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Wednesday, 04/07/2004 9:09:41 AM

Wednesday, April 07, 2004 9:09:41 AM

Post# of 232
SSPX and SFLK Profiles:

Consider the combined efforts in the SECURITY sector.

"...security solutions for the financial, government, healthcare, education and entertainment industries ... customers in healthcare, pharmaceuticals, education, government and financial services sectors...."


Company Information

SSP Solutions, Inc.. The Group's principal activities are to develop and distribute electronic security solutions and services for accessing, protecting and distributing digital content via the Internet and Internet protocol or IP-based networks. The Group provides real-time solutions for electronic commerce and communications over the Internet, and other communications networks based on Internet protocols. The Group designs and produces high-grade information solutions and also provides engineering and other services to various government agencies on a time and material basis. The Group also develops and designs security solutions for the financial, government, healthcare, education and entertainment industries.

SSP SOLUTIONS, INC.
17861 Cartwright Road Irvine CALIFORNIA 92614
Phone: +1 949 851-1085
Fax: +1 949 851-8588
Website



Company Information

SAFLINK Corporation. The Group's principal activity is to provide network security software solutions to protect the safety of information assets and track network access by authorized personnel. The products offered by the Group are used to protect business and personal information and to replace passwords and personal identification numbers in order to safeguard and simplify access to electronic systems. The Group's products are divided into two groups: Enterprise network products and Stand-alone workstation products. The Enterprise network products include SAFsolution Enterprise Edition, SAF2000 for the Enterprise, SAFmodule for NMAS, SAFaccess for eTrust SSO. SAFsolution Windows Workstation Edition, is the only Stand-alone workstation product. The products are marketed to customers in healthcare, pharmaceuticals, education, government and financial services sectors. Freddie Mac, Bearing Point and Kaiser Permanente are the major customers of the Group.

SAFLINK CORPORATION
Suite 2100 777 108th Ave NE Bellevue WASHINGTON 98004
Phone: +1 425 278-1100
Fax: +1 425 278-1300
Website

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SAFLINK and SSP-Litronic Announce Merger Agreement

Merger Expected to Create a Security Industry Leader in Identity Assurance Management; Facilitates Commercial and Public Sector Adoption of PKI-infrastructure and Biometric Security

BELLEVUE, Wash. & Irvine, Calif., Mar 22, 2004 (BUSINESS WIRE) --

SAFLINK Corporation ( SFLK ), a leading provider of biometric security solutions, and SSP Solutions, Inc. ( 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.




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