Aerospace Group:

Homeland Security

Earnings Notes And News

DDN

Wednesday, November 28th, 2007

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ImageWare Systems [IW] 3Q07 3Q06 Sales $3.5M $2.2M Net Inc. ($130K, $0.01) ($1.5M, $0.13) Sales increased 59% largely due to multi-biometric enrollment and management and identity proofing the company is doing for the Department of Veterans Affairs in support of HSPD-12. ImageWare announced a $1.7M contract with the VA in August. Success on this contract allows the company to command better pricing in the market, Jim Miller, ImageWare's chairman and CEO, says. Losses narrowed on decreases in sales and marketing…

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