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40k SFLK afterhours friday at $2.90
16.04 $ 2.90 40000
No SSPX afterhours.
If SFLK can bust $3 we'll be headed towards $2 pretty quickly [I hope].
70k sitting on the ask at $1.70
I have this mental picture of Feeney logged into Ameritrade with SKS screaming in the background...
"SELL MORTIMER SELL"
LOL!!
CMF...re rules...Paul...now you know the rules...this is the SSPX thread!!! It will be converted into the SFLK thread in a few months. Until then...PLEASE follow the RULES.....GO SSPX GO! ))))))))))))))))))
Sincerely,
Jas
SSPX moving in lock step with SFLK as predicted.
Up 4.5% ... should continue to increase with news flow and market strengthening.
The 50MA for SFLK is 3.69 which values SSPX @ 2.21.
Good for SSPX and good for WAVX 3.5 Mil shares. Approximately 7 mil for Wave Systems' bank account.
Regards -- SAM
IAMSAM...re mergers price...Right from the initial announcement...the price never seemed right to me given that there were north of 50 million shares outstanding after the last round of funding....the correct value of the merger is ~104 million dollars....not the 45 million that was originally stated.
Sincerely,
Jas
Stock looking mighty strong of late...eom
Jas, perhaps we should rebel and vote down the merger/acquisition. ("NO SFLK! NO SFLK!") LOL
You are correct. Presently SSPX PPS is undervalued according to the .60.
Regards -- SAM
IAMSAM...I would actually purchase additional shares of SSPX.....instead of SFLK. If SFLK holds its current valuation...it would translate into a discounted SSPX stock. Personally, I'm more impressed with SSPX as a stand alone vs SFLK. Having said this...the combination could become very interesting.
Sincerely,
Jas
Yes, and I did nibble a few K yesterday.
http://stockcharts.com/def/servlet/SC.web?c=SFLK,uu[w,a]daclyiay[dc][pb50!d50,2!f][vc60][iut!Lh10,3!...
Recent high = 4.77; Recent close = 2.56. 2.21 move.
Assuming SFLK consolidates at this level.
Some fib'n thoughts:
38% retrace = .83 + 2.56 = 3.39 (X .60 = 2.03 SSPX)
50% retrace = 1.10 + 2.56 = 3.66 (X .60 = 2.19 SSPX)
62% retrace = 1.37 + 2.56 = 3.93 (X .60 = 2.35)
Security is the right sector. SSPX being "Made In America" was and is a strong point for consideration. Learning more about SFLK (thanks to Jas for initial info).
All bets off if market meltdown. Yikes!
Regards -- SAM
Hi Jas. Interesting observation. The expected buyout of SSPX didn't go as planned.
I figured SSPX would get sold for 2.50ish, similar to ITRU. Oh, well, the best laid plans....
Time for a new strategy. Any ideas you care to share? 'o)
Regards -- SAM
Hey Sam,
If you honestly believe SFLK is going to rise enough to take SSP back to $2, then wouldn't it be a prudent play to grab a little SFLK too??
SMARTMONEY ARTICLE re merger...
http://yahoo.smartmoney.com/onedaywonder/index.cfm?story=20040323&afl=yahoo
The quote at the end says it all...
Sincerely,
Jas
SSPX currently trading .15 (10%) under value.
SFLK 2.69 X .60 = 1.61 SSPX.
FWIW -- SAM
Yep, I was initially surprised too at the drop in SSPX PPS. Though, on second thought, I figured SFLK would get a spanking w/weak numbers in the current market.
Still, SFLK chart is saying, "BUY" to me. That upper BB is inviting. About ready for a good, solid bounce. Unless of course the chart has a total breakdown.
Meanwhile, I just be hold'n for the $2+ target.
Regards -- SAM
Hey SAM,
Yup, I have some sspx shares alrighty.
What worries me is that this will be perceived as "two wrongs don't make a right". sspx was just turning the corner. sflk look like the inferior company to me. Guess we'll see what happens.
