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Selection of IdentiPHI SAFsolution 5 for Enterprise Network Security Upgrade Done in Partnership with Zvetco Biometrics

AUSTIN, Texas--(Business Wire)-- July 2, 2008; IdentiPHI, Inc. (OTCBB: IDPI), an innovative leader in enterprise security solutions and services, today announced one of the nation's leading pharmacy benefit managers has selected IdentiPHI SAFsolution(R) 5 Enterprise Edition to boost biometric authentication and security access across its network. In conjunction with fingerprint readers from IdentiPHI's partner, Zvetco Biometric SAFsolutions will enable the pharmacy benefit manager to ease its password administration process, support the secure use of multi-personnel terminals and tighten network access to meet the healthcare industry's stringent patient privacy regulations.

IdentiPHI SAFsolution will initially support 10,000 users in conjunction with Zvetco's Verifi™ P4000 and P5000 Fingerprint Readers that are already installed on the pharmacy benefit manager's network.

"By combining the strengths of SAFsolution with products from strategic partners such as Zvetco, we can offer our clients scalable enterprise security solutions that are based on the most advanced biometrics-based technology in the industry," said IdentiPHI President John Atkinson. "The security system we've designed in this instance is representative of the increasing market adoption we're seeing in a broad range of industries as corporations rise to the challenge of protecting vital information, complying with increased regulation, and mitigating the real risk of security breaches."

Designed on the award-winning SAFsolution platform, IdentiPHI purpose-built SAFsolution 5 to provide what it believes is the industry's most advanced and intuitive administration of enterprise-wide biometric security and authentication. SAFsolution 5 is integrated closely with Microsoft(R) Windows(R) Active Directory(R) to provide a full range of enterprise capabilities -- high scalability, simplified usability and a broad range of support of authentication methods and devices -- to meet today's security needs. SAFsolution 5 enables organizations to dramatically improve security by replacing cumbersome passwords with biometric authentication -- the most reliable and convenient form of security available today.

About Zvetco Biometrics

Zvetco Biometrics is a manufacturer of best-in-class identity authentication hardware and provider of identity management solutions. Founded in 1999, Zvetco provides its customers in corporate enterprise, government, financial services, healthcare, gaming, food services and point-of-sale with cost-effective network security tools that prevent identity theft, increase accountability and eliminate the cost and inconvenience of password-based access. Zvetco Biometrics' Verifiw line of biometric products incorporates precision fingerprint-sensing technology into ergonomic computer peripherals that deliver unparalleled performance, reliability and convenience. Available in multiple form factors, Verifi products use proven AuthenTec and AuthenTec sensor technology, offer a rugged, elegant design, a standard USB interface, enhanced security and convenience, private labeling and other custom options. Information about Zvetco and its products is available at www.zvetcobiometrics.com or by calling (407) 681-0111.

About IdentiPHI

Headquartered in Austin Texas, IdentiPHI is an innovative technology company offering a comprehensive suite of enterprise security solutions and consulting services. Comprised of experienced partners and thought-leaders in the industry, IdentiPHI is setting the standard for what companies are looking for in a security solution. IdentiPHI solutions deliver enhanced identity assurance throughout the enterprise. The company is defining security technology to meet the evolving challenges of today's ever changing fast-paced business needs. For more information, call 888-436-8744, or visit www.identiphi.net.

NOTE: "SAFsolution" is a registered trademark of IdentiPHI, Inc. "IdentiPHI" is a trademark of IdentiPHI, Inc. "Microsoft", "Windows" and "Active Directory" are registered trademarks of Microsoft Corporation.

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

This release contains information about our management's view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products, our ability to compete with competitors, the growth of the security market and the successful delivery and adoption of SAFsolution 5 in the marketplace. If third parties, on whom we partly depend for our product distribution, do not promote our products, our ability to expand the number of customers using our products may be limited. In addition, products as complex as those we offer may contain undetected errors or may fail when first introduced or when new versions are released. Despite our product testing efforts and testing by current and potential customers, it is possible that errors will be found in new products or enhancements after commencement of commercial shipments. The occurrence of product defects or errors could result in adverse publicity, delay in product introduction, diversion of resources to remedy defects, loss of or a delay in market acceptance, or claims by customers against us, or could cause us to incur additional costs, any of which could adversely affect our business. Additional factors are included in our annual report on Form 10-K, as well as other documents we periodically file with the Securities and Exchange Commission.

Press Contact: VOXUS, Inc. Andrew Goss, 253-853-5151 x224 agoss@voxuspr.com or Investor Relations Contact: Equiti-trend Advisors LLC 800-953-3350 Toll-Free 858-436-3350 Local or International investors@identiphi.net Copyright Business Wire 2008