L-1 Identity Solutions Files 8-K/A

Business Wire, Nov 6, 2006

STAMFORD, Conn. -- L-1 Identity Solutions (NYSE: ID), a leading supplier of identity solutions and services, today filed an 8-K/A with the Securities and Exchange Commission (SEC) to revise the weighted average shares outstanding for the three and nine months ended September 30, 2006 as reported in the Company's earnings press release issued on November 2, 2006.

The revised weighted average shares outstanding are 44,448,686 and 34,234,090 for the three months and nine months ended September 30, 2006, respectively. The weighted average shares outstanding initially included in the previously issued press release were 49,081,523 and 35,795,339 for the respective three and nine month periods. The revision results in an increase in the net loss per share to $0.66 from $0.60 for the three month period and to $0.97 from $0.92 for the nine month period.

The Company's net loss for the three and nine months remain unchanged as do all other financial metrics reported in the earnings press release issued on November 2, 2006.

About L-1 Identity Solutions, Inc.

L-1 Identity Solutions, Inc. (NYSE: ID), formed in 2006 from the merger of Viisage Technology, Inc., and Identix Incorporated, offers a comprehensive set of products and solutions for protecting and securing personal identities and assets. Leveraging the industry's most advanced multi-modal biometric platform for finger, face and iris recognition, our solutions provide a circle of trust around all aspects of an identity and the credentials assigned to it -- including proofing, enrollment, issuance and usage. With the trust and confidence in individual identities provided by L-1 Identity Solutions, government entities, law enforcement and border management agencies, and commercial enterprises can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions is headquartered in Stamford, CT. For more information, visit www.L1id.com

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Forward Looking Statements

This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by L-1 Identity Solutions through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current views with respect to the future events or financial performance discussed in this release, based on management's beliefs and assumptions and information currently available. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. 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 size and timing of contract awards, performance on contracts, performance of acquired companies, availability and cost of key components, unanticipated results from audits of the financial results of the Company and acquired companies, changing interpretations of generally accepted accounting principles, outcomes of government reviews, developments with respect to litigation to which we are a party, potential fluctuations in quarterly results, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, market acceptance of new or enhanced products and services, proprietary technology and changing competitive conditions, system performance, management of growth, dependence on key personnel, ability to obtain project financing, general economic and political conditions and other factors affecting spending by customers, and the unpredictable nature of working with government agencies. In addition, such risks and uncertainties include those described in the Securities and Exchange Commission filings of the Identix Incorporated and Viisage Technology, Inc., including Viisage's Registration Statement on Form S-4 filed with the SEC in connection with the transaction, Viisage's Annual Report on Form 10-K for the year ended December 31, 2005 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2006 and June 30, 2006 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." L-1 Identity Solutions expressly disclaims any obligation to update any forward-looking statements.