Posted by Terrence DeFranco on Wed, Aug 01, 2007 @ 07:06 AM
Bethlehem, Pa.
Edentify Inc. (OTC BB: EDFY), a leading provider of identity management and fraud detection solutions, today announced a new partnership with FNB Merchants, and their patented authentication software solutions. Under the terms of the agreement, Edentify will incorporate its proprietary IDAlert™ identity fraud monitoring software into FNBM’s four-service (education, monitoring, insurance, recovery) identity theft protection program. This partnership brings Edentify’s technology to FNBM’s client financial institutions nationwide. In addition, FNBM will replace its recovery service with Edentify partner National ID Recovery’s (NIDR) advanced remediation tool. The combination of these two potent technology services further strengthens FNBM's identity theft protection program, and improves FNBM’s recovery process.
“We are very excited to enter into this partnership with FNB Merchants as it will make Edentify’s flagship consumer IDAlert™ product available through their extensive national financial institution client base,” says Terrence DeFranco, CEO of Edentify. “Additionally, FNBM has an outstanding reputation for being on the cutting edge in providing its card service clients best of breed technology solutions and we are very pleased to be incorporated into their product suite. This relationship allows Edentify to position itself with an outstanding partner with unique distribution channels, and it is a demonstration of the flexibility of our robust IDAlert™ product.”
Now, FNBM will offer banks and financial institutions nationwide Edentify’s IDAlert™ as the fifth part of their identity theft protection program. Clients will use the technology to set a baseline identity score for their customers. IDAlert™ will then compare customers’ identity data and activity to the baseline scores regularly to detect manipulation and theft.
This lets FNBM clients discover identity theft within 30 days of its occurrence, and begin remediation immediately. FNBM will also offer its staff IDAlert™ as an employee benefit to enhance their identity theft protection.
“Working with Edentify, and their partner National ID Recovery, increases the appeal of FNB Merchants’ offerings to financial institutions around the country,” says Bryan Ansley, CEO of FNB Merchants. “With one deal, we expand our multi-part approach to ID protection with world-class ID monitoring through Edentify’s IDAlert™, and the most advanced remediation services through National ID Recovery.”
FNB Merchants’ identity theft protection program also includes education, credit monitoring, and insurance. FNBM conducts seminars at banks and community centers to teach the financial institution customers about identity theft protection. The company also offers clients’ customers access to their credit information so they can check for fraudulent charges. Lastly, FNBM offers insurance policies to reimburse identity theft victims’ expenses.
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT FNB MERCHANTS
Offering a suite of services to include Credit Card Processing, Credit Card Issuing, Fraud Prevention and ID Theft Protection programs principally to financial institutions, FNB Merchants distributes programs throughout the U.S. With end users numbering in the millions and encompassing all 50 states FNB Merchants is the premier provider in their field.
ABOUT NATIONAL ID RECOVERY
National ID Recovery, LLC (NIDR) was formed in April 2004, NIDR is a technology driven company providing the most complete managed identity theft recovery solutions available. Through customized solutions, NIDR provides the tools necessary to fully recover a person’s identity no matter how, when or where the identity was compromised. With a 100% managed recovery rate, NIDR is a valued solutions partner to Fortune 1000 corporations, large organizations, and financial institutions. National ID Recovery, LLC is a privately held company with extensive experience in identity theft, security, information technology, management, and compliance based in Norcross, GA. For more information please call (877) 253-0100 or visit us at www.nationalidrecovery.com.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
(610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
(610) 814-6830
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Wed, Jul 18, 2007 @ 07:11 AM
Bethlehem, Pa.
Edentify Inc. (OTC BB: EDFY.OB), a leading provider of identity management and data analysis solutions, today announced its cross marketing and referral agreement with Resource One, a technology solutions provider headquarted in Columbus, Ohio. Under the terms of the agreement, Resource One will market Edentify’s IDScreen™ software to its clients, which include some of the largest hospital networks nationwide, as an added layer of company security protection. With this technology, hospitals can measure employees’ and enrollees’ identity fraud risk, and prevent the devastating effects that fraud can inflict on their organization. Resource One will also market each of Edentify’s solutions to its retail and financial clients. At the same time, Edentify will market Resource One’s DeviceWall technology to its customers as a solution for protecting corporate and personal databases from intrusion and theft.
