BSI2000 Secures Financing and Continues Growth.Business Editors/High-Tech Writers DENVER--(BUSINESS WIRE)--Dec. 16, 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 announced that its SB-2 Registration Statement has been cleared by the U.S. Securities and Exchange Commission (SEC). BSI2000 previously announced that it had closed a $500,000 bridge loan and a $15,000,000 equity line of credit from an investment fund. The SB-2 cleared by the SEC covers those transactions and allows the equity line to move forward. "I am thrilled that BSI2000 now has access to this significant equity line. The Company is working several exciting projects both in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad," said Jack Harper Jack Harper may refer to:
BSI2000 is beginning to market its optical card technology into the estimated global $1.1-trillion emerging microbanking market. The Company's MicroBanker 2000(TM) product is currently undergoing pilot testing in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . In addition to the microbanking market, BSI2000 provides a full suite of off-the-shelf and custom software and hardware optical card products that cover the homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and site access and control markets. Relying on its years of experience in designing and implementing efficient and secure software and hardware systems that use optical cards, BSI2000 has positioned its products to meet the current global push toward secure identification systems. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion