Veritec and Poder de Compra Sign Agreement to Enter the Philippines Bio-ID Markets
19 Luglio 2010 - 5:53PM
Marketwired
Veritec, Inc. (PINKSHEETS: VRTC) today announced that it has
entered into an agreement with Poder de Compra, headquartered in
Mexico City, Mexico and its Philippines Integration Partner,
NationlinkNet, to provide Veritec's Bio Identification Technologies
(utilizing Veritec's 2-D VSCode® Symbology) to the Philippines
Banking customers starting out with over 20 rural banks in the
country.
"We believe that this partnership will open markets to Veritec's
incredible technologies not just in the Philippines but throughout
Southeast Asia and South America as well," said Van Tran, CEO of
Veritec. "Poder de Compra is pleased and honored to have formed
this partnership with Veritec to bring Veritec's Bio-ID
technologies to the Philippines," said Richard Raskin, Managing
Director of Poder De Compra. "With our proprietary software and
hardware solutions, I am confident that this great business
relationship with Poder de Compra will add much value to our
clients, our strategic partners, and our distributors," said Ms.
Tran. Further details about Veritec's technologies and its multiple
applications can be found on Veritec, Inc.'s website at
www.veritecinc.com.
ABOUT VERITEC, INC.
Founded in 1982, Veritec offers a patented line of encoding and
decoding software products that utilize the 2-D Matrix Symbology™,
which allows users to create, apply, store, or transmit unique
identifiers directly on the products or to an electronic device in
the form of a coded matrix symbol, which enables automated
manufacturing control, as well as identification, tracking, and
collection of data via cameras, mobile phones, readers and
scanners. The collected data can then be stored in the 2-D barcode
available for contemporaneous verification or other user-definable
purposes. Veritec's 2-D Matrix Symbologies, the VeriCode® and
VSCodes®, with its incredible robustness, security features, and
large data storage capacity, have proven to be the technology of
choice for products tracking, identification, and verification in
many automated industries. Veritec technologies are also applicable
in the Secure Bio-ID Cards to provide positive identification via
biometric markers such as fingerprints, or pictures. Veritec's
licensed software products have recently been introduced to the
banking industries via reloadable prepaid cards and gift cards. In
the mobile phone industry, Veritec has patented the "PhoneCodes©"
products that allow an individual using the Internet or mobile
phones to purchase, send, or receive a gift certificate, ticket,
coupon, receipt or transfer money.
Information about Veritec technologies is available at
www.veritecinc.com.
ABOUT PODER DE COMPRA
The Company facilitates cross border transactions by individuals
between countries. Currently, the company is working on several
cross border remittance programs between the United States and
countries such as Mexico, the Philippines and India. The Company
has engaged a consortium of banks resulting in an extensive network
of products available to a broad spectrum of consumers in the
primary country and flowing to other countries.
ABOUT NATIONLINKNET: www.nationlinknet.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
statements are based upon our current expectations and speak only
as of the date hereof. Our actual results may differ materially and
adversely from those expressed in any forward-looking statements as
a result of various factors and uncertainties affecting technology
companies, our ability to successfully develop products, rapid
technological change in our markets, changes in demand for our
future products, legislative, regulatory and competitive
developments and general economic conditions. Our SEC filings
discuss some of the important risk factors that may affect our
business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any
forward-looking statements for any reason unless otherwise required
to do so by SEC Regulations.
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