WALL, N.J., Dec. 3 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in wireless public safety and finger-based biometric identification solutions, announced that a majority of its shareholders at a Special Shareholder Meeting held today approved the sale of the company's Law Enforcement Division to Interact911 Mobile Systems Inc. Of the shares voted, 98.6% were cast in favor and 1.2% were opposed.
BIO-key expects to close the sale transaction with Interact911 Mobile Systems Inc. by the end of December.
Mike DePasquale, BIO-key's CEO said, "We are thrilled with the overwhelming support we have received from our shareholders for our vision, strategy and future. As we enter a new year, we will be a new company - net debt free and focused with what we believe is the world's most accurate and scalable finger biometric technology. As the biometric market finally begins to emerge, we believe our long and sustained investment in technology, our premier biometric customers and our licensing and reseller business model provide us with the opportunity to be a high-margin growth business".
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
|SOURCE BIO-key International, Inc.|
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