“We are delighted to have the opportunity to work with such a respected partner and demonstrate how our solutions can be applied to yet another business vertical – the health care field,” says Terrence DeFranco, CEO of Edentify. “This agreement with Resource One opens new and profitable avenues for us in the hospital and medical field while also giving us access to new banking and retail clients. What is equally exciting about this deal is that it allows us to provide our existing customers with new cutting edge solutions from Resource One, which further enhances our revenue potential. Overall, this agreement expands each company’s reach into new and existing markets, and gives Edentify an opportunity to advance its solutions to help address the alarming growth rate of health care-related fraud. ”
In connection with this agreement, Resource One customers will have the option to use Edentify’s IDScreen™ to increase organizations’ identity security. It measures employees and enrollees’ identity fraud risk, and verifies identity authenticity in real time. This helps prevent fraudulent activity. In Addition, Edentify’s customers can use Resource One’s DeviceWall to protect their databases from misuse.
Resource One is a preferred distributor of DeviceWall, a security solution that helps medical, financial, and retail companies protect removable media devices, such as USB flash drives, iPods, PDAs, memory cards, and internal CD/DVD writers. DeviceWall also serves as a barrier to prevent individuals from plugging into network USB ports to access, download, or alter customer or patient data.
“By partnering with Edentify and agreeing to market their solutions, our clients now have access to powerful security tools that verify individuals’ identities and increase organizational security,” says Bill Martin, President of Resource One. “This agreement also gives Resource One exposure to new clients in the financial and banking field. The combination of these solutions helps our mutual clients take proactive steps to stop identity and data theft from occurring.”
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT RESOURCE ONE
Established in 1991, Resource One is an information technology company with exceptional certified expertise dedicated to providing comprehensive technology lifecycle management services. Resource One’s portfolio of services includes: consulting, deployment, infrastructure support, integration, security solutions and supply chain management. For more information on Resource One, visit the company’s web site at www.rocs.com.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
(610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
(610) 814-6830
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Tue, Jul 17, 2007 @ 07:15 AM
Bethlehem, Pa.
Edentify Inc. (OTC BB: EDFY), a leading provider of identity management solutions, today announced it has entered into a joint venture with American Operations Corporation (AOC), a General Services Administration (GSA)-approved provider of consulting services to federal government contractors and the federal government. AOC and Edentify have formed a new company—AOC Edentify Services, LLC (“AOC Edentify Services”) that will compete for identity management contracts, and provide identity management solutions to federal government agencies. AOC’s interest in the joint venture company, at present, is 90 percent and Edentify’s is 10 percent; however, Edentify has an option to acquire up to a 49 percent total interest in the joint venture company. In addition, Edentify has exclusive rights as a provider of identity management solutions to AOC Edentify Services for any bids for contracts within the federal government sector.
“Strong identity management is at the core of tight national security and privacy,” says Terrence DeFranco, CEO of Edentify. “Terrorism threats are at an all-time high, and criminals are becoming more sophisticated every day in their efforts to penetrate and devastate our country’s financial, identity, and security systems. Our new venture with AOC places Edentify at the heart of significant and widespread government activity in the field of identity verification and management. These activities are in support of many national security initiatives, including Homeland Security Presidential Directive No. 12 (HSPD-12). Through the solutions to be provided by AOC Edentify Services, we can assist the government in better safeguarding our nation’s citizens and defeating identity fraud, while also expanding Edentify’s entry into the federal sector and other new verticals.”
The formation of AOC Edentify Services, the headquarters of which will be located in Chantilly, Va., implements the capture plan developed by AOC in the first phase of the collaborative initiative between AOC and Edentify that began last August. The venture will use AOC’s proven expertise and services to draft proposals and secure contracts with various government organizations. The proposals will offer governmental agencies all of Edentify’s identity risk management technologies (IDAssess, IDScreen, and IDAlert) and tools from other vendors, including data aggregators, credit bureaus, authentication service companies, and biometric companies. As part of successful bids, AOC Edentify Services will utilize these tools to build a total identity management solution for those agencies.
“AOC has proven over the years to be a strong performer in the federal arena in the areas of program management and total solutions IT services,” states L. Frank Field, CEO of AOC. “When you combine AOC’s government presence on very important strategic programs with Edentify’s sophisticated identity management technology, AOC Edentify Services, LLC will have the leading edge to secure top identity management contracts in the government space. With this venture, AOC now has the expertise and tools to enter the identity management space in the federal sector, and give the government sophisticated solutions that will support Homeland Security programs.”
AOC is a prime contractor for several Homeland Security contracts, including the large Eagle IDIQ Contract. The company holds two GSA Schedules, including Management, Organizational, and Business Improvement Services (MOBIS) and GSA schedule 70 IT services contracts.
The executive team for AOC Edentify Services is led by Mr. Field, serving as Chairman and Chief Executive Officer and Mr. John E. Gorman, holding the position of President. They are joined by Mr. DeFranco, of Edentify, and Mr. Ernie Christensen, who is also a member of Edentify’s Advisory Board, to form the partnership’s Board of Governors.
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT AMERICAN OPERATIONS CORPORATION
Founded in 1983, AOC provides consulting services to Federal contractors and the Federal Government. In addition, AOC is a veteran-owned small business Federal contractor providing services through its operating subsidiaries. AOC employs 180 in-house professionals supplemented by more than 100 subject matter expert associates. AOC is certified as a small business under SIC 8744/8742 and NAICS 541613, 561210, 517310, 517110, and 541618. AOC consulting services include advance marketing, strategic support, third party performance assessments, performance-based contracting, and bid and proposal services. Government services include program management, information technology, energy and the environment, infrastructure, and A-76 conversion programs. (www.aocwins.com)
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
(610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
610) 814-6830
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Tue, Jun 12, 2007 @ 07:39 AM
Bethlehem, Pa.
Edentify Inc. (OTC BB: EDFY.OB), a leading provider of identity management and fraud detection solutions, today announced it has entered a strategic alliance with Intelligent Wave USA, a subsidiary of Intelligent Wave Inc. (JASDAQ: 4847), global provider of software solutions for Management of the Insider Threat. Under the agreement, Intelligent Wave USA and Edentify, Inc. will cross-market their products: Edentify’s proprietary risk assessment technologies—IDAssess™, IDScreen™ and IDAlert™ and Intelligent Wave USA, Inc’s Insider Threat Management software solution, CWAT, that detects and stops, in real time, the unauthorized transfer of digital assets to protect Intellectual Property and non-public private information. When implemented together, these complementary systems will provide over 600 customers, including many with international reach, with a comprehensive platform for protecting data and identity information, and preventing digital asset extrusion.
“Intelligent Wave’s focus on data security, coupled with our expertise in identity protection, will fully guard against the damage caused by fraud, data breaches, and credit losses for financial institutions around the world,” says Terrence DeFranco, CEO of Edentify. “Thanks to our strategic marketing alliance with Intelligent Wave USA, we are better positioned to reach and convert customers seeking superior levels of operational security. This strong customer value will translate into continued growth and profit for Edentify, and put us another step closer to realizing the full potential of our marketing efforts.”
Intelligent Wave USA will now bring Edentify’s unique screening and risk score technology to its client roster that includes hundreds of major global institutions. The complete software package will detect, prevent, and monitor ID fraud and theft in three steps:
1. IDAssess™ performs a complete scan of clients’ existing database of customers, and provides the risk score associated with each customer’s identity.
2. IDScreen™ verifies the identity of every new customer before the organization accepts the applicant for business.
3. IDAlert™ continuously monitors the risk score of existing customers, and alerts the institution if any changes occur.
In addition, Edentify’s customers will benefit from access to Intelligent Wave USA’s CWAT (Cyber-crime, Warning, Alert, Termination). This multi-dimensional security system monitors and controls networks and terminals for unauthorized movement of critical data and other digital assets. They can also use the CWAT-compatible Cstick Series—USB memory sticks that offer encryption, logging, and anti-virus features—for additional security.
“CWAT customers save millions of dollars – and sometimes billions of dollars in stock valuation – by avoiding embarrassing leaks of confidential intellectual property and non-public information that can damage their stock price and customer relationships,” says Mr. Kazuhiko Adachi, Founder and Chairman of Intelligent Wave Inc. and Chairman & President of Intelligent Wave USA, Inc. “Now with Edentify as our partner, our software solutions are even more robust and we can expand to a wider customer base, helping many more organizations prevent critical data and information losses.”
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT INTELLIGENT WAVE USA
Intelligent Wave Inc is a profitable software company with continuous revenue growth since its founding in December 1984, with $66 million in sales and 250 employees. Headquartered in Tokyo, U.S. operations are run by a wholly owned subsidiary, Intelligent Wave USA with a head office in Manhattan. The company is publicly listed on the Tokyo JASDAQ market and specializes in retail banking online systems and credit card fraud prevention. Last years Intelligent Wave Inc became a global leader in providing Comprehensive Insider Threat Management Software Solution called CWAT. CWAT distributors now include Fujitsu Limited, Mitsubishi Electric Corporation, NEC Corporation, Oki Electric Industry Co., Ltd., NTT Group, and Hewlett-Packard Japan. IWI's U.S. technology partners and distributorships include RSA Security Inc., Cross Current, APPTIS, iGATE, Priva Technologies, Inc, Syscom, Seeknet USA… http://www.iwiusa.com/
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
(610) 814-6830 <
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Wed, May 23, 2007 @ 07:44 AM
Bethlehem, Pa.
