Biometrix Announces Appointment of Daniel P. McKelvey to
its Board of Directors
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
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.
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.
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
Mr. McKelvey’s appointment, Mr. Scigliano confirmed
that Morden Lazarus has stepped down from the company’s
board of directors.
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.”
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.
Liviakis Financial Communications
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