Intellicheck Mobilisa Announces Closing of Public Offering of Common Stock

PORT TOWNSEND, Wash.--()--Intellicheck Mobilisa, Inc. (NYSE MKT:IDN), a leader in ID verification and wireless technology, announces the closing of a previously announced underwritten public offering of 4,857,143 shares of its common stock, offered at a price to the public of $1.75 per share. The total gross proceeds to Intellicheck Mobilisa from this offering are approximately $8,500,000 before deducting the underwriting discount and other estimated offering expenses payable by Intellicheck Mobilisa.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

The offering is being made pursuant to a registration statement that Intellicheck Mobilisa previously filed with the Securities and Exchange Commission (the "SEC") and which is effective. A final prospectus has been filed with the SEC. Electronic copies of the final prospectus may also be obtained by contacting Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY, 10019, telephone: (212) 813-1010 or email: prospectus@aegiscap.com. Electronic copies of the final prospectus are also available on the SEC's website located at www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.

About Intellicheck Mobilisa

Intellicheck Mobilisa is a leading technology company providing wireless technology and identity systems for various applications, including mobile and handheld access control and security systems for the government, military and commercial markets. Products include Defense ID, an advanced ID card access control product currently protecting military bases and secure federal locations; ID Check, a patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issued IDs, designed to improve the Customer Experience for the financial, hospitality and retail sectors; and Aegeus, a wireless security buoy system for the government, military and oil industry.

For more information on Intellicheck Mobilisa and ICMOBIL, please visit www.icmobile.com.

Cautionary Statement Regarding Forward Looking Statements

The statements in this press release that are not historical facts may constitute forward-looking statements including, without limitation, the statements regarding Intellicheck Mobilisa's proposed offering, that are based on current expectations and are subject to risks and uncertainties that could cause actual future results to differ materially from those expressed or implied by such statements. Those risks and uncertainties include, but are not limited to, risks related to general market conditions, development and product commercialization activities, and the success of its research, development and expansion of sales and marketing team, plans and strategies. These and other risks and uncertainties are identified and described in more detail in Intellicheck Mobilisa's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the year ended December 31, 2013, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. Intellicheck Mobilisa undertakes no obligation to publicly update or revise any forward-looking statements.

Contacts

Dian Griesel Int’l.
Investor Relations:
Cheryl Schneider, 212-825-3210
or
Media Relations:
Enrique Briz, 212-825-3210

Release Summary

Intellicheck Mobilisa announces the closing of a public offering of 4,857,143 shares of common stock offered at $1.75 per share for total gross proceeds of approximately $8.5 million.

Contacts

Dian Griesel Int’l.
Investor Relations:
Cheryl Schneider, 212-825-3210
or
Media Relations:
Enrique Briz, 212-825-3210