Advanced Precision Technology, Inc., Announces Private Placement Financing of $2.2 Million.Business/High-Tech Editors LIVERMORE, Calif.--(BUSINESS WIRE)--May 16, 2000 Advanced Precision Technology Inc., ("APRE APRE Air Procurement Region, Europe ", OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). - pink sheets) a Livermore based developer of innovative identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or systems using biometrics, today announced the completion of a private placement to accredited to attribute something to him; as, Mr. Clay was accredited with these views; they accredit him with a wise saying s>. See also: Accredit individuals for $2.2 million. Advanced Precision has completed a private placement offering for accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. individual after several investors subscribed the entire placement. These investors also will bring the Company seasoned and experienced business advice and direct access to fingerprint security markets in the Far East. APT plans to utilize the proceeds to centralize cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. facilities, attract quality personnel, begin mass production of its fingerprint capture products, and finish its Form-10SB filings to become a fully reporting company and be relisted on the OTC-BB. "As the company moves from the development stage to mass production of our initial APrinT(r) fingerprint capture devices, it is indeed a milestone for us to complete this placement, add quality advisors, expand our international presence, and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , add to our management team some quality contributors," stated Bruce A. Pastorius, President/CEO of Advanced Precision. APT holds 6 U.S. Patents on breakthrough holographic See holographic storage. and fingerprint technologies and is currently bringing to market its APrinT(r) HoloPass, a high quality, interoperable front-end fingerprint capture device. This rugged device is plug compatible to existing high-end fingerprint readers and is designed to set new cost/performance standards in the fingerprint capture marketplace. The company seeks to integrate the devices into large federal and state law enforcement and civil projects, as well as commercial applications in conjunction with child identification, Photo-ID cards and access control. APT has begun shipping units to key integrators, pilot programs, and end-users in key target segments. "With the explosion of the personal identity verification market and increased demand worldwide, this funding will put us into position to leverage our patented technology to gain market entry and leadership in this rapidly emerging billion dollar marketplace," concluded Pastorius. For more information, contact Advanced Precision Technology, Inc., Bruce A. Pastorius, President/CEO, via telephone at (925) 447-6900, fax at (925) 447-6901 or visit their web site at www.aprint.com. |
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