SOURCE: BioPassword

June 14, 2006 08:00 ET

BioPassword Expands Management Team to Answer Demand for Only Multifactor Authentication Solution Based on Keystroke Dynamics

Appoints John Przelenski as Vice President, Strategic Accounts to Drive Large Scale Customer and OEM Deployments

SEATTLE, WA -- (MARKET WIRE) -- June 14, 2006 -- BioPassword, Inc., the only software company providing secure authentication and anti-fraud solutions based on the behavioral biometric of keystroke dynamics, today announced the BioPassword management team addition of John Przelenski as vice president, strategic accounts. The addition of Przelenski to the management team will help meet increasing product demand and oversee strategic BioPassword accounts and all technology relationships.

With a proven track record of global account leadership at enterprise companies, Przelenski will work with customers to understand their short- and long-term strategic business needs, and identify and develop solutions that best address them. Przelenski will focus on generating sales and OEM relationships to expand business development and answer to the demand for multifactor authentication solutions.

"Hiring the best of the best to expand our team for the new phase of growth, BioPassword continues to gain momentum as we strive to meet the market need for new anti-fraud solutions," said Mark Upson, President and CEO of BioPassword. "John's expertise will help guide the execution of delivering secure and cost-effective multifactor authentication solutions to all our global relationships."

"With the recent launch of the BioPassword Internet Edition I look forward to the tremendous opportunity to work with global customers looking for multifactor authentication solutions," said Przelenski. "The company's technology is setting the standard for a cost-effective, software-only technology that meets the growing demand for authentication and anti-fraud solutions that don't impact the end-user log-on experience."

Przelenski arrives at BioPassword with more than 20 years of prior experience in the information technology industry. Most recently, he co-founded J2 Market where he co-developed "Market Fast Track," providing marketing management services and field proven deliverables for clients to jumpstart their business development and marketing. He has demonstrated his strong leadership skills in executive management, sales, marketing, product management, alliances, business development and operational roles with companies such as IBM, Oracle, ConneXt, Server Technologies Group, and Powerit Solutions. From Fortune 500 to startup environments, Przelenski has proven to be successful delivering organizational goals and objectives into high performance results. John holds a Masters in Business Administration and Bachelor of Science, Management from Pepperdine University.

About BioPassword

BioPassword, Inc. (www.biopassword.com), located in Issaquah, Washington, leads the market in delivering enterprise security software solutions for multifactor authentication and reducing fraud using the biometric science of keystroke dynamics. By creating a biometric template from user logon credentials in combination with a high-performance behavioral biometric processing engine, the device-independent authentication software is fast, accurate, transparent, scalable to millions of users and immediately deployable across the organization and the Internet without the need for expensive tokens, cards or other specialized hardware. Using BioPassword to monitor and authenticate users, organizations can quickly and cost-effectively implement secure access, comply with regulatory requirements, and reduce the risks of fraud. For more information on BioPassword please contact us at (425) 649-1100 or http://www.biopassword.com/companycontactus.php.

BioPassword® is a registered trademark of BioPassword, Inc. All other trademarks and registered trademarks are the property of their respective owners.

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