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MG Strategies: BIO-key(R) Reports First Quarter 2008 Results(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:16052008 MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Investors wanting to know the truth about investing and how to consistently profit from whatever the markets throw our way should sign up to www.maybachfinancial.com for a free trial subscription. Through our numerous partnerships with many of the top investment minds in the world, we provide research on every company making a move in the markets. Investors seeking genuine analyst opinions on their investments for should take this opportunity to get free in-depth research on numerous publicly traded companies by becoming a member today. On Thursday, May 15, 2008, we have added BIO-key International Inc. (OTC BB: BKYI) to the list of potential prospects. ***Please visit our site to find genuine analyst reports on numerous publicly traded companies BIO-key International Inc. was down less than $0.004 on above average volume early trading Thursday, May 15, 2008. They recently announced the following: Thursday, May 15, 2008 BIO-key International, Inc., a leader in wireless public safety and finger-based biometric identification solutions, today announced its financial results for the first quarter ended March 31, 2008. 2008 First Quarter Consolidated Results Total revenue from continuing operations for the three months ended March 31, 2008 was $2.5 million representing a decrease of 3.8% from the $2.6 million reported for the quarter ended December 31, 2007. BIO-key's gross margin for the first quarter of 2008 was 82.6% compared to 85.6% for the previous quarter. Operating expenses from continuing operations for the first quarter of 2008 remained flat at $3.0 million compared to the quarter ended December 31, 2007. BIO-key's operating loss from continuing operations for the first quarter of 2008 increased by $0.3 million to ($0.9 million) from ($0.6 million) reported in the previous quarter. "Our quarterly results continue to reflect growing demand in our biometrics business which we began to see several quarters ago," said Michael DePasquale, BIO-key's Chief Executive Officer. "During the first quarter of 2008, the Company recognized revenue on several large commercial biometric orders, as well as from an international voter registration order. We believe these orders indicate an inflection point in the growth of our biometrics business in the coming quarters of this year. We are also very excited about the prospects for our recently deployed initiative with wireless carriers on handheld devices tailored for public safety use. This business opportunity enables us to leverage our broad installed base in public safety to drive sales." DePasquale concluded, "We are seeing unprecedented industry-wide interest in biometrics and wireless applications. I believe the market is finally catching up to our value proposition of biometrically secure identification. We believe we are well positioned for profitability." BIO-key's net loss was ($0.9 million) for the first quarter ended March 31, 2008 compared to a net loss of ($0.6 million) for the fourth quarter of 2007. The first quarter 2008 net loss per share was ($0.02) compared to a net loss per share of ($0.02) for the previous quarter. 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