Subject:  Lockheed Martin Signs Product Marketing and Distribution Contract with Finx Group Subsidiary, |
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Date Posted: 23:29:01 04/15/03 Tue
Lockheed Martin Signs Product Marketing and Distribution Contract with Finx Group Subsidiary, Secured Portal Systems
BOCA RATON, Fla., Apr 15, 2003 (BUSINESS WIRE) -- The Finx Group, Inc. (OTCBB: FXGP) announced today its wholly owned subsidiary, Secured Portal Systems, Inc., (SPS) has signed a marketing and distribution agreement with Lockheed Martin (NYSE: LMT) to market and resell SPS's GIL-2001 secured portal product line.
The SPS GIL-2001 product line is a two-door ballistic and forced-entry-proof portal that provides access control and flow management to secure entry or exit into perimeter areas, including entire buildings, specific areas within buildings, outdoor fence lines and other restricted areas. Lockheed Martin will offer SPS's product line as part of its wide array of advanced security systems
Lewis S. Schiller, CEO of FXGP said, "Our agreement with Lockheed Martin provides SPS with another strategic sales channel which should contribute to the marketing of our GIL-2001 Portal."
"Lockheed Martin is pleased to add Secured Portal Systems to our growing family of security solution business partners," stated Mark D. Bonatucci, director of security solutions for Lockheed Martin Mission System. "We look forward to providing SPS's product line to our customers to help increase system functionality and protection of critical assets."
SPS's leading product is the GIL-2001, which has undergone recent testing, as administered by National Safe Skies, for the Transportation Security Authority and the Federal Aviation Administration. On December 11, 2001, the GIL-2001 was certified by the Department of State for ballistic and forced entry, and effective October 29, 2002 is covered under United States Patent #6,472,984.
Lockheed Martin Mission Systems provides solutions in systems integration, program management, software development, and information security for a variety of customers including U.S. and international defense and civil government agencies. Mission Systems employs approximately 3,000 at primary facilities in Gaithersburg, Md., Colorado Springs, Colo., Santa Maria, Calif., and is a business unit of Lockheed Martin Corporation.
FXGP through its wholly owned subsidiary SPS, is a security systems company engaged in the marketing and sale of a wide range of physical and software security products including secured entrance systems and smart card access software programs.
Forward-Looking Statements
Statements about the company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results.
CONTACT: The FINX Group Inc.
Lewis S. Schiller, 561/447-6612
lschiller@aol.com
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