· Media Center
    · Main Page
    · Press Releases

    · Image Bank
    · Videos
    · Media Contacts


IQ Biometrix, Inc

PO Box 270323
Houston, TX 77277-0323



IQ Biometrix Management Changes: Greg Micek - President, Paul Schroeder - Chief Financial Officer

CUPERTINO, 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.

Greg 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.

Paul 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.

Recently 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

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.

Contact Information:
Media Contact:
IQ Biometrix Inc.
Greg Micek, 559/347-6688
Equity Communications
Investor Contact:
Robert Schechter, 212/499-6809

Back to Press Releases


Copyright © 2003 IQ Biometrix - All rights reserved.