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IQ Biometrix, Inc

PO Box 270323
Houston, TX 77277-0323



 


PRESS RELEASES



IQ Biometrix Signs Pact with Leading Merger and Acquisition Banking Firm

Washington, DC area based National Capital Retained
to Assist IQ Biometrix in Planned M & A Growth Strategy

FREMONT, CA, June 12, 2003: IQ Biometrix Inc. (OTCBB:IQBM) announced today it has retained National Capital Companies, LLC, a leading boutique M & A banking firm based in the Washington DC area.

Bill Scigliano, IQ Biometrix’s CEO, commented, "National Capital has impressed me with their in-depth understanding of the public safety and homeland security markets, their proven track record in M&A execution and finally their extensive network of contacts with companies that provide security products and related services to commercial and government (i.e. federal, state and municipal) customers. National Capital has identified several compelling targets and will be implementing a comprehensive and sustained campaign to bring on board high quality accretive acquisitions. Target acquisitions are expected to enhance our capabilities while expanding our customer base and distribution. The acquisition program will supplement the organic growth that we are projecting for 2003."

About IQ Biometrix: 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 is currently used by thousands of policing agencies worldwide, including the Central Intelligence Agency and the Federal Bureau of Investigation. For further information on FACES technology please visit our website at www.iqbiometrix.com.

Safe Harbor Statement
To the extent that any of the statements contained herein are forward-looking, such statements are based on current expectations that involve a number of uncertainties and risks. Such uncertainties and risks include, but are not limited to, growth in the NAS market, market acceptance of products, the development of new products, the enhancement of existing products, manufacturing delays, dependence on principal customers, competitive pricing pressures, product volume and mix, global economic conditions, dependence on international operations, availability of key components, timing of orders received, and introduction of competitor products having technological and/or pricing advantages. As a result, the Company's operating results may fluctuate, especially when measured on a quarterly basis. Actual results may differ materially from such expectations. Investors are directed to consider other risks and uncertainties in documents, including forms 8K and 10QSB, filed by the com! pany with the Securities and Exchange Commission, www.sec.gov.

Contact:

Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670
E-mail: info@liviakis.com

 

 


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