Precise Biometrics AB (publ), Corporate Identity No. 556545-6596

LUND, SWEDEN, Oct 23 (MARKET WIRE) --

Interim report for January - September 2008

* The group's net sales
for the interim period amounted to SEK 34.4 million (16.7), and for the
third quarter to SEK 16.5 million (5.4).

* Net result for the interim period amounted to SEK -18.4 million
(-25.5), and for the third quarter SEK 0.1 million (-7.4).

* Result per share for the period amounted to SEK -0.18 (-0.26), and for
the third quarter SEK 0.00 (-0.07).

* Liquid assets at the end of the period amounted to SEK 7.5 million
(37.3).

* Precise Biometrics was awarded an order for software upgrade and
support to the US Department of State, at a value of SEK 4 million.

* Precise Biometrics was awarded an order for a Match-on-Card project,
at a value of SEK 2.2 million. The order is a repeat order from an
existing customer in the Middle East and part of a larger order
comprising both hardware and Match-on-Card licenses.

Significant
events after the quarter

* Frost & Sullivan, a well renowned analytics and market research
company has awarded Precise Biometrics the "Global non-AFIS Fingerprint
Emerging Company of the Year", which is a prestigious acknowledgement of
Precise Match-on-Card(TM).

* Precise Biometrics has after the quarter ended obtained a credit
facility of SEK 15 million, which can be utilized when needed.

This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

Complete Interim Report: http://hugin.info/131387/R/1262493/276860.pdf

For further information, please contact
Thomas Marschall, President and CEO, Precise Biometrics AB
Telephone +46 46 31 11 10 or +46 734 35 11 10
E-mail thomas.marschall@precisebiometrics.com

Patrik Norberg, CFO, Precise Biometrics AB
Tel. +46 46 31 11 47 or +46 734 35 11 47
E-mail patrik.norberg@precisebiometrics.com

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