Dr. Atick Provides Additional Information on Recent Stock Sale
February 14 2006 - 6:18PM
Business Wire
Dr. Joseph J. Atick, President & CEO of Identix Incorporated
(Nasdaq:IDNX), provided additional information today on the Form 4
filed with the SEC last week disclosing the sale of 300,000 shares
of Identix common stock in a block transaction. Dr. Atick stated
that sale was made to meet personal and family financial
commitments. Dr. Atick continues to be the single largest
individual shareholder of Identix with approximately 1,500,000
shares of Identix common stock owned outright, together with
options to purchase approximately 1,000,000 shares of Identix
common stock. Dr. Atick commented, "I believe the combination of
Identix and Viisage has the potential to create the industry's most
comprehensive multi-modal biometric platform for securing and
protecting personal identities, and I am confident the merger will
establish a global leader in biometric security. My sale last week
of approximately 10 percent of my ownership in Identix was
necessary due to personal financial commitments. We are working
diligently on closing this merger and remain on track to do so
within our previously stated timeframe. I look forward to helping
to complete the merger and to expanding and better serving each of
the markets addressed by the combined company." About Identix
Incorporated Identix Incorporated (Nasdaq:IDNX) is the world's
leading multi-biometric technology company. Identix provides
fingerprint, facial and skin biometric technologies, as well as
systems, and critical system components that empower the
identification of individuals in large-scale ID and ID management
programs. The Company's offerings include live scan systems and
services for biometric data capture, mobile systems for on-the-spot
ID, and backend standards-based modules and software components for
biometric matching and data mining. Identix products are used to
conduct background checks, speed travel and commerce via secure
identification documents, prevent identity fraud in large-scale
government and civil ID programs, and control access to secure
areas and networks. With a global network of partners, such as
leading system integrators, defense prime contractors and OEMs,
Identix serves a broad range of markets including government, law
enforcement, gaming, finance, travel, transportation, corporate
enterprise and healthcare. More information on Identix can be
accessed via the Company web site at http://www.identix.com.
Forward-Looking Statements The statements contained in this
release, which are not historical facts, are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements are based on the Company's current expectations
and beliefs and are subject to a number of risks and assumptions
that could cause actual results to differ materially from those
described in the forward-looking statements. All statements other
than statements of historical fact are statements that could be
deemed forward-looking statements. These statements are subject to
uncertainties that could cause actual results to differ materially
from those set forth in or implied by forward-looking statements.
Risks and uncertainties include, without limitation, those related
to: the availability of funding from government and other
customers; the readiness of customers to accept delivery of
products on a timely basis; the ability of the Company to achieve
targeted levels of hardware, software and related component mix;
and increasing levels of competition. In addition, such risks and
uncertainties include, among others, the following risks: that the
merger with Viisage Technology will not close, that the regulatory
or shareholders approval will not be obtained, that the closing
will be delayed, that customers and partners will not react
favorably to the merger, integration risks, the risk that the
combined companies may be unable to achieve cost-cutting synergies,
and other risks described in Identix' and Viisage's Securities and
Exchange Commission filings, including the Registration Statement
on Form S-4 to be filed with the SEC in connection with the
transaction, Identix' Annual Report on Form 10-K for the year ended
June 30, 2005 and its Quarterly Report on Form 10-Q for the quarter
ended September 30, 2005 under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations," and Viisage's Annual Report on Form 10-K
for the year ended December 31, 2004 and its Quarterly Reports on
Form 10-Q for the quarters ended April 3, 2005, July 3, 2005 and
October 2, 2005 under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations." Neither Identix nor Viisage undertake any obligation
to update these forward-looking statements to reflect events or
circumstances after the date of this press release. Additional
Information and Where to Find It Investors and security holders of
both Identix and Viisage are advised to read the joint proxy
statement/prospectus regarding the business combination transaction
referred to in the material below, when it becomes available,
because it will contain important information. Identix and Viisage
expect to mail a joint proxy statement/prospectus about the
transaction to their respective stockholders. This joint proxy
statement/prospectus will be filed with the Securities and Exchange
Commission by both companies. Investors and security holders may
obtain a free copy of the joint proxy statement/prospectus and
other documents filed by the companies at the Securities and
Exchange Commission's web site at http://www.sec.gov. The joint
proxy statement/prospectus and such other documents may also be
obtained from Identix or Viisage by directing such requests to the
companies. Participants In Solicitation Viisage, Identix and their
respective directors and executive officers and other members of
management and employees may be deemed to be participants in the
solicitation of proxies in respect of the merger. Information
concerning Viisage's participants is set forth in the proxy
statement dated, November 21, 2005, for Viisage's special meeting
of shareholders held on December 16, 2005 as filed with the SEC on
Schedule 14A. Information concerning Identix' participants is set
forth in the proxy statement, dated October 6, 2005, for Identix'
2005 annual meeting of shareholders as filed with the SEC on
Schedule 14A. Additional information regarding the interests of
participants of Viisage and Identix in the solicitation of proxies
in respect of the merger will be included in the registration
statement and joint proxy statement/prospectus to be filed with the
SEC.
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