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ID Four Acquires Fully Reporting Shell

SAN DIEGO, Jun 6, 2001 /PRNewswire via COMTEX/ -- The Board of Directors of ID Four Ltd. (OTC: IDFR), announced today it has purchased a fully reporting Shell, to accelerate the company`s return to "Fully Reporting" status.
ID Four is currently conforming to the terms of an NDA [Non Disclosure Agreement], but today confirmed the purchase of the Fully Reporting Shell. The Shell meets all the requirements and criteria to complete a successful merger of the two companies, and the documentation is already being processed for the filing of the company`s Form 8-K.

The company`s CFO today announced the process could be completed in as little as two weeks, and ID Four could be trading as a fully reporting company within that time, subject to the SEC approval process.

The Shell meets the criteria for the transaction and is pre-registered and pre-approved with 10K-SB filings in place conforming to the United States Laws regarding issuance, trading and reporting of securities, including all rules and regulations of the SEC, NASD, State Blue Sky laws and regulations, and those regulations of the NASD OTC Bulletin Board.



Board of Directors, ID Four Ltd.

For more information please contact: ID Four Ltd., Public Relations Department, 7825 Fay Avenue, La Jolla, CA 92037, Tel: 858/456-3524, Email: Info@idfour.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company`s press releases.


morchel
 
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Autor (Datum des Eintrages): morchel  (06.06.01 23:52:46)
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