Pakistan Fighting Fraud Using Viisage Solution in Country's Electronic Passport and National ID Program; Face Recognition Technology Proves Critical Tool in Finding Fraud in 34 Million Image Database.BILLERICA, Mass. -- Viisage (Nasdaq: VISG VISG Visually Impaired Support Group ), a leading provider of advanced technology identity solutions, said today that the Government of Pakistan Government of Pakistan (Urdu: حکومتِ پاکستان), The Constitution of Pakistan provides for a Federal Parliamentary System of government, with a President as the Head of State and an indirectly-elected Prime is successfully using Viisage's face recognition technology and a leading finger print technology to fight identify theft and fraud. The National Database and Registration Authority National Database and Registration Authority (NADRA) is a federal department of the Government of Pakistan that is responsible for issuing identification cards to the citizens of Pakistan. (NADRA NADRA National Database and Registration Authority (Pakistan) NADRA North American Deck and Railing Association NADRA National Agricultural Pesticide Risk Analysis ), an independent corporate organization on contract to the Pakistani Government to run the country's smart passport and national ID program, has uncovered multiple instances of fraud to date. NADRA subsequently issued a country-wide alert in July 2005 through The News, Pakistan's leading English newspaper, notifying those holding fraudulent identity documents that they had been caught and will be pursued if they do not turn in their identity cards. "Viisage's FaceTOOLS(R) and FaceEXPLORER(R) products are powerful investigative tools for exposing fraud in our national ID and passport programs," said Brigadier (Retd.) Saleem Ahmad Moeen, chairman of NADRA. "In less than a year, this solution has helped us define the extent of the identity fraud problem in Pakistan and increase security for the country." Using the Viisage solution, NADRA was able to enroll 34 million existing images and scan them for duplicates, all in the space of three months. Pakistan's database is expected to grow to 50 million records when the enrollment phase is completed. This approach has helped Pakistan uncover existing identity fraud in the country's passport and national ID program and to head off future instances. NADRA uses the face recognition technology to compare 21,000 new applicant images a day to the entire database and thus prevent fraud before it occurs. NADRA is catching up to 109 fraudulent records daily, thereby blocking the processing of these fraudulent records. "Pakistan is a leader in implementing a countrywide electronic passport and national ID program," said Bernard Bailey, president and 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. of Viisage. "Its use of face recognition shows the technology's true power in fighting the growing problem of identity fraud and securing critical identity documents." Mr. Nasser Jaffer, CEO of Jaffer Brothers, which represents Viisage in Pakistan, stated that "We are privileged to be instrumental in helping to implement the world's largest face recognition solution." Based on the success of the joint NADRA-Viisage solution in Pakistan, Viisage and NADRA have signed an agreement to actively pursue opportunities to help Middle Eastern, South American and Asian countries manage their large national ID programs and databases. About Viisage Viisage (NASDAQ: VISG) delivers advanced technology identity solutions for governments, law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). and businesses concerned with enhancing security, reducing identity theft, and protecting personal privacy. Viisage solutions include secure credentials such as passports and drivers' licenses, biometric technologies for uniquely linking individuals to those credentials, and credential authentication technologies to ensure the documents are valid before individuals are allowed to cross borders, gain access to finances, or granted other privileges. With over 3,000 installations worldwide, Viisage's identity solutions stand out as a result of the Company's industry-leading technology and unique understanding of customer needs. Viisage's product suite includes FaceTOOLS(R) SDK (Software Developer's Kit) See developer's toolkit and Windows SDK. SDK - Software Developers Kit (or "Software Development Kit"). , Viisage PROOF(TM), FaceEXPLORER(R), iA-thenticate(R), BorderGuard(R), FacePASS(TM) and FaceFINDER(R). This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by Viisage through its senior management are made pursuant to the 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. provisions 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. These forward-looking statements reflect the Company's current views with respect to the future events or financial performance discussed in this release, based on management's beliefs and assumptions and information currently available. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, the size and timing of contract awards, performance on contracts, availability and cost of key components, unanticipated results from audits of the financial results of the Company and acquired companies, changing interpretations of generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting , outcomes of government reviews, developments with respect to litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. to which we are a party, potential fluctuations in quarterly results, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, market acceptance of new or enhanced products and services, proprietary technology and changing competitive conditions, system performance, management of growth, dependence on key personnel, ability to obtain project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. , general economic and political conditions and other factors affecting spending by customers, the unpredictable nature of working with government agencies and other risks, uncertainties and factors including those described from time to time in Viisage's filings with the Securities and Exchange Commission, including without limitation, Viisage's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2004 and its quarterly reports on Form 10-Q Form 10-Q See 10-Q. . Viisage expressly disclaims any obligation to update any forward-looking statements. |
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