VANCOUVER, British Columbia, April 11, 2005 (PRIMEZONE) -- Imagis Technologies Inc. ("Imagis") (OTCBB:IMTIF) (TSX-V:WSI) (DE:IGYA) announced today that Mr. Rick Peterson has joined Imagis as Vice-President, Capital Markets.
Mr. Peterson will be responsible for Imagis' capital markets strategy and relationships with our investment banking partners, as well as institutional and individual shareholders worldwide.
Over the past 16 years, Mr. Peterson has held senior sales and executive positions in corporate finance, institutional sales and individual wealth management with leading national investment dealers, including Merrill Lynch Canada and its predecessor firm Midland Walwyn Capital Inc., Yorkton Securities and HSBC Securities (Canada) Inc.
Mr. Peterson has been granted 100,000 common share purchase options at an exercise price of $0.39 with an expiry date of April 11, 2007. One third of these options will vest immediately, one third will vest after one year from the date of grant, and the final third will vest two years after the date of grant.
"We are very pleased to have Mr. Peterson join our team," said Roy Trivett, President and CEO of Imagis. "His wealth of experience and strong reputation within the investment community will be a tremendous asset in helping Imagis communicate with capital markets."
About Imagis Technologies Inc.
Based in Vancouver, British Columbia, Imagis specializes in developing and marketing software products that enable integrated access to applications and databases. The company also develops solutions that automate law enforcement procedures and evidence handling. These solutions often incorporate Imagis' proprietary facial recognition algorithms and tools. Using industry standard "Web Services," Imagis delivers a secure and economical approach to true, real-time application interoperability. The corresponding product suite is referred to as the Briyante Integration Environment (BIE).
Numerous production deployments of BIE have demonstrated remarkable reductions in the time, complexity, and risk associated with defining, implementing, and supporting integrated access to physically and technologically disparate computers. The broad ranging applicability of BIE into a variety of areas (e.g., health care, financial services, government services, telecommunications, etc.) has been clearly demonstrated by recent, highly-successful deployments in the United States and Canada. Imagis booking and facial recognition systems are deployed in Canada, the United Kingdom, United States, Mexico and the Far East.
Imagis is a Microsoft Certified Partner.
For information about Imagis or the company's products and services, please refer to www.imagistechnologies.com.
ON BEHALF OF THE BOARD OF DIRECTORS "Roy Trivett" President and CEO, Imagis Technologies Inc.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements: This press release may contain statements that constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include the risks and uncertainties described in Imagis Technologies Inc.'s Form 10-KSB filed with the United States Securities and Exchange Commission. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.