Navigation Links
Explorations Group Acquires Hawk Biometric Technologies, Inc.
Date:2/21/2009

NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- Explorations Group Inc. (OTC Bulletin Board: EXGI), announced today that it has acquired Florida-based Hawk Biometric Technologies, Inc., a developer of patented biometric systems for the automotive, real estate and maritime industries. Hawk Biometric's signature PASS(TM) product integrates fingerprint scanning into a vehicle's operating system and permits operation by only authorized drivers. Combined with optional GPS capabilities, PASS(TM) allows vehicle owners to remotely monitor, track, geo-fence, speed check and disable PASS(TM) equipped vehicles.

David Coriaty, CEO of Hawk Biometric and the new CEO of Explorations stated "by joining with Explorations, we now have the opportunity to leverage our substantial biometrics intellectual property and the ability to access additional capital to pursue distribution, marketing, and manufacturing relationships to broaden our penetration into multiple market verticals." Eric Brown, the departing CEO of Explorations said "we are thrilled to have the entire Hawk Biometric team join us. The acquisition of Hawk Biometric should be just the first step in our long term plan to build shareholder value."

Shareholders of Hawk Biometric received a total of 600,000 shares of Explorations' Series B preferred stock, each share of which is convertible into 100 shares of Explorations' common stock. Explorations is planning a 1-for-6 reverse split of its common stock. The Series B preferred shares will not be affected by such stock split. Explorations expects to spin-off its parking garage assets to its shareholders of record as of February 18, 2009.

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "should," "intends," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.


'/>"/>
SOURCE Explorations Group Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related biology news :

1. Hispanic women and breast cancer: An understudied group
2. Disabled and other vulnerable groups more susceptible to terrorism fears
3. Caltech researchers get first look at how groups of cells coordinate their movements
4. Energy Biosciences Institue named "Deal of Distinction" by tech-transfer group
5. Gender biases in leadership selection during competitions within and between groups
6. BIO-keys(R) Law Enforcement Group Awarded $700,000 in New Contracts
7. Genome of saltwater creature could aid understanding of gene grouping
8. Recurrence of group B strep high in subsequent pregnancies, say UT Houston obstetricians
9. Len Hunt Joins Gallup Consulting Group
10. Researchers report the cloning of a key group of human genes, the protein kinases
11. Titanium Group to Attend Regional ICT Meeting in Thailand
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/21/2016)... , June 21, 2016 NuData ... the new role of principal product architect and ... the director of customer development. Both will report ... technical officer. The moves reflect NuData,s strategic growth ... response to high customer demand and customer focus ...
(Date:6/9/2016)... 2016  Perkotek an innovation leader in attendance control systems is proud to announce ... for employers to make sure the right employees are actually signing in, and to ... ... ... ...
(Date:6/2/2016)... 2, 2016 The Department of Transport ... the 44 million US Dollar project, for the , ... including Personalization, Enrolment, and IT Infrastructure , to ... production and implementation of Identity Management Solutions. Numerous renowned international ... Decatur was selected for the most compliant ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... YORK , June 23, 2016 ... trading session at 4,833.32, down 0.22%; the Dow Jones Industrial ... S&P 500 closed at 2,085.45, down 0.17%. Stock-Callers.com has initiated ... INFI ), Nektar Therapeutics (NASDAQ: NKTR ), ... Therapeutics Inc. (NASDAQ: BIND ). Learn more about ...
(Date:6/23/2016)... ... June 23, 2016 , ... Regulatory ... technical consulting, provides a free webinar on Performing Quality Investigations: Getting ... at 12pm CT at no charge. , Incomplete investigations are still a major ...
(Date:6/23/2016)... , June 22, 2016  Amgen (NASDAQ: ... the QB3@953 life sciences incubator to accelerate ... The shared laboratory space at QB3@953 was created to ... key obstacle for many early stage organizations - access ... the sponsorship, Amgen launched two "Amgen Golden Ticket" awards, ...
(Date:6/22/2016)... , June 22, 2016 Cell ... will allow them to produce up to one ... one lot within one week. These high-quality, consistent ... laboriously preparing cells and spend more time doing ... through a proprietary, high-volume manufacturing process that produces ...
Breaking Biology Technology: