BSI2000 Releases Update on Projects; Leading Developer of Secure Optical Card Based Systems Continues to Grow.Business Editors DENVER, Colo.--(BUSINESS WIRE)--Dec. 26, 2003 BSI BSI - British Standards Institute 2000, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BSIO), a leading developer of integrated optical card based systems and technology, today released additional details on several projects. The company is actively marketing its optical card technology to the estimated global $1.1-trillion emerging microbanking market and is also pursuing involvement in the upcoming US VISIT Program. Jack Harper, president of BSI2000, Inc. recently returned from South Africa where he met with the partner groups with which the Company is working to introduce its MicroBanker 2000(TM) product into the South African market. "I am thrilled with the progress we are now making with this project and look forward to continued success," said Harper. "We have encountered some delays in the project due to the time that was required to obtain formal clearance for the $15,000,000 equity line of credit that was announced by the Company in September. Now that the SB-2 Registration Statement has been cleared by the SEC, we are moving full speed ahead with the project." In addition, BSI2000 continues to aggressively pursue the Homeland Security market. BSI2000 has formally filed its clarification requests to the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States concerning RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. HSSCHQ-04-R-0096 for the upcoming very large and comprehensive US VISIT Program. "I am hopeful that BSI2000 may be able to participate in this very large program as a subcontractor. Unlike previous DHS/INS programs, there is a specific stated requirement in this RFP that all crypto technology used in US VISIT must meet all of the Federal NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. FIPS (Federal Information Processing Standards) A series of publications issed by the U.S. National Institute of Standards and Technology (NIST) that specifies information security guidelines for federal government departments and agencies. crypto requirements," said Harper. "BSI2000 specializes in building such highly secure systems for optical cards that meet those requirements - it is a strategic niche for us." About BSI2000, Inc. BSI2000, Inc., established in 1993 and based in Lakewood, Colorado, is a leading manufacturer of integrated hardware and software optical card products. The company has developed proprietary applications of patent pending technology for the homeland security and other markets that use LaserCard(R) products. Company Web site: www.bsi2000.com NOTE: LaserCard(R) is a registered trademark of LaserCard System Corp. (www.lasercard.com). Civilitas 2000, Transact 2000, SIGABA 2000, and Crypto 2000 are trademarks of BSI2000 Inc. Patents pending. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward looking statements. |
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