SOURCE: Hawk Systems Inc.

Hawk Systems Inc.

November 29, 2010 10:15 ET

Hawk Systems Releases Auto Pass 2.0

BOCA RATON, FL--(Marketwire - November 29, 2010) - HAWK SYSTEMS, INC. (PINKSHEETS: HWSY), designer, developer of biometric products and systems, today announced the release of Auto Pass 2.0 -- a unique fingerprint security product that prevents auto theft before it happens. Shipments are expected to begin in late January.

Hawk Founder and Director David Coriaty said that version 2.0 has been developed after significant consultation with service managers across the United States and represent "A major step forward" in theft prevention and inventory management for auto dealerships and for their customers.

The new product, manufactured by Coconut Creek, Florida-based Zurvahn LLC, installs in half the time, and can store and track as many as 100 users. It offers dealerships real time inventory and fleet management, as well as provides consumers with a unique, fun and affordable security product.

Based upon patented Hawk technology, AUTO PASS permits the operation of a car only by an authorized person. Drivers simply use their fingerprint to gain entry to the vehicle and turn on the engine. The car will not start unless it is started by an authorized person.

Coriaty said that the product has "huge interest" from dealerships and that he expects to announce a series of key orders "in the very near future."

This press release contains certain forward-looking statements. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in the company's 10Q and 10K filings with the SEC, and include, but are not limited to, market acceptance of Hawk's planned products and their level of sales, access to the capital necessary to finance and grow the business, a highly competitive environment in the biometric security field that includes numerous large and well established companies much larger than ours, and our ability successfully to deploy our technologies and products to meet the technical demands and market requirements of our customers. Please understand that Hawk Systems does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Company Contact:
    David Coriaty
    (561) 308-7422

    Agency Contact:
    Ira Weingarten
    Equity Communications
    (805) 897-1880