SAN ANTONIO, Texas, Feb. 24, 2005 (PRIMEZONE) -- FaceKey Corporation (Pink Sheets:FEKY), a biometrics technology provider that specializes in access and security control, announces that the Company has secured and closed an initial round of financing. This significant capital raise is the first tranche of funding to be followed by additional rounds of financing as the Company achieves designated milestones. FaceKey Corp. will use the proceeds from this financing to launch an aggressive sales and marketing campaign of its biometric products.
According to Yevgeny B. Levitov, PhD, President of FaceKey Corp., "FaceKey has recently completed the research and development phase of its product development and this round of financing will allow us to shift our efforts to the marketing of our products to a wide variety of industries. Specifically, we plan to utilize the investment proceeds to fund an ambitious sales and marketing campaign aimed at substantially increasing the distribution of our biometric security solutions such as our Access Security systems, PC Access, Time & Attendance Systems, and our newest multiple face tracking software."
"This financing demonstrates investor confidence in our Company and reflects positively on our ability to provide superior biometric solutions," according to FaceKey Corp.'s Chief Operating Officer, Annette H. Starkweather. "FaceKey is committed to securing further rounds of financing that will allow the Company to further expand its distribution channels and support future product enhancements and developments."
About FaceKey Corporation
FaceKey Corp., headquartered in San Antonio, TX, is a biometrics technology provider whose mission is to provide supreme security measures for their customers by utilizing patented and proprietary biometric technologies that identify and allow access to authorized personnel. FaceKey's technology combines face and fingerprint recognition providing the highest level of security available, reducing fraud and providing better accountability. By combining these identification technologies, FaceKey's products are used for a wide variety of applications ranging from securing corporations' confidential areas and PC access to effectively monitoring time and attendance greatly reducing employee fraud.
For more information about the company please visit www.facekey.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing, and evaluation of products, and other risks detailed from time to time in the Company's filing with the Securities and Exchange Commission.