I had to laugh when it went red though. I mean, how many companies get bought out and the PPS goes down....
Time for a little of that patience thing I guess.
Walleye, the premium is .60 of SFLK PPS.
SSPX PPS is now at the mercy of SFLK valuation.
A little patience is in order, IMO. Knee-jerk reaction?
Do you own SSPX shares?
Regards -- SAM
Hi GreenWavx. Was in reference to the upper and lower BB on SFLK chart.
But they're sure getting whacked after the earnings miss.
Looks like SSPX will move with SFLK from now on (X .60).
Regards -- SAM
*******
Posted by: IAMSAM
In reply to: rosieloveswavx who wrote msg# 55 Date:3/23/2004 12:01:46 AM
Post #of 62
Hi Rosie. It's up to the woman...
to choose. 'o)
I'm looking at splitting the difference for valuation:
http://stockcharts.com/def/servlet/SC.web?c=sflk,uu[w,a]daclyiay[dc][pb50!d50,2!f][vc60][iut!Lh50,3!....
.60 X ?
The combined forces of SSPX and SFLK must be considered. But, so does the fact that SFLK fell way short on revs. Then again, SSPX is beginning to roll with gov. deals.
Upper BB in chart above is quite appealing. Stick around for the show. Security sector is just warming up. And the market has been down for weeks ... can only hope the correction is 'bout finished.
Regards -- SAM
IAMSAM Would you be good enough to elaborate?
"I'm looking at splitting the difference for valuation"
Thanks for the opinion Sam. Nice news today! Rosie
SFLK news...
Memory Experts International Secures OEM Agreement with SAFLINK
PR Newswire - March 23, 2004 08:07
Deal expands MXI's leadership in secure, portable biometric storage devices
MONTREAL, Quebec & BELLEVUE, Wash., Mar 23, 2004 /PRNewswire via COMTEX/ -- Memory Experts International (MXI), a leading manufacturer of secure, portable data storage devices, has established an OEM partnership with SAFLINK (Nasdaq: SFLK). SAFLINK Corporation offers software solutions that protect intellectual property, secure information assets, and eliminate passwords.
MXI's ClipDrive Bio, a secure USB 2.0 data storage device, will be part of SAFLINK's Identity Assurance Management(TM) line-up. This is a software-based security solution that incorporates identity verification with controlling and documenting people's access to critical business assets.
"We were looking for a USB device to complete our range of integrated security solutions," said Walter Hamilton, VP of Business Development for SAFLINK. "MXI's range of biometrically-secured USB storage devices are highly secure, convenient, and portable - an excellent solution. We have already seen significant interest from enterprise and government customers."
The total market for USB-enabled devices will experience 18.3% annual growth between 2003 and 2008, according to high-tech market research firm In- Stat/MDR.
"SAFLINK has an excellent reputation among commercial and government organizations, and extensive experience in authentication and identification technologies," said Mike Kieran, director of sales and marketing at MXI. "We offer the expertise in biometrics and portable storage - a powerful combination considering the demands of today's mobile workforce and the need for data security."
About Memory Experts International
Memory Experts International is a world class, multinational manufacturer of highly secure, portable data storage media devices, biometric based system access controls, hard drive subsystems, memory modules and cabling technologies for the computer and office equipment markets. Headquartered in Montreal, Quebec, with over 10 years of experience in delivering quality products, MXI combines vast industry knowledge with unbeatable time to market to meet the ever changing and complex needs of their customers. http://www.memoryexpertsinc.com/
About SAFLINK Corporation
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.
Contact:
Alison Merifield, LEWIS PR
617 454 1104
alisonm@lewispr.com
SOURCE Memory Experts International (MXI)
Alison Merifield of LEWIS PR, +1-617-454-1104,
alisonm@lewispr.com
http://www.saflink.com
Copyright (C) 2004 PR Newswire. All rights reserved.
