WALL, N.J., Nov. 19 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in wireless public safety and finger-based biometric identification solutions, announced that the Special Shareholder Meeting held today was adjourned without any action being taken because a quorum was not present.
While an impressive 99.3% of the 35 million votes cast voted in favor of the Board of Directors proposal to sell the Company's Law Enforcement Division, the total votes cast were 3.5% or about 3 million shares less than the quorum required to pass the motion.
As a result, the Special Shareholder Meeting was adjourned and a new date of December 3, 2009 has been set for a new Special Shareholder Meeting.
Tom Colatosti, BIO-key's Chairman said, "Your vote is very important. If you have not already done so, we urge you to date, sign and promptly return the proxy card whether or not you plan to attend the special meeting in person on December 3, 2009."
Additional proxy card or copies of the proxy statement are available and can be obtained, without charge, by directing a request to BIO-key International, Inc., 300 Nickerson Road, Marlborough, MA 01752, Attn: Karen Hicks, or by calling Karen Hicks at 508-460-4012 or via email to Karen.firstname.lastname@example.org. Copies of the proxy statement are also available for review at http://www.stocktrans.com/eproxy/biokeyinternationalsp2009
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 1,000 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement. (http://www.bio-key.com)
BIO-key Safe Harbor Statement
Certain statements contained in this press release may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, the impact on our business of the recent financial crisis in the global capital markets and negative global economic trends, and our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
© Copyright 2009 by BIO-key International, Inc.
SOURCE BIO-key International, Inc.
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