Mar 14, 2007 - Bioscrypt Inc. (TSX: BYT - News), a leading provider of enterprise access control technology, today announced that it has completed its acquisition of A4Vision, a privately-held company headquartered in Sunnyvale, California, that specializes in advanced identification systems using 3D facial imaging and recognition technology.

Bioscrypt is increasing its position as the recognized biometric access control market share leader by adding to its range of biometric access control products with A4's 3D face identification/verification solutions. The introduction of the innovative 3D face matching products allows Bioscrypt to extend its range of multi-factor authentication solutions and expand its competitive advantage in biometric access control.

"For many years Bioscrypt has been advancing its platform to support strong authentication for physical and logical access control," said Robert L. Williams, President and CEO of Bioscrypt. "We have established our place in the market and are internationally known for our strength in fingerprint biometric verification. This leadership position as well our goal to support the many authentication techniques used within an enterprise have been extended with the addition of A4's 3D face system."

In association with the acquisition of A4, and following approval being received at the special meeting of shareholders held yesterday, Bioscrypt also completed a private placement, adding US$6.4 million in new capital to the business. With the closing of the acquisition and the private placement, institutional investors including EuroQube SA, In-Q-Tel, Menlo Ventures, Motorola Ventures, NTT Leasing Co. Ltd., TAKO Ventures, and Wedge International, will own, on a fully diluted basis, up to approximately 32% of the pro forma company.

"We are pleased to be adding experienced and knowledgeable new investors to the company," said Bruce MacInnis, Chief Financial Officer of Bioscrypt. "The capital infusion and institutional support provides the Company with a solid foundation to consolidate our position as the leading vendor of enterprise access control solutions."

About Bioscrypt
Bioscrypt (Applications for Vision) develops and licenses advanced identification systems and tracking solutions using 3D facial imaging and recognition technology. Bioscrypt offers products through companies such as Ingersoll Rand, ADI, NTT Communications, Singapore Technologies, Sagem, Securitas, SITA, Thales, and global partners Motorola, Siemens, and Unisys. Bioscrypt is headquartered in California (USA) with offices in Geneva (Switzerland) and Moscow (Russia).

Bioscrypt has recently announced that it has entered into an agreement to be acquired by Bioscrypt (BYT.T), a leading provider of enterprise access control technologies. The combined entities will be the only organization capable of offering a converged physical and logical solution that supports both finger and 3D face biometrics as authentication techniques for access control. More details about this and other corporate information can be found at www.a4vision.com www.Bioscrypt.com

Ryan Zlockie
840 West California Ave
Suite 200
Sunnyvale, CA 94086
USA
Phone:  408-446-1133
Fax:  408 746 3700
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