IQ Biometrix Announces Symbol Change to IQBM
CUPERTINO, Calif. Nov. 12, 2002
IQ Biometrix Inc., the operating entity of JVWeb Inc., announced that effective immediately its stock symbol will be IQBM; the previous stock symbol was JVWW. The Company's corporate name will also change to IQ Biometrix Inc. from JVWeb Inc.
IQ Biometrix is a worldwide provider of facial comparison security software, FACES, The Ultimate Composite Picture.
FACES 3.0 has been in the market for four years, and is used by more than 5,000 police and intelligence agencies, including the Federal Bureau of Investigation (FBI) and the U.S. military. Through the application of a common alphanumeric ID code all of these law enforcement agencies can quickly and effectively work together to apprehend criminals. FACES also functions as a problem prevention application in several hundred schools. Learn more about FACES: www.iqbiometrix.com
The Company recently announced a strategic alliance with TRAK, "Technology to Recover Abducted Kids," a computer software system that was originally designed to help law enforcement agencies locate and recover abducted children. Learn more at http://socialtech.trak.org/.
IQ Biometrix has a long-term, close relationship with the Fox Network television series "America's Most Wanted," (AMW) which is viewed by 15 million people weekly. AMW has adopted the FACES software as a crime-solving tool. The host of the series, John Walsh, is the official spokesperson for the FACES software. FACES is featured on the America's most wanted Web site's homepage at www.amw.com
Except for historical information, the matters set forth herein which are forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, the level of government, business and consumer spending for computer software; the market acceptance and amount of sales of the Company's products; the competitive environment within the facial recognition software industry, the Company's ability to raise additional capital, the extent and cost-effectiveness with which the Company is able to develop, acquire or license marketable products, and the market acceptance and successful technical and economic implementation of the Company's programs. Investors are directed to consider other risks and uncertainties in documents including forms 8K and 10QSB, filed by the Company with the Securities and Exchange Commission, www.sec.gov.
IQ Biometrix Inc.
Greg Micek, 559/347-6688
Robert Schechter, 212/499-6809
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