Gold X Mining Corp. (fka GLDXF)

[Renee]

SSP Solutions Inc. changed to Sandspring Resources Ltd.:

http://otce.finra.org/DLSymbolNameChanges

[internet]

re SFLK CC...Did anyone else listen to yesterdays SFLK CC? It's amazing how reading the Yahoo thread and actually listening to the CC can be literally like day and night. Personally, I was encouraged by what I heard....I bought some more this afternoon....but heck...I also bought some more WAVX also...so what do I know?? )))))))))))))))

Sincerely,

Jas

[cmf]

Thanx Jas,

I'm seriously thinking about picking some up here. Been a while since we were this low and now we have that MSFT deal in out pockets. Seems too easy, so I'm scared - LOL!!

Take care.

[internet]

Hi Paul....I reckon that Yaya needs to change the title of this thread...which ofcourse should be changed to SFLK. Regarding todays sell off...not sure what to make of it...I know that they are going to report on Thursday...so is this some sort of positioning prior to the CC?? All I can say is that I bought some additional shares in the 2.50s today...FWIW

Sincerely,

Jas

[cmf]

Any thoughts on the post-merger selloff???

Testing $2.50 right now. I didn't see any news to warrant this.

TIA.

[cmf]

Jas - is this the SFLK board now??

Or are you going to create a SFLK board??

Thx.

[cmf]

Hi GreenWavx,

I was also in the camp for having SSP go it alone. But my opinion has changed since SFLK landed that deal with MSFT.

Worst case is I believe we are going to have a stellar second half of the year. I also believe we are a buyout target and I'm quite certain the MSFT news has placed us on alot more radar screens.

The fun over here makes up for the lack thereof with wavx - LOL!!

[GreenWavx]

internet
Thanks. I too feel this is positive for SSPX.
I would have liked to see them go it alone. I had faith they would be able to make it solo. But, probably best in the long run.

[internet]

Greenwavx...re merger....I think that the combination of these two companies allows the marketplace a one stop shop for an important component of their security needs....a smartcard with biometrics ....all from the SAME company. This ckombination will be very important over the next year or two...especially after the 911 commission recs. regarding the IMPORTANCE of biometrics.


Sincerely,

Jas

[GreenWavx]

Internet, Received my stockholders package today. Have not had time to look at it. Whats your current position on the merger?

[internet]

re Shareholder meeting...is anyone going to attend either the SFLK or SSPX shareholder meeting on Aug 5th?? If I get time....I'll try to go to the SSPX meeting...

Sincerely,

Jas

[cmf]

Spread update:

Current SFLK = $3.31 * .6 = 1.99 SSP exchange rate price, less my discount dime, means we should be at 1.89. yet we're at $1.65. So the spread has widened.

FYI and FWIW

[cmf]

Man!! That news is being sold!!

I'm holdin what I have FWIW and looking to add more.

[IAMSAM]

"The pre-market spread is way out of sync."

Yep! Exchanged a few SFLK for SSPX early on.

MSFT ... agreed, very impressive.

[cmf]

SAM,

The pre-market spread is way out of sync. If it stays that way I'll add another 10k shares on this news.

Absolutely monster news for SFLK/SSP!!!

[cmf]

See you guys in Vegas!!!!!

[IAMSAM]

T, looks for real ... short covering now beginning.

Are they still buying SSPX as a hedge? Big spread on the .60.

[TonyMcFadden]

SAM, nice pre-market activity on that...

http://quotes.nasdaq.com/quote.dll?symbol=SFLK&selected=SFLK&mode=frameset&page=afterhou...

[IAMSAM]

Microsoft and SAFLINK Join Forces for Homeland Security; Companies Team to Deliver Solutions Targeting Homeland Security Programs

[SSPX pps = SFLK X .60]

Business Wire - July 07, 2004 08:01

BELLEVUE, Wash., Jul 7, 2004 (BUSINESS WIRE) -- SAFLINK(R) Corporation (Nasdaq:SFLK), a leading developer, marketer, and integrator of biometric security solutions, and Microsoft(R) Corporation (NASDAQ: MSFT), announced today that they have formed a strategic partnership to deliver highly scalable, highly secure solutions to critical infrastructure Homeland Security programs.

"SAFLINK has established itself as a market leader in biometric and security management solutions for Homeland Security. SAFLINK's implementation extends the capabilities of the government deployed platform in a manner that should allow supportable mission benefits that work with the National Strategy for Homeland Security," said Mark Belk, Microsoft Homeland Security Chief Architect. "We're excited about the combination of Microsoft's enterprise applications with SAFLINK's biometric security products. Together, we provide a compelling solution for Homeland Security programs involving biometrics, smart cards, tamper-proof identities, and physical security controls."

