Mitek Completes $1.5 Million Investment From Harland

Mitek Completes $1.5 Million Investment From Harland 


POWAY, Calif., May 10  /PRNewswire-FirstCall/ -- Mitek Systems, Inc. (OTC:MITK)
(BULLETIN BOARD: MITK)  (http://www.miteksystems.com/) today announced that the
Company and John H. Harland Company (NYSE:JH) (http://www.harland.net/) closed
the second and final round of a sale of Mitek's common stock and warrants
pursuant to the previously-disclosed Securities Purchase Agreement entered into
between Mitek and Harland on February 22, 2005.  In this second round, Harland
acquired 1,071,428 shares of Mitek's common stock and 160,714 Mitek warrants
for a purchase price of $750,000.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO)

Mitek completed the transaction based on the results of a special stockholders
meeting held on May 5, 2005.  A majority of shareholders approved to amend the
Company's Certificate of Incorporation to increase the authorized number of
shares of its common stock from 20 million to 40 million shares.

"With the completion of this investment and the previously-disclosed sale of
CheckQuest, we added $2.5 million in new cash to our balance sheet in the last
80 days," Mitek's President and CEO, James B. DeBello said.  "These were major
steps in our plans to continue the growth of our next generation of
sophisticated identity verification and document recognition software."

Harland previously announced that it is partnering with Mitek to introduce
self-authenticating checks for preventing the most difficult-to-catch check
fraud -- the forgery of the maker's signature.  Harland will validate the
authenticity of the maker's signature and the physical check document using
Mitek's sophisticated image processing, data encoding and encryption, and
identity verification software.  Financial institutions, merchants and
consumers lose billions of dollars every year as a result of lost, stolen or
counterfeit checks cashed or presented by forgers.

About Mitek Systems

Mitek Systems (OTC:MITK) (BULLETIN BOARD: MITK)  (http://www.miteksystems.com/)
is a leading provider of advanced recognition software used by financial
institutions for identity verification and document processing, used in the
processing of over 8 billion transactions per year.

Forward-Looking Statement Disclosure

The matters discussed in this news release are forward-looking statements that
involve risks and uncertainty.  Forward-looking statements include, but are not
limited to, statements relating to the future prospects of Mitek's development
and marketing activities with Harland and the future growth prospects of Mitek.
 Actual results could differ from such forward-looking statements.  There can
be no assurance that Mitek will on or achieve results set forth herein.  Mitek
and Mitek Systems are registered trademarks of Mitek Systems, Inc.  All other
product or company names may be trademarks or registered trademarks of their
respective holders.

   Contacts:
   John R. Shaw                    Andrew McCaskill
   Vice President, Marketing       Media Contact for Mitek
   858.513.4600                    678.781.7210
   

http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO

http://photoarchive.ap.org/

DATASOURCE: Mitek Systems, Inc.



CONTACT:  John R. Shaw of Vice President, Marketing of Mitek,

[phone], ; or Andrew McCaskill, [phone],

for Mitek



Web site:  http://www.harland.net/ 

Web site:  http://www.miteksystems.com/ 

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