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ImageWare Systems Launches Investor Awareness Program – Takes Steps to Complete 2009 and 2010 Financial Audits SAN DIEGO, April 26,2011 -- ImageWare Systems (IWSY: PK) a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies, has retained Bibicoff + MacInnis, Inc., a full service corporate marketing and strategic planning firm, to increase investment community awareness of the Company. Bibicoff + MacInnis will launch an investor program and initially concentrate on developing and implementing communications strategies and programs specifically targeting the retail brokerage, institutional and investment banking communities. “This past year we have made significant progress in our business,” said Jim Miller , chairman and CEO of ImageWare Systems . “We expect a significant ramp up in revenues beginning mid 2011 and continuing through 2012. Consequently, we believe that this is the right time for ImageWare to focus on creating liquidity and improving shareholder value. “Also as part of this important initiative, we are taking the steps necessary to complete the audits for fiscal years 2009 and 2010,” continued Miller. “Upon completion of the audits, the Company intends to file with the Securities and Exchange Commission all reports required to be filed for the company to be current. ImageWare’s goal is to once again be a fully reporting company, routinely filing quarterly and annual audited financial results going forward.” Harvey Bibicoff, CEO of Bibicoff + MacInnis, Inc., said, “We look forward to assisting ImageWare’s re-entry into the reporting system and working to improve its profile with the investment community. Upgrading its status to that of a fully reporting company is an important first of several steps in improving visibility, liquidity and value for ImageWare’s shareholders.” Bibicoff added, “ImageWare has a number of features that we believe make it attractive to the investment community, including that it:• Is the only US company offering a patented, agnostic, open-architecture biometric recognition software solution – which works with virtually all existing hardware, software and algorithms, • Provides high gross margin (65%+) software licensing services, and • Is the only publicly traded pure play in the large and rapidly growing Biometric Identity Management Software space. About ImageWare Systems, Inc.
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