Hi Rosie. It's up to the woman...
to choose. 'o)
I'm looking at splitting the difference for valuation:
http://stockcharts.com/def/servlet/SC.web?c=sflk,uu[w,a]daclyiay[dc][pb50!d50,2!f][vc60][iut!Lh50,3!...
.60 X ?
The combined forces of SSPX and SFLK must be considered. But, so does the fact that SFLK fell way short on revs. Then again, SSPX is beginning to roll with gov. deals.
Upper BB in chart above is quite appealing. Stick around for the show. Security sector is just warming up. And the market has been down for weeks ... can only hope the correction is 'bout finished.
Regards -- SAM
On second thought, SSPX valuation...
SFLK 50MA and 200MA, 3.70 and 4.50:
http://stockcharts.com/def/servlet/SC.web?c=SFLK,uu[w,a]daclyiay[dc][pb50!b200!f][vc60][iut!Lh50,3!L...
SSPX (.60) = 2.00 and 2.70.
Looks much better.
Winkler and Shaw come out just fine once again.
Wave Systems does more than "OK" also.
Regards -- SAM
SSPX .60 of SFLK ... 1.80-2.00?
Certainly explains some of the wild trading. Who knew? LOL
Yowsa! A new twist for Wave Systems' holdings of SSPX.
3.00 X .60 = 1.80. Not the 2.50 hoped for ... not yet. We shall see what becomes of the combined forces.
SAFLINK and SSP-Litronic Announce Merger Agreement
BELLEVUE, Wash. & Irvine, Calif.--(BUSINESS WIRE)--03/22/2004--
Merger Expected to Create a Security Industry Leader in Identity Assurance Management; Facilitates Commercial and Public Sector Adoption of PKI-infrastructure and Biometric Security
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 the signing of a definitive merger agreement.
Pending stockholder and regulatory approval, SAFLINK will acquire all outstanding shares of SSP-Litronic in a stock-for-stock transaction. Under terms of the merger agreement, the security holders of SSP-Litronic would receive approximately 49% of the combined company's outstanding fully-converted shares at closing and the security holders of SAFLINK would continue to hold the remaining 51% of the combined company's outstanding fully-converted shares at closing. As approved by the boards of directors of each company, the merger calls for each share of SSP-Litronic common stock to be exchanged for 0.60 shares of SAFLINK common stock.
The merger is expected to be accretive to 2004 earnings and to provide significant upside potential in existing and new sectors. The merger is intended to qualify as a tax-free transaction and is expected to close in the second or third quarter of 2004, depending on regulatory review.
By combining SAFLINK and SSP-Litronic into one entity, the merger uniquely positions the new company to solve the personal privacy issues that have slowed the adoption of important government security initiatives. SAFLINK and SSP-Litronic believe that a combined product offering can answer new legislative requirements in healthcare and financial services, and can help meet the growing demand for the new "smart" passport and driver's license. In addition, the new company's combined technologies can provide a foundation for security initiatives being implemented by large global enterprises and the United States Government's Department of Homeland Security.
The powerful combination of SSP-Litronic's identity management products with SAFLINK's biometric software creates a 100% American-owned, military-grade authentication solution. The combination of biometrics and smart cards brings advanced security to the enterprise, helping to secure sensitive access points from doorways to desktops. The combined company will be able to provide commercial enterprises with a scalable, reliable, and secure framework for identity and assurance management that covers network and application security, physical security, time and attendance, and regulatory compliance for automated manufacturing systems.
"Similar to what we've seen with the convergence of logical and physical biometric technologies, many security analysts and experts have anticipated that a combination of biometrics, smart cards and PKI would ultimately be required to address enterprise security needs," said Glenn Argenbright, CEO of SAFLINK. "The development of high-profile government security projects such as the Department of Defense's Common Access Card (CAC) program reinforces this concept. As a security leader, SAFLINK has long recognized the need for this type of convergence and has been closely monitoring the progress of this technological evolution. In pursuing this strategy, we carefully analyzed each of the major technologies in this field. It is my belief that SSP-Litronic provides the most secure and scalable smart card and PKI technology available today for integration with our software products. SSP-Litronic has outstanding technology that has been validated by some of the most security-centric organizations in the world. I believe that together we will deliver on the promise of biometrics, smart cards, and PKI integration."