Edentify Inc. (OTC BB: EDFY.OB), a leading provider of identity management and fraud detection solutions, today announced its partnership with eDominate Inc., a global provider of buying-cycle management software for financial institutions. Edentify’s IDScreen™ identity fraud detection solutions will now be used with eDominate’s Loan Origination System Plus (LOS+) and eCommerce Management (eCM) products to verify and monitor loan applicants’ identities at eDominate’s customer banks, credit unions, and finance companies. The partnership brings Edentify’s technology to the online lending market for the first time.
“Our agreement with eDominate launches us into the enormous loan origination field, where previously we had no presence,” says Terrence DeFranco, CEO of Edentify, in Bethlehem, Pa. “Now we have exposure to hundreds of blue-chip financial institutions potentially using our identity fraud solutions. From a standing start, we instantly have a solid footing in this new industry from which we can continue to expand. Moreover, this partnership gives eDominate’s customers a powerful tool to ensure the validity of their loan applicants’ identities.”
Edentify’s IDScreen™ solution vets applicants’ information in real time, and measures their level of identity risk as high, medium, or low. This lets eDominate’s customers investigate suspicious identities before approving applicants for a loan, and prevents fraudulent activity. eDominate can also offer its customers Edentify’s IDAlert™ solution, which monitors identity activity every 30 days, and notifies them when identities have been breached. Each time an eDominate customer opens a loan, it puts the IDScreen™ and IDAlert™ solutions in motion, generating revenue for Edentify.
“Edentify’s identity protection features are the best we’ve seen in the industry,” said Michael Jones, VP of Business Development at eDominate, in Phoenix, Az. “We are thrilled to bring their technology into our lending products, securing a critical piece of the buying-cycle management process: identity validation and fraud prevention at the start of any new financial relationship. For our online lending customers, eDominate’s product suite now provides the unique advantages of marketing, originating, and cross-selling loans in the most secure and regulatory-compliant system available.”
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT EDOMINATE
eDominate, Inc. (“eDominate”) is a global provider of buying-cycle management software for financial institutions. eDominate’s Internet solutions include research and evaluation tools for customers, loan marketing and education, loan origination, secure online communications, individualized customer cross-sales, and business-partner promotion features. Banks, credit unions, and finance companies use eDominate software to extend their native lending cycles into more profitable buying-cycles — leveraging greater customer service and sales opportunities to dominate their markets. eDominate’s software can be delivered internationally and customized to accommodate almost any banking or lending processes online. For more information, please visit www.eDominate.com.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
(610) 814-6830
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Wed, May 16, 2007 @ 07:51 AM
Bethlehem, Pa.
Edentify Inc. (OTC BB: EDFY.OB), a leading provider of identity management and fraud detection solutions, today announced its partnership with General Information Services, Inc. (GIS), one of the largest human resources-solution providers in the country. Edentify will bundle its suite of identity fraud prevention solutions—including IDAssess, IDScreen, and IDAlert—with GIS’s portfolio of employment screening services, giving its clients broader employee screening capabilities. Edentify now has the opportunity to deliver its technology to GIS’s nationwide customer base of over 4,000 major corporations. This customer base includes financial institutions, retail stores, insurance companies and many Fortune 500 companies. Likewise, GIS customers will have access to a robust identity fraud detection solution to conduct better background checks on current and prospective employees.
“We are very pleased to enter into this milestone relationship with such a respected partner. This potentially lucrative opportunity further validates the value of our solutions in various lines of business where identity credentialing is seen as a vulnerability,” says Terrence DeFranco, CEO of Edentify. “It’s not every day we secure the opportunity to bring our identity fraud prevention solution to some of the largest corporations in the U S. This partnership gives us access and exposure to new markets to fuel continued growth, and provides GIS an essential component to enhance their employment screening services.”
GIS offers its customers pre-employment screening, security and loss prevention services and a complete suite of Hiring Management Systems and Products. (Applicant Tracking Systems, I9 and Employee Eligability products, Tax eligibility and processing services, Onboarding as well as products which reduce employee turnover). Now it will add Edentify’s technology to its offering. With IDAssess, GIS customers can review and verify the identity of literally thousands of employees in up to two days. Edentify’s IDScreen solution helps GIS customers examine the identity of their employees in real time, which prevents potentially fraudulent activity before it occurs by verifying that the employee’s identity matches the person using it.
