Saflink Responds to Unusual Trading Volume
BELLEVUE, Wash.--(BUSINESS WIRE)--Oct. 18, 2005--Saflink(R) Corporation (Nasdaq:SFLK) today stated that its normal policy is not to comment on unusual market activity and that it is not aware of any reason for Monday's higher than average trading volume and stock price decline.
According to Glenn Argenbright, President and CEO of Saflink, "We don't typically comment on unusual market activity, industry speculation or rumors. However, in light of recent trading activity in our stock, we felt it was important that we communicate with our shareholders to let them know that we are not aware of any material, undisclosed information that would contribute to yesterday's decline or unusually high trading volume. We believe that we've built the appropriate suite of products and solutions to serve the needs of both public sector and commercial customers, as the demand for trusted authentication solutions grows."
About Saflink
Saflink Corporation offers biometric security and smart card solutions that protect intellectual property, secure information assets and eliminate passwords. Saflink Identity Assurance Management(TM) solutions allow administrators to verify identity and control access to computer networks, physical facilities and applications. Saflink also offers protection and privacy for email, web applications and electronic documents. For more information, please visit http://www.SAFlink.com or call 800-762-9595.
NOTE: "Saflink" is a registered trademark and "Identity Assurance Management" is a trademark of Saflink Corporation.
This release contains information about management's view of the company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with the company's financial condition, its ability to sell its products, its ability to compete with competitors and the growth of the security market, and in its Annual Report on Form 10-K, as well as other documents periodically filed with the Securities and Exchange Commission.
Saflink Press Contact:
Sterling Communications
Rachel Berry, 253-853-5030
rberry@sterlingpr.com
or
Investor Relations Contact:
Investor Awareness, Inc.
Tony Schor, 847-945-2222
tony@investorawareness.com
SOURCE: Saflink