DICUT Announces It Has Received the First in a Series of Contracted Purchase Orders for Its Biometric Software.Business Editors MARIETTA, Ga.--(BUSINESS WIRE)--Oct. 1, 2003 DICUT, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .BB: DCUT) an advanced security solutions provider, today announced that it has received the first in a series of contracted purchase orders for its biometric software. The Company's biometric software will be installed in National Identification Issuing Offices throughout the Republic of Moldova. The software will provide an increased level of security for the citizens of Moldova and be used in the issuing of drivers' licenses, passports, and national identification cards. Moldova is a country located at the crossroads between Central, Southeast, and Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . It is situated between the Danube, Prut, and Nistru rivers and borders Romania in the west and Ukraine in the east and south. With a population of 4,762,000, Moldova is one of the most densely populated European countries. Dicut is scheduled to deliver its biometric software in October 2003 with an installation-completed date of mid-November 2003. Dicut anticipates the revenue stream to commence in December of this year. The Company is paid monthly in arrears Adv. 1. in arrears - in debt; "he fell behind with his mortgage payments"; "a month behind in the rent"; "a company that has been run behindhand for years"; "in arrears with their utility bills" behindhand, behind with the contract being based on a per user basis. DICUT will be paid for every driver's license Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle driver's licence, driving licence, driving license license, permit, licence - a legal document giving official permission to do something , passport, and/or national identification card issued to the citizens of the Republic of Moldova that uses the Company's biometric software. Costs to secure the homeland will reach between $93 billion and $138 billion in fiscal 2003, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey of government and business leaders by Deloitte Consulting. Other estimates top $150 billion. "Dicut is committed to being a leader in this expanding and lucrative marketplace," states Dicut 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. Raj Kalra. "We feel it is as important to assist other countries in securing their citizens as it to secure ours, thus lightening the burden on our government. The process of information sharing See data conferencing. through our product sets will assist all Governments in eliminating terrorism." "We are appreciative and excited to receive and fulfill this purchase order," said Kerry B. Moody, executive vice president of Dicut, Inc. "We look forward to setting the biometric security standard in Moldova, followed by a rollout of the product throughout the world. Our biometric software will help the Republic of Moldova provide increased security for their citizens and we appreciate their governmental leaders for recognizing the effectiveness and necessity for our product." About DICUT Founded in 1994, Dicut, Inc., (OTC.BB: DCUT - News) is an advanced security solutions provider. DICUT provides security solutions thorough innovative technologies to both the public and private sectors. The company consists of three wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Aurora Biosecurity Solutions, Detect-X, and veriCentrix. Aurora Biosecurity Solutions provides fully automated, complete biometric products and systems that grant or deny access with no human intervention. Detect-X is dedicated to developing a new level of innovative security for today's world and the veriCentrix division provides comprehensive solutions for an organization seeking to automate and simplify security. 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: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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