SAFLINK and Microsoft are developing repeatable enterprise solutions targeted to border control and identity management projects by leveraging their combined strengths in biometric technologies and enterprise application software. Based on Microsoft enterprise software, these solutions are designed to help the Department of Homeland Security, along with the other government agencies and private enterprises it impacts, to increase security and operational efficiency, improve service to citizens, and reduce costs.

"We are pleased to partner with Microsoft in our Homeland Security efforts," said Greg Jensen, Chief Technology Officer of SAFLINK. "We believe that Microsoft's .NET platform, coupled with the power of policy management, storage, and auditing provided by Active Directory and SQL Server will meet the scalability and security requirements we must deliver into these large-scale critical infrastructure solutions."

Jensen said that recent initiatives in the public sector have highlighted the fact that biometric security is being deployed to an increasing number of federal government agencies. SAFLINK has played a role in several major current projects, including the US Department of State BLADE program, the US Department of Homeland Security's US-VISIT program, and the Department of Defense's Common Access Card Program. The company is currently pursuing several large upcoming initiatives, including the Transportation Security Administration's Transportation Worker's Identification Credential (TWIC) and Registered Traveler programs. According to Jensen, this new relationship with Microsoft will provide an ideal platform necessary to deliver on the full requirements of these and other programs.

About SAFLINK

SAFLINK Corporation offers software solutions that protect intellectual property, secure information assets, and eliminate passwords. SAFLINK's software provides Identity Assurance Management(TM), allowing administrators to verify the identity of users and control their access to: computer networks; physical facilities; applications; manufacturing process control systems; and time and attendance systems. For more information, please see www.saflink.com or call 800-762-9595.

NOTE: "SAFLINK," "SAFsolution," and "The Power of Biometric Authentication" are registered trademarks of SAFLINK Corporation. "Protecting your enterprise through secure authentication" is a trademark of SAFLINK Corporation.

This release contains information about management's view of the company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with the company's financial condition, its ability to sell its products, its ability to compete with competitors and the growth of the security market, and in its Annual Report on Form 10-K, as well as other documents periodically filed with the Securities and Exchange Commission.

SOURCE: SAFLINK Corporation

SAFLINK Corporation
Thomas Doggett, 800-762-9595
[e-mail]
or
Sterling Communications
Rachel Berry, 253-853-5030 (Press)
[e-mail]
or
for SAFLINK Corporation
Todd Kehrli, 626-395-9500 Investor Relations
[e-mail]

[internet]

Good evening Paul....Nice move on getting in on some SSPX! Personally...I've been accumulating SFLK....I've got a ton of SSPX shares already....(just in case the merger falls through) I think we should start to see some details regarding the recently announced contract with Accenture....and hopefully will see some details regarding the contract win with the Dept. of State (SFLK is a subcontractor to Beaaaring Point who actually won the contract.) I think this sector is going to get red hot over thenext 6-12 months....use this time to position yourself )) Have a safe and TERRIFIC 4th!!!!!!!!

Sincerely,

Jas

[cmf]

Hey Jas,

Got my shares yesterday at $1.34, so far so good.

The spread on ssp vs sflk has widened alot. I believe if the seller causing the gappage stops [wavx??] then we'll see a nice rise on ssp to get back in sync with sflk.

Anyone getting gov't $$ seems to be in play now. My DRS has done very well and now I'm hoping ssp/sflk can match that.

I also have to wonder if there isn't a buyout play here if they pick up a couple more substantial contracts.

Take care, and happy 4th to you!!

[cmf]

Howdy Jas!!

I didn't read it - LOL!! Very busy these days. But the price diff on ssp and sflk caught my eye. I will be scaling into a ssp position sometime in the next month but todays action concerns/excites me short term. We know wavx is short on cash and that may result in better prices on ssp if they have to take their position to market.

Standard disclaimer: I want wavx to take their ssp shares to market to provide a safer/better entry point on ssp.

Hope all is well with you!!

[internet]

CMF/Paul...What did you think of today's PR? The total number was not nearly as important as to WHICH office the products were sold to...IMHO I'm continuing to accumulate SFLK shares in preparation for next year.

Sincerely,

Jas

[cmf]

Given the small PPS rise today

with the larger rise in SFLK, I'm assuming wavx is selling today. We should know in a few days whether that's true or not.

[GreenWavx]

I still think we will see more of this kind of news!!

