Attached files
| file | filename |
|---|---|
| 8-K - Intellicheck, Inc. | v204995_8k.htm |
Exhibit
99.1
FOR
IMMEDIATE RELEASE
Intellicheck
Mobilisa, Inc. Contact:
The
Investor Relations Group
James
Carbonara, 212-825-3210
Intellicheck
Mobilisa and Eid Passport Jointly Announce Settlement of Lawsuit
Port
Townsend, Washington and Portland, Oregon- December 8, 2010 -Intellicheck
Mobilisa, Inc. (NYSE Amex: IDN) and Eid Passport, Inc. today announced the
settlement of the federal antitrust and false advertising lawsuit that Eid
Passport brought against Intellicheck Mobilisa in late 2009. Although
specific terms of the settlement are confidential, the parties agreed that the
following information about the settlement could be made public:
1. Intellicheck
Mobilisa has agreed to assure Eid Passport the availability of the drivers’
license parsing software that Eid Passport previously had
licensed from Positive Access Corporation. Positive Access
Corporation is a wholly owned subsidiary of Intellicheck Mobilisa.
2. All
claims in the lawsuit are being dismissed with prejudice; each party is bearing
its own costs and attorneys fees; the parties are mutually releasing all claims
against one another relating to the lawsuit up to the effective date of the
Settlement Agreement; and neither party has admitted any wrong-doing or any
validity to any of the allegations made against it in the lawsuit.
3. In
connection with the settlement, neither party is making any payment to the
other.