John J Harland (NYSE:JH)
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Mitek Systems Receives $1.0 Million After Resolution of Software
Dispute
POWAY, Calif., April 19 /PRNewswire-FirstCall/ -- Mitek Systems, Inc.
(OTC:MITK) (BULLETIN BOARD: MITK) today announced that the Company received a
final payment of $1.0 million from Harland Financial Solutions, Inc., a
subsidiary of John H. Harland Company (NYSE:JH) related to the sale last July
of Mitek's CheckQuest product to Harland. A recent arbitration ruling on
Mitek's dispute with BSM Inc. over the use of Mitek's products and intellectual
property allowed the Company to complete the assignment of CheckQuest software
rights to Harland and collect this final payment.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO)
About Mitek Systems
Mitek Systems is an established global leader in advanced recognition software
used by financial institutions for forgery detection and document processing.
Sold to partners and directly to end users, the company's software is used in
the processing of over 8 billion transactions per year. For more information
about Mitek Systems, contact the company at 14145 Danielson Street, Suite B,
Poway, CA 92064; 858-513-4600 or visit http://www.miteksystems.com/.
Forward-Looking Statement Disclosure
With the exception of historical matters, 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 Company's products, future development, and software assignment to
Harland. The Company's actual results could differ from such forward-looking
statements. There can be no assurance that the Company will achieve the results
set forth herein. Mitek and Mitek Systems are registered trademarks of Mitek
Systems, Inc.
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
CONTACT: John R. Shaw, Vice President, Marketing of Mitek Systems,
+1-858-513-4600, ; or Andrew McCaskill, +1-678-781-7210,
, for Mitek Systems
Web site: http://www.miteksystems.com/