ImageWare Systems Announces Delaware Reincorporation Approved By Shareholders
SAN DIEGO, CA, January 13, 2006 - ImageWare® Systems, Inc. (AMEX: IW),
a world leading developer and provider of biometric identity management solutions, today reported shareholder approval of the proposal to change the state of incorporation of ImageWare Systems, Inc. from California to Delaware. The proposal was approved by the shareholders in a Special Meeting of Shareholders held yesterday, January 12, 2006 in San Diego. Over 88% of the votes received with regard to this proposal were in favor of the proposal to reincorporate in Delaware. The company is taking the necessary steps required to effect the reincorporation and expects to complete the process by January 20, 2006.
About ImageWare Systems, Inc.
ImageWare Systems, Inc. (AMEX:IW), is a leading developer and provider of identity management solutions, providing biometric, secure credential, law enforcement and digital imaging technologies. Scalable for worldwide deployment, the Company's biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials including national IDs, passports, driver licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. The Company also provides comprehensive digital workflow solutions for the professional photography industry. ImageWare is headquartered in San Diego, with offices in Washington DC and Canada. For more information visit www.iwsinc.com.
Safe Harbor Statement
This news release may contain forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. The company's operations and business prospects are always subject to risks and uncertainties. Important facts that may cause actual results to differ are set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.