SSP-Litronic and CoreStreet to Deliver Integrated Security Solutions for Department of Defense
June 16, 2004 10:39:00 AM ET



Government Customers of Both Companies Show Increase in Interest for Interoperable Solutions

SSP Solutions, Inc. SSPX, dba SSP-Litronic, a leading provider of identity and information assurance products and services, and CoreStreet, a leading provider of validation solutions for identity management and access control, today announced a partnership that will deliver highly scalable, secure and cost-effective digital certificate validation solutions to the Department of Defense and other government agencies.

The agreement enables interoperability between SSP-Litronic's NetSign(R) Common Access Card (CAC) product and CoreStreet's Real Time Credential Validation Authority (RTC VA). The integrated solution addresses the growing demand for these products in government agencies such as the Department of Defense. CoreStreet's RTC VA is the first and only distributed Online Certificate Status Protocol (OCSP) responder to meet strict Joint Interoperability Test Command (JITC) compliance. The responder fully complies with the "X.509 Internet Public Key Infrastructure Online Certificate Status Protocol, Request for Comment 2560."

"We look forward to working closely with CoreStreet to deliver an integrated solution that meets the growing government needs for effective validation of digital certificates," said Jim Prohaska, senior vice president of business development, Public Sector for SSP-Litronic. "CoreStreet is the only company to offer a distributed OCSP responder product that meets strict JITC compliance, an appealing aspect for our government customers."

"SSP-Litronic has developed one of the most trusted and well-known names in the industry, and we look forward to working together to offer highly scalable, secure and cost-effective solutions for the Department of Defense and additional government agencies," according to Phil Libin, president of CoreStreet. "A joint offering will provide government agencies with a practical solution for millions of users."

NetSign CAC offers straightforward functionality for managing digital identities and enhancing network security. Personnel with a Common Access Card can digitally sign and encrypt email, securely logon to PCs, applications, and websites, and perform other necessary cryptographic functions. CoreStreet's RTC VA is the industry's most secure, massively scalable and cost-effective OCSP system for validating digital certificates. The RTC VA allows government agencies to offer comprehensive public-key enabled solutions by simplifying the deployment of digital certificates. Together, the combined products will enable the cost-effective validation of digital certificates to tens of millions of users without affecting network bandwidth.

About SSP-Litronic

Founded in 1970, SSP Solutions SSPX, dba SSP-Litronic, is a global provider of secure identity management and information assurance products for the government and commercial markets. By facilitating the deployment, management and use of digital certificates and smart cards, SSP-Litronic's products provide high assurance solutions that help organizations achieve their physical and network security goals. The company's NetSign CAC product is deployed in many organizations of the U.S. Government, including all U.S. Armed Services and various DoD Agencies. For more information, visit www.ssplitronic.com.

About CoreStreet

CoreStreet is the only provider of massively scalable validation products for identity management and access control. With CoreStreet's Real Time Credentials(TM), organizations can control physical and logical access to buildings, computer networks, applications and devices. Real Time Credentials solutions can be deployed anywhere in the world - in connected and disconnected environments - without having to set up costly and vulnerable infrastructure. CoreStreet's products are designed to secure large, mission-critical applications for military, civilian government, financial services and healthcare customers. The company, headquartered in Cambridge, Mass., holds 14 patents with more pending. For more information, visit www.corestreet.com.

SSP-Litronic Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, matters discussed in this news release are forward-looking statements involving a number of risks and uncertainties and may not be achieved due to factors beyond our control, including final integration of CoreStreet's Real Time Credential Validation Authority (RTC VA) with our products, changing regulatory and technological environments, our ability to obtain key components from suppliers, technological difficulties, increased competition, and changing customer demands. Other risks inherent in our business are described in Securities and Exchange Commission filings. SSP Solutions, Inc. undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Contact Information: Media Contacts: CoreStreet, Ltd. Andrew Sinkov, 617-661-3554 x209 [e-mail] or Schwartz Communications Bill Keeler or Lisa Astor, 781-684-0770 [e-mail] or SSP Solutions, Inc., Irvine Press Relations (Editorial), 949-851-1085 [e-mail]

© 2004 BusinessWire

[GreenWavx]

bdooley, This is the kind of NEWS I have been waing for!!
I have a feeling there is more in the pipeline!!

