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[QUOTE]Originally posted by J_U_ICE: [QB] BKYI .34 Northern announces filing of Comnetix dissident proxy circular 1/5/2007 TORONTO, Jan. 5, 2007 (Canada NewsWire via COMTEX News Network) -- (TSX: NFC) Northern Financial Corporation (TSX: NFC) ("Northern"), today announced it has filed its dissident proxy circular with respect to the Comnetix Inc. (TSX: CXI) ("Comnetix") annual and special meeting of shareholders to be held on January 19, 2007. Northern strongly recommends that Comnetix shareholders vote AGAINST the proposed arrangement whereby L-1 Identity Solutions, Inc. ("L-1") has offered to acquire Comnetix for US$0.82 per Comnetix share, due to the inadequate consideration offered by L-1. Instead, Northern supports the superior offer proposed by BIO-key International Inc. (OTC Bulletin Board: BKYI) ("BIO-key"), in which BIO-key offers US$1.29 per Comnetix share, payable in BIO-key shares. The BIO-key offer is conditional on Comnetix shareholders not approving the L-1 offer. In order for the proposed L-1 acquisition to be approved, two-thirds of Comnetix shareholders must approve L-1's offer. For further information, please refer to Northern's dissident proxy circular filed on [URL=http://www.sedar.com]www.sedar.com[/URL] (under Comnetix's profile) or call Kingsdale Shareholder Services Inc. at 1-866-289-9929. Northern owns or exercises control or direction over, or has entered into a voting agreement in connection with, 3,464,138 of the total issued common shares of Comnetix, representing approximately 24.5% of the issued common shares of Comnetix. About Northern Financial Corporation Northern Financial Corporation wholly owns Northern Securities Inc., a full service investment dealer that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies. %SEDAR: 00004119E SOURCE: Northern Financial Corporation Ann Krallisch, Director, Business Development, Northern Securities Inc., (416) 644-8113, Fax: (416) 644-0270, e-mail: akrallisch*northernsi.com Copyright (C) 2007 CNW Group. All rights reserved. [/QB][/QUOTE]
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