Saflink Announces Leadership Change and Corporate Realignment
2006年9月30日 - 7:30AM
PRニュース・ワイアー (英語)
Saflink Board Member, Steve Oyer, Named Acting CEO and Glenn
Argenbright Named Saflink Chairman and President and GM of
Registered Traveler Solutions KIRKLAND, Wash., Sept. 29
/PRNewswire-FirstCall/ -- Saflink(R) Corporation (NASDAQ:SFLK), a
leading provider of solutions that verify identity, secure access
and increase productivity, announced several changes in its
executive leadership today. Steve Oyer, a member of Saflink's board
of directors and chairman of its audit committee, was named interim
chief executive officer, while Glenn Argenbright, Saflink's current
president and CEO, was named chairman of the board and president
and general manager of Registered Traveler Solutions, a division
within Saflink that is focused exclusively on the national
Registered Traveler (RT) program initiative. Saflink also announced
that Jon Engman, its chief financial officer, is resigning for
personal reasons and to pursue other interests. Mr. Engman has
stated that he expects to remain with Saflink through mid-November
2006 to facilitate an orderly transition of the ongoing financial
management and reporting requirements of the company and the timely
transfer of duties. Jeff Dick, Saflink's vice president of finance,
will serve as acting chief financial officer following Mr. Engman's
departure while Saflink searches for Mr. Engman's successor. In
addition, Saflink announced that Trevor Neilson has been appointed
vice chairman of the board of directors and Richard Kiphart will
continue to serve as the lead independent director of the board of
directors. The Transportation Security Administration (TSA) has
recently made several policy decisions designed to expedite the
adoption of the Registered Traveler program. Accordingly, Saflink
and its Fast Lane Option (FLO) Alliance have stepped up their
efforts to secure RT opportunities in various airports around the
country, as well as to lay the foundation for signing up customers
for the FLO solution. As a result, Saflink's board of directors
determined that the time is right to realign both its executive
leadership and corporate structure to maximize the results across
Saflink's different business initiatives. Saflink also announced
that it will conduct a search to replace its CEO and CFO which will
include internal and external candidates. Messrs. Argenbright,
Oyer, Neilson and Kiphart will assume their new roles immediately.
Mr. Neilson, Saflink vice chairman of the board, commented, "The
Saflink board of directors has been evaluating different actions to
bring about positive change and to strengthen stockholder value. We
believe that Registered Traveler is a tremendous opportunity for
Saflink and Glenn Argenbright has been critical in putting together
the FLO Alliance and leading it in pursuit of airports and
customers across the country. We don't want to lose that momentum,
so we have asked Glenn to focus exclusively on that business, and
his appointment to chairman also signifies the importance the board
of directors places on this program. We also believe a change in
executive leadership can improve our results outside of Registered
Traveler. We believe that now is the right time for that leadership
change and corporate realignment, and we're very pleased to appoint
Steve Oyer as interim CEO." Mr. Oyer has been a member of Saflink's
board of directors since 2001 and has a long and distinguished
career in the financial community, including most recently his work
with Standard & Poors. Regarding his new assignment, Mr. Oyer
commented, "I believe that the combination of Saflink's proprietary
technology, strong market partnerships and the mainstreaming of
biometric authentication and credentialing make this a time of
tremendous opportunity for the company. My goal will be to focus
the resources of Saflink on the immediate commercialization of key
initiatives -- our Registered Traveler solutions through the FLO
Alliance, our authentication and data management products for
industry and our credentialing solutions for government agencies.
In the weeks ahead, I will be working with my management team and
key partners to move the company forward with a targeted plan for
growth." About Saflink Saflink Corporation offers biometric
security and smart card solutions that protect intellectual
property, secure information and eliminate passwords. Saflink
identity assurance management solutions allow administrators to
verify the identity of users and control their access to computer
networks, facilities and applications. Winner of seven awards in
2005, Saflink and its solutions have been recognized by
organizations such as Frost & Sullivan and Software Magazine's
Software 500. For more information, please visit
http://www.saflink.com/ or call 800-762-9595. NOTE: "Saflink" is a
registered trademark and "FLO" and "Fast Lane Option" are
trademarks of Saflink Corporation. This press release contains
forward-looking statements, including statements about the search
for a permanent Chief Executive Officer and Chief Financial
Officer, Mr. Engman's transition period, and the effect that a
change in leadership may have on us and our Registered Traveler
program. Forward-looking statements are based on the opinions and
estimates of management at the time the statements are made and are
subject to risks and uncertainties that could cause actual results
to differ materially from those anticipated in the forward-looking
statements. The words "predict," "believe," "expect," "intend,"
"anticipate," variations of such words, and similar expressions
identify forward-looking statements, but their absence does not
mean that the statement is not forward-looking. These statements
are not guarantees of future performance and are subject to risks,
uncertainties and assumptions that are difficult to predict.
Factors that could affect our actual results include, but are not
limited to, any decision Mr. Engman may make subsequent to the date
of this press release regarding the length of his transition
period, our ability to identify and recruit a qualified successor
to Messrs. Argenbright and Engman on a timely basis, and the risk
that if we do not generate significant revenue from our
participation in large government security initiatives or increase
the level of our participation in these initiatives, our business
performance and future prospects may suffer. In addition, if third
parties, on whom we partly depend for our product marketing and
distribution, do not promote our products, our ability to generate
revenue may be limited and our business and financial condition
could suffer. Other factors include, but are not limited to, risks
and uncertainties associated with our financial condition, our
ability to sell our products, our ability to compete with
competitors and the growth of the security market, and those
included in our annual report on Form 10-K, as well as other
documents we periodically file with the Securities and Exchange
Commission. Saflink PRESS CONTACT: Sterling Communications Lindsay
Stril 206-388-5758 Saflink INVESTOR RELATIONS CONTACT: Investor
Awareness, Inc. Tony Schor 847-945-2222 DATASOURCE: Saflink
Corporation CONTACT: media, Lindsay Stril of Sterling
Communications, +1-206-388-5758, or ; or investors, Tony Schor of
Investor Awareness, Inc., +1-847-945-2222, or ; both for Saflink
Corporation Web site: http://www.saflink.com/
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