[bdooley]

SSP-Litronic Selected by United States Marine Corps for Enterprise-Wide Smart Card Deployment
Thursday June 10, 9:15 am ET
Previously Announced Contract Win Reflects NetSign(R) CAC Deployment on Non-NMCI Computers


IRVINE, CA--(MARKET WIRE)--Jun 10, 2004 -- In conjunction with yesterday's announcement of a new contract with a major branch of the Armed Services to provide enterprise licenses of its NetSign® CAC middleware, SSP Solutions, Inc. (NasdaqNM:SSPX - News), dba SSP-Litronic, today specified that NetSign CAC will be deployed within the United States Marine Corps (USMC) on all non-NMCI (Navy Marine Corps Intranet) computers. NetSign CAC will provide digital identity management, network security and desktop protection to USMC users. The deployment specifics do not affect the terms or dollar value of the contract, which falls under the Department of Defense's $9 million Enterprise Software Initiative (ESI) contract for CAC middleware. Shipping of the product has already commenced.
About NetSign CAC

NetSign CAC offers straightforward functionality for managing digital identities and enhancing network security. Personnel with a Common Access Card can digitally sign and encrypt email, securely logon to PCs, applications, and websites, and perform other necessary cryptographic functions. The product is designed to globally accepted standards for interoperability.

About SSP-Litronic

Founded in 1970, SSP Solutions (NasdaqNM:SSPX - News), dba SSP-Litronic, is a global provider of secure identity management and information assurance products for the government and commercial markets. By facilitating the deployment, management and use of digital certificates and smart cards, SSP-Litronic's products provide high assurance solutions that help organizations achieve their physical and network security goals. The company's NetSign CAC product is deployed in many organizations of the U.S. Government, including all U.S. Armed Services and various DoD Agencies. For more information, visit www.ssplitronic.com.

[HD28]

test

[HD28]

test

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[internet]

CMF/Paul...re SFLK....Thanks This is an awsome win for this biometric company. I believe that an additional value of this contract is that it will allow SFLK to close other deals.
This contract win was for their biometrics....but don't forget that they can now demonstrate the advantages of SSPX products and could leverage the DHS contract.

Sincerely,

Jas

[cmf]

Congrats Jas!!!!! /e

[cmf]

Hi Jas,

I don't think SKS/Feeney are the yardstick to use when measuring "quality management". In fact, one could make a reasonable argument that the exact opposite is true - LOL!!

Better that he buy 10k than sell 10k. But I still think either is pretty meaningless.

I respect your opinion about the merger. I reckon it's gonna happen whether I like it or not...

I'll keep watching them both.

Take care.

[GreenWavx]

internet, Thanks for sharing your insight and DD.

[internet]

CMF/Paul...re SFLK

1) re Pres/CEO...You're correct...he bought only 10K shares....but he spent his own money. His annual salary is in the neighborhood of 200K. When was the last time SKS or GF bought any shares?
2) re buying in regarding a big contract potential...I agree...I wouldn't go buying on the hope that they will win a portion of that contract...but I WOULD keep an eye on them just in case they are a sub to the major players.
3) SSPX/SFLK merger....Initially, I was against the merger....but as a result of the DD I have done...it has become apparent to me that the future is combininh Smart Card tech with biometrics....and that is what this merger allows.

Sincerely,

Jas

[cmf]

Hi Jas,

If I looked in the right place, the amount of shares the SFLK CEO bought was meaningless.

As for the potential contract awards, I've learned from wavx to steer clear of those until I see e'm in writing.

Maybe if SSP gets a big contract they can nix the deal with SFLK and go it alone. I'd really like to see that!!

Take care.

[internet]

CMF/Paul...re SFLK...Keep your eyes peeled on the sector over the next 7-10 days. The Homeland Security Dept is about to award 15 BILLION dollars worth of contracts...and a great deal of that money is going to go to Smart Cards/Biometrics. One of the teams bidding for this contract is headed by Lockheed Martin and Unysis. Both just happen to be partners with SSPX. Finally, the CEO of SFLK purchased shares on the open market on Friday and Monday...Imagine that...a CEO who puts his money where his mouth is FWIW

Sincerely,

Jas

[yayapapadoc]

SSP Solutions, Inc. Announces First Quarter 2004 Results
IRVINE, CA - MARKET WIRE - 05/21/04
SSP Solutions, Inc. (NASDAQ: SSPX), a leading provider of identity and information assurance products and services, today announced financial results for the first quarter ended March 31, 2004.

The Company reported total revenues of $1.9 million for the first quarter ended March 31, 2004, versus $3.3 million in the same quarter last year, which represents a 43% decrease in core business revenues. The Company reported an operating loss of $1.6 million for the quarter ended March 31, 2004, versus an operating loss of $451,000 in the same quarter of 2003. The loss from continuing operations for the quarter was $2.0 million, or $0.06 per basic and diluted share, versus a loss from continuing operations of $1.5 million, or $0.06 per basic and diluted share, in the same quarter of 2003. The net loss for the quarter was $2.0 million, or $0.06 per basic and diluted share, versus a net loss of $1.6 million, or $0.06 per basic and diluted share, in the same quarter last year.

