PennyPerformers.com: "Penny Stocks that Perform" picks are: BKYI, FDTC, IZZI, QMLM, WAKE

Dec 05, 2008 (M2 PRESSWIRE via COMTEX) -- WAKEE | Quote | Chart | News | PowerRating -- Pennyperformers.com "Penny Stocks that Perform" picks are: BIO-key International, Inc. (OTCBB: BKYI), FNDS3000 Corp (OTCBB: FDTC), Integrated Security Systems, Inc. (OTCBB: IZZI), Quest Minerals & Mining Corp. (OTCBB: QMLM), Wake Forest Bancshares, Inc. (OTCBB: WAKE)...and Proudly Introducing Proprietary Push Technology (PPT).

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Dec 05, 2008 -- BIO-key International, Inc. (OTCBB: BKYI), a leader in finger-based biometric identification and wireless public safety, announced today that Major General Shafiqul Islam of the Bangladesh Army was presented with the Outstanding Achievement Award by the ID World International Congress held in Milan, Italy on November 18, 2008. Major General Islam was presented with the award in recognition of his leadership during the Bangladesh government's successful completion of its Voter Registration Project in preparation for the December 29 general elections. BIO-key and its partner, Tiger IT BD Ltd. (Tiger IT), a leader in prepackaged and customized software solutions, were exclusively selected by the Bangladesh Army to deliver the turnkey biometric-based credentialing solution that was deployed in late 2007 to create the voter roll.

Senator John McCain in his recent visit to Bangladesh on Wednesday, December 3, told reporters at a press conference in Dhaka's Zia International Airport "It seems to me that with the incredible registering of 80 million people, this has the possibility of being the fairest election, perhaps in the entire world."

To ensure the accuracy of the voter roll, Tiger IT, the prime contractor responsible for delivering the voter registration solution, integrated BIO-key's patented biometric identification software to collect four fingerprints from each registrant. Additionally, BIO-key's WEB-key(R) technology was implemented as a safeguard to detect duplicate registrations. The voter registration project was completed in July of 2008.

The ID World International Congress presents awards annually in recognition of the contribution made by thought leaders, innovators and pioneering adopters who distinguished themselves by their achievements. Major General Shafiqul Islam, the winner of the 2008 Outstanding Achievement Award, was one of twenty-five finalists nominated for this years ID People Awards. A total of five awards were given, based on votes from the industry and global enthusiasts, to outstanding professionals for their roles and contributions during the year.

At an event held on July 22, 2008 celebrating the completion of the voter registration project, Renata Desallien, United Nations Resident Coordinator and UNDP Resident Representative, stated, "This was a historic achievement; the successful on-time registration of over eighty million voters with digital photographs and fingerprints. Never before in any other country have so many people been electronically registered in such a short time. This in itself is an outstanding achievement. But it is not only the immense scale of the undertaking that is so impressive. So is the accuracy of the list. Modern technology enabled the elimination of duplicate and fraudulent entries, and will significantly reduce the occurrence of vote theft."

"The success of this project is a result of the superior technology and commitment that our partners, Tiger IT and BIO-key provided," commented Major General Shafiqul Islam, Military Secretary of the Bangladesh Army. "Their solution ensured the collection of high quality enrollment data and delivered accurate, high-speed alias detection on a large scale. This biometric identification solution was the technological foundation of our project."

Brigadier General Shahadat Hossain Chowdhury, Project Director for the Bangladesh Government Voter List Project, in a congratulatory note to General Shafiq after winning the ID People award said, "My heartiest congratulations to Major General Shafiq for winning his much deserved ID People award. He has accomplished a ground breaking task that has become the new benchmark standard for biometric registration. I am proud to have been part of this project. I would also like to thank Tiger IT and BIO-key for providing the technical solution which was vital for the fast and accurate completion of the project on time. They have proven themselves as worthy partners and we should certainly consider their solution for the second phase of the project."

Mike DePasquale, BIO-key's Chief Executive Officer added, "We extend our congratulations to the Major General for his well deserved recognition and the successful delivery of the largest biometric voter roll ever deployed with over 80 million people and 320 million fingerprints. This biometric-based credentialing solution can be replicated for any and every country throughout the world, to establish the baseline for a fair and credible election."

About BIO-key

BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 750 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement.

