SOURCE: Precise Biometrics AB

October 24, 2007 03:03 ET

Precise Biometrics AB (publ), Corporate Identity No. 556545-6596: Interim report for January - September 2007

LUND, SWEDEN--(Marketwire - October 24, 2007) -

  * The group's net sales for the interim period amounted to SEK 16.7
    million (36.3), and for the third quarter to SEK 5.4 million

  * Losses for the interim period amounted to SEK -25.5 million
    (-30.7), and for the third quarter SEK -7.4 million (-12.0).

  * Result per share for the period amounted to SEK -0.26 (-0.42),
    and for the third quarter SEK -0.07 (-0.16).

  * Liquid assets at the end of the period amounted to SEK 37.3
    million (14.3).

  * Precise Biometrics has established a subsidiary in Hong Kong. The
    objective is to reinforce the position of the group on the Asian
    market and to actively increase participation in future biometric
    projects. It also reinforces our presence and cooperation with
    the partly-owned company Smart Unicorn Solutions Ltd.

  * Within the framework for the incentive program decided at the
    annual general meeting, employees in Precise Biometrics have
    acquired a total of 2,355,000 warrants. This has raised the
    equivalent of SEK 306 thousand.

Significant event after the quarter

  * The company has field for liquidation of their subsidiary Loqware
    Sweden AB. There is, at present, no activity in Loqware and the
    liquidation has no financial consequences for the Group.

For further information, please contact
Thomas Marschall, President and CEO, Precise Biometrics AB
Telephone +46 46 31 11 10 or +46 734 35 11 10

Precise Biometrics AB is an innovative company offering solutions for fingerprint recognition to prove people's identities. With top-of-the-line expertise in fingerprint verification, Precise Biometrics offers fast, accurate and secure authentication of a person. Our core product Precise BioMatch™ integrates into systems for access control to buildings, computers and networks as well as ID card programs, passports and secure chips. We act on a global market and our technology is deployed in large-scale projects all over the world. The Precise Biometrics group has subsidiaries in Sweden (with group headquarters in Lund), Great Britain, Hong Kong and USA, and a joint venture agreement in China. Precise Biometrics is listed on the small cap list at the Nordic Exchange in Sweden (symbol:PREC).

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The full report with tables can be downloaded from the following link:

Interim report for January - September 2007 --

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