Service revenues decreased 37.1% from $1.1 million to $667,000, and license revenues decreased by 16.7% from $1.2 million to $1.0 million for the quarter ended March 31, 2004 versus the same quarter in 2003. Product revenues decreased 79.8% from $1.0 million to $208,000 during the quarters ended March 31, 2004 and March 31, 2003, respectively. The large decrease in product revenues was partly due to the re-engineering and re-certification of the Argus 300 product that interrupted the shipment of product orders on hand. The company resumed shipping Argus 300 in May 2004. Product revenues were also impacted by the delay of government purchase commitments due to diversion of funding for many programs resulting from increased government expenditures to support current military actions overseas, which also impacted service and license revenues.

Total gross margin dollars decreased from $2.2 million to $1.3 million, a decrease of 40.0% for the quarter ended March 31, 2004 from the same quarter in 2003. Gross margin percentage, however, increased to 71.3% for the quarter ended March 31, 2004 from 67.8% during the same quarter in 2003. During the same time periods, the Company increased operating expenses by $244,000 or 9.1%, with a $216,000, or 14.0%, increase in selling, general and administrative (SG&A) expenses and a $28,000, or 2.5%, increase in research and development expenses. Included in the SG&A expenses were $517,000 of costs related to the previously announced merger with SAFLINK Corporation (SAFLINK), (NASDAQ: SFLK), and a $373,000 benefit from the reduction in charges accrued relative to the previously recorded settlement of facility leases.

In March 2004, the Company announced the signing of a definitive merger agreement with SAFLINK. Pending stockholder and regulatory approval, SAFLINK will acquire all outstanding shares of the Company in a stock-for-stock transaction. Under terms of the merger agreement, the Company's security holders would receive approximately 49% of the combined company's fully-converted shares at closing and the security holders of SAFLINK would continue to hold shares that constitute the remaining 51% of the combined company's fully-converted shares at closing. The merger agreement approved by the boards of directors of each company calls for each share of the Company's common stock to be exchanged for 0.60 shares of SAFLINK common stock.

The shares outstanding increased in 2004 versus 2003 due to the issuance of approximately: 7.3 million shares for conversion of Series A Preferred stock into common stock and payment of related dividends; the issuance of 2.8 million shares for the conversion of various notes into common stock; 2.4 million shares for the exercise of warrants related to various financings; 710,000 shares for the payment of interest and financing costs; and the issuance of 472,000 shares related to the settlement of facility leases; and 123,000 shares for employee stock purchases and the exercise of stock options. Each of these transactions occurred after the first quarter of 2003.

Rule 425 Legend Regarding Joint Proxy Statement/Prospectus

SAFLINK and the Company have filed a Joint Proxy Statement/Prospectus with the Securities and Exchange Commission (SEC) in connection with the pending merger. In addition, SAFLINK and the Company have filed and will file other information and documents concerning the merger and their respective businesses with the SEC. The Company urges investors to review the Joint Proxy Statement/Prospectus and other information filed and to be filed with the SEC because they contain important information about the merger. Any offer of securities will only be made pursuant to the Joint Proxy Statement/Prospectus. These documents will be available without charge on the SEC's web site at www.sec.gov and may be obtained without charge from the SEC at telephone number 800-SEC-0330. A free copy of the Joint Proxy Statement/Prospectus may also be obtained from SAFLINK and the Company. Investors should read the Joint Proxy Statement/Prospectus carefully before making any voting or investment decisions.

About the Company

The Company designs and develops innovative data and communication security solutions for both corporate and government institutions. The Company provides network security, desktop protection, and high assurance messaging systems for many organizations of the U.S. Government. NetSign CAC is currently deployed by all U.S. Armed Services and various DoD Agencies. For more information, visit http://www.ssplitronic.com/ or call SSP-Litronic [phone]. SSP-Litronic is a trademark and dba of SSP Solutions, Inc. (NASDAQ: SSPX).

[cmf]

And the answer is NO.

Broke $2. Volume picking up.

Wish there was a way for SSP to nix the deal with SFLK!!

[Mbledug Dewe]

I'm not in the US. Could you tell me what has been said in the
CC?

[internet]

re SFLK...Everyone should listen to their recent CC...

877-519-4471....code 4748215...

There is about a 10 min pause....then the CC starts.