About Tiger IT

Tiger IT BD Ltd., headquartered in Dhaka, Bangladesh, is a full-service developer of enterprise software applications and solutions for both government agencies and the private sector. Tiger IT is routinely considered by many to employ the most experienced and capable development team in Bangladesh. Some of the end-customers that benefit from Tiger IT include global Fortune 500 corporations. Tiger IT's US counterpart has recently signed a 4 million dollar contract to prevent online media piracy using a solution developed primarily in Bangladesh.

Dec 05, 2008 -- FNDS3000 Corp (OTCBB: FDTC | Quote | Chart | News | PowerRating) (Frankfurt: "FT4," A0MWLG) today announced that it entered into an amended and restated note purchase agreement on December 1, 2008 in the principal amount of $1,000,000, increasing the original note which was $320,000. The Company also entered into a Securities Purchase Agreement ("SPA") pursuant to which an investor has agreed to purchase 8,000,000 shares of common stock and a warrant to purchase 30% of the issued and outstanding shares of the Company on a fully diluted basis (the "Warrant") at an exercise price of $0.35 per share. The purchase price for the Shares and the Warrant is $2,000,000.

Michael J. Dodak, Chairman and Chief Executive Officer of FNDS3000 Corp, stated: "We have been searching for an opportunity to partner with an investor to provide sufficient capital to fund our operations until we reached a cash flow positive position in 2009. We are pleased that in this extraordinary credit environment we have a good prospect of securing financing well into next year at a very reasonable cost. The ability to acquire funding at this stage in the Company's development will provide a confidence boost for our customers, vendors and investors. The cash infusion provides us with resources and capabilities to enhance and optimize our present capability to execute the next phase of the Company's growth as we continue the roll out of our prepaid debit cards in South Africa."

The Securities Purchase Agreement for the equity financing is expected to close by January 5, 2009, subject to certain conditions, including, but not limited to, completion of satisfactory due diligence and other customary conditions. A copy of the Letter of Intent will be filed by the Company on Form 8-K, which will be available on the Company's website in the SEC filings section.

About FNDS3000 Corp:

FNDS3000 Corp is a financial transaction processing company providing prepaid debit card and merchant processing solutions. We provide prepaid debit cards to a market with over 1 Billion individuals worldwide who do not have bank accounts, estimated at over $100 Billion in annual revenue. Our products allow employers to replace payroll checks for all workers. In addition, employers can use our products in lieu of cash to pay employees -- this may be greater than 50% of the worldwide working population. Domestic and international sharing of money, similar to Western Union(TM), is a key feature of our solution. Many of our products carry worldwide brand marks and can be used anywhere in the world that accepts those brands. Other services include gift cards, bill pay, prepaid cellular and other prepaid products.

Our merchant processing solutions provide comprehensive credit, debit, and check card payment programs. We are dedicated to the service and profitability of our merchants. The combination of card issuing and merchant processing enables FNDS3000 Corp to provide turnkey financial transaction solutions to virtually any market worldwide.

Dec 05, 2008 -- B&B ARMR Corporation, a subsidiary of Integrated Security Systems, Inc. (OTCBB: IZZI), announced today that they have completed a project valued at over $100,000 to supply B&B ARMR Model 820 barriers to a major regional petro-chemical storage and distribution facility in Southeast Asia. The new barriers will increase security and allow for improved traffic flow within the facility.

With a U.S. Department of State certification of K12, the 820 Model has been successfully crash tested and can completely immobilize a 15,000 lb vehicle traveling at speeds up to 50 mph with zero penetration. This allows a petro-chemical facility - or any other high risk facility - the ability to prevent unauthorized entry into restricted areas as well as being an effective deterrent to vehicular terrorism attempts. The B&B Model 820 barriers provide the highest level of perimeter protection and can deploy in under one second. The 820 model is just one of B&B ARMR's products that are ideal for providing perimeter security and traffic control for any low, medium or high risk facility.

This location joins other petro-chemical facilities, both domestic and international, that rely on B&B ARMR products for their perimeter security and defense needs.

About B&B ARMR

B&B ARMR Corporation is a premier engineer and manufacturer of high security, crash tested and rated barriers and perimeter control equipment for commercial, industrial, government and military use throughout the world. B&B ARMR's crash rated equipment includes: crash gates, portable barriers, drop arms, surface and shallow mounted barriers, bollards as well as hydraulic slide gate operators. B&B ARMR is the nation's oldest manufacturer of crash gates and related products dating back to 1925. Over the years B&B ARMR has built and serviced high profile customer relationships such as: The Pentagon, Department of Defense, GSA, FEMA, Exxon, Department of State, and several foreign embassies.

