Nitgen and Company Co.,Ltd.

Nitgen&Company Co.,Ltd. (Nitgen) is a nationally recognized IT services and solutions provider. The company is engaged in providing services such as biometric applications, authentication systems, deployment services, network - design / support / security, data - storage / management / protection / backup. Nitgen provides fingerprint identification modules, fingerprint identification computer utilities and security software, online fingerprint authentication solutions and access control systems. The company also provides remote control service to its business users. The solutions provided by the company include access control/ time attendance, PC/ Network security, e-commerce, finger print sensor, and fingerprint algorithm. Nitgen provides solutions in more than 100 countries across the world. Nitgen is headquartered in Seoul, South Korea.The company reported revenues of (Won) KRW 3,636.86 million during the fiscal year ended December 2008, a decrease of 60.94% from 2007. The operating loss of the company was KRW 6,584.74 million during the fiscal year 2008, as compared to an operating loss of KRW 6,975.13 million during 2007. The net loss of the company was KRW 10,306.20 million during the fiscal year 2008, as compared to a net loss of KRW 31,624.75 million during 2007.