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IQ Biometrix, Inc

PO Box 270323
Houston, TX 77277-0323



 


PRESS RELEASES



IQ Biometrix Announces Appointment of Daniel P. McKelvey to its Board of Directors

FREMONT, Calif., March 29, 2004 -- IQ Biometrix Inc. (OTCBB:IQBM), a provider of biometric solutions, announced today that Daniel P. McKelvey has joined the company's board of directors effective immediately.

“Daniel McKelvey’s extensive background in finance and capital markets will be of tremendous assistance in evaluating new technologies and business opportunities,” said William Scigliano, Chairman and CEO of IQBM.

Mr. McKelvey has more than 15 years experience in corporate finance, private equity, and business consulting, specializing in the technology and capital markets sectors. He is a co-founder and managing member of Forté Capital Partners, a private equity firm based in San Francisco and focused on the technology and telecommunications industries. Forté Capital Partners is the general partner of Special Equity IV: both Forté Capital Partners and Special Equity IV are shareholders of IQBM.

In 1996 Mr. McKelvey also co-founded and directed the investment banking practice of Forté Capital, a New York-based asset management firm with over $500 million in assets. Prior to that, he spent eight years working for Accenture (formerly Andersen Consulting) in their financial services practice where he built equity trading and risk management systems. He also worked for Donaldson Lufkin & Jenrette and Goldman Sachs in New York and The Capital Group in Los Angeles. He received a Bachelor of Science in Mathematics and Computer Science with honors from the University of New Hampshire.

In announcing Mr. McKelvey’s appointment, Mr. Scigliano confirmed that Morden Lazarus has stepped down from the company’s board of directors.

"Mr. Lazarus has made important contributions to IQ Biometrix over the past two years, serving the company well through its initial operations,” said Mr. Scigliano. “I want to thank him for the insight and assistance he has provided to me and the company.”

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.
Contact Information:
Liviakis Financial Communications
John Liviakis
Tel: 415-389-4670

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