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Author Topic: ANOTHER NEOM press release!
Kevin Bailey
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NeoMedia Technologies and Secure Source Technologies Employ Patented Security Used by 400-Plus Companies to Fight War Against Consumer and Industrial Fraud

September 17, 2003 13:02:00 (ET)


FT. MYERS, Fla., Sep 17, 2003 (BUSINESS WIRE) -- Patented security techniques, which have been used by more than 400 domestic and international companies to safeguard information, are the newest weapons in a war being waged against consumer and industrial fraud by NeoMedia Technologies, Inc. (NEOM, Trade), and Secure Source Technologies, Inc. (SST), a company NeoMedia has announced plans to acquire.

When NeoMedia announced plans to acquire and merge with Washington, D.C. area-based SST (see "NeoMedia Signs LOI to Acquire Secure Source Technologies, including Patents with Homeland Security and Wireless Industry Applications," Business Wire, July 28), it "was a big step in using technology to help protect information that is essential to stopping consumer and industrial fraud," said Jon Greene, SST's CEO.

"SST and NeoMedia are now taking dead aim at combating fraud stemming from non- or poorly-secured information and documents. We are pooling our patented technologies to wage this all-important war," he said.

Greene cited document and product packaging counterfeiting as a $600 billion national disaster (as reported in USA Today, April 27, 2003), testimony by Ronald K. Noble, secretary general of Interpol, to the House Committee on International Relations that terrorist such as Al Quada and Hezbollah traffic in counterfeit consumer goods to fund their activities, and even the Federal Trade Commission survey released two weeks ago which showed that more than 27 million Americans have been victims of "identity theft" in the past five years.

'Patents and IP Keys to Acquisition'

"Jon Greene and SST have unique expertise in fighting fraud," said Chas Fritz, NeoMedia's chairman, who cited SST's patents, intellectual properties and know-how as "keys to the proposed acquisition and merger." Fritz said that through the end of 2002, SST's IP and patents had generated more than $900,000 in licenses, fees and royalties, and that a broad range of more than 400 companies, including NeoMedia, have licensed, paid fees or royalties for use of the patents or purchased products incorporating the patents and IP.

U.S. Currency as a Barometer for Counterfeiting Trends

"U.S. currency seems to be a barometer for counterfeiting trends," said Greene. "Until recently, our currency changed only once during the 20th century. Now there have been three changes in 10 years, and more modifications may well no doubt be made in the future while fraud remains so rampant."

One of the many security features on new currency, he said, is UV (for ultra violet) ink, an area of great expertise and experience of Greene and SST.

"UV ink is a commonly accepted security feature for many documents and packaging," he said, "but by itself, it's much like putting a finger in a leaky dike because you have to know it's there in the first instance, and usually it's just static. However, UV is a great medium to build from because it can 'survive' digitization or image scanning, meaning it has been made 'intelligent' by SST and other innovators. Bar codes printed with invisible ink, along with visible data or similar codes on a document, ID cards or product packaging, are extremely powerful weapons against counterfeits, and can be read and processed by NeoMedia's patented PaperClick(TM) technology platform. That's an example of how NeoMedia and SST are teaming up to fight the security battle."

Issuers will soon be able to leverage the power of encrypted information with covert ink, said Greene. "With the advent of UV ink on money people are getting used to checking for its presence," noting that UV document verifiers for bills and checks are now standard in many of Bank of America's 4,200 branches nationwide.

"The awareness and use of UV ink has become mainstream now," he said. "It provides a solid and safer base from which to leverage the combination of our newest patented solutions and applications employing Public Key Infrastructure (PKI), encompassing cryptology and digital signatures on the Internet and in documents, advances in image capture devices, and the speed of Internet." He said SST's patented technology and methods have been used since 1994 by some of the largest security printers and banks in the US and abroad to protect their negotiable instruments.

About NeoMedia Technologies

NeoMedia Technologies, Inc. (www.neom.com), is an innovator and international leader in print-to-Internet and other technologies, which make information faster and easier to access, with expertise in homeland security and e-authentication applications. NeoMedia markets services which link physical information and objects to the Internet under the PaperClick trademark, and its Systems Integration Group specializes in Open and Storage System solutions and automating print production operations. NeoMedia has announced plans to acquire and merge with Loch Energy, Inc., of Houston, an energy company with proven and probable reserves of 13.97 million barrels of oil, and Secure Source Technologies, Inc., of Silver Spring, Maryland, a provider of security solutions and a pioneer in covert security technology for the manufacturing and financial services industries.

About Secure Source Technologies

Secure Source Technologies, Inc., is a provider of security solutions and a pioneer in covert security technology for the manufacturing and financial services industries.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement

PaperClick is a trademark of NeoMedia Technologies.

SOURCE: NeoMedia Technologies


NeoMedia Technologies
Charles T. Jensen, (239) 337-3434
cjensen@neom.com
or
The Kaminer Group
David A. Kaminer, (914) 684-1934
dkaminer@kamgrp.com
http://www.businesswire.com

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2003 Business Wire. All rights reserved.

------------------
"Innovation distinguishes between a leader and a follower."
-Steve Jobs


Posts: 1470 | From: Fort Worth, TX | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
justplayin
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More News!!

