BIO-key International, Inc. Announces Approval of Amendments to Articles of Incorporation

Business Wire, Feb 28, 2002

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--Feb. 28, 2002

BIO-key International, Inc. (OTCBB:SACM), formerly SAC Technologies, Inc., today announced that it held its Special Meeting of Shareholders on Wednesday, February 27 as scheduled. At the meeting, the Company's shareholders approved amendments to the Company's Articles of Incorporation to increase the number of shares of common stock the Company is authorized to issue to 60,000,000 and to change the Company's name from "SAC Technologies, Inc." to "BIO-key International, Inc." As described in the Company's proxy materials filed with the Securities and Exchange Commission, the amendments were intended to comply with existing contractual obligations, provide the Company with the capability of financing future operations and to better identify the Company within its market.

After the meeting, Chief Executive Officer Jeffry Brown stated, "We are very pleased with the outcome of the votes on these important matters and the overwhelming support from our shareholders. We believe these amendments will put the Company in a better position to raise the additional capital necessary to execute our business plan and to create a natural association between the Company, our products and market applications."

About BIO-key International, Inc.

BIO-key develops and licenses advanced biometric finger identification software products that are cost effective, scalable and easy to deploy. BIO-key's capabilities, such as preventing false identities through alias checks and hardware independence, are very unique to the biometric market place and represent a significant advancement over other biometrics. Our product offerings are reflective of BIO-keys' leadership position in the biometric finger identification market and our commitment to the innovation of identification technology tools for OEMs, VARs, integrators and application providers. BIO-key welcomes the opportunity to discuss and present our technology with your company. More information on BIO-key can be accessed via the Company web site at http://www.bio-key or by calling Kim Berndt at 651-687-0414 for an evaluation.

Safe Harbor Statement

Statements contained herein and by other public statements by the Company and its officers, other than historical data, constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends that may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance or events and are subject to risks and uncertainties that could cause the Company's actual results, events or financial position to differ materially from those included within the forward-looking statements. These factors include, but are not limited to, the Company's ability to successfully develop its technology to meets or exceeds user specifications and to obtain additional financing as well as those risks set forth in the Company's Annual Report on SEC Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.