Solidus Networks, Inc. Seats New Board of...(new board also confirmed the engagement ...)

Date:1/14/2008

new board also confirmed the engagement of Jefferies & Company to serve as investment banker to lead communications with potential investors and structure a transaction that will present the highest value result through the bankruptcy process. The Company continues to maintain its patent portfolio and technology platform to serve biometric authentication and payments covering existing applications as well as potential future applications in the financial, online, healthcare, gaming and international segments.

All core and non-core businesses, including consumer biometric and loyalty transactions, continue business as usual.

"We have seen Solidus Networks through a lot of changes, and we remain committed to Pay By Touch because it has the unique potential to actually change how the world transacts," said Art Petrie, Chairman of the Board. "We have a solution that is customized and simple for consumers, economical and brand-building for retailers, and helps Consumer Packaged Goods (CPG) companies build loyalty more efficiently."

Biographies of the new Board of Directors can be found at http://www.paybytouch.com.

About Pay By Touch

Pay By Touch (http://www.paybytouch.com) is wowing the world one touch at a time as the global leader in biometric authentication, personalized marketing and payment solutions. To date, patented Pay By Touch(TM) biometric services have enabled over 4 million shoppers in the U.S., Europe and Asia to quickly and securely use a finger scan to access personalized offers, make purchases, and cash checks at more than 2,600 locations nationwide. Founded in 2002 and headquartered in San Francisco, Pay By Touch holds more than 60 issued patents and 175+ pending patents worldwide on secure, convenient and cost-effective transaction solutions.

'/>"/>

SOURCE Solidus Networks, Inc. Copyright©2008 PR Newswire. All rights reserved

1 GOOD

Page: 1 2
Related biology news :

1. TAU scientists probe deep questions aboard EcoOceans environmental research ship
2. Michael A. Betts, Seasoned Financial Services Executive, Joins CIC Board of Directors
3. Michael A. Betts, Seasoned Financial Services Executive, Joins CIC Board of Directors
4. New test finds diisobutyl phthalate in some cardboard food packaging -- recycling is the issue