Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, January 28, 2011 L-1 Identity Solutions to Report Fourth Quarter and Full Year Ended December 31, 2010 Results on March 1, 2011
STAMFORD, Conn.--([ BUSINESS WIRE ])--L-1 Identity Solutions, Inc. (NYSE:ID), a leading provider of identity solutions and services, will report financial results for the fourth quarter and full year ended December 31, 2010 before the market opens on March 1, 2011. In light of the Company's pending sale transactions, the Company will not hold a conference call to discuss these results nor provide 2011 financial expectations. For further detail on the Companya™s financial results, interested parties should refer to the Form 10-K for the full year ended December 31, 2010, which will be filed with the Securities and Exchange Commission (SEC) concurrently with the release of the financial results.
L-1 continues to expect the BAE Systems transaction and the Safran merger to both close in the first quarter of 2011, subject to the timing of applicable regulatory and novation processes and assuming satisfaction or waiver of all of the applicable conditions. At this time, it has not been determined if the Safran merger will close prior to March 1, 2011. In the event the Safran transaction closes prior to March 1, 2011, the Company will not be reporting financial results.
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. (NYSE: ID) protects and secures personal identities and assets. Its divisions include Biometrics / Enterprise Access and Secure Credentialing solutions, as well as Enrollment and Government Consulting services. With the trust and confidence in individual identities provided by L-1, international governments, federal and state agencies, law enforcement and commercial businesses can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions has more than 2,200 employees worldwide and is headquartered in Stamford, CT. For more information, visit [ www.L1ID.com ].
Forward Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect the Company's current views based on managementa™s beliefs and assumptions and information currently available. Forward-looking statements concerning future plans or results are necessarily only estimates, and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, the availability of customer funding for L-1 products and solutions, general economic and political conditions, the timing of consummating the proposed transactions, the risk that a condition to closing such proposed transactions may not be satisfied, the risk that a regulatory approval that may be required for such proposed transactions is not obtained or is obtained subject to conditions that are not anticipated, the ability of the Company to successfully refinance or amend its credit agreement on a timely basis if required, and additional risks and uncertainties described in the Securities and Exchange Commission filings of L-1 Identity Solutions, including its Form 10-K for the year ended December 31, 2009, its Form 10-Q for the quarter ended September 30, 2010 and the Form 8-K filed on November 17, 2010. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
Important Information for Investors and Stockholders
This communication may be deemed to be solicitation material in respect of the proposed acquisition of L-1 by Safran. In connection with the proposed acquisition, on January 3, 2011, L-1filed a definitive proxy statement on Schedule 14A with the SEC. INVESTORS AND SECURITY HOLDERS OF L-1 ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE, BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED ACQUISITION BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT L-1, SAFRAN AND THE PROPOSED ACQUISITION.
The definitive proxy statement in connection with the proposed merger has been mailed to stockholders of L-1. Investors and security holders may obtain a copy of the definitive proxy statement filed on January 3, 2011, and any other documents or related materials (when they become available) filed with the SEC free of charge at the SECa™s web site at [ www.sec.gov ]. The definitive proxy statement, and such other documents and related materials, when they become available, may also be obtained free of charge on L-1a™s website at [ www.L1ID.com ] under the tab aInvestor Relationsa or by contacting L-1a™s investor relations department at (203) 504-1109.
L-1 and its directors and executive officers may be deemed to be participants in the solicitation of proxies of L-1 stockholders in connection with the proposed acquisition. Information regarding L-1a™s directors and executive officers is set forth in L-1a™s proxy statement for its 2010 annual meeting of stockholders, which was filed with the SEC on March 16, 2010. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are set forth in the definitive proxy statement filed on January 3, 2011.
ID:F
