ImageWare Systems Expects to File by November 20, 2006
Third Quarter 2006 Conference Call to be Held November 20
SAN DIEGO, CA, November 13, 2006 -
ImageWare® Systems, Inc. (AMEX: IW), a leading developer and provider of identity management solutions, today announced it would delay filing its quarterly report on Form 10-Q due November 14, 2006 and it would delay the press release announcing the financial results of the third quarter of 2006 that ended September 30, 2006.
The reason for the delay is the company has not yet completed its review of the quarterly financial information and is working with its outside auditors to complete such review as soon as possible. The company has filed a Form 12b-25 for an extension in connection with the delayed filing and expects to file its Form 10-Q by November 20, 2006. In conjunction with filing its Form 10-Q, the company also intends to issue a third quarter 2006 financial results press release and hold a conference to discuss the company’s third quarter 2006 performance.
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.
