Identix president calls his share sale irrelevant to Viisage merger

SSN Staff  - 
Thursday, February 16, 2006

MINNETONKA, Minn.--Identix president and chief executive officer Dr. Joseph J. Atick on Feb. 14 filed a Form 4 with the SEC disclosing the sale of 300,000 personal shares of his company's stock. Identix, a multi-biometric technology company, is currently in the middle of merging with similar biometric company Viisage.
On the Form 4, Atick stated that the sale of his stock, of which he still owns approximately 1,500,000 shares with options on roughly 1,000,000 more, had to do with personal financial necessities.
In a concurrently released statement, Atick said, "I believe the combination of Identix and Viisage has the potential to create the industry's most comprehensive multi-modal biometric platform for securing and protecting personal identities, and I am confident the merger will establish a global leader in biometric security."