SOUTH BURLINGTON, Vt., Aug. 13 /PRNewswire-FirstCall/ -- delSECUR CORPORATION, a Nevada corporation, (Pink Sheets: DLSC) announced today that its Board of Directors has accepted the majority Consent vote of over 60% of its shareholders in favour of the agreement to purchase the Intellectual Property Assets of delSECUR CORPORATION which was announced on August 4th. The consideration for such purchase is in the form of a 49% interest in the shares of common stock of Q Tech Systems, Inc., an Ontario, Canada, corporation.
The primary asset acquired by Q Tech was the del-ID technology and its patents, a device and system of authenticating individuals through biometric means invented by Pierre de Lanauze, the former President & CEO of delSECUR CORPORATION. Q Tech, which also develops and markets technologies to enhance security and identification processes, plans to incorporate the del-ID technology with its proprietary technology. Q Tech will be immediately focusing on the invention of Pierre de Lanauze's analog technology. "We at Q Tech are excited about the prospects of the del-Id technology. Along with our technology and the del-Id patent designs you can bet we will be quickly at work with our technicians to produce a 'functional prototype,'" said Q Tech's President & CEO, John Johnston.
delSECUR, a public company (Pink Sheets: DLSC) with its head office in S. Burlington, VT., is a technology development company of a unique authentication process based on abstract images of biological data collected from the fingers of living persons.
This Press Release may contain forward-looking statements. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and other similar statements. Statements that are not historical facts, including statements relating to anticipated future earnings, margins, and other operating results, future growth, construction plans and anticipated capacities, production schedules and entry into expanded markets are forward-looking statements. Such forward-looking statements, based upon the current beliefs and expectations of our management, are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements and are subject to the risks normally associated with the completion of a corporate transaction. The information set forth herein should be read in light of such risks. We assume no obligation to update the information contained in this press release, except as required under applicable law.
delSECUR CORPORATION
CONTACT: Randall McCormick of delSECUR CORPORATION, +1-514-651-6610
