Biometrix Management Changes: Greg Micek - President, Paul
Schroeder - Chief Financial Officer
Calif. Sept. 26, 2002 - The board of directors of IQ Biometrix.,
a subsidiary of JVWeb Inc. (OTCBB:JVWW.OB), a worldwide
provider of facial comparison security software, announced
today that Greg Micek will become the company's president
and Paul Schroeder will become the chief financial officer.
Micek was most recently chief financial officer of the company.
He came to IQ Biometrix with more than 19 years of general
business management background, as a chief executive officer
and chief financial officer with the Micek Group and JVWeb
Inc. He was also the president and CEO of Hyperdynamics
Corporation. In 1991 and 1992, he worked with Parker Brothers
as a business reorganization consultant.
Schroeder was most recently controller of the company. Prior
to joining the company he was controller at Berg McAfee
Companies and Cagan McAfee Capital Partners, both of Cupertino,
Calif., with responsibility for daily operations and information
flow between vendors and management. Mr. Schroeder operated
a retail service company from inception to a high of seventeen
outlets and 150 employees.
the company announced that it was beginning the beta test
of FACES 4.0 and that it expects to introduce the final
upgrade for its FACES software in early Fall 2002. FACES
3.0, The Ultimate Composite Picture, has been a key element
in the capture of criminals. FACES 4.0 is based on an extensive
library of over 5,000 different facial features -- 1,200
more than version 3.0 -- including scars, tattoos, earrings
and piercings, and many other unique facial traits. The
features can be combined, through a software program, into
unique facial composites. 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. Learn more about FACES: www.iqbiometrix.com
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
to Press Releases