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Technest Holdings Presents Innovative EARCAD System at AudiologyNOW 2008, April 2-5, in Charlotte, N.C.


Technest Holdings Inc.

2008-04-01 12:48:00

Technest Holdings Presents Innovative EARCAD System at AudiologyNOW 2008, April 2-5, in Charlotte, N.C.

BETHESDA, MD–( EMWNews – April 1, 2008) – Technest Holdings, Inc. (OTCBB: TCNH), a

world-class 3D imaging company transforming state-of-the-art technology

into real world products, will debut its new line of EARCAD™ imaging

products at AudiologyNOW!, the 20th anniversary convention of the American

Academy of Audiology (AAA) in Charlotte, North Carolina, April 2-5, 2008.

At Exhibit # 2258, members of Technest’s management team will launch the

Company’s innovative EARCAD (Ear Impression) System, demonstrating and

explaining its important applications in the custom hearing aid and ear

mold markets. More than 7,000 hearing professionals and major hearing aid

manufacturers are expected to attend this year’s convention.

Technest’s EARCAD System automates the process of converting a physical ear

impression into a 3D model for streamlined production and quality control.

Initial applications are for manufacturers looking to streamline their

operations and for audiology practices seeking to improve turnaround times

and accuracy.

EARCAD provides audiologists and manufacturers with a total value-added

solution from its range of impression and non-impression scanners and

associated software. In particular the non-impression scanner is well

suited to the new “behind the ear” fit models which are approaching 50% of

all hearing aids sold. Technest is currently in discussions with several

major manufacturers about the commercial implementation of these systems.

Approximately 2.5 million hearing aids were sold in the United States in

2007 and the retail market worldwide was over $6 billion. Market

penetration still has considerable potential growth as 17.6% of the U.S.

population, or 56 million people, are over the age of 60 with increasing

life expectancy.

About AudiologyNOW! and the American Academy of Audiologists

Audiology NOW! is the premier event of the American Academy of Audiology,

the world’s largest professional organization of, by and for audiologists.

With an active membership of more than 10,000 audiologists, the Academy

promotes quality hearing and balance care by advancing the profession of

audiology through leadership, advocacy, education, public awareness and

support of research. To learn more about the audiology profession and how

audiologists are helping the 31 million Americans who have hearing loss,

please visit the Academy’s website at

About Technest Holdings, Inc.

Technest Holdings, Inc. is a provider of: advanced remote sensor systems,

intelligent surveillance and advanced 3D imaging technology solutions to

the defense, homeland security and healthcare marketplaces. Technest is

committed to setting next-generation imaging standards through the

provision of innovative emerging technologies. Through strategic

development, Technest focuses on the creation of dual-use technology and

products with applications in healthcare as well as the fields of defense,

civilian homeland security and law enforcement.

To learn more about Technest Holdings Inc., (OTCBB: TCNH) please visit the

company’s Web site at To receive email updates about

the company and to be added to Technest Holdings investor lists, please

sign up at or contact Adam Brooks at [email protected].

Investors are cautioned that certain statements contained in this press

release are “forward-looking” statements within the meaning of the Private

Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking

statements include statements which are predictive in nature, which depend

upon or refer to future events or conditions, which include words such as

“expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” or

similar expressions. In addition, any statements concerning ongoing

business strategies or prospects, applicability, benefit and use of our

product and services, and possible future actions, which may be provided by

management, are also forward-looking statements as defined by the Act. Some

of the factors that could significantly impact the forward-looking

statements in this press release include, but are not limited to: the

functionality of our product; our capabilities; a rejection of the

Company’s products and technologies by the marketplace; and disputes as to

the Company’s intellectual property rights. Forward-looking statements are

based upon current expectations and projections about future events and are

subject to risks, uncertainties, and assumptions about Technest Holdings,

its products, economic and market factors and the industries in which

Technest Holdings does business, among other things. These statements are

not guarantees of future performance and Technest Holdings has no specific

intention to update these statements. More detailed information about those

factors is contained in Technest Holdings’ filings with the Securities and

Exchange Commission.

Pursuant to a May 15, 2007 agreement, Consulting For Strategic Growth1,

Ltd. (“CFSG1”) provides Technest Holdings, Inc. with consulting, business

advisory, investor relations, public relations and corporate development

services. Independent of CFSG1’s receipt of cash compensation from

Technest Holdings, CFSG1 may choose to purchase the company’s common stock

and thereafter liquidate those securities at any time it deems appropriate

to do so.


Stanley Wunderlich
Consulting for Strategic Growth 1
T: 1-800-625-2236
F: 1-646-205-7771
Web site:

Daniel Stepanek
EVP Media
Consulting for Strategic Growth 1
T: 1-646-205-7767
F: 1-646-205-7771

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