Little Bear Investments LLC Participates in ImageWare Systems, Inc. $3.6 Million Private Placement
Tuesday August 2, 2005, 11:30 Am ET
NEW YORK, August 2 — Little Bear Investments LLC (“Little Bear”) announced today that it has participated in a $3.6m private placement to purchase common stock and warrants of ImageWare Systems, Inc. (AMEX: “IW” ). This is Little Bear’s second investment in IW as it also participated in a round of financing for IW in November of 2003.
In connection with Little Bear’s participation in the financing, Zachary Prensky, Managing Director of Little Bear, stated “We at Little Bear are very excited to have invested in IW for a second time. We believe that IW’s suite of services is an excellent solution to many of the security concerns facing governments, law enforcement and businesses today.”
About ImageWare Systems, Inc.
ImageWare Systems, Inc. (AMEX:IW – News) is a world leading developer and provider of identity management solutions, providing biometric, secure credential, law enforcement and digital imaging technologies. Scalable for worldwide deployment, the Company’s biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare’s identification products are used to manage and issue secure credentials including national IDs, passports, driver licenses, smart cards and access control credentials. ImageWare’s digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. The Company also provides comprehensive digital workflow solutions for the professional photography industry. ImageWare is headquartered in San Diego, with offices in Canada and Germany. For more information, visit www.iwsinc.com.
About Little Bear
Little Bear Investments, located in the heart of Midtown Manhattan, is a merchant bank that focuses on investing in both public and private companies. Our broad range of investment experience includes: tender offers, private placements, PIPE’s, reverse mergers and bankruptcy auctions. Little Bear also offers financial, operational and strategic advisory services. Working with companies large and small, we bring the same disciplined approach to our clients as we do to businesses in which we have deployed our own capital.