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Veritec and Poder de Compra Sign Agreement to Enter the Philippines Bio-ID Markets
GOLDEN VALLEY, MN, Jul 19, 2010 (MARKETWIRE via COMTEX) --
Veritec, Inc. (PINKSHEETS: VRTC) today announced that it has entered into an agreement with Poder de Compra, headquartered in Mexico City, Mexico and its Philippines Integration Partner, NationlinkNet, to provide Veritec's Bio Identification Technologies (utilizing Veritec's 2-D VSCode(R) Symbology) to the Philippines Banking customers starting out with over 20 rural banks in the country.
"We believe that this partnership will open markets to Veritec's incredible technologies not just in the Philippines but throughout Southeast Asia and South America as well," said Van Tran, CEO of Veritec. "Poder de Compra is pleased and honored to have formed this partnership with Veritec to bring Veritec's Bio-ID technologies to the Philippines," said Richard Raskin, Managing Director of Poder De Compra. "With our proprietary software and hardware solutions, I am confident that this great business relationship with Poder de Compra will add much value to our clients, our strategic partners, and our distributors," said Ms. Tran. Further details about Veritec's technologies and its multiple applications can be found on Veritec, Inc.'s website at www.veritecinc.com.
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| Article Date: 7/19/2010 |
| Source: www.marketwatch.com |