KENNEWICK, Wash., March 12, 2004 (PRIMEZONE) -- Electronic Identification Inc. (OTCBB:EIDT) has changed its name to Manakoa Services Corporation (Manakoa) as of today. In addition, the company will apply for a new ticker symbol and seek to trade on the Over-The-Counter Bulletin Board.
Brad Partridge, Chief Executive Officer of Manakoa, said, "This is an important milestone in the company's corporate development and identity. It lays the groundwork for our expansion in the software arena. Manakoa will shortly be launching a suite of innovative software products that we believe will transform the way companies manage their regulatory compliance responsibilities and risk assessments. In the wake of legislation such as Gramm Leach Bliley Act, HIPAA, and Sarbanes-Oxley, companies are searching for cost-effective means to reach their compliance goals. Manakoa is developing unique enterprise management software that provides a unified, end-to-end solution for non-profit, educational and corporate organizations alike.
"Since many companies are under- or unprepared and potentially non-compliant with federal legislation, Manakoa is striving to assist in lessening the burden to risk managers, compliance officers and human resource personnel. This is done through a thorough risk assessment and on-going steps of monitoring and enforcement."
About Manakoa
Manakoa (www.Manakoa.com) is an independent software vendor and professional consulting services company addressing the multi-billion dollar IT security, IT compliance, and regulatory compliance marketplace for enterprise customers. Manakoa's security and compliance solutions suite offers advanced automation software and pre-configured scalable platforms designed to control business and IT policies, implement and enforce mandated compliance initiatives, and provide dynamic views for monitoring and administration based on the role and permissions of user and department. This groundbreaking software platform transforms high cost security and compliance consulting engagements into automated, consistent, and cost-effective technology. Manakoa's software platform can greatly reduce consulting hours and time-to-compliance through sustainable, repeatable technology.
Manakoa's flagship product, Compliance WorkCenter (tm), is being previewed by Fortune 500 companies due to its unique approach of providing a pre-configured platform, with templates, department by department, for analyzing compliance with United States regulations such as the Gramm Leach Bliley Act, Sarbanes Oxley, the USA Patriot Act, and HIPPA. Manakoa's full product suite, which will include Compliance Enforcer(tm) by Manakoa and Compliance Monitor(tm) by Manakoa, will provide a scalable, cost-effective total compliance solution, which can be easily utilized in concert with a company's existing IT. The product suite is unique in its comprehensive approach to the full scope of compliance and risk management assessment, remediation, policy enforcement, and monitoring.
Enterprise customers wishing to learn more, preview upcoming product releases or engage Manakoa for compliance and security audits and scope enforcement needs should contact Ed Nichols, VP Business Development, in our Boulder, Colorado office, phone (303) 448-8964 and by email at Enichols@Manakoa.com
About The Investor Relations Group
The Investor Relations Group, Inc. (http://www.investorrelationsgroup.com), founded in 1996, represents select publicly traded companies and has a unique specialization in assisting small-cap clients. IRG arranges one-on-one meetings for its portfolio companies with pre-qualified fund managers who have a history of investing in small-cap stocks. IRG is a full-service corporate communications company providing press release and shareholder communications writing and serving as the primary contact for the investment community on behalf of its portfolio companies. IRG also houses a full-service public relations arm that specializes in building awareness within the financial and trade media, as well as the public at large.
SAFE HARBOR STATEMENT
Under the Private Securities Litigation Reform Act-with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the Company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. The Company does not assume, and expressly disclaims, any obligation to update these forward-looking statements.