Comnetix Chosen to Provide Biometric Authentication Technology8 December 2004
Comnetix Inc. (Toronto: CXI), a leading provider of biometric identification and authentication solutions, announced today that it has received an order, valued at more than $150,000 CDN, for its Civil Applicant Processing System (CAPS(TM)). The order comes from a major
international investment bank, whose identity has been contractually kept confidential. The system will be used to fingerprint potential employees in order to run criminal history and periodic status checks, as required by federal regulations.
Comnetix CEO Jim Scullion said, "Comnetix is fast becoming the provider of choice for sophisticated international financial institutions because our solutions are fast, accurate, and their open architecture enables communication with any other database upon which data may be stored. We have a number of major financial institutions as customers, as well as a one of theworld's largest stock exchanges, and are very proud to add this prestigious organization to the growing list of those with whom we work."
The system will be installed in the customer's New York City headquarters, and two remote sites, including London, England, and will interface with its local human resources systems. Integration with the bank's legacy systems will enable the bank to create a unified employee record.
The system will facilitate electronic data submission to the FBI automated fingerprint identification systems (AFIS/IAFIS) environment via channeling agents, such as the National Association of Securities Dealers (NASD), using specified electronic fingerprint transmission specification (EFTS) communications.
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the
expectations expressed in these forward-looking statements.
For further information
Investor Relations:
Jesse Deal
877-691-8087
Tim Zahavich
Comnetix Inc
905-829-9988 ext 206
investor.relations@comnetix.com
Media Relations:
Alan Brousseau
408-879-7420
Source: PR Newswire
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