Veritec Enters South America Markets With the First Order From Peru
17 Août 2010 - 1:00PM
Marketwired
Veritec, Inc. (PINKSHEETS: VRTC) today announced that it has
received the first order for VeriCode® Writers and Readers from
Peru for their Traffic Control System for secure identification of
automobile and motorcycle license plates.
"We believe this will open new markets to Veritec's great
technologies not just to Peru but also throughout South America. We
have been working long and hard with our Peruvian Partners for over
2 years on this project," said Van Tran, CEO of Veritec.
ABOUT VERITEC, INC.
Founded in 1982, Veritec offers a patented line of encoding and
decoding software products that utilize the 2-D Matrix Symbology™,
which allows users to create, apply, store, or transmit unique
identifiers directly on the products or to an electronic device in
the form of a coded matrix symbol, which enables automated
manufacturing control, as well as identification, tracking, and
collection of data via cameras, mobile phones, readers and
scanners. The collected data can then be stored in the 2-D barcode
available for contemporaneous verification or other user-definable
purposes. Veritec's 2-D Matrix Symbologies, the VeriCode® and
VSCodes®, with its incredible robustness, security features, and
large data storage capacity, have proven to be the technology of
choice for products tracking, identification, and verification in
many automated industries. Veritec technologies are also applicable
in the Secure Bio-ID Cards to provide positive identification via
biometric markers such as fingerprints, or pictures. Veritec's
licensed software products have recently been introduced to the
banking industries via Stored-Value Cards or credit cards. In the
mobile phone industry, Veritec has patented the "PhoneCodes©"
products that allow an individual using the Internet or mobile
phones to purchase, send, or receive a gift certificate, ticket,
coupon, receipt or transfer money.
Further details about Veritec's technologies and its multiple
applications can be found on Veritec, Inc.'s website at
www.veritecinc.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
statements are based upon our current expectations and speak only
as of the date hereof. Our actual results may differ materially and
adversely from those expressed in any forward-looking statements as
a result of various factors and uncertainties affecting technology
companies, our ability to successfully develop products, rapid
technological change in our markets, changes in demand for our
future products, legislative, regulatory and competitive
developments and general economic conditions. Our SEC filings
discuss some of the important risk factors that may affect our
business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any
forward-looking statements for any reason unless otherwise required
to do so by SEC Regulations.
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Contact: Van Tran (CEO) vtran@veritecinc.com 2445 Winnetka
Avenue No. Golden Valley, MN 55427 (763) 253 - 2670; Phone (763)
253 - 0503; Fax www.veritecinc.com
Veritec (PK) (USOTC:VRTC)
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