Viisage Technology Products Receive Two Nominations As "Top 20 Most Innovative" Products For 2001 By Casino Journal.Business EditorsLITTLETON, Mass.--(BUSINESS WIRE)--Nov. 14, 2000 Top Award to Be Decided at the American Gaming Summit, January 11 & 12, 2001, at Bellagio, Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. Viisage Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : VISG VISG Visually Impaired Support Group ), a leader in enabling e-commerce through face-recognition biometrics technology and in providing digital identification systems and solutions, reported that two of its face-recognition partners, Biometrica Systems, Inc., and Global Cash Access, were selected by Casino Journal for the "Top 20 Most Innovative Gaming/Service Products for 2001." Biometrica Systems, Inc., is the number one provider and world leader in casino biometric surveillance. Biometrica uses Viisage's, FaceFINDER(TM) for surveillance and identification security. Biometrica and FaceFINDER are installed in more than 50 U.S. casinos and in more than 70 casinos worldwide. Global Cash Access processes more than $11.5 billion in funds transfers every year through approximately 200,000 ATM, credit and debit cash-advance and check-guarantee transactions daily. Global Cash Access' Automated Cashier Machine (ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. \\\SM) is a "smart" ATM that uses Viisage's FacePIN(TM) for face-recognition identification. The system fully integrates ATM, credit card cash advance, check cashing, point-of-sale debit, Western Union(R), patron credit markers, and one-to-one marketing opportunities. A panel of five expert judges have chosen the nominees for Casino Journal's Top 20 Most Innovative Gaming Products/Services for 2001. These 20 products will be evaluated and judged by attendees of the American Gaming Summit to be held January 11 and 12, 2001, at Bellagio in Las Vegas. The top vote-getter at the Summit will receive the Best of Show Award and be named the "Most Innovative Gaming Product 2001" at the keynote lunch at the American Gaming Summit on January 12. Tom Colatosti, Viisage 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. said, "We congratulate our two quality partners, Biometrica and Global Cash Access, for the distinguished recognition they received from their peers for their creative and innovative products. We are excited about the growing level of interest from end users and marketing partners for biometric technology to improve personal privacy, security and convenience that only our face-recognition technology offers." Viisage Technology, Inc. (NASDAQ: VISG), Littleton, Massachusetts Littleton is a town in Middlesex County, Massachusetts, United States. The population was 8,184 at the 2000 census. For geographic and demographic information on the neighborhood of Littleton Common, please see the article Littleton Common, Massachusetts. , is a world leader in biometric face-recognition technology and in digital identification solutions. Viisage's face-recognition technology is widely recognized as the most convenient, non-intrusive and cost-effective biometric available. Viisage's patented face-recognition technology, originally developed at MIT MIT - Massachusetts Institute of Technology , and its systems integration and software design capabilities, improve personal convenience, privacy and security while deterring identity theft and fraud. FaceEXPLORER(TM), Viisage's technology for image retrieval An image retrieval system is a computer system for browsing, searching and retrieving images from a large database of digital images. Most traditional and common methods of image retrieval utilize some method of adding metadata such as captioning, keywords, or descriptions to the and analysis, is recognized for its leadership technology performance in real-time and large-database applications. FaceEXPLORER is deployed in the world's largest face-recognition application with a database of more than 6 million images enrolled and growing by 15,000 new images per day. The product family of face-recognition applications also includes: FaceNET(TM) for Internet and e-commerce security; FacePIN(TM) for point-of-sale transactions verification; FacePASS(TM) used for physical-access control; and FaceFINDER(TM) for surveillance and identification. Additionally, Viisage's systems annually deliver, through 1,500 U.S. locations in 13 states, more than 20 million high quality and high security digital identification documents for government agencies responsible for issuing drivers' licenses, social services social services Noun, pl welfare services provided by local authorities or a state agency for people with particular social needs social services npl → servicios mpl sociales cards and law enforcement credentials. This news release may contain 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 involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by the Company 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. 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, potential fluctuations in quarterly results, the size and timing of award and performance on contracts, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, changes in management estimates incident to accounting for contracts, availability and cost of key components, 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 and other risks, uncertainties and factors including those described from time to time in the company's filings with the Securities and Exchange Commission, including without limitation, the company's Form 10K for the year ending December 31, 1999 and its quarterly reports on Form 10Q. |
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