Bioscrypt Inc. Completes Purchase of Biometric Identification, Inc.

Apr 18, 2001, 01:00 ET from Bioscrypt Inc.

    TORONTO, April 18 /PRNewswire/ - Bioscrypt Inc. (TSE:MYT), formerly Mytec
 Technologies Inc., a leading provider of biometric authentication solutions,
 today announced the completion of its acquisition of Biometric Identification,
 Inc. ("BII").
     BII will carry on operations as a wholly owned subsidiary of Bioscrypt
 Inc. in Sherman Oaks, California.  At closing, Bioscrypt Inc. issued 9,266,992
 common shares.  In accordance with the merger agreement, Bioscrypt Inc. may be
 required to pay additional consideration within sixty days of the closing.
     "We are thrilled to welcome BII's valued employees to the Bioscrypt
 family," said Bioscrypt Inc. President and CEO, Pierre Donaldson. "We share a
 vision of the future of biometric secured solutions for individuals and
 companies alike and how we can provide the biometric solutions needed to
 succeed in an increasingly mobile and security conscious economy."
     Bioscrypt Inc. will continue to develop, market, sell and support the
 biometric physical access VeriSeries product line; VeriProx, VeriFlex, V-Pass
 and V2100, under the Bioscrypt and Bioscrypt on Board brands.
     "This is a great combination that will benefit our customers, our
 partners in the industry and our company," said Donaldson. "The joining of the
 two organizations will provide us with a best of breed biometric technology
 offering and a leadership position in physical access control market which
 will be used to bring to market Bioscrypt Inc.'s Network and Wireless
 solutions on a worldwide basis."
 
     About Bioscrypt Inc.
     Bioscrypt Inc. specializes in the development, manufacturing and
 licensing of biometric technologies -- software and standalone hardware -- to
 Original Equipment Manufacturers and other customers requiring state-of-the-
 art user authentication. Providing unparalleled authentication that goes well
 beyond traditional identity methods such as passwords or entry cards,
 Bioscrypt Inc.'s technologies -- embodied in the Bioscrypt family of products
  -- enable secure wireless, network and physical access applications. Using
 Bioscrypt technology, users' credentials are protected using a biometric, such
 as a fingerprint.
 
     Forward-looking (safe harbour) statement
     Statements made in this news release that relate to future plans,
     events or performances are forward-looking statements. Any statement
     containing words such as "believes", "plans", "expects" or "intends"
     and other statements which are not historical facts contained in this
     release are forward-looking, and these statements involve risks and
     uncertainties and are based on current expectations. Consequently,
     actual results could differ materially from the expectations expressed
     in these forward-looking statements.
 
 
 

SOURCE Bioscrypt Inc.
    TORONTO, April 18 /PRNewswire/ - Bioscrypt Inc. (TSE:MYT), formerly Mytec
 Technologies Inc., a leading provider of biometric authentication solutions,
 today announced the completion of its acquisition of Biometric Identification,
 Inc. ("BII").
     BII will carry on operations as a wholly owned subsidiary of Bioscrypt
 Inc. in Sherman Oaks, California.  At closing, Bioscrypt Inc. issued 9,266,992
 common shares.  In accordance with the merger agreement, Bioscrypt Inc. may be
 required to pay additional consideration within sixty days of the closing.
     "We are thrilled to welcome BII's valued employees to the Bioscrypt
 family," said Bioscrypt Inc. President and CEO, Pierre Donaldson. "We share a
 vision of the future of biometric secured solutions for individuals and
 companies alike and how we can provide the biometric solutions needed to
 succeed in an increasingly mobile and security conscious economy."
     Bioscrypt Inc. will continue to develop, market, sell and support the
 biometric physical access VeriSeries product line; VeriProx, VeriFlex, V-Pass
 and V2100, under the Bioscrypt and Bioscrypt on Board brands.
     "This is a great combination that will benefit our customers, our
 partners in the industry and our company," said Donaldson. "The joining of the
 two organizations will provide us with a best of breed biometric technology
 offering and a leadership position in physical access control market which
 will be used to bring to market Bioscrypt Inc.'s Network and Wireless
 solutions on a worldwide basis."
 
     About Bioscrypt Inc.
     Bioscrypt Inc. specializes in the development, manufacturing and
 licensing of biometric technologies -- software and standalone hardware -- to
 Original Equipment Manufacturers and other customers requiring state-of-the-
 art user authentication. Providing unparalleled authentication that goes well
 beyond traditional identity methods such as passwords or entry cards,
 Bioscrypt Inc.'s technologies -- embodied in the Bioscrypt family of products
  -- enable secure wireless, network and physical access applications. Using
 Bioscrypt technology, users' credentials are protected using a biometric, such
 as a fingerprint.
 
     Forward-looking (safe harbour) statement
     Statements made in this news release that relate to future plans,
     events or performances are forward-looking statements. Any statement
     containing words such as "believes", "plans", "expects" or "intends"
     and other statements which are not historical facts contained in this
     release are forward-looking, and these statements involve risks and
     uncertainties and are based on current expectations. Consequently,
     actual results could differ materially from the expectations expressed
     in these forward-looking statements.
 
 
 SOURCE Bioscrypt Inc.