ComCam Signs Biometric Technology Partnership Agreement with Asia-Software
March 21 2005 - 7:48AM
PR Newswire (US)
ComCam Signs Biometric Technology Partnership Agreement with
Asia-Software WEST CHESTER, Pa., March 21 /PRNewswire-FirstCall/ --
ComCam, Inc. (OTC:CMCA) (BULLETIN BOARD: CMCA) today announced that
it has signed the first of several expected contracts with
Asia-Software Ltd., that encompass distribution of both company's
current products and new joint product development integration
targeted at security, medical and access control markets. ComCam
will have the distribution rights to Asia-Software face recognition
products for all markets outside the Commonwealth of Independent
States (CIS). Asia-Software will have distribution rights for
ComCam products for the CIS markets. ComCam CEO, Don Gilbreath,
"Asia Software Ltd. has an impressive track record in the
biometrics security market. In several countries, the police use
their system to catch thieves and hardened criminals; the
Ministries of Internal Affairs use this product to approve
passports, visas, and drivers licenses, and the intelligence
community uses it to catch terrorists. We are extremely interested
in seamless integration of 'best of breed' algorithms for new
markets and new product opportunities. This is a natural fit with
our IP Networked Surveillance and Security Platform. We are
planning the US introduction at ISC West Convention Las Vegas April
6-8, and will release the SDK (Software Development Kit) to our
clients and reseller channels in May." Asia Software Ltd,
Kazakhstan is one of the world leaders in development and
integration of facial recognition systems. Customers include
governmental agencies in the CIS countries. Asia Software
specializes in facial recognition systems utilizing very large
databases exceeding 14 million images and having fast search speed
of 1.6m images per second. ComCam International Inc.
(http://www.comcam.net/), a leading provider of IP Network
Surveillance and Security solutions for Homeland Security,
government and commercial markets. It is a wholly owned subsidiary
of ComCam, Inc. ComCam, Inc. (http://www.comcam.org/) is a Business
Development Company pursuant to Section 54 of the Investment
Company Act of 1940. ComCam intends to build an investment
portfolio consisting of revenue generating assets and emerging
companies well positioned for future growth. This release contains
forward-looking statements, which involve a number of risks, and
uncertainties, which could cause actual results or events to differ
materially from those presently anticipated. Such statements are
based on currently available information which management has
assessed but which is dynamic and subject to rapid change due to
risks and uncertainties that affect our business, including, but
not limited to, the impact of competitive products and pricing,
limited visibility into future product demand, regulatory
interpretation, and other risks detailed from time to time in the
company's filings with the Securities and Exchange Commission.
http://www.sec.gov/ Contact: Don Gilbreath, CEO ComCam Inc. Tel.
610-436-8089 http://www.comcam.net/ This release was issued through
eReleases(TM). For more information, visit
http://www.ereleases.com/. DATASOURCE: ComCam, Inc. CONTACT: Don
Gilbreath, CEO of ComCam Inc., +1-610-436-8089 Web site:
http://www.comcam.net/ http://www.comcam.org/
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