FOR IMMEDIATE RELEASE

VERITEC ACCEPTS INVITATION TO PARTICIPATE IN THE U.S. – RUSSIA HOMELAND SECURITY TRADE MISSION

GOLDEN VALLEY, MINNESOTA, DECEMBER 29, 2004 - VERITEC, INC. - (NASDAQ- VRTC)

FOR IMMEDIATE RELEASE

Golden Valley, MN-December 29, 2004 - Veritec has been invited to participate in the Homeland Security Trade Mission and the Security and Safety Technologies Forum in Moscow. Russia on February 1st thru 4th, 2005. The U.S. Delegation will be headed by Congressman Curt Weldon, (R. PA), Vice Chairman of the House Armed Services Committee and Founder of the Congressional Homeland Security Caucus. Veritec Inc. will be at the U.S. Pavilion to demonstrate its patented 2-D matrix coding technology with a focus on Biometric IDs within security and verification applications. This is the first U.S. Country Pavilion to be held at this Forum.
About Veritec
Veritec Inc. is the pioneer and patent holder of two-dimensional (2D) matrix coding technology. The company is engaged in developing, marketing, and selling encoding (writing) and decoding (reading) software and system products that utilize its patented VeriCode® and VSCode® symbology. The Veritec codes allow end-users to produce and interpret secure coded data for identification, and verification purposes. The technology is applicable in nearly all environments that require security, tracking and identify people and live stock as well as products and services from design and manufacturing to shipping and delivery. Veritec developed VeriCode®, a 2D matrix symbology, during the late 80’s, which was endorsed by NASA as the code of choice for their vendors. The VeriCode® Symbol is a small, checkerboard-like matrix and has the highest data density. In 2003 Veritec developed and patented a new two-dimensional code, the VSCode®. Veritec's engineers increased the data capacity within the code allowing over 4,000 Bytes of information. Because of its high data capacity, VSCode® can be used as a secure container as well as a portable database. This portable data storage is ideal for storing text data along with biometric information such as fingerprint, face, hand or skin. The data stored within the VSCode® can be instantly obtain yet securely stored with a biometric key.

Statements in this press release that are not statements of historical or current fact 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 unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes”, “belief”, “intends”, “anticipates”, or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s reports and registration statements filed with the Securities and Exchange Commission.
 

 
(Back to Top)