Demegen Changes Name to Par Advance Technologies Corporation and Adopts New Stock Symbol

Biometrics and RFID company reestablishes itself with new name, new stock ticker symbol.


BROOKSVILLE, Fla. -- Demegen, Inc., (DGMI) announced today that shareholders had approved changing the Company's name to PAR Advance Technologies Corporation. In addition, the Company's new stock symbol is PRVG.

PAR Advance Technologies Corporation (PAR) offers integrated multi-function identification systems that can combine biometrics, smart cards, high frequency RFID tags and Encrypted DNA authentication. PAR also offers proprietary software for customers to manage their ID security systems, and biometric devices for secure access systems.

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.