For over three decades, SSP-Litronic has helped set the standard for high assurance in communications, data protection, and network security. For more than a decade, SAFLINK has defined enterprise security using biometric solutions for logical, physical, manufacturing automation, application access control, and time and attendance.
The addition of SSP-Litronic to the SAFLINK solution team builds on SAFLINK's acquisition of physical security technology from Biometrics Solutions Group (BSG) in December 2003, allowing the unique combination of biometrics, smart cards, and digital certificate management solutions to be applied to the identity assurance needs of the entire enterprise.
By joining forces, the combined company will enjoy compelling advantages that are expected to benefit the customers of each, including:
-- Over 12 years experience delivering biometric technology based products and services.
-- Over 33 years experience delivering high assurance cryptographic security products and services.
-- A scalable, reliable, and secure framework for enterprise-wide identity assurance management.
-- An application portfolio delivering enhanced business security for a wide variety of secure messaging, remote access, electronic commerce, strong authentication, secure storage, and media encryption.
-- A broad shrink-wrapped product offering targeted to meet the needs of the most discerning commercial enterprise information technology managers.
-- Proven military-grade solutions targeted to meet the needs of the most demanding federal government security officer.
-- A broad and strong network of strategic partners, including Microsoft, Dell, Novell, Computer Associates, Bearing Point, Citrix, Verisign, Unisys, EDS, Atmel, Schlumberger, Lockheed Martin, Iconics, Computer Sciences Corporation, Documentum, and Panasonic.
-- A proven track record with a wide range of government organizations including the National Security Agency, the FBI, the CIA, the Department of Defense and Armed Forces, the U.S. Army Corps of Engineers, the U.S. Department of State, the U.S. Department of Treasury, the U.S. House of Representatives, the U.S. Department of Transportation, the Environmental Protection Agency and the Transportation Security Administration.
"I believe our combined technologies will provide the government with higher levels of national security, while building-in the appropriate safeguards for individual privacy," said Marvin Winkler, Co-Chairman and CEO of SSP-Litronic. "This merger opens the door for accelerated deployment and acceptance of both public sector and enterprise security initiatives, and allows them to standardize on a single, secure identity management solution. I believe an integrated smart chip, biometrics and PKI technology are the keys to deployment. With similar philosophies and complementary technologies, we believe the combined company will be positioned for growth and operational leverage going forward."
Added Argenbright, "Independently, both companies are extremely well-positioned on the largest smart card plus biometric projects in the industry -- most notably in the government sector. I believe this merger dramatically strengthens our collective position on these initiatives."
Upon completion of the merger, SSP-Litronic will operate as a wholly-owned subsidiary of SAFLINK. The new company will be led by a management team and board of directors selected from both companies. Richard P. Kiphart, formerly chairman of Memphis-based Concord EFS and a managing director of William Blair & Company, LLC investment banking firm will become Chairman of the board of directors of the combined company. Glenn L. Argenbright, President and CEO of SAFLINK, will remain President and CEO of the combined company. Kris Shah, Co-Chairman and President of SSP-Litronic, will maintain his role as President of SSP-Litronic. Marvin Winkler, Co-Chairman and CEO of SSP-Litronic, will become the Vice Chairman of the board of directors and is expected to assist executive management with strategic initiatives. Other executive management positions and members of the board of directors will be designated prior to the closing of the transaction. The transaction is subject to the approval of each company's stockholders, regulatory review, as well as other customary closing conditions.
