HENDERSON, Nev., 23 Sept. 2005. Security First International Holdings, Inc. announces that it has signed a definitive agreement to acquire Apogee Biometrics, Inc., a corporation based in Kennewick, Wash., with a regional office in Seattle.
Apogee Biometrics Inc. (ABI) is a security technology enterprise that develops advanced biometric products. The company intends its product line to become the industry standard for biometric authentication solutions for physical access, time and attendance, and logical access, including computers and networks for corporate and government entities.
ABI is developing a comprehensive suite of products using proprietary subcutaneous palm identification, image processing, and one-to-many identification server technologies that address many of today's security challenges in a robust and cost- effective manner. For more information, see www.apogeebiometrics.com.
"We felt that Security First's vision and the timing of their business plan was perfect in today's market place. We sought out a forward thinking company that would allow us to realize our true potential and we are extremely excited about the future," said Bob Papke, Apogee's COO.
"We investigated several different companies and their respective technologies in the biometrics field before we became focused on Apogee," stated Rod McClain, chairman and CEO of Security First. "We based our decision on the importance of Apogee's technology in today's new environment and the incredible upside potential that we believe their product line affords the company."
Security First is executing an aggressive consolidation (roll-up) business model in the homeland defense space. The company is engaged in definitive negotiations with several additional acquisition candidates. The company is focusing on three specific business divisions; energy security; homeland security, and agro terrorism.