The last component, IDAlert, notifies GIS employees when their identity has been breached, and monitors their identity every 30 days until fraudulent activity is detected. GIS clients can offer the IDAlert solution to their employees as a company benefit.
“Edentify’s cutting-edge technology enhances our identity fraud offerings, and differentiates us from our competition,” says Raymond Conrad, CEO of GIS, Inc. “Combining Edentify’s solution with our own background screening solutions gives us the tools to attract and close new business. We can now offer our clients a much broader background screening capability that will help them dig deeper into individuals’ backgrounds, and ensure they haven’t manipulated someone else’s identity to gain employment.”
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT GENERAL INFORMATION SERVICES, INC.
General Information Services, Inc. (GIS) (www.geninfo.com), one of the first background investigation providers in the country, has provided workforce management and identity verification solutions since 1966. GIS is trusted by thousands of customers nationwide, from small business to Fortune 100 companies. GIS is headquartered in Chapin, South Carolina and offers service in all 50 states.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
(610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
(610) 814-6830
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Thu, May 03, 2007 @ 07:56 AM
BETHLEHEM, Pa. and SUNRISE, Fla.
Edentify Inc. (OTC BB: EDFY.OB), a leading provider of identity management solutions, and Legal Club Financial Corporation, a nationwide leader in marketing products and services direct to consumers, have teamed up to provide Legal Club of America agents and nationwide distribution partners with Edentify’s technology for exposing and preventing ID theft and fraud. Legal Club, which markets through the nation’s largest insurance carriers, benefit consultants, financial institutions and worksite marketing companies, will now offer Edentify’s IDScreen™ and IDAlert™ programs as an ongoing service to help protect individuals and corporate employees’ identities, and facilitate and reduce members’ own remediation processes. (Edentify’s RSS news feed: http://snipurl.com/EdentifyRSS.)
“Companies nationwide have been forced to scale back their traditional health care benefits, and are seeking to cushion the blow by adding other cost-effective and meaningful benefits through organizations like Legal Club,” says Terrence DeFranco, CEO of Edentify. “Edentify clearly fills that void for Legal Club members with its state-of-the-art IDAlert™ and IDScreen™ products, which provide strong identity fraud protection and monitoring, and augment the existing menu of Legal Club services. We’re excited to help Legal Club members deepen their commitment to customer care and increase participant value, while also maximizing Edentify’s revenue potential in this new channel.”
Edentify uses their proprietary pattern recognition software, which compares customers’ information against 2.1 billion identity records, to pinpoint any inconsistent data—a signal of potential identity theft or manipulation. The technology assesses each identity’s risk level—low, medium, or high—and returns the results to Legal Club members and their customers.
IDAlert™ works in tandem with IDScreen™, alerting customers to high consumer risk levels to give member organizations the best chance of mitigating any damage to customer accounts. This robust monitoring capability ultimately provides Legal Club customers with constant protection against identity fraud, and helps prevent its destructive effects at its earliest stage.
“Edentify’s identity monitoring lets our members and their customers be proactive rather than reactive, and catch identity takeovers as soon as they occur,” says Brett Merl, CEO of Legal Club of America. “Such quick, efficient problem resolution will help our entire network reduce remediation costs, and keep that much more in the consumers’ pockets. We look forward to delivering Edentify’s valuable benefits to our customers, and continuing our expansion across corporate America.”
ABOUT EDENTIFY
Edentify, Inc. ("Edentify") was formed in August 2004 with the objective of becoming the leading organization in the field of developing and deploying data analysis technology solutions for preventing identity theft and fraud. It is currently a later-stage development company and expects shortly to begin a period of increased growth. Edentify will seek to fulfill its goals by analyzing the means by which identity crimes are perpetrated and through the development of new technologies and procedures to assist corporations, the government and consumers in the fight against identity fraud and related crime.
ABOUT LEGAL CLUB OF AMERICA
Legal Club of America® is a nationwide leader in marketing products and services direct to consumers and to employees at the workplace. Legal Club of America has been successfully marketing a nationwide discount legal referral program for over ten years through an extensive network of insurance carriers, consultants, financial institutions, labor unions, associations and independent insurance agents. Their programs provide individuals and small business owners with a variety of free and deeply discounted legal, tax, financial, identity theft and personal counseling related services from a network of over 20,000 qualified professionals throughout all 50 states, Puerto Rico, and the US Virgin Islands. More information about the Company can be found at www.legalclub.com.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
610) 814-6830
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Thu, Apr 12, 2007 @ 08:05 AM
BETHLEHEM, Pa.
