Intelli-Check Reaffirms Commitment to Building Shareholder Value.WOODBURY, N.Y. -- Intelli-Check, Inc. (AMEX AMEX
See: American Stock Exchange : IDN (Internationalized Domain Name) A .com or .net domain name that is represented in non-English characters and symbols, with .com and .net appended at the end in English letters. ) announced that its Board of Directors continue to be committed to executing the Company's plan thereby building shareholder value. The management transition since Mr. Mandelbaum's sudden passing has been orderly and the Company is positioned to pursue its growth strategy. The Company continues to maintain a solid balance sheet and is carefully managing its cash expenditures.
In response to the recent activity in the Company's stock, Jeff Levy Jeff Levy is a long-time radio talk show host in the Los Angeles Radio Market, specializing in computers and technology. In 1995 he started hosting Jeff Levy “On Computers” at Los Angeles radio station, KFI. , Intelli-Check's Interim Chairman stated, "Other than the untimely death of Mr. Mandelbaum, we are not aware of any basis for the loss of investor confidence or a decline in our stock price. The Intelli-Check Board and management team are committed to building upon Mr. Mandelbaum's vision and we are dedicated to the goal of attaining profitability."
Shareholders and the investment community will be updated by management, at its next quarterly conference call in mid-August. In the interim, please refer to the most recent letter to shareholders that was posted on the Intelli-Check website: www.intellicheck.com.
About Intelli-Check, Inc.
Intelli-Check, Inc. is the acknowledged leader in technology that helps assure the authenticity of driver licenses, state issued non-driver and military identification cards used as proof of identity. Our patented ID-CHECK technology instantly reads, analyzes, and verifies the encoded data in magnetic stripes A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. and barcodes on government-issue IDs from approximately 60 jurisdictions in the U.S. and Canada to determine if the content and format is valid.
Intelli-Check 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
Certain statements in this press release constitute 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. within the meaning of 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, as amended. When used in this press release, words such as "will," "believe," "expect," "anticipate," "encouraged" and similar expressions, as they relate to the company or its management, as well as assumptions made by and information currently available to the company's management identify forward-looking statements. Our actual results may differ materially from the information presented here. There is no assurance that the use of ID-CHECK technology by our potential customers and partners, or government efforts to enhance security or curtail cur·tail
tr.v. cur·tailed, cur·tail·ing, cur·tails
To cut short or reduce. See Synonyms at shorten.
[Middle English curtailen, to restrict the sale of age-restricted products to underage buyers will lead to additional sales of ID-CHECK technology. Additional information concerning forward looking statements is contained under the heading of risk factors listed from time to time in the company's filings with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information.