DOVER, N.H., Oct. 11, 2006 (PRIMEZONE) -- Liska Biometry (OTCBB:LSKA), a leading provider of secure identification solutions, today announced that is expects its third-quarter revenues to exceed $2.5 million, up from zero in the same period of 2005 and from $751,000 in the preceding quarter of 2006. The company credits its successful strategic acquisitions and strong market acceptance for its offerings.
Charles Benz, Chairman and CEO of Liska, said, "Liska Biometry isn't just a start up anymore. We have made the most difficult transition a technology enterprise can make, from a research and development project to a commercial business. We are extremely happy with our progress, and we are especially pleased for our shareholders who have begun to see their patience paying off with this positive guidance."
Benz added, "Since the merger with Digital Card Systems, Inc. and the acquisition of Markow Photo Properties, we've enjoyed a number of synergistic effects, and we continue to refine and standardize our operations to maximize our efficiencies in offering secure identification solutions to our customers. We have successfully integrated DCS and Markow both technically and from a sales point of view. We anticipate the combined operations will continue to grow."
Since the merger, the company has deployed its ICAO/ISO-compliant image capture system in several countries as part of the new standardization of identification documentation. Recently, Liska unveiled a fully integrated mobile identification solution including use of the Biometric Identifier Number (BIN)(tm), its proprietary biometric system. The company intends to roll out the system in existing and new contracts to further enhance clients' security.
As previously announced, Liska's subsidiary, DCS, has won a contract in Barbados, through its partner C.L. Gibbs and Co., LTD, to produce that country's driver's license, as such the company will provide its fully integrated solutions for this project, which can scale readily to accommodate the needs of much larger jurisdictions.
Christopher J. LeClerc, Liska's President and CFO, added, "We believe our fully integrated ID solution is very compelling in the world of ID management, and the success we have experienced so far justifies that belief. At the same time, this is only the beginning. Because we expect the business to continue its rapid growth, we are sensitive to the need that growth be managed wisely, and management is devoting its attention to ensuring that happens."
Cautionary Statement Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
This press release contains "forward-looking statements" and information relating to our business that are based on our beliefs as well as assumptions made by us, or based upon information currently available to us. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are intended to identify forward-looking statements. This press release reflects our current views and assumptions with respect to future events and is subject to risks and uncertainties. Actual and future results and trends could differ materially from those set forth in such statements due to various factors. Such factors include, among others: general economic and business conditions; industry capacity; industry trends; competition; changes in business strategy or development plans; project performance; the commercial viability of our fingerprint biometric solutions and offerings; availability, terms, and deployment of capital; availability of qualified personnel; and ability to generate new markets for our products.