Edentify Inc. (OTC BB: EDFY.OB), a leading provider of identity management and fraud detection solutions, today announced its IDAlert™ technology is now included in National ID Recovery’s (NIDR) proprietary data breach solution. Now NIDR’s customers have access to the latest and most state-of-the-art identity fraud protection solution, Edentify’s IDAlert™, which monitors customers’ identities for fraudulent activity.
“The recent TJ Maxx security breach puts in perspective just how big a problem credit card and data theft has become for consumers, retailers and businesses, and what an even bigger problem it causes when it’s not detected early,” says Terrence DeFranco, CEO of Edentify. “This new solution that National ID Recovery is rolling out is the most proactive solution on the market for remedying the effects of a breach because it scans more broadly and deeply. Our robust IDAlert™ technology warns victims when their identity has been stolen, and helps them mitigate any damage to their assets and personal information. Edentify’s partnership with NIDR, not only holds great revenue potential for the company, but also presents an opportunity to take direct aim at ending the national crisis of data and security breaches when the issue is hot.”
NIDR is a Georgia-based company that provides low-cost ID recovery plans to individual subscribers. In addition, NIDR engages in strategic partnerships and affiliations with companies, organizations, agencies, consumer advocates, and contacts throughout education, government, technology, and law enforcement.
Here’s how the partnership between Edentify and NIDR works:
• Individuals or businesses sign a contract with NIDR for its fraud protection services.
• If an NIDR customer’s identity is stolen, NIDR notifies the victim, and gives them a toll-free number to help resolve the breach.
• Edentify’s IDAlert™ monitors the victim’s name and Social Security number to determine whether their identity has been comprised.
• If no criminal activity is detected, IDAlert™ reruns the victim’s identity every 30 days for the length of their NIDR contract, or until criminal activity occurs.
“We all know that the perfect solution is one that stamps out identity theft completely,” says Ron Logan, CEO of NIDR. “But, short of that, catching criminals before they can cause real harm to our customers’ assets is the next best thing. IDAlert™ has the broadest reach in terms of its ability to protect our customers’ identities, giving them the peace of mind to know their information is always protected.”
ABOUT EDENTIFY
Edentify, Inc. (http://www.edentify.us) is one of the leading organizations dedicated to developing and deploying technology solutions utilized in preventing identity theft and fraud. Edentify has intellectual property rights to two solutions aimed at detecting and preventing identity fraud. The first is a patented information-based solution that analyzes identity information of individuals in large corporate and government databases, and is capable of detecting and scoring incidents of identity manipulation and potential fraud (Identity Quotient Index™). The second intellectual property is a unique biometric solution (technology-based solution) marketed through the company’s wholly-owned subsidiary, InMotion Biometrics, Inc. (“IMB”), that combines face and voice recognition technologies for authenticating the identity of an individual. Edentify sells its solutions directly, and through channel partners in the financial services, healthcare, and government sectors. Future plans include the development of an integrated product that combines our information-based ID manipulation detection capability with IMB’s biometric technology, thereby enabling more accurate enrollment and, subsequently, a more reliable identity protection system.
ABOUT NATIONAL ID RECOVERY
National ID Recovery, LLC (NIDR) was formed in April 2004, NIDR is a technology driven company providing the most complete managed identity theft recovery solutions available. Through customized solutions, NIDR provides the tools necessary to fully recover a person’s identity no matter how, when or where the identity was compromised. With a 100% managed recovery rate, NIDR is a valued solutions partner to Fortune 1000 corporations, large organizations, and financial institutions. National ID Recovery, LLC is a privately held company with extensive experience in identity theft, security, information technology, management, and compliance based in Norcross, GA. For more information please call (877) 253-0100 or visit us at www.nationalidrecovery.com.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
(610) 814-6830
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Mon, Apr 02, 2007 @ 08:11 AM
Bethlehem, PA and Newark, NJ
Edentify Inc. (OTC BB: EDFY), a leading provider of identity management solutions, is embarking on the second phase of its identity fraud research partnership with the New Jersey Institute of Technology (NJIT). This semester, a three-student computer science team in NJIT’s Capstone Program is identifying vulnerabilities in current identity security systems, and conceptualizing solutions to resolve weaknesses. Two Edentify executives are providing direction and oversight to the students’ research and development efforts. The research partnership supplies Edentify with young talent and a new perspective on the identity fraud problem, while supporting the company’s vital research and development efforts. (Edentify’s RSS news feed: http://snipurl.com/EdentifyRSS.)
