SAN DIEGO, Dec. 22, 2009 (GLOBE NEWSWIRE) -- ImageWare Systems, Inc. (Pink Sheets:IWSY) announced today that it has received two new orders totaling approximately $1.4 million. The first is an order for $1.0 million for software and services under the previously announced border project. The company is expecting an additional order under the same project of approximately $240,000 in the next week.
The second order is for $437,000 for software and services for the U.S. Department of Veterans Affairs (VA). The VA first purchased an ImageWare HSPD-12 compliant ID system in late 2007. This order will provide for continued support services and for additional licenses to accommodate the expansion of the system.
The Company also disclosed that its Auditors are currently fully engaged and working with the company to bring all of its filings current with a goal of completing that task in January of 2010.
About ImageWare Systems, Inc.
ImageWare Systems, Inc. is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement 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. ImageWare is headquartered in San Diego, with offices in Portland, OR, 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.