Bluehill ID AG
BLUEHILL ID COMPLETES ACQUISITION OF FASTCARDS PTY LTD
Bluehill ID AG / Acquisition/Mergers & Acquisitions Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- BLUEHILL ID COMPLETES ACQUISITION OF FASTCARDS PTY LTD Brisbane & St. Gallen, 6 February, 2009 – Bluehill ID AG and Australian Fastcards Pty Ltd (www.fastcards.com.au) announced today that Bluehill ID has completed the acquisition of Fastcards. Fastcards is an identity management services provider serving government and industry clients in addition to providing RFID tracking solutions for mining and industrial applications. Ayman S. Ashour, CEO of Bluehill ID, commented today: 'Fastcards has been a pioneer in serving the Australian market with innovative outsourced identity management solutions. Scott Austin and his team have developed tremendous expertise in this area that we expect would fit well with our other group companies. Scott Austin, Founder and President of Fastcards acknowledged: 'We are well acquainted with the Bluehill ID Team and already have strong working relationships with several Group companies. We are excited about joining the Bluehill Team and believe this will open up important opportunities for our solutions and will help solidify our technology and product base particularly in RFID.' About Fastcards Pty Ltd Fastcards Pty Ltd (www.fastcards.com.au) is an identification technology company focusing on personalization, programming and issuance of ID credentials based in Brisbane, Australia. Fastcards offers a panel of services from online express ID cards delivery to customized ID management solutions. The products focus on secure credential management for corporations, governments, events as well as for mobility verification using RFID, and contact smartcard solutions including people ID and security cards. About Bluehill ID AG Bluehill ID AG (www.bluehill-id.com) is an international operating company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ). Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies. These technologies are used in the fields of security, identification, tracking and further growing applications. The business model of the company is based on combining disciplined acquisitive growth with sustainable organic growth from portfolio companies. Contact Fastcards Pty Ltd Scott Austin Tel: +61 73 01 36 294 eMail: scott@fastcards.com.au Bluehill ID AG Fabien B Nestmann Tel: +41 44 78 38 043 eMail: fbn@bluehill-id.com 06.02.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Bluehill ID AG Dufourstr. 121 CH-9001 St. Gallen Schweiz Phone: +41 44 783 8043 Fax: +41 44 783 8040 E-mail: contact@bluehill-id.com Internet: www.bluehill-id.com ISIN: CH0031958629, CH0038439490 WKN: A0MUR7 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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