SOURCE: id-Confirm

February 27, 2007 16:57 ET

A Letter From the CEO of id-Confirm, Inc.

DENVER, CO -- (MARKET WIRE) -- February 27, 2007 -- The following is a letter from David A. Grasch, CEO of id-Confirm, Inc. (OTCBB: IDCO)

Dear Fellow Stakeholder:

id-Confirm is embarking upon our fourth year of operations and I want to take this opportunity to discuss the company's current situation and outline our plans for success.

Since joining the company in a leadership role in late 2006, I have had an opportunity to review our recent history and determine what I believe to be the best strategy to move the company forward in a sustainable manner. Network authentication and biometrics are increasingly evident in corporate planning and budgets in a significant way, which substantiates our core focus.

As many of you know from recent public announcements, one of our Founders and previous CEO/CTO, Rob Morrison, has decided to leave the company and pursue other outside interests. I cannot thank Rob enough for his efforts in developing a very simple, yet elegant mobile biometric authentication solution that has become the cornerstone of our current portfolio. I am quite pleased with the continued positive reviews of our service offerings. However, it is critically important at this point in our company's history that we now focus on generating sustainable revenue and controlling overall costs.

Specific to our needs to generate revenue, I brought Robert Speth into the organization as our V.P. of Business Development. His primary responsibilities include developing sales channels and vertical market solutions. To date, we have been able to add numerous opportunities into our overall sales funnel. Additionally, Robert continues to review our solutions with established, capable partners and value added resellers (VAR). We expect this approach to lead to a much quicker adoption of our solutions as these organizations can present our increased capabilities to their established base of clients.

In conclusion, I remain positive about the company's prospects. This is largely driven by the continued, positive reaction we have received from some of the best-known enterprises in the world, as well as other public and private leaders with whom we have been fortunate to discuss our biometric network authentication solutions. We are aggressively addressing our debt situation and hope to have this resolved within a relatively short period of time. And most importantly, we remain cost-conscious in our daily activities. Except for the requisite resources to support our product development and operational capabilities, all other resources of the company are focused on generating sustainable revenue. I believe each of these activities yields the best course of action for the company. Our new leadership team has a track record of success and we intend to keep that record in tact.

Sincerely,
David A. Grasch
Chief Executive Officer
id-Confirm, Inc. (OTCBB: IDCO) is a publicly traded, Denver-based company that developed Securelink, a mobile biometric network authentication solution for enterprises, governments, and identity management partners. id-Confirm provides the industry's only end-to-end solution for identity verification that was designed with individual privacy rights in mind. The system encompasses all the hardware and software needed for immediate deployment of a complete mobile biometric network authentication platform. Additional information can be found at http://www.id-confirm.com/.

Contact Information

  • Contact:
    id-Confirm, Inc.
    1800 Boulder St.
    Denver, CO 80211
    303-458-5727