ICBS acquires 50% interest in Identascan Corporation

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 project funding.

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. Li Liu.

Dr.Liu holds Post-doctoral Fellowships in Bioresource Engineering ,  Mathematics, a Ph D. in Computer Science, and  a B.Sc. in Computer Science.

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

TELEPHONE: 514-932-4402

www.icbs.ca

www.identascan.com

Profil de l'entreprise

Inter Canadian Business Service

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