Today’s news about id-Confirm’s (OTCBB: IDCO) up-and-coming television appearances sent the company’s share prices soaring more than 250 percent at one point today, igniting investor interest.According to a statement that biometrics firm id-Confirm released this morning, the company will be showcased on an “innovative, educational television series” that will be broadcasted on CNN Headline News, the Discovery Channel and Tech TV sometime in August of this year. Although the statement did not specify exactly which of the company’s products will be discussed on the shows, it did make extensive mention of id-Confirm’s SecureLink System, a portable wireless biometric device that reportedly eliminates fraud and identity theft through a “fool-proof” fingerprint-scanning process.
“With soaring increases in network and security breaches and eCommerce fraud, biometric technologies are becoming the foundation of an extensive array of highly secure identification and personal verification solutions,” the statement read. “id-Confirm took on the difficult mission of creating a personal, portable biometric solution which is easy to deploy, easy to use and foolproof for use in corporate networks and in eCommerce environments.”
David Grasch, id-Confirm’s CEO, was very supportive of his company’s products – and biometrics as a whole – in the release.
“The technological benefits of being able to authenticate an individual with a high degree of certainty are difficult to ignore, and biometrics remain the only way that we can completely define and record our individuality,” Grasch said.
Share prices for id-Confirm leapt from 1 cents to 4 cents each, with a share volume of just over 5 million.
Id-Confirm did not return Market News First’s calls.