Facekey Corporation Announces a New Capitalization Structure |
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FaceKey Corp.
900 N.E. Loop 410, D401
San Antonio, TX, 78209
USA
Press release date: September 11, 2009
SAN ANTONIO, TEXAS - September 11, 2009: FACEKEY CORPORATION (FAKC.PK), an emerging provider and marketer of Biometric Identification products and services, announces today that it has received required votes to implement a 400 to 1 reverse split.
The Board of Directors, and the Company's key management team, feels that this is a necessary step in order to better control the Company's capitalization structure. The Company will begin trading under the symbol of FAKC with a new CUSIP number 30303w209.
Yevgeny B. Levitov, CEO and President of FaceKey Corporation, stated, "Our ultimate goal, and long-term objective, is to better insure our shareholders' equity. We are taking the necessary steps in order to do that. These last several months have been a significant growth period for the company. Going forward, FaceKey is positioning itself to take advantage of the increasing acceptance of biometric products as organizations dealing with difficult economic conditions turn to technology for help in managing their operations and protecting their assets.
FACEKEY CORPORATION capitalizes on the explosive biometric identification products and services sector which provides accurate and cost effective products to assist customers to reduce costs and guard their assets, a market that is projected to reach nearly $11 billion annually in less than ten years.
For More Information Visit the Company's Website: www.facekey.com.
Contact:
Annette H. Starkweather
210-826-8811
general@facekey.com
386-218-5929
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