Sincerely,

Jas

[cmf]

How prophetic!! LOL!!

Now I believe the question is will it hold $2.

I am so very glad wavx unloaded as much sspx as they could while it was in rally mode!!

[cmf]

Good for you yaya,

While I may be wrong, and for the sake of those like Jas who are long I hope I am, it sure doesn't look very good to me.

I am puzzled about why the merger is taking so long. Two tiny companies need 9 months to merge?? That last PR where they re-affirmed the merger was a red flag for me. It just really struck me the wrong way. I can't quantify why, but the tone of the PR to me suggested they were having problems or second thoughts.

Personally, if SSP could find funding, I'd like to see it fall apart. I like the prospects for SSP. But SFLK doesn't blow my skirt up.

Best to all. Have a wonderful weekend!!

[yayapapadoc]

Sage advice CMF...Im just a watcher as well at this point.

[cmf]

Hi yaya,

Problem is that the price and volume for sspx don't matter anymore. What you need to be watching are the price and volume for sflk. And in my humble opinion, sflk is headed for a new 52 week low based on my charts. It has completely broken down and the chart is extremely bearish.

I'm afraid at this point I wouldn't buy either, even with your money.

[yayapapadoc]

CMF...interesting that SSP did twice Waves volume today and price holding somewhat steady all week?

[cmf]

Anyone know if SSP

has enough cash to last till the extended merger date in the fall?? I believe I read neither company had much cash in the bank.

TIA.

[internet]

IAMSAM...what are your thoughts regarding the last paragraph? Will these additional shares change the ratio...ie .6 sflk shares for every sspx. The reason I ask is that the PR also says that the total number of shares we receive from SFLK will not change.

Sincerely,

Jas

[IAMSAM]

SAFLINK and SSP-Litronic -- Merger Update; Companies Reaffirm Commitment to Strategic Combination

Business Wire - April 30, 2004 08:00

BELLEVUE, Wash. & IRVINE, Calif., Apr 30, 2004 (BUSINESS WIRE) -- SAFLINK Corporation (Nasdaq:SFLK), a leading provider of biometric security solutions, and SSP Solutions, Inc. (Nasdaq:SSPX), dba SSP-Litronic, a leading provider of secure identity management and information assurance products, today announced further information about the planned merger between the two companies.

Both companies have reiterated their firm commitment to the merger. The companies anticipate filing the joint proxy statement/prospectus with the Securities and Exchange Commission in the first half of May. The parties continue to work on integration planning, and expect a closing date in the third quarter of 2004, subject to stockholder approval and regulatory review.

"We continue to be enthusiastic about the strategic benefits the transaction brings to both parties and are pleased with the progress we have made to date. Both parties are diligently working towards completing the transaction and remain committed to completing the merger as planned," said Glenn Argenbright, SAFLINK's president and chief executive officer. "We are excited about the overwhelming strategic and financial benefits of our merger, and are now looking forward to its prompt closing. I believe SSP-Litronic's comprehensive and secure operating system for smart cards and their PKI products combined with SAFLINK's biometric security solutions will enable the combined company to provide governmental and commercial enterprises the best credential management and authentication solutions on the market."

SSP-Litronic also announced that it has filed an information statement with the Securities and Exchange Commission, indicating that a sufficient number of its stockholders have acted by written consent to amend its certificate of incorporation, which will cause its preferred stock to automatically convert into shares of SSP-Litronic common stock immediately prior to the effective time of the merger. The action will be effective 20 days after the mailing of the information statement to the non-consenting stockholders of SSP-Litronic on the record date for the action, which was April 23, 2004, and the amendment will take effect upon the filing of an amendment to SSP-Litronic's certificate of incorporation with the Delaware Secretary of State immediately thereafter. The amendment will not affect the number of shares of SAFLINK common stock issued to SSP-Litronic stockholders in the merger, however it satisfies a closing condition in the merger agreement.

About SAFLINK

SAFLINK Corporation offers software solutions that protect intellectual property, secure information assets, and eliminate passwords. SAFLINK's software provides Identity Assurance Management(TM), allowing administrators to verify the identity of users and control their access to: computer networks; physical facilities; applications; manufacturing process control systems; and time and attendance systems. For more information, please see www.saflink.com or call SAFLINK at 800-762-9595.

About SSP-Litronic

SSP-Litronic designs and develops innovative data and communication security solutions for both corporate and government institutions. SSP-Litronic provides network security, desktop protection, and high assurance messaging systems for many organizations of the U.S. Government. For more information, please see www.ssplitronic.com or call SSP-Litronic at [phone]. SSP-Litronic is a dba of SSP Solutions, Inc.

