SOURCE: The Evermedia Group, Inc.

August 06, 2009 08:00 ET

The Evermedia Group Anticipates Robust Business Activity in FY 2010

NEW YORK, NY--(Marketwire - August 6, 2009) - Evermedia Biometrics Corporation, a wholly owned subsidiary of The Evermedia Group, Inc. (PINKSHEETS: EVRM), joined teaming partners this week to discuss recently submitted bids and future business opportunities for the balance of the current year and fiscal year 2010. Collectively, Evermedia Biometrics and its teaming partners have presented bids to perform over $15 million in services, and if awarded, could begin work as early as the fourth quarter of 2009. As bids are currently pending, details relating to any potential contracts will not be announced until agreements and task orders have been formalized. Evermedia's management and its teaming partners have stated a high level of confidence in their pursuit of future awards.

In addition to the already submitted bids, the company and partners are currently preparing proposals to bid on several projects funded by the American Reinvestment Act. "Several states and municipalities have already identified projects within their jurisdiction to invest in infrastructure, explore enhanced security protocols for ID and medical record management and deploy next generation IT solutions in sectors such as banking and transportation," said Jonathan Sym, CEO of the Evermedia Group. "We have an outstanding group of hard chargers and have worked very diligently this year to identify winnable contracts and have forged several teaming agreements with top companies to expand our resources and capabilities. I look forward to updating our shareholders frequently with updates and progress as they unfold."

Evermedia has also entered into discussions with several highly specialized companies to expand their investment portfolio in related technologies and non-core assets as a means to diversify its holdings. Technology integration, intellectual property, consumer non-durables and some specialized retail sectors are the primary areas of interest. "Several industries have been depressed since the last quarter of 2008 and many are still struggling to sustain meaningful valuations. However, we are seeing some attractive investment opportunities and with the recent rise in our own market capitalization, we are exploring growth through acquisition as another avenue to increase shareholder value," Sym added.

About Evermedia Biometrics

Evermedia Biometrics Corporation, a wholly owned subsidiary of The Evermedia Group, Inc., develops iris recognition applications using proprietary and patented technologies for the purpose of creating physical and logical access control solutions to service the ID management and security concerns of commercial and government enterprises.

Safe Harbor Statement

Certain Statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.

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