About Integrated Security Systems Inc.

Headquartered in Carrollton, Texas, Integrated Security Systems Inc. (ISSI) is a technology based company that provides products and services for governmental and industrial security including anti-terrorist technologies for homeland security. ISSI also designs, develops and markets safety equipment and security software to the commercial, industrial and governmental marketplaces. ISSI conducts its design, development, manufacturing and distribution activities through its wholly owned subsidiaries and joint ventures: B&B ARMR, Intelli-Site, Inc. and B&B Roadway.

Dec 5, 2008 -- Quest Minerals & Mining Corp. (OTCBB: QMLM | Quote | Chart | News | PowerRating) (Frankfurt: QMNB), a Kentucky-based operator of energy and mineral related properties, today announced that it is working in conjunction with FGX Septech, LLC., a Lexington, KY-based supplier of dry coal separators, to test a new dry coal deshaling process developed by their holding company, Tangshan Shenzhou Manufacturing, Co. Ltd (TSM), headquartered in Tangshan, Hebei Province, China. Quest has agreed to let FGX bring a smaller unit on site to test productivity and efficiency of its coal-separating device, which essentially works through the use of an air chamber and a series of vibration decks that align coal and rock particles where they can be sorted by density. FGX Septech, LLC. currently has a larger model capable of processing approximately 120 tons per hour.

Everett Hampton, President of Whitestar Mining, LLC., commented, "This separating capability would be a great addition to our operations. Sending a truckload of coal, which is less dense than rock, is much more economical than sending a truckload coal mixed with shale. Additionally, we could probably negotiate lower processing fees with our prep plants as they would save on water and other manufacturing costs."

Eugene Chiaramonte, Jr., President of Quest, stated, "This is no doubt cutting edge modernization. I believe other companies such as Anglo American (AAUK) and Shenhua Group (Other OTC:CSUAY) are exploring the use of FGX's dry coal separator as well. Of course, Quest would seek to acquire the larger separating model from FGX, assuming today's demonstration proves positive. Successful results could reduce our transportation costs and improve overall recovery. That ultimately benefits the bottom line!"

About Quest Minerals & Mining

Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal.

Dec 05, 2008 -- Wake Forest Bancshares, Inc. (OTCBB: WAKE | Quote | Chart | News | PowerRating) (the "Company") parent company of Wake Forest Federal Savings and Loan Association, announced today that its Board of Directors has approved a plan to deregister the Company's common stock under the Securities Exchange Act of 1934, as amended, and, therefore, to suspend its reporting obligations with the Securities and Exchange Commission (the "SEC"). The deregistration will be accomplished through filing a Form 15 with the SEC on December 5, 2008. Because the Company currently has fewer than 300 stockholders of record of its common stock, it is eligible to deregister its common stock. Upon filing of the Form 15, the Company's obligation to file certain reports and forms with the SEC, including Forms 10-KSB, 10-QSB and 8-K, will immediately cease.

The Company anticipates that its shares will continue to be traded on the OTC Electronic Bulletin Board under the symbol "WAKE.OB". Although the Company will not file reports and forms with the SEC, it intends to provide quarterly and annual financial information regarding the Company's performance to its shareholders on its website as well as in press releases.

Robert C. White, CEO, stated, "The Board and Management had carefully and extensively considered the Company's long term goals and its current operating environment. We estimate that the anticipated cost savings resulting from the elimination of these reporting obligations, including the incremental cost of compliance with Section 404 of the Sarbanes Oxley Act of 2002, will be financially significant. We believe that the Sarbanes Oxley legislation does not provide any discernable benefit to the Company because as a savings and loan holding company and a financial institution, we are already highly regulated and frequently examined by our banking regulators and independent auditors. We believe the Company and our stockholders are much better served by applying our financial and management resources to creating value for our stockholders and serving our customers and the communities where we operate."

Wake Forest Bancshares, Inc. has 1,157,510 shares of common stock outstanding. Based in Wake Forest, North Carolina since 1922, the Company conducts business as Wake Forest Federal from its office in Wake Forest, (Wake County), North Carolina.

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