DNAprint Genomics (DNAG)

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Ridgefield-based Markland Technologies said it intends to acquire BioDentity Systems Corp. in Ottawa, Canada, which specializes in integrated facial recognition solutions.; BioDentity is the first vendor to provide a comprehensive turn key face biometric security solution designed to enhance border control, aviation security and homeland security ; BioDentity's SecurIDent facial recognition technology and ID2PASS person and document inspection systems can be implemented as primary security and clearance systems or added to any existing facial recognition system to enhance performance and reliability, Markland Technologies said.; Joel Shaw, chief executive officer and founder of BioDentity, has agreed to join Markland Technologies. Shaw is a frequent advisor to border control and travel document-issuing authorities in North America and throughout the world. He has worked closely with the Canadian Passport Office, the U. S. Department of State and the US. Immigration and Naturalization Service.; The acquisition is a key component to Markland's strategy of providing comprehensive turn key solutions to the many security threats faced by the US. and other countries, Markland's executives anticipate the combined revenue base will lead to positive cash flow by the third quarter of this calendar year.; Markland's chairman, Robert Tarini, said the acquisition "will increase our asset base and lead to our goal of a major market listing in the very near term."; The letter of intent contemplates that Markland Technologie's will effect a "reverse stock split" prior to acquisition of BioDentity Systems. Giving effect to the anticipated reverse split, the number of Markland's outstanding shares of common stock would be reduced to about 5 million.