TORONTO, Jan. 15, 2008 (PRIME NEWSWIRE) -- Logica Holdings, Inc. (OTCBB:LGHL) announced today that it believes it is the only company to currently offer a proprietary state-of-the-art biometric technology enrollment and validation system for underage users of social networking sites to help prevent sexual predators from using these sites to contact children.
Following an agreement announced yesterday with MySpace and more than 45 states to add protections and look at new technologies including age verification to prevent sexual predators and others from misusing the site, Logica intends to approach MySpace and other social networking sites with its unique solution.
Logica's technology incorporating biometric technology in the form of a fingerprint reader, developed along with its partners Novell, Fujitsu and 123ID, is currently being employed in Logica's new web site Annesdiary.com, the world's first secure social networking site for girls ages 6-14. The site, which was launched in November, is based on the novel Anne of Green Gables and is seeing increasing enrollment as girls and parents around the world are seeking a safe website for establishing friendships within a secure online community.
"Logica is the first and only company with safety measures in place so we are very eager to discuss with MySpace on how we might work together to insure that young people who visit these sites do so in a safe and secure environment," said Pino Baldassarre, Chief Executive Officer of Logica Holdings, Inc. "As our technology is proven effective, we stand ready to help MySpace and other social networking sites verify the authenticity of its users as we help make the world safer from Internet predators, which is a very real and dangerous threat."
Emily Want, Chief Executive Officer of Logica's Anne's World subsidiary, noted that Annesdiary.com is built from the ground up with a direct focus on security. "This focus has been enhanced by our partnerships with Novell Technologies, Fujitsu Limited and 123ID, which helps us make Annesdiary.com truly one of the most secure and safest websites for children," Ms. Want said.
HOW ANNESDIARY.COM'S IDENTITY VERIFICATION WORKS
By utilizing Fujitsu's best in class sensors coupled with 123ID's Universal Matching System (UMS) engine, both enrollment and authentication of user fingerprints is done with precision and efficiency, significantly increasing the matching rate, as well as maintaining a low false-positive rate. The utilization of 123ID's UMS engine has allowed the ubiquity of using any reader to authenticate and enroll with any biometric reader available, either standalone or integrated, such as a built-in keyboard reader.
All communications between the user and the Annesdiary.com server are done through an SSL tunnel similar to that used in financial transactions. In addition, the site uses an "Extended Verification" certificate to further increase security from the current phenomenon of phishing attacks.
ABOUT LOGICA HOLDINGS, INC. (www.logicaholdings.com)
Logica Holdings, Inc. is a company whose primary focus is in the e-commerce and information technology sectors. The current configuration of held companies reflects a common theme: the growing global market for social networking and downloadable entertainment content. This is the essential idea behind the entities that are currently part of Logica Holdings, which include Plays On the Net, a comprehensive and global online guide to theater, Anne's World, licensee of Annesdiary.com, the world's first secure social networking site for girls ages 5-14, and Curtain Rising, a user-friendly search engine which will enable theater-goers to locate productions, venues and information with ease.
The Logica Holdings, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4331
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for subsidiary markets and the demand for its products. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company refers interested persons to its most recent Annual Report on Form 10-KSB and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The company assumes no duty to update its forward-looking statements.