BSI2000 Systems Bid to Department of Homeland Security by Information Spectrum Inc.Business Editors/High-Tech Writers DENVER--(BUSINESS WIRE)--Aug. 25, 2003 BSI BSI - British Standards Institute 2000 Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BSIO), a developer of integrated optical card-based transaction systems for 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 other applications, today announced that Information Spectrum Inc. (ISI ISI International Sensitivity Index, see there ), has bid 1,000 of BSI2000's SIGABA 2000 systems to the Department of Homeland Security's Bureau of Citizenship and Enforcement (BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. ). The bid was tendered to BCE on Aug. 21, 2003, in response to RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) Solicitation Number COW-3-R-0039 for 1,000 optical card reader/writer and biometric verification systems. Information Spectrum Inc., an Anteon company (NYSE NYSE See: New York Stock Exchange : ANT) and a value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. of LaserCard Systems Corp., has sold more than 13 million optical cards to the U.S. government, that have been issued as Border Crossing and Permanent Resident ("Green") cards to residents of the United States and Mexico. As previously reported, the Immigration and Naturalization Service Noun 1. Immigration and Naturalization Service - an agency in the Department of Justice that enforces laws and regulations for the admission of foreign-born persons to the United States INS (now the Bureau of Citizenship and Enforcement "BCE") previously purchased six of BSI2000's SIGABA 2000 optical ID card verification systems for "pilot testing purposes." The purpose of the current BCE RFQ is to purchase, in volume, 1,000 systems for a national rollout. The SIGABA 2000 systems are designed for deployment to ports of entry, border-crossing checkpoints, and other sites where authentication and verification of BCE cards is required. Congress has mandated that BCE deploy Border Crossing and "Green" card authentication and verification systems by the end of this calendar year. If the BCE were to award a contract for the deployment of 1,000 SIGABA 2000 systems to ISI, then BSI2000 would expect gross revenues of approximately $7 million from the project with a significant portion of the revenues realized in the fourth quarter of this year. ISI bid the SIGABA 2000 systems to BCE under the terms of a Teaming Agreement between ISI and BSI2000. This arrangement is consistent with BSI2000's strategy of teaming with much larger companies to bring its products to market. BSI2000 also has joint marketing agreements in place with other companies in the United States, Italy, South Africa, the Middle East and others. BSI2000 believes that deployment of its SIGABA 2000 system in the United States would rapidly accelerate secure personal identification projects that the company and its partners are working on in other countries. The potential market for secure personal identification systems on a worldwide basis is in the billions of dollars. Jack Harper, president of BSI2000 Inc., said, "ISI has sold more integrated optical card systems to the United States government than anyone else. I am delighted to be working closely with this quality integrator. Deployment of our SIGABA 2000 system by the U.S. government would give us the product visibility we need to successfully compete for secure personal identification projects on an international scale." About BSI2000 Inc. BSI2000 Inc., a manufacturer of integrated hardware and software optical card products, 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 Systems 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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