“This semester’s Capstone brings us fresh ideas, creativity, and analysis surrounding the industry’s current solutions to identity fraud,” says Terrence DeFranco, CEO of Edentify in Bethlehem, Pa. “The industry is constantly evolving. Without ongoing research and development, companies quickly become stagnant. By leveraging the very technical and highly qualified research and development efforts of the students in the Capstone Program, our company can stay on the cutting-edge of developing industry-standard solutions that provide enhanced security for all areas of identity usage, including national security, banking, retail, and health care. We want to move the students’ ideas and innovation out of the lab and eventually into production of an enhanced Edentify product.”
The first phase of the partnership took place over spring and fall semesters last year. A different team of students identified all types of identity-related security measures, including authentication, verification, anti-identity theft, and more. They then researched and developed a market survey that compared the top identity security solutions on factors such as deployment, cost, effectiveness, and industry.
This semester’s student team is analyzing the survey results, hypothesizing where gaps exist in current solutions, and developing conceptual designs to potentially resolve the issues. They are working with Edentify’s Joseph Hidalgo, Vice President of Product Development, and John Ellingson, Director of Government Services, who regularly review the students’ progress and plan the next research step. Hidalgo and Ellingson also provide the students with expert industry knowledge and direction to keep them focused, and maximize their learning experience in the short timeframe. If the discoveries are compelling, Edentify aims to incorporate them into its identity theft and fraud prevention tool.
In the third phase of the project, beginning this fall, a new team of students will design, build, and implement a software product that addresses the issues raised by this semester’s students. Edentify is also working with NJIT to develop a curriculum and course in Identity Security.
“Our partnership with Edentify is going strong,” says Osama Eljabiri, Special Lecturer and Director of the Capstone Program at NJIT. “The students’ passion for improving identity theft and fraud prevention is clearly evident in their progress so far. The project follows actual software design, development, project management, and application, so their findings have real-world application. Some of the best solutions for the Microsofts of the world started in college research settings such as NJIT’s, so it’s certainly possible these students might be on the cusp of groundbreaking discoveries.”
Nationally recognized for its computer science and mathematical engineering programs, NJIT started the Capstone Program in fall 2002. Each semester, graduating seniors majoring in computer science participate in an ongoing research project to develop, design, and implement software and computing solutions to solve real-world business problems, such as identity fraud. In addition to Edentify, NJIT has worked with more than 91 sponsor companies, including six Fortune 500 companies.
ABOUT EDENTIFY
Edentify, Inc. (http://www.edentify.us) is one of the leading organizations dedicated to developing and deploying technology solutions utilized in preventing identity theft and fraud. Edentify has intellectual property rights to two solutions aimed at detecting and preventing identity fraud. The first is a patented information-based solution that analyzes identity information of individuals in large corporate and government databases, and is capable of detecting and scoring incidents of identity manipulation and potential fraud (Identity Quotient Index™). The second intellectual property is a unique biometric solution (technology-based solution) marketed through the company’s wholly-owned subsidiary, InMotion Biometrics, Inc. (“IMB”), that combines face and voice recognition technologies for authenticating the identity of an individual. Edentify sells its solutions directly, and through channel partners in the financial services, healthcare, and government sectors. Future plans include the development of an integrated product that combines our information-based ID manipulation detection capability with IMB’s biometric technology, thereby enabling more accurate enrollment and, subsequently, a more reliable identity protection system.
ABOUT NEW JERSEY INSTITUTE OF TECHNOLOGY
New Jersey Institute of Technology, the state's public technological research university, enrolls more than 8,100 students in bachelor's, master's and doctoral degrees in 100 degree programs offered by six colleges: Newark College of Engineering, New Jersey School of Architecture, College of Science and Liberal Arts, School of Management, Albert Dorman Honors College and College of Computing Sciences. NJIT is renowned for expertise in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering, and eLearning. In 2006, Princeton Review named NJIT among the nation’s top 25 campuses for technology recognizing the university’s tradition of research and learning at the edge in knowledge. http://www.njit.edu.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
(610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
610) 814-6830
Email: TmDefranco@Edentify.us
Posted by Terrence DeFranco on Tue, Feb 06, 2007 @ 08:18 AM
BETHLEHEM, Pa. and SCHAUMBURG, Ill.
Edentify Inc. (OTC BB: EDFY), a leading provider of identity management solutions, today announced it has completed the acquisition of Zelcom Group, a privately-held provider of data analytics solutions. Zelcom will operate as a wholly owned subsidiary of Edentify. Financial terms of the deal were not disclosed. (Edentify’s RSS news feed: http://snipurl.com/EdentifyRSS.)