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. INVESTORS SHOULD READ THE JOINT PROXY STATEMENT/PROSPECTUS CAREFULLY BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS. The officers and directors of SAFLINK and SSP-Litronic may have interests in the merger, some of which may differ from, or may be in addition to, those of the stockholders of SAFLINK and SSP-Litronic generally. A description of the interests that the officers and directors of the companies have in the merger will be available in the Joint Proxy Statement/Prospectus.
C.E. Unterberg, Towbin acted as SAFLINK's financial advisor on the transaction, and rendered a fairness opinion to SAFLINK's board of directors. Burnham Hill Partners acted as SSP-Litronic's financial advisor, and Wedbush Morgan provided the fairness opinion to SSP-Litronic's board of directors.
Conference Call
The Company will hold a conference call today at 5:00 PM EST to discuss its agreement to merge with SSP-Litronic, as well as its Fourth Quarter and Year-End financial results. The Company may provide forward-looking information on this call. To listen to the conference, please call 1-800-992-7413 (international callers dial +1-801-303-7424). An archive of the call will be available for 10 business days at the following link: http://www.visualwebcaster.com/event.asp?id=21397.
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.
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 our website at http://www.ssplitronic.com/ or call SSP-Litronic at (949) 851-1085. SSP-Litronic is a dba of SSP Solutions, Inc.
About C.E. Unterberg, Towbin
Founded more than 70 years ago, C.E. Unterberg, Towbin supplies capital and financial advice to companies with market capitalization of up to $1 billion in the technology, healthcare and global security industries. Its services include public offerings, direct investments, mergers and acquisitions and private placements. Unterberg, Towbin also provides equity research, sales and trading, asset management and private client services. Principal offices are located in New York, San Francisco and Silicon Valley. In 2002, John Gutfreund, former Chairman and CEO of Salomon Brothers, joined Unterberg, Towbin. He is past Vice Chairman of the New York Stock Exchange and past member of the Board of Directors of the Securities Industry Association. Additional information on CEUT can be found on its website, www.unterberg.com. For further information, to speak with Thomas Unterberg, John Gutfreund, Andrew L. Berger, or Jack Burns at C.E. Unterberg, Towbin, please contact Davia Temin of Temin and Company at 212-588-8788 or info@teminandco.com.
About Burnham Hill Partners
Burnham Hill Partners, based in New York City, was formed in August 2003 and is a division of Pali Capital Inc., a NASD registered broker dealer. The professionals at Burnham Hill Partners have extensive experience providing comprehensive financing and financial advisory services to publicly traded companies with market capitalizations of up to $250 million. Burnham Hill Partners' sector expertise includes telecommunications, electronics equipment and services, network security and software as well as medical devices and life sciences. For more information on Burnham Hill Partners, its professionals and deal history call 212-980-2200.
NOTE: "SAFLINK" and "The Power of Biometric Authentication" are registered trademarks of SAFLINK Corporation. "Protecting your enterprise through secure authentication" and "Identity Assurance Management" are trademarks of SAFLINK Corporation. All other trademarks are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements, including forward-looking statements regarding the amount and timing of synergies that may be achieved in connection with the merger, the strength of the combined company's product offering following the merger, the degree to which the combined company will alter the competitive landscape in its industry, prevailing market conditions and the combined company's ability to successfully fulfill its customers' needs. Actual results could differ materially from those projected in or contemplated by the 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 most recent Quarterly Report on Form 10-Q filed with the SEC on November 14, 2003 and its Annual Report on Form 10-K filed with the SEC on March 28, 2003, and in SSP-Litronic's SEC filings, including, without limitation, SSP-Litronics's most recent Quarterly Report on Form 10-QSB filed with the SEC on Registration Statement on November 19, 2003 and its Annual Report on Form 10-K filed with the SEC on April 15, 2003, as amended.
