SAN ANTONIO, Aug. 23, 2005 (PRIMEZONE) -- FaceKey Corporation (Pink Sheets:FEKY), a biometrics technology provider that specializes in access and security control, announced today that the Company has signed a Reseller Agreement with ONLINE Business Services, Inc. The Agreement encompasses the marketing and sales of FaceKey's biometric products to ONLINE Business Services, Inc.'s 400 clients. FaceKey intends to customize its current Time & Attendance management software by incorporating new features in order to best service ONLINE Business Services' growing customer base.
"Our latest reseller agreement with ONLINE Business Services allows FaceKey to diversify the Company's product distribution channels within the corporate marketplace as well as dramatically increase our customer base. We are very excited to work with ONLINE Business Services and are customizing our biometric Time & Attendance systems to address specific customer needs in preventing employee fraud. FaceKey's biometric technology ensures positive identification and allows employers to save significant amounts of capital on an annual basis by establishing an effective Time and Attendance tracking system and policy," commented Yevgeny B. Levitov, Ph.D., President of FaceKey Corporation.
Joshua Schechter, President of ONLINE Business Services, commented, "ONLINE Business Services welcomes FaceKey's biometric technology as a great enhancement to our Time & Attendance and Payroll Management suite of solutions. We feel that there is great demand by our network of customers for Biometric technologies that provide fraud prevention solutions for Time & Attendance and Payroll Management. ONLINE Business Services is looking forward to working together with FaceKey to provide the corporate marketplace with an effective Time & Attendance and Payroll Management solution and foresees a synergy created by adding biometric technology to our current product and service offerings."
FaceKey's Standard Biometric Time and Attendance System is able to mix any variation of biometric and non-biometric identification methods such as fingerprint recognition coupled with a slide card or keypad. The system is also available in non-biometric models such as readers for proximity cards, swipe cards, or keypads. In addition, each system can serve as a one station standalone Time & Attendance unit or can be networked to accommodate multiple sites. FaceKey encourages interested parties to access a Time & Attendance Potential Savings Calculator that is available in the "Products" section of the Company's website at http://www.facekey.com/section/products/.
ONLINE Business Services, www.ONLINEpayroll.com, was founded in 1993 as an independent payroll service bureau with clients in the Texas region. The Company has since experienced steady and significant growth, and now services over 400 clients nationwide. The size of ONLINE's clients varies from small companies with 24 employees to large corporations with as many as 4,000 employees. ONLINE's current service menu includes Payroll, Tax, PC Access, Direct deposit, Human resource interface tracking and references, Timekeeping, G/L interface, 401k, 125c compliance and Custom reporting services.
About FaceKey Corporation
FaceKey Corp., headquartered in San Antonio, Texas, 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.