The acquisition adds Zelcom’s advanced data analysis service to Edentify’s portfolio of identity theft and fraud prevention products, IDAssess, IDScreen, and IDAlert. The data analysis service makes Edentify’s Identity Quotient Index risk scoring technology more robust, further developing the company’s products into cutting-edge identity fraud detection and prevention tools. The acquisition also enables Edentify to target Zelcom’s customers, which includes top mortgage firms such as Aegis Mortgage of Houston, TX.
“The acquisition of Zelcom is an important milestone for Edentify,” says Terrence DeFranco, CEO of Edentify. “The deal marries our product development organization with their professional services organization, providing sophisticated resources we can use to further develop our risk assessment technology, and will increase our revenue. This acquisition also allows Edentify to secure new opportunities to market to the mortgage industry—a profitable target for our business as incidences of mortgage fraud increase. By gaining Zelcom’s expert perspective, technological resources, and customer relationships in the data analysis and mortgage industries, Edentify continues to take important steps toward becoming a leading authority in identity fraud prevention.”
Zelcom develops customizable data analysis technology to give mortgage firms, banks, and other financial institutions keen insight into their marketing effectiveness, operational performance, and customer preferences. The company uses a range of state-of-the-art statistical analysis techniques to scrutinize clients’ marketing, sales, and customer data. The analysis results show clients where they’re spending their capital, and where and how they should spend it for maximum profitability. Zelcom is headquartered in Schaumburg, Ill., with affiliates in Chennai, India, and Toronto, Canada.
In addition to providing analytical support for Edentify, Zelcom will continue to pursue goals outlined in its business plan, including increasing its global presence and adding revenue opportunities to advise both companies’ clients on all areas related to identity management. Zelcom’s current management will stay in place, and the company will continue operations from Schaumburg, Ill.
“Our deal with Edentify unlocks a lot of growth potential for Zelcom that the company couldn’t have realized without Edentify’s help,” says Rob Zelikson, CEO and co-founder of Zelcom Group. “It’s challenging for a young, professional services company such as Zelcom to grow organically. We believe Edentify’s acquisition provides us with the capital resources necessary to enable us to quickly move our business forward, and convert potential business into new customers and revenue.”
ABOUT EDENTIFY
Edentify, Inc. (http://www.edentify.us) is one of the leading organizations dedicated to developing and deploying technology solutions utilized in preventing identity theft and fraud. Edentify has intellectual property rights to two solutions aimed at detecting and preventing identity fraud. The first is a patented information-based solution that analyzes identity information of individuals in large corporate and government databases, and is capable of detecting and scoring incidents of identity manipulation and potential fraud (Identity Quotient Index™). The second intellectual property is a unique biometric solution (technology-based solution) marketed through the company’s wholly-owned subsidiary, InMotion Biometrics, Inc. (“IMB”), that combines face and voice recognition technologies for authenticating the identity of an individual. Edentify sells its solutions directly, and through channel partners in the financial services, healthcare, and government sectors. Future plans include the development of an integrated product that combines our information-based ID manipulation detection capability with IMB’s biometric technology, thereby enabling more accurate enrollment and, subsequently, a more reliable identity protection system.
ABOUT ZELCOM GROUP
Zelcom Group is a global company dedicated to improving our client’s business performance by helping them institutionalize analytics. Through our principals and advisors, Zelcom Group has over 100 years of practical experience in developing state of the art analytic solutions and customizing these solutions to fit into almost any operating environment. We recruit top notch analytic talent from Canada, India, and the United States. Drawing from this experienced and diverse pool of talent, we deliver leading edge solutions to our clients that improve operational, marketing, and risk management effectiveness. The methods we employ range from simple to state-of-art statistical data mining techniques including, segmentation, chi-square analysis, logistic regression, and neural net modeling.
Zelcom Group is headquartered in Chicago, with supporting locations in Chennai, India and Toronto, Canada. Our global presence provides the flexibility to match the urgency of any client request in the most cost effective manner; U.S. based professionals are available to address urgent client requests and provide on-site consultative support. Our locations in Canada and India allow us to provide longer-term support with top notch talent while maintaining cost effectiveness.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in Edentify’s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. Edentify undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Press Contact:
Mike Lizun
Gregory FCA
(610) 642-8253
Email: Mike@GregoryFCA.com
Corporate Contact:
Terrence DeFranco
Edentify, Inc.
(610) 814-6830
Email: TmDefranco@Edentify.us