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Dicut Inc. Announces the Purchase of ARCORE TECHNOLOGIES INC.


Business/Technology Editors

MARIETTA, Ga.--(BUSINESS WIRE)--April 2, 2002

Dicut, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
.BB: DCUT) announces the purchase of ARCORE TECHNOLOGIES INC. and the formation of its "veriCentrix" division" as part of its portfolio. The purchase price of $2,000,000.00 while adding to the asset base of DICUT INC. will result in a significant inflow in·flow  
n.
1. The act or process of flowing in or into: an inflow of water; an inflow of information.

2.
 of orders and revenue.

"VeriCentrix" will use its proprietary digitally processed algorithms and artificial intelligence in the fields of:

a) Face Recognition,

b) Finger Identification,

c) Palm Recognition,

d) Voiceprint A sample of a person's voice to be used for voice recognition or security systems.  Identification.

"These proprietary algorithms will enable DICUT INC. to seek out and resolve security concerns at the national, state and local levels of government as well as in private enterprises" stated Pierre Quilliam, President of Dicut Inc., He further added; "We have appointed Mr. Don Yochum as president of "veriCentrix" where his extensive sales experience in the communications and medical fields will bring this new division to the forefront of our sales effort and resultant revenue". Mr. Quilliam commented: " We are pleased to further strengthen our senior management team, recognizing the diversity of expertise that Don brings to DICUT INC. In his new position, Don's first priority will be to secure sales for our "veriCentrix" division. Having an experienced, professional management team is an important element in our growth strategy. We are pleased to reaffirm re·af·firm  
tr.v. re·af·firmed, re·af·firm·ing, re·af·firms
To affirm or assert again.



re
 our reliance on Don's abilities in his new post".

"Our biometrics tools provide human-like reasoning in biometric identification Noun 1. biometric identification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or , noise reduction, and pattern detection. These intelligence tools entitled "vCx" focus on detection and identification and operate either singly or simultaneously, thus giving our customers the flexibility to resolve their security problems as they arise".

"After a successful start of operations, we are expanding our coverage in the security field, generally associating with competent, proven companies. Our intent is to focus on `Preventive' technologies, so our clients can concentrate on what they do best without severe interruption or down time".

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 forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 2, 2002
Words:411
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