CONTACT:SAFLINK Corporation SAFLINK Investor Contact: Jon Engman, Chief Financial Officer 800-762-9595 jengman@saflink.com or MKR Group, LLC Todd Kehrli or Charles Messman 626-395-9500 ir@mkr-group.com or SSP-Litronic SSP Solutions, Inc. Investor Contact: Thomas E. Schiff, Chief Financial Officer 949-851-1085 tom.schiff@ssplitronic.com or www.saflink.com or www.sspsolutions.com
SOURCE: SAFLINK Corporation
03/22/2004 16:54 EASTERN
So is everyone holding onto their shares??? Whatz a lady to do here? Rosie
After hours:
SSP Solutions, Inc.
Pre-Market / After Hours Market Mar. 22, 2004 Market Close: $ 1.44
After Hours Trade Reporting Monday March 22
After Hours
Last: $1.60 After Hours
Best Bid: $1.47 After Hours
High: $1.60
After Hours
Volume: 19,700 After Hours
Best Ask: $1.60 After Hours
Low: $1.53
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
18.14 $ 1.60 200
18.14 $ 1.60 500
18.14 $ 1.59 500
18.05 $ 1.55 3000
18.04 $ 1.59 100
18.04 $ 1.59 100
18.01 $ 1.59 1000
18.01 $ 1.59 400
17.51 $ 1.59 100
17.50 $ 1.59 1000
17.50 $ 1.59 900
17.50 $ 1.59 3300
17.50 $ 1.59 800
17.50 $ 1.58 3000
17.50 $ 1.58 1500
17.50 $ 1.53 3300
Good luck to all holders of this security.
ronle
SSPX + SFLK = ???
It will be interesting to see how the market reacts to SFLK after this announcement.
Sincerely,
Jas
SSP-Litronic and Adobe Team to Help Government Protect Critical Information
Monday March 22, 9:15 am ET
Companies Work Together to Secure the Exchange of Sensitive Documents
IRVINE, CA--(MARKET WIRE)--Mar 22, 2004 -- SSP Solutions, Inc. (NasdaqNM:SSPX - News), dba SSP-Litronic, a leading provider of identity and information assurance products and services, today announced it is teaming with Adobe Systems Incorporated (NasdaqNM:ADBE - News) to safeguard the exchange of online information for the enterprise. The combined solution, initially targeted for the government market, integrates SSP's NetSign® CAC smart card middleware with Adobe® Acrobat® 6.0 software and Adobe® Reader® 6.0 to provide electronic document security, giving customers strong assurance for electronic document exchange.
ADVERTISEMENT
Currently deployed by the U.S. Armed Services and various DoD Agencies throughout the world, NetSign CAC provides network and desktop security for over 500,000 Common Access Card holders in the DoD. NetSign CAC helps the Department of Defense manage access to critical resources by enabling the use of the CAC smart ID for strong authentication to applications, websites, and network services. DoD users also use NetSign CAC functionality to secure communications -- digitally signing and encrypting email communications with their digital credentials. Compatibility with Acrobat and Adobe Reader provides government users higher assurance regarding the authenticity, integrity, and non-repudiation of electronic documents. NetSign CAC extends PKI functionality to seamlessly allow CAC users to digitally sign, encrypt, send, and view electronic forms and documents in Adobe Portable Document Format (PDF) using Acrobat.
"Sharing electronic documents is fundamental to the way enterprises operate, and the government is no different in this regard. In fact, there are more stringent requirements for protecting information in the government and the Department of Defense because of national security concerns and consequences of improper disclosure," stated John Landwehr, group manager, Security Solutions and Services at Adobe. "By working closely with SSP-Litronic, we are able to offer a comprehensive security solution that leverages our complementary product strengths to help meet the higher assurance needs of one of the most critical enterprises around."
The combined NetSign CAC, Acrobat, and Adobe Reader solution will be shown next week, March 23-25, at the FOSE 2004 exhibition and conference. Functional demonstrations will occur in the Adobe booth (#2203) at the Washington DC Convention Center throughout the show.
"NetSign CAC, Acrobat, and Adobe Reader are powerful applications that greatly benefit all users of the DoD's CAC smart ID," according to Kris Shah, president SSP-Litronic. "Our plan is to expand the integration of the Adobe products into our entire family of NetSign products and offer all our enterprise customers, both government and commercial, a higher level of trust to build from."
