WASHINGTON, Oct. 3, 2005 (PRIMEZONE) -- Secugraphics USA (Pink Sheets:CIVX), a subsidiary of CTR Investments and Consulting Inc (CTR), has successfully implemented a system for a demonstration of identification documents for a facility in Spain, thus completing phase one of the project. The payment will be forwarded under a grant from the Department of Scientific and Corporate Innovation, General Office of Technology and Corporate Research. Secugraphics USA has already begun operations on phase two of the contract.
The aim of the demonstration is to create a biometric center for the manufacturing of identification documents, including counterfeit-proof printing techniques and advanced biometric identification systems. For this endeavor, CTR will provide their BioKeyID solution in order to encrypt photography and personal data. This solution will comply with high security standards and produce a variety of personal documentation such as passports, drivers' licenses, and other secured documents. Currently, CTR is developing all necessary software to allow Andalusia, Spain to configure and apply for security documents remotely, using the Internet and encrypted data through a highly secure network. This BioKeyID software application will use our API programming interface for Windows, as well as UNIX/Linux. The biometric information can also be applied through intelligent card or microchip technology.
The cost of phase one of the contract is 300,000 Euros. Phase two is expected to increase the value of the project significantly, as the contractual requirements expand. Paul Palmer, President and CEO stated: "We are pleased that phase one of our project in Spain was completed on time and on budget, and we look forward to similar results for phase two."
About CTR Investments & Consulting, Inc.
CTR Investments and Consulting, Inc. provides a family of information technology services and products used by customers in the financial, government and healthcare sectors. CTR's specialization is in identity information and data assurance, security and encryption technologies. CTR's major offerings are: BioKey ID identity card systems; DataSafe products/services set for capturing and securing electronic documents and information; and a line of Biometric Facial Recognition solutions.
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause CTR Investments and Consulting Inc. actual results in future periods to differ materially from those expressed or suggested herein. These uncertainties and risks include, without limitation, the inherent uncertainty of research, product development and commercialization, the impact of competitive products and patents, our ability to fund our current and future business strategies and respond to the effect of economic and business conditions generally as well as other risks and uncertainties detailed from time to time in CTR Investments and Consulting Inc. filings with the Securities & Exchange Commission.