Ashok Rao Named Vice Chairman of Intelli-Check.WOODBURY, N.Y. -- Intelli-Check, Inc. (AMEX AMEX See: American Stock Exchange : IDN (Internationalized Domain Name) A .com or .net domain name that is represented in non-English characters and symbols, with .com and .net appended at the end in English letters. ), a leader in advanced identification-document-verification systems, announced today that Ashok Rao has been named vice chairman of the company's board of directors. "Ashok has a strong track record in building shareholder value, and all of us at Intelli-Check look forward to working closely with him in this new capacity," said Frank Mandelbaum, chairman and chief executive officer of Intelli-Check. "As vice chairman, Ashok's charge is to help further develop the company's growth strategy, specifically focusing on mergers and acquisitions, sales and marketing activities, and strategic partnerships." Mr. Rao was appointed to the Intelli-Check board December 2004. Currently, Mr. Rao is an angel investor An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. in numerous high-tech start-ups as well as the producer of a major motion picture scheduled for worldwide release in April 2005. Mr. Rao was CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Prime Wave Communications, a broadband wireless See wireless broadband. access technology subsidiary of L3 from 2000 to 2003. Previously, he was the founder and chief executive officer of Trex Communications, a Thermo Electron Thermo Electron Corporation (TMO (NYSE)) (incorporated 1956) is a major provider of analytical instruments and services for a variety of domains. Thermo has revenues of over $2 billion, and employs 11,000 people in 30 countries. satellite communications business, which reached annual revenues of $60 million in its second year. He was instrumental in the sale of TrexCom to L3 in 2000. Mr. Rao holds a bachelor's degree in mechanical engineering from the Indian Institute of Technology, New Delhi, a master's degree in systems engineering from Marquette University, and a diploma in Financial Management from the London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden . Mr. Rao is also a trustee of numerous charitable organizations. About Intelli-Check, Inc. Intelli-Check, Inc. is the acknowledged leader in technology that assures the authenticity of driver licenses, state issued non-driver and military identification cards used as proof of identity. Our patented ID-CHECK technology instantly reads, analyzes, and verifies the encoded data in magnetic stripes and barcodes on government-issue IDs from approximately 60 jurisdictions in the U.S. and Canada to determine if the content and format is valid. Applications include: --security and access control to protect airports, government and commercial buildings, military installations, and other critical sites --identity theft, commercial and government fraud prevention to help stem the millions of dollars each year in losses from credit card, check-cashing, bank, insurance, healthcare and pharmacy fraud --age verification to protect bars and other retail establishments from the potential fines and penalties associated with selling age-restricted products to minors --productivity enhancement to eliminate inefficiencies and inaccuracies associated with manual data entry The company has been the national testing laboratory for the American Association of Motor Vehicle Administrators The American Association of Motor Vehicle Administrators (AAMVA) is a non-governmental, voluntary, tax-exempt, nonprofit educational association. AAMVA is a private corporation which strives to develop model programs in motor vehicle administration, police traffic services and (AAMVA AAMVA American Association of Motor Vehicle Administrators ) since 1999 and has access to all the currently encoded driver license formats. For more information, visit www.intellicheck.com. |
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