SAFLINK and SSP-Litronic anticipate filing a joint proxy statement/prospectus with the Securities and Exchange Commission in connection with the merger. In addition, SAFLINK and SSP-Litronic will file other information and documents concerning the merger and their respective businesses with the SEC. WE URGE INVESTORS TO REVIEW THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER INFORMATION TO BE FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER. Any offer of securities will only be made pursuant to the joint proxy statement/prospectus. These documents will be available without charge on the SEC's web site at www.sec.gov and may be obtained without charge from the SEC at telephone number 800-SEC-0330. A free copy of the joint proxy statement/prospectus may also be obtained from SAFLINK and SSP-Litronic.

Forward-Looking Information

Statements made in this press release that state the company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. It is important to note that the company's actual results could cause actual results to differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ include the possibility that the merger may not close, the failure of the combined company to retain key employees, the failure of the combined company to manage the cost of integrating the businesses and assets of SAFLINK and SSP-Litronic, general economic conditions, the pace of spending and timing of economic recovery in the biometric and smart card industry, the combined company's inability to sufficiently anticipate market needs and develop products and product enhancements that achieve market acceptance, and higher than anticipated expenses the combined company may incur in future quarters. In addition, please refer to the risk factors contained in SAFLINK's SEC filings, including, without limitation, SAFLINK's Annual Report on Form 10-K filed with the SEC on March 30, 2004, and any amendments thereto, and in SSP-Litronic's SEC filings, including, without limitation, SSP-Litronic's Annual Report on Form 10-KSB filed with the SEC on March 30, 2004, and any amendments thereto.

SOURCE: SAFLINK Corporation

SAFLINK Corporation
Thomas Doggett, 800-762-9595
[e-mail]
or
SAFLINK (Press)
Sterling Communications
Rachel Berry, 253-853-5030
[e-mail]
or
SAFLINK (Investor Relations)
MKR Group
Todd Kehrli, 626-395-9500
[e-mail]

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[IAMSAM]

SSPX news...

28 April 2004, 09:15am ET

SSP Solutions, Inc. (NASDAQ: SSPX), dba SSP-Litronic, a leading provider of identity and information assurance products and services, continues its role as a leading supplier to the Defense Message System (DMS) program with the demonstration of high assurance message security and delivery technologies at the annual DMS Conference. The SSP-Litronic exhibit will highlight the Forté® smart card, the next evolution in smart card technology, and the Argus® Series of PC Card reader/writers, which provide secure e-mail capability for organizational messaging.

As a flexible and cost-effective alternative to bulky, high priced FORTEZZA PCMCIA cards, the Forté smart card provides a variety of state-of-the-art benefits for the DMS in an ISO 7816 dual I/O form factor. The Forté smart card is a DMS Outlook client solution that is specifically engineered to provide both the DMS algorithm compatibility and the cryptographic functions needed for peer-to-peer communications and messaging. The Forté's innovative design ensures that data requiring protection and authentication is never exposed to the user's PC or the communication link during cryptographic processing. The Forté smart card complements the DMS system and offers significantly greater form flexibility, ease of use, and value when compared to a PCMCIA card.

The Argus Series of PC Card readers/writers offers high assurance and enhanced security for a variety of DMS applications, including access control, secure communications, and electronic signatures. The Argus 2108 CipherServer® is designed to offload cryptographic processing for dramatically increased response times and enhanced functionality of database management servers, firewalls, web servers, web browsers, and e-mail packages. It holds up to eight PC crypto cards and can manage multiple clients. The Argus 3015 Dual Card Reader is a USB device that simultaneously accommodates a DMS FORTEZZA Crypto Card and the Department of Defense Common Access Card (CAC). The Argus 3015 Dual Card Reader is available as either an internal bay mounted unit or an external freestanding device.

SSP-Litronic will host a technical breakout session, focused on the Forté smart card and various client applications including DMS Outlook, during the DMS Conference. The session, in the Reunion A building on Thursday, May 6 from 8:30 a.m.-10 a.m., will overview the benefits of transitioning from traditional PCMCIA cards to smart cards. The SSP-Litronic exhibit will be located at booths 18 and 19, at the Hyatt Regency Dallas, May 3-6. For more information, please visit http://www.ssplitronic.com/.

About SSP-Litronic

SSP-Litronic designs and develops innovative data and communication security solutions for both corporate and government institutions. The Company provides network security, desktop protection, and high assurance messaging systems for many organizations of the U.S. Government. For more information, visit http://www.ssplitronic.com/ or call SSP Solutions, Inc. [phone]. SSP-Litronic is a dba of SSP Solutions, Inc. (NASDAQ: SSPX).

