SOURCE: Dynamic Biometric Systems, Inc.

December 16, 2008 18:18 ET

Dynamic Biometric Systems, Inc. Announces Exclusive Value Added Reseller for Distance Learning Channel

PHOENIX, AZ--(Marketwire - December 16, 2008) - Dynamic Biometric Systems, Inc. (PINKSHEETS: DYBO), a Nevada corporation (the "Company"), announced today that it has entered into an exclusive distributor agreement with ArcWare Solutions, LLC to market a series of student authentication products based on the unique advantages of its Bio-Pen hardware and related software systems. ArcWare Solutions, together with their reseller FL-EX Holdings, Inc., will comprise a highly focused Value-Added Reseller (VAR) extension to the Company to develop the distance learning channel, and to provide frontline sales and support specific to the distance learning channel.

The Company entered into this agreement in response to President Bush signing HR 4137 ("Higher Education Opportunity Act") into law in August 2008. This law was immediately effective. HR 4137 addresses efficiency and disclosure in education and requires institutions of higher learning that provide online courses ("distance learning") to fulfill the requirement in HR 4137, Part H - Program Integrity (pg 248). The law requires "... an institution that offers distance education or correspondence education to have processes through which the institution establishes that the student who registers in a distance education or correspondence education course or program is the same student who participates in and completes the program and receives the academic credit."

Steve Cooper, a former CEO & President of a for-profit university and current CEO of FL-EX Holdings, Inc. said, "Higher education technology officers need a cost-effective solution which leverages the latest in identity technologies to ensure the academic integrity of their programs. We are proud to work with ArcWare Solutions to introduce this viable solution to education space." Greg Dutton, Managing Partner of ArcWare Solutions, LLC, a Chandler, Arizona based company, added, "Steve Cooper and FL-EX Holdings bring to the table a unique set of experience with, and a network of relationships in, the distance learning arena. Our joint support for this channel is a winning combination for the learning institutions that adopt DynaSig's technology to comply with the new Higher Education Opportunity Act."

For more information on Bio-Pen's educational application, please visit www.studentpen.com.

About DBSI

The Company currently trades on the Pink Sheets under the symbol DYBO.PK. Information on the Company including current financial information is available on the Company's web site www.dynasig.com. Since 2003, the Company has developed the "Bio-Pen," a patented biometric pen and security token hardware (U.S. Patent No. 7,433,499) combined with the Dynamic Signature software, together the "DynaSig System," and Private Lock Infrastructure concept (patents pending) to provide a flexible biometric authentication methodology. This highly sophisticated system captures the unique act of signing rather than the signature image. The Company has developed multiple solutions including full electronic authentication combined with actual signature capture for both on-line and off-line applications. DynaSig software: Log Book, PDF Sign and Lock Box are used for access control and electronic document management. These applications work individually or as a suite with different features including verification of sender and recipient, access and document execution by multiple verified signers, content validation, and a permanent logbook of access. The Company's office is located at 14647 S. 50th Street, Suite 130, Phoenix, AZ 85044 and its phone number is (480) 705-9110.

Forward-Looking Statements. Certain matters discussed within this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company's ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new business and limited capital. Further factors affecting future performance are detailed in the Company's 10-K and 10-Q on file with the SEC and in the Company's unaudited but detailed financial information on its website. Due to changes in auditors, the Company has allowed is SEC filings to go delinquent but expects to cure such delinquency in the next several months.

Contact Information

  • FOR MORE INFORMATION CONTACT:
    Michael S. Williams
    Chairman of the Board
    480-759-9400, x100