Intelli-Check Receives Order for 50 Age Verification Units From Oil Company; Will Be Deployed at Retail Outlets To Verify Age of Purchasers of Age-Restricted Products.Business Editors WOODBURY, N.Y.--(BUSINESS WIRE)--Oct. 23, 2002 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. ), a developer of advanced document verification systems, announced today that its IDentiScan Division has received an additional order for 50 age verification units to be deployed at a major oil company's retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → in the Northeast. "This latest order brings to approximately 500 the total number of units that have been purchased to date by the oil company, which continues to value Intelli-Check's technology as an effective tool to assist in preventing the inadvertent sale of age-restricted products to underaged purchasers at its retail outlets," stated Frank Mandelbaum, Chairman and Chief Executive Officer of Intelli-Check. Mr. Mandelbaum further added, "Our product will assist in protecting these retail outlets from the fines and penalties that would result from such sales." Mr. Mandelbaum noted that Intelli-Check's technology is highly versatile and has multiple applications in a number of potential markets including retail, military, government and 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 . "In our traditional market for age verification, our IDentiScan units are a cost-effective and valuable tool for convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. and other retail outlets which sell age-restricted products and will assist them in insuring that purchasers meet the minimum age requirements for sale," Mr. Mandelbaum said. Intelli-Check, Inc. (www.intellicheck.com) is a developer and marketer of an advanced state-of-the-art document verification system for authenticating the validity of driver licenses and ID cards used as proof of identity. Intelli-Check's multi-purpose ID-CHECK(R) units are fully capable of increasing security and as a tool that can be used to deter terrorism at military installations, high profile buildings, airports and other sites and are also an effective tool against "identity theft," which often is supported by fake IDs and is the fastest growing crime in the U.S. ID-CHECK(R) units enable a user to prevent economic loss from check-cashing, credit card and various other frauds utilizing fake IDs and the ID-CHECK and IDentiScan units have the ability to determine whether purchasers of age-restricted products such as alcohol and tobacco meet minimum age requirements for their sale. ID-CHECK(R), with its patented technology, analyzes and displays information encoded 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 found on driver licenses, military identification and other forms of state and government- issued identification from more than 50 jurisdictions. 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 a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . There is no assurance that additional units will be purchased by the oil company or that Intelli-Check will penetrate new markets with its age verification and document verification products. 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. |
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