Business Services Industry
Bob LaPenta Purchases 400,000 Shares Of Identix Common Stock
Business Wire, June 14, 2006
STAMFORD, Conn. -- Mr. Robert V. LaPenta, founder and CEO of L-1 Investment Partners, LLC and Chairman of Board of Viisage (Nasdaq: VISG), purchased 400,000 shares of Identix (Nasdaq: IDNX) common stock on June 13 and June 14, 2006 in open market transactions. Combined with earlier purchases totaling 600,000 shares, Mr. LaPenta now holds one million shares of Identix common stock. Mr. LaPenta, who will become chairman and CEO of the combined company following the merger between Viisage and Identix, reaffirmed his commitment to the ongoing transaction which is scheduled to close early in the third quarter of 2006.
L-1 Investment Partners is a private investment management firm founded by Bob LaPenta in June 2005. The company acquires, or makes significant investments in, well-positioned public and private companies to build them into industry leaders through collaborative development and aggressive growth strategies. Mr. LaPenta has more than 30 years of executive management experience, completing more than 60 successful acquisitions.
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