CALGARY, Alberta, Dec 02, 2003 (PRIMEZONE via COMTEX) -- CSI International Inc., a technology and products leader in the global micro paint repair industry, said today that DuPont(r) (NYSE D) has endorsed its micro paint repair system, strengthening its strategic alliance with the multinational giant, and setting the stage for product distribution.

Stanton Hill, CEO of CSI, said a letter received yesterday from DuPont Performance Coatings said"DuPont was pleased to announce that CSI, with its micro repair technology experience, has coupled with DuPont Performance Coatings paint, color management and automotive coatings experience and established a useful and highly productive micro repair paint system."The letter, he said, praised CSI for"pioneering a highly progressive micro paint repair approach targeted for the cosmetic and appearance repairs of automotive vehicles, and for providing potential users with a fast, safe and seamless micro repair system. DuPont Performance Coatings is the leading supplier to the global automotive finishes industry with innovative technology and a proven track record in the coatings industry,"the letter said.

'Great Relationship, Exciting Future'

Hill said CSI has"a great relationship with DuPont Performance Coatings and the Dupont Automotive Finishing Division, offering an exciting future as we begin product distribution."Hill said the last month,"has been an incredibly active and exciting time,"for CSI. In early November, a Letter of Intent was signed for CSI to be acquired by NeoMedia Technologies, Inc., (OTCBB:NEOM), of Fort Myers, Florida, an innovator and worldwide leader serving business, government and consumers with patented technologies which connect bar-type codes to targeted online information. He said that when the acquisition closes, NeoMedia plans to build on CSI's well-established inroads with automotive and chemical multinationals for sales of its technology products and platforms.

Last week CSI announced it had been awarded a private label contract by CrackMaster(tm) Distributors Ltd. of St. Albert, on behalf of its ChipMaster(tm) Auto Paint Systems subsidiary, to create custom formulations and products for private label sales to and through ChipMaster distributors.

CSI has a similar relationship in the U.S. with NOVUS(r) and its Shat R Proof(tm) Corp. division, Hill said.


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old mullet
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excellent!!! i have been loading up on neom waiting for some news. this is shaping up to be a great week. the opposite end of the spectrum from week before last.

thanks for the good news. this should give neom a little boost today.

uncle milty


Posts: 1081 | From: santa fe, new mexico/puerto vallarta, mexico | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Sapper
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If there is at least the same boost for neom as adot did yesterday I would be more than happy...

FTS


quote:
Originally posted by old mullet:
excellent!!! i have been loading up on neom waiting for some news. this is shaping up to be a great week. the opposite end of the spectrum from week before last.

thanks for the good news. this should give neom a little boost today.

uncle milty



Posts: 48 | From: Philadelphia, PA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
old mullet
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i think it will take a pr on the paper click cell phone technology to really move this again. that is what caused its original run up in the first place.

the paint deal is tentative and they have failed deals in their past, so until the deal goes down it probably wont have too much more effect on the price.

uncle milty


Posts: 1081 | From: santa fe, new mexico/puerto vallarta, mexico | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
justplayin
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FYI

January 13, 2004

FT. MYERS, Fla., and LONDON , Jan 13, 2004 (PRIMEZONE via COMTEX) --

NeoMedia Technologies, Inc. (OTCBB:NEOM), a developer of software and patented technologies which link products, print, and physical objects directly to targeted online data, and iCoupon Ltd., a London-based innovator in electronic coupons delivered via camera cell phones, today announced their intent to enter a collaborative agreement in Europe.

In announcing its intent, iCoupon will work with Big Gig Strategies of London, which is spearheading the launch of PaperClick(tm) and PaperClick for Nokia(r) Camera Cell Phones(tm) in Europe.

iCoupon and its 'm-bar-go'product are market leaders in mobile bar code technology which links with customer relationship management (CRM) campaigns and retail electronic point-of-sale (EPOS) systems, offering brand owners a secure, measurable, and traceable alternative to conventional paper coupons.

'The ability to create and implement a state-of-the-art electronic couponing program with our patented PaperClick technology in collaboration with iCoupon is very exciting,'said Charles T. Jensen, president, COO and acting CEO of NeoMedia.

'Product brand managers have long known that couponing works,'he said. 'Now, innovators like iCoupon have brought the art of couponing into the 21st Century, creating and delivering coupons electronically to Web-enabled camera cell phones, to be scanned at point-of-sale for instant redemption and discounts.'

Quick and Easy Electronic Coupon Delivery and Redemption

'With 'm-bar-go', coupon redemption is quick and easy, and can reach the entire mobile market,'said Marc Lewis, CEO and founder of iCoupon. 'Once a coupon is delivered electronically to the camera phone's screen, the consumer need only bring the phone to the retailer, where the coupon will be scanned at the point-of-purchase through a bar code reader.

'iCoupon designed our m-bar-go technology to seamlessly integrate with the EPOS infrastructure in use today, and require very little training of staff,'he said. 'iCoupon believes m-bar-go is an ideal addition to the PaperClick technology platform developed and patented by NeoMedia.


Posts: 1702 | From: Michigan | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
   

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