Georgia Bureau of Investigation Approves Electronic Transmissions from IIE(TM) Suite of Products TORONTO, Aug. 14 /CNW/ - ComnetiX(TM) Inc (TSX:CXI), a leading provider of integrated biometric identification and authentication solutions, announced continued progress in the Southeastern United States. The Georgia Bureau of Investigation has approved several of the Company's Intelligent Identification Environment (IIE(TM)) suite of software solutions to send images and data and to receive responses from the Georgia Bureau of Investigations automated fingerprint identification system (AFIS). The approved products include IntelliScreen(TM), IntelliBook(TM), and IntelliServ(TM). The acquisition of Paragon Total Solutions Inc. in August 2005 provided ComnetiX with an immediate operation and sales force that was well known and respected in the southeastern US and this business unit is broadly tracking to its FY2006 plans. ComnetiX plans to continue to expand its product offerings in the region. The above certifications represent an important milestone towards the complete integration of ComnetiX and Paragon. The Carrollton Georgia offices, formerly of Paragon, will now house the US corporate head offices for ComnetiX. As provided for under the Paragon acquisition agreements, ComnetiX has now finalized the calculation of the purchase price for the acquisition of Paragon following the first anniversary of the transaction. Under relevant generally accepted accounting principles only a portion of the 650,218 ComnetiX shares originally placed in escrow were treated as issued and outstanding and as anticipated there has been a charge back against such escrow. 552,478 ComnetiX shares held in escrow have been released to the treasury of ComnetiX for cancellation. 68,418 ComnetiX shares will continue to be held in escrow and 29,322 ComnetiX shares are to be released from escrow. ComnetiX will also receive US $25,000 in cash. These final calculations will result in expense reversals of approximately CDN $350,000 in the fourth quarter of 2006 and following these adjustments ComnetiX will have 14,124,792 shares issued and outstanding. "We are pleased with the success we have enjoyed in the Southeast United States as a result of our acquisition of Paragon," said Bernard Crotty, Chief Executive Officer and Chairman of ComnetiX. "We believe that this business combination has allowed us to round out our suite of biometric software solutions and has further enhanced our geographic penetration into this region of the United States. By combining the strengths of both ComnetiX and Paragon, we believe we have become an extremely valuable source for software centric identification solutions for law-enforcement and government agencies in a segment that is poised to grow substantially over the next several years." About ComnetiX(TM) Inc (www.comnetix.com) ComnetiX(TM) Inc provides secure identification and authentication solutions to both the public and private sectors throughout North America. ComnetiX offers multimode biometric identification solutions for use in areas such as applicant screening, financial services, health care, transportation, airlines and airports, casinos and gaming, and energy and utilities. Clients include American Airlines, Lehman Brothers, New York City Health and Hospital Corporation, New York State Division of Criminal Justice Services, Toronto Police Services Board, Boston Police Department and the Royal Canadian Mounted Police. ComnetiX is also Canada's premier applicant fingerprinting services company, facilitating tens of thousands of criminal background checks each year through its chain of ten offices across Canada. In addition ComnetiX has established more than 40 applicant fingerprinting services locations throughout the United States. Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes," "plans," "expects" or "intends" and other statements that are not historical facts 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.
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