and Trust Company, will be mailing out appropriate documentation to the Company’s stockholders regarding the exchange of certificates for common stock.

About IQ Biometrix, Inc.

IQ Biometrix, Inc. (IQBM) provides law enforcement and security technology solutions for government and private industry. IQ Biometrix, an innovative California-based company is a leading provider of facial composite technology for law enforcement agencies in North America. FACES(TM) is currently used by thousands of policing agencies worldwide, including the Central Intelligence Agency and the Federal Bureau of Investigation. IQBM is currently developing new applications based on this foundation technology tailored to meet the needs of national, business and personal security. Its solutions practice is focused on integrating IQBM and partner technologies to provide customized responses to client needs. Further information about IQBM can be found at www.iqbiometrix.com.

About Wherify Wireless, Inc.

Wherify Wireless, Inc. is a privately-held developer of patented wireless location products and services for child safety, parental supervision, personal protection, Alzheimer and memory loss, supervision, law enforcement, security, animal identification, and property asset tracking. The company's proprietary integration of the U.S. government's global positioning system (GPS), Wherify patented back-end location service engine, and wireless communication technologies will enable customers to obtain real-time location information on individuals and property directly through the Internet or any phone. Founded in March 1998, Wherify Wireless is located in Redwood Shores, Calif. For more information, or to purchase Wherify products, visit the company's website at www.wherify.com.

Contact:

IQ Biometrix, Inc.
Mike Walsh, 888-321-5553
or
Liviakis Financial Communications
John Liviakis, 415-389-4670

Wherify Wireless, Inc.
Steve Heninger, 650-551-5251


 

 


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