Product Pricing and Availability
For information on pricing and availability of NetSign CAC, contact SSP-Litronic at (703) 905-9700 or visit our web site: www.sspsolutions.com/solutions/government/.
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. 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 (949) 851-1085. SSP-Litronic is a trademark and dba of SSP Solutions, Inc. (NasdaqNM:SSPX - News).
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 the ability of NetSign CAC to continue to meet the requirements of the DoD, the continued compatibility of Adobe Acrobat and Adobe Reader with our NetSign family of products, our ability to sell and provide technical support for sales of NetSign CAC, 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:
Contacts:
SSP-Litronic Editorial Contact:
Press Relations
SSP-Litronic
(949) 851-1085
pr@ssplitronic.com
SSP-Litronic Investor Contact:
Thomas E. Schiff
Chief Financial Officer
SSP-Litronic
(949) 851-1085
tom.schiff@ssplitronic.com
--------------------------------------------------------------------------------
Source: SSP Solutions, Inc.
Yah, Yah, I woot agreee.
Come on, monee bags, take out those 1.48s so we can get on with the inevitable. LOL
Steady stream of revs picking up IMHO...eom
Jas, after 1.65, nothing but air up there.
http://www.stockta.com/cgi-bin/analysis.pl?symb=SSPX&num1=29&cobrand=&mode=stock
When she moves it's quick.
Riding the bus cross country. 'O)
Regards -- SAM
IAMSAM...volume and price surge!...25k on the bid....interesting!
Sincerely,
Jas
Hi Jas. If I told you my secret opinion, you may laugh me off the boards.
OK, I'll risk it.
1) WAVX PPS rises dramatically on WAVX/TCG news.
2) WaveXpress announces multi-million contracts
3) Wave Systems does IPO of WPRESS, raising Big Bucks.
4) SSPX PPS spikes to $3.00 on buy out rumor.
4) Wave Systems buys SSPX for cash and stock deal.
And we, my friend, count it all joy!
Regards -- SAM
IAMSAM...re Waves SSPX shares....That leaves Wave with roughly 3.5 million SSPX shares...I was surprised that they did not sell those 750 K shares when they had a chance....~1.5-1.75. Makes you wonder what they were waiting for?
Sincerely,
Jas
Yeeha-Yaya, how's that project finishing up you've been diligently working on?
http://stockcharts.com/def/servlet/SC.web?c=sspx,uu[h,a]dhclyyay[pb50!b200!c20!b8][vc60][iub14!lah12...
Need a "kick it up a notch."
Thanks, Jas. That's good news. WAVX waiting for PPS appreciation also.
Regards -- SAM
re Wave's SSPX holdings....I asked Wave if they had acted upon their 1/20/04 filing as of today....the answer I received was that they had not sold those shares....and the last sell was on 1/16/04. Therefore...the liquidity that we have been seeing over the past 30 days or so has to be from the PP...FWIW
Sincerely,
Jas
Interesting: Some selling + Some buying. eom
I want to overtake Wavx so we can induce mass nausea :,
Yep, that's a fact, Jas. Will be plenty of price swings until the overhead dries up.
Load 'em up on the dips.
Regards -- SAM
I agree Jas.
Just put some bids in and wait for the supply to be exhausted. Then the stock will move again. I'll certainly take some more at $1.20 if wave wants to sell me some there ;o)
Soter...re share price...PATIENCE...this is going to be the key with this stock over the short term. The key is to concentrate upon the fundementals....which are improving. You have a company that continues to win government contracts and is either at breakeven or in the black with ~ ten million dollars in the bank.
The stock is stuck in the currents created by the large overhang imposed upon by WAVE and the PP holders. I'm simply accumulating additional shares in a price range....in other words...I don't think there is any reason to chase...there is too much supply at this time...FWIW
Sincerely,
Jas
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