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, matters discussed in this news release including, in particular the reference to the future business potential, are forward-looking statements involving a number of risks and uncertainties and may not be achieved due to factors beyond our control, including changing regulatory and technological environments, our ability to obtain key components from suppliers, technological difficulties, increased competition, and changing customer demands. Other risks inherent in our business are described in Securities and Exchange Commission filings. SSP Solutions, Inc. undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.


--------------------------------------------------------------------------------

Contacts:

SSP-Litronic Editorial Contact:
Press Relations
SSP-Litronic
[phone]
[e-mail]

SSP-Litronic Investor Contact:
Thomas E. Schiff
Chief Financial Officer
SSP-Litronic
[phone]
[e-mail]


http://finance.lycos.com/qc/news/story.aspx?symbols=NASDAQ:SSPX&story=200404281315_IWR_066484

[IAMSAM]

25 Billion in Gov. Contrat $$$ coming...

will any hit SSPX? SFLK?

Regards -- SAM

Pentagon to Award $25 Bln in Contracts

Monday April 19, 6:34 pm ET
By Andrea Shalal-Esa


WASHINGTON (Reuters) - The Pentagon is poised to award defense contracts valued at over $25 billion in the next few months, including a $6 billion deal to build the Army's next spy plane expected in early May.
Top U.S. defense firms are vying for major military jobs such as building a new U.S. Navy ship, a joint missile and a satellite communications system -- all of which focus on joint use by military services, communications and intelligence operations.

Loren Thompson of the Lexington Institute, a Virginia-based think tank, said the new weapons programs "are mostly about transforming the military by creating a networked force that does business in completely different ways."

Following deep cuts in the early 1990s, after the end of the Cold War, U.S. defense spending is now about 32 percent above its level in 1998, and the George W. Bush (News) administration is projecting further increases through the end of the decade.

Many of the contracts, due in coming months, aim to bring U.S. military platforms into the high-speed information age.

Defense analyst Joe Nadol at JP Morgan said Lockheed is involved in six of the biggest competitions, twice as many as any other contractor, and looked likely to win two or three.

-- A Pentagon acquisition panel will decide on April 22 whether to give initial approval for production of the Joint Common Missile (JCM), to replace Hellfire and Maverick missiles on Army, Navy and Marine Corps planes and helicopters.

That decision will pave the way for the Pentagon to award a contract in late May valued at around $6 billion to one of three industry teams: Chicago-based Boeing Co. (NYSE:BA - News), teamed with Northrop Grumman Corp. (NYSE:NOC - News), is competing against teams from Lockheed Martin Corp. (NYSE:LMT - News) and Raytheon Co. (NYSE:RTN - News).

-- In early May, the Army will award a multibillion-dollar contract for its next-generation airborne intelligence, surveillance and reconnaissance (ISR) system, which will also replace the Navy's aging EP-3 surveillance aircraft.

Bethesda, Maryland-based Lockheed is vying with Northrop for the initial $670 million Aerial Common Sensor contract, with analysts putting the total program value at $6 billion.

-- The Army and Air Force are also nearing a decision on two segments of a program for software programmable radios with voice, data, imagery and video communications capability, or Joint Tactical Radio System (JTRS).

In April, they are expected to award a contract valued at up to $3 billion either to General Dynamics or ITT Industries Inc. (NYSE:ITT - News). In May, they will pick two of three companies vying for an additional $4 billion of that project.

-- In late May, the Navy is due to choose one or two firms to keep designing the new Littoral Combat System, a small, stealthy ship for anti-mine, intelligence and spy missions.

Nadol said the Navy is favoring the Lockheed design over those of General Dynamics, based in Falls Church, Virginia, and Waltham-Massachusetts-based Raytheon.

-- In early June, the Navy is expected to award a $3.7 billion contract for replacement of its aging P-3 surveillance aircraft. Lockheed is offering a system based on a variant of the P-3 airframe, while Boeing has based its solution for the Multi-Mission Maritime Aircraft (MMA) on its 737 aircraft.

-- Also in June, the Navy will award a contract worth over $2 billion for a new narrowband tactical satellite communications system*, or Mobile User Objective System (MUOS).

Lockheed has teamed with Boeing and General Dynamics to bid against Raytheon, which has partnered with bankrupt Loral Space and Communications Ltd. (OTC BB:LRLSQ.OB - News).

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

*EAG has ORB and deal with General Dynamics ... hmmmm.