From Barry ZeVan, Vice President
Copyright © 2008 Zevan/Vertic Inc.
Van Tran, CEO of Veritec, Inc. (OTCBB: VRTC) today announced the Garden River First Nation (an Ojibway Tribe of North American Indians), headquartered at the eastern boundary of the city of Sault Sainte Marie, Ontario, Canada, has signed an agreement to license and use Veritec's 2-D VSCode(TM) Biometric technology for multi-purpose cards which will serve as Tribal Member ID, Border-crossing (from and to Ontario, Canada) control and passport-backup ID cards. The technology stores the individual's fingerprint minutiae in the 2-D VSCode(TM), which is robust, compact and low cost.
"The Garden River Nation's 2,200 enrolled tribal members will be the first in Canada to be able to identify, without any doubt, their people are who they say they are," said Ms. Tran. "The tribal leaders should be commended for their truly historic foresight to know they're opening the door in Canada for what we believe to be the best counter-terrorism, identity-theft solution possible, and hopefully, other Canadian and Mexican border tribes, on both sides of those borders, and other U.S. states, will follow suit soon." (Montana's Blackfeet Nation initiated U.S. tribal use of Veritec's same technology and application in October, 2007.)
Ms. Tran's comments were echoed by several tribal officials: Tribal Council Member and Senior Forest Technician, Blaine Belleau, stated, "We're excited to be the first tribe north of the U.S. border to embrace this new technology which will help us prove we are who we say we are, When 9/11 occurred, and deadlines were imposed requiring proof-positive identification for everyone crossing the Canadian border, from either side, it played a big part in making our decision to re-define ourselves. These new cards and the state-of-the-art technology will allow us to do just that." Mr. Belleau continued, "The whole scenario is to re-capture our identity. Many presume who we are, but our history pre-dates the creation of Canada and the U.S. To be correctly identified and stated, I'm a North American born in Canada. These cards will play a very important part in the re-definition of who we are, and also, on a personal level, will create a re-definition of who I am."
ABOUT VERITEC, INC.
Founded in 1982, Veritec offers a patented line of microprocessor-based encoding and decoding system products that utilize Matrix Symbology(TM) or 2-Dimensional Barcode technology owned by Veritec's wholly-owned subsidiary, VCode Holdings, Inc.
Veritec's encoding and decoding systems allow users to create and apply unique identifiers to the products in the form of a coded matrix symbol which enable automated manufacturing control, as well as identification, tracking and collection of data via cameras, readers and scanners. The collected data is then stored in the 2-D barcode available for contemporaneous verification or other user-definable purposes.
In 2007, Veritec introduced its new "multi-purpose-all-in-one" card, named the VSCard(C). The VSCard(C) utilizes Veritec's 2-D VSCode(TM), with robustness, security features, large data storage capacity up to 1,200 bytes and stores the owner's fingerprint minutiae along with other critical personal information. VSCard(C) functions as a debit card, as well, by using special banking software along a magnetic strip. The VSCode(TM) is placed on the back of the card along with the magnetic strip, a signature, and the name of the issuing bank. The front of the card has a picture ID along with the owner's information. More Information about Veritec technologies is available on the Veritec Inc. com web site.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason unless otherwise required to do so by SEC Regulations.
Ontario-based history-making agreement signed with Veritec, Inc., to use robust 2-D Biometric ID technology for multi-purpose Tribal ID, Border Control and passport-backup ID card.