Biometrics News: Profile Solutions, Inc (OTC PK: PSIQ) Signs Exclusive Worldwide License for Patented Technology and Intellectual Property
Company focuses its marketing efforts towards Security Solutions for the Cannabis and Law Enforcement markets
FT LAUDERDALE, Fla. - September 9, 2014 (Investorideas.com Newswire) Profile Solutions, Inc. (OTC PK: PSIQ), a solution provider of access control and security systems is pleased to announce that the company has signed a worldwide exclusive license agreement with Paladin Electronic Sales to represent, integrate and sell the companies proprietary access control solutions throughout the world. Profile Solutions, Inc has also acquired the exclusive license for PES fingerprint technology Patent # - 7,424,618. Profile Solutions also has the option to purchase all the technology and patent.. Profile can now offer fingerprint or proximity based access control security solutions as part of the PSIQ product offerings. Paladin has received restricted shares in PSIQ as compensation for the agreement and is now a shareholder in the company.
Profile Solutions is targeting the law enforcement market to provide the technology for physical access to secure areas, along with introducing this solution to the emerging cannabis industry to secure access to buildings, doors, inventory, cash and personnel with this proprietary technology.
Paladin Electronics Sales has been in the security industry since 1998 and currently develops and sells its solutions to Law Enforcement Agencies including the City of Plantation Police Dept for physical access, Six South Florida Fire departments and local municipalities. Profile and Paladin will work closely together to expand the network of installed customers.
" We are very pleased with the signing of the exclusive worldwide license agreement with PES." The technology is secure, fast and accurate, and we look forward to bringing this solution into new markets and providing unmatched security solutions to our clients." stated Dore Perler, CEO of Profile Solutions, Inc.
" PES is excited to work with Profile Solutions to bring this technology mainstream." added Ronald Roy, President of Paladin Electronic Sales, Inc. " Our technology has been proven over time and Profile can now take the ball and run with it." added Mr. Roy.
" PSIQ will soon be providing the market with a detailed Investor Presentation and company updates on our security solutions for the Law Enforcement and Cannabis marketplace," added Mr. Perler.
Please see more information via its website www.profilesolutionsinc.com or the Company's Facebook page at www.facebook.com/ProfileSolutionsInc
About Profile Solutions
Profile Solutions, Inc. (PSI) designs, manufactures and sells security-based identification products and systems that incorporate state-of-the-art security technology to verify a person's identity, or grant physical access. PSI has developed turnkey integrated applications that incorporate our proprietary Access-It hardware platform. We also integrate our applications with biometric technology for additional security when required. PSI targets the law enforcement, cannabis industry and corporate America as our customer base. Please visit the company website at www.ProfileSolutionsInc.com , www.PSI-Store.com or www.facebook.com/ProfileSolutionsInc.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For information, please contact:
Dore Scott Perler
Profile Solutions, Inc.
9400 SW 49 Place
Cooper City, FL 33328
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