Printer Friendly

DIGITAL BIOMETRICS ANNOUNCES AGREEMENT WITH DESIGN DATA INCORPORATED

 MINNETONKA, Minn., Aug. 25 /PRNewswire/ -- Digital Biometrics, Inc. (NASDAQ: DBII), a Minnetonka-based manufacturer of "live-scan" electronic fingerprint systems, today announced an agreement with Design Data Incorporated, a privately held company located in Dubuque, Iowa, pursuant to which Digital Biometrics received an exclusive option to acquire Design Data for a total purchase price of $1,150,000. The transaction would be effected through the issuance of common stock of DBI plus assumption of liabilities.
 Design Data is an early stage company which has recently completed development of several unique software applications used by several law enforcement agencies to enhance criminal history files.
 Jack A. Klingert, president and chief executive officer of Digital Biometrics, said, "Design Data's products are synergistic with products currently offered by Digital Biometrics and in certain instances may be able to operate on the same hardware. We believe our mutual customer contacts throughout the law enforcement community will be beneficial in increasing sales of both organizations' products."
 -0- 8/25/93
 /CONTACT: Donald E. Berg, vice president-finance of Digital Biometrics, 612-932-0888/
 (DBII)


CO: Digital Biometrics, Inc.; Design Data Incorporated ST: Minnesota, Iowa IN: CPR SU: JVN

KH-AL -- MN010 -- 5869 08/25/93 16:40 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 25, 1993
Words:197
Previous Article:3M TRIMAX MEDICAL IMAGING FILM SYSTEM TURNS 20
Next Article:3M AUTOMOTIVE SYSTEMS GROUP REORGANIZES SALES ORGANIZATION FOR MORE CUSTOMER FOCUS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters