OMVS signed a letter of intent to explore a new business agreement with IQB
Statements in this press release regarding the merger between IQB
and Wherify, future financial and operating results, benefits and synergies of the transaction, future opportunities for the company and any other statements about managements' future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
IQB is currently developing new applications based on this foundation technology tailored to meet the needs of national, business and personal security.
Statements in this press release regarding the future expectations, beliefs, goals, plans or prospects of IQB and Wherify constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
This press release is not an offer to sell, or a solicitation of an offer to buy, any shares in either IQB
plans to file with the SEC a Registration Statement on Form S-4 in connection with the transaction and IQB
and Wherify plan to file with the SEC and mail to the shareholders of Wherify and the stockholders of IQB
, a Joint Proxy Statement/Prospectus in connection with the transaction.
We're looking forward to working with IQB
to develop and increase the value of its facial recognition technology.
Scigliano confirmed that Morden Lazarus will remain on the IQB
board to continue to direct the corporation's drive into the private security arena.
announced in May that it had entered into a letter of intent for the acquisition of NSS, a leading developer and supplier of network storage software and products for security and other applications.