NEW YORK and MONTREAL, Jan. 18 /CNW Telbec/ - ICBS Ltd., (OTCPK: ICBT) announced that it has acquire a 50% stake in the Identascan
Corporation. ICBS will be providing business consulting along with
Identascan Corporation headed by Dr. Li Liu who is in the process of
developing a computer program that will allow the identification of
individuals by their body movements. "Each individual's body movement
is as personal as their fingerprint", said Identascan's President Dr.
Dr.Liu holds Post-doctoral Fellowships in Bioresource Engineering ,
Mathematics, a Ph D. in Computer Science, and a B.Sc. in Computer
Identascan's program will allow surveillance in such places as airports
and crowded walkways to identify an individual in a crowd even if only
40% of their body mass is visible. The program which also incorporates
Artificial Intelligence along with proprietary identification and
scanning technologies will start testing within the next few months.
"This is a very exciting project for us" stated ICBS's President Garth
McIntosh, " we expect to take advantage of the Canadian government
scientific grant programs to aid in the development of Identascan"
Legal Notice Regarding Forward-Looking Statements:
Safe Harbour: This press release contains forward-looking information
within the meaning of section 27A of the Securities Act of 1933 and
section 21E of the Securities Exchange Act of 1934 and is subject to
the Safe Harbour created by those sections. This material contains
statements about expected future events and/or financial results that
are forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of ICBS Limited, to be materially different
from the statements made herein.
SOURCE Inter Canadian Business Service
For further information:
SOURCE: ICBS Limited.
CONTACT: Garth McIntosh, President & CEO