SOURCE: Veritec, Inc.

September 13, 2010 07:00 ET

Veritec Awarded New Patents From Japan

GOLDEN VALLEY, MN--(Marketwire - September 13, 2010) -  Veritec, Inc. (PINKSHEETS: VRTC) today announced that it has been awarded a patent from Japan. The patent addresses the need for reading 2-D codes on reflective surfaces such as those found in the LCD manufacturing market. Japanese Patent No.: 4547578, METHODS FOR READING A SYMBOL HAVING ENCODED INFORMATION.

Van Thuy Tran, CEO of Veritec Inc., states, "The new Japanese patent is an important addition to the other Intellectual Property held by Veritec. Veritec places great priority in protecting our businesses by providing the best technology to our customers. The fast growing LCD market primarily uses the Veritec 2-D VeriCode® for manufacturing automation and the new patent is an additional feature that adds value for our customers. We will continue to build the best products in the 2-D Code markets, which are currently growing quickly based on the need for low cost data that identifies and verifies products."

Founded in 1982, Veritec offers a patented line of encoding and decoding software products that utilize the 2-D Matrix Symbology, which allows users to create, apply, store, or transmit unique identifiers directly on the products or to an electronic device in the form of a coded matrix symbol, which enables automated manufacturing control, as well as identification, tracking, and collection of data via cameras, mobile phones, readers and scanners. The collected data can then be stored in the 2-D barcode available for contemporaneous verification or other user-definable purposes. Veritec's 2-D Matrix Symbology, the VeriCode® and VSCodes®, with its incredible robustness, security features, and large data storage capacity, have proven to be the technology of choice for products tracking, identification, and verification in automated industries. In the Secure Bio-Identification Cards, Veritec's Software System creates cards using biometric markers such as fingerprints or pictures. In the Financial cards, Veritec's Mobile Banking Software Platform manages and processes Stored-Value Debit or Credit cards. In the Mobile Phone industry, Veritec has patented the "PhoneCodes©" products using a 2-D barcode, that facilitate the purchase, send, or receive a gift certificate, ticket, coupon, receipt or transfer money using the Internet or mobile phones.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason unless otherwise required to do so by SEC Regulations.

Further details about Veritec's technologies and its multiple applications can be found on Veritec, Inc.'s website at;;

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