SAN ANTONIO, Jan. 27, 2005 (PRIMEZONE) -- FaceKey Corporation (Pink Sheets:FEKY), a biometric security systems provider, announces that the Company has launched a fingerprint-based Time and Attendance System. The biometric system is designed to significantly reduce or eliminate clocking in/out errors as well as prevent employee fraud experienced by many companies, in turn reducing time required to reconcile time cards and paycheck errors.
According to FaceKey COO, Annette H. Starkweather, "FaceKey's Time and Attendance system allows companies to increase profitability by greatly decreasing paycheck errors and preventing employee fraud, which costs organizations an average of 6% of its annual revenues according to the Association of Certified Fraud Examiners (ACFE). The Time and Attendance System will eliminate 'buddy punching' and 'ghost' employees which are the two most common types of employee fraud."
The Time and Attendance System is able to mix any variation of biometric and non-biometric identification methods such as fingerprint recognition coupled with a slide card or keypad. The system is also available in non-biometric models such as readers for proximity cards, swipe cards, or keypads. In addition, readers, each system can serve as a one station standalone Time & Attendance unit or can be networked to accommodate multiple sites.
About FaceKey Corporation:
FaceKey Corp., headquartered in San Antonio, TX, is a biometrics technology provider whose mission is to provide supreme security measures for their customers by utilizing patented and proprietary biometric technologies that identify and allow access to authorized personnel. FaceKey's technology combines face and fingerprint recognition providing the highest level of security available, reducing fraud and providing better accountability. By combining these identification technologies, FaceKey's products are used for a wide variety of applications ranging from securing corporations' confidential areas and PC access to effectively monitoring time and attendance greatly reducing employee fraud.
For more information about the company please visit www.facekey.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing, and evaluation of products, and other risks detailed from time to time in the Company's filing with the Securities and Exchange Commission.