Viisage Appoints Deloitte & Touche LLP as Independent Registered Public Accounting Firm
02 May 2006 - 9:00PM
Business Wire
Viisage (Nasdaq: VISG) today announced that the Audit Committee of
the Viisage Board of Directors has appointed Deloitte & Touche
LLP as its independent registered public accounting firm. The
Deloitte engagement commences with a limited review of Viisage's
financial results for the first quarter ended March 31, 2006 to be
filed on Form 10-Q. Viisage anticipates filing for an extension on
the Form 10-Q filing date until May 15, 2006 to allow time for
Deloitte to complete the procedures necessary for a first-time
engagement. "The appointment of Deloitte & Touche LLP is
another step in fulfilling our vision of building a leading
provider of end-to-end identity solutions," said Robert V. LaPenta,
chairman of the board of Viisage. "We are committed to growth and
profitability, and to proper internal controls and financial
systems in order to provide accurate and reliable financial data to
our management and shareholders." About Viisage Viisage (NASDAQ:
VISG) delivers advanced technology identity solutions for
governments, law enforcement agencies and businesses concerned with
enhancing security, reducing identity theft, and protecting
personal privacy. Viisage solutions include secure credentials such
as passports and drivers' licenses, biometric technologies for
uniquely linking individuals to those credentials, and credential
authentication technologies to ensure the documents are valid
before individuals are allowed to cross borders, gain access to
finances, or granted other privileges. With over 3,000
installations worldwide, Viisage's identity solutions stand out as
a result of the Company's industry-leading technology and unique
understanding of customer needs. Viisage's product suite includes
IdentityTOOLS(TM) SDK, Viisage PROOF(TM), FaceEXPLORER(R),
iA-thenticate(R), ID-GUARD(R), BorderGuard(R), PIER(TM), HIIDE(TM),
AutoTest(TM), FacePASS(TM) and FaceFINDER(R). This news release
contains forward-looking statements that involve risks and
uncertainties. Forward-looking statements in this document and
those made from time to time by Viisage through its senior
management are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect the Company's current views with
respect to the future events or financial performance discussed in
this release, based on management's beliefs and assumptions and
information currently available. When used, the words "believe",
"anticipate", "estimate", "project", "should", "expect", "plan",
"assume" and similar expressions that do not relate solely to
historical matters identify forward-looking statements.
Forward-looking statements concerning future plans or results are
necessarily only estimates and actual results could differ
materially from expectations. Certain factors that could cause or
contribute to such differences include, among other things, in
particular, the Company's ability to obtain a timely review of its
financial results, the size and timing of contract awards,
performance on contracts, performance of acquired companies,
availability and cost of key components, unanticipated results from
audits of the financial results of the Company and acquired
companies, changing interpretations of generally accepted
accounting principles, outcomes of government reviews, developments
with respect to litigation to which we are a party, potential
fluctuations in quarterly results, dependence on large contracts
and a limited number of customers, lengthy sales and implementation
cycles, market acceptance of new or enhanced products and services,
proprietary technology and changing competitive conditions, system
performance, management of growth, dependence on key personnel,
ability to obtain project financing, general economic and political
conditions and other factors affecting spending by customers, and
the unpredictable nature of working with government agencies. In
addition, such risks and uncertainties include, among others, the
following risks: that the merger with Identix will not close, that
the regulatory or shareholder approval will not be obtained, that
the closing will be delayed, that customers and partners will not
react favorably to the merger, integration risks, the risk that the
combined companies may be unable to achieve cost-cutting synergies,
and other risks described in Viisage's and Identix' Securities and
Exchange Commission filings, including the Registration Statement
on Form S-4 to be filed with the SEC in connection with the
transaction, Viisage's Annual Report on Form 10-K for the year
ended December 31, 2005 under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations," and Identix' Annual Report on Form 10-K for
the year ended June 30, 2005 and its Quarterly Reports on Form 10-Q
for the quarters ended September 30, 2005 and December 31, 2005
under the captions "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations." Viisage
expressly disclaims any obligation to update any forward-looking
statements.
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