Navigation Links
Explorations Group Acquires Hawk Biometric Technologies, Inc.

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:
(Date:11/17/2015)... -- Vigilant Solutions announces today that Mr. Dick W. ... --> --> Mr. Boyce ... at TPG Capital, one of the largest global investment ... revenue.  He founded and led TPG,s Operating Group, which ... 1997 to 2013.  In his first role, he served ...
(Date:11/12/2015)... golden retriever that stayed healthy despite having the gene ... new lead for treating this muscle-wasting disorder, report scientists ... and Harvard and the University of São Paolo in ... pinpoints a protective gene that boosts muscle regeneration, ... Children,s lab of Lou Kunkel , PhD, is ...
(Date:11/11/2015)... MedNet Solutions , an innovative SaaS-based eClinical technology company that ... announce that it will be a Sponsor of the ... held November 17-19 in Hamburg , Germany.  ... iMedNet , MedNet,s easy-to-use, proven and affordable eClinical ... able to deliver time and cost savings of up to ...
Breaking Biology News(10 mins):
(Date:11/25/2015)... Oregon , November 25, 2015 ... Market Research Report is a professional and in-depth ... industry.      (Logo: ) ... overview of the industry including definitions, classifications, applications ... is provided for the international markets including development ...
(Date:11/24/2015)... , Nov. 24, 2015  Asia-Pacific (APAC) ... research organisation (CRO) market. The trend of outsourcing ... lower margins but higher volume share for the ... and scale, however, margins in the CRO industry ... (CRO) Market ( ), finds that ...
(Date:11/24/2015)... , Nov. 24, 2015 Cepheid (NASDAQ: ... speaking at the following conference, and invited investors to ... NY      Tuesday, December 1, 2015 at 11.00 ... NY      Tuesday, December 1, 2015 at 11.00 ... Conference, New York, NY      Tuesday, ...
(Date:11/24/2015)... , Nov. 24, 2015 /CNW/ - iCo Therapeutics ("iCo" ... reported financial results for the quarter ended September ... in Canadian dollars and presented under International Financial ... States ," said Andrew Rae , ... regarding iCo-008 are not only value enriching for ...
Breaking Biology Technology: