Biometrix Signs Pact with Leading Merger and Acquisition
DC area based National Capital Retained
to Assist IQ Biometrix in Planned M & A Growth Strategy
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
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
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.
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.
Financial Communications, Inc.
John Liviakis, 415-389-4670
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