EANS-News: Identive Group Inc. / Identive Group raises $10.35 million in private placement to support continuing growth

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Financing, Stock Offerings (IPO)

SANTA ANA, Calif. and ISMANING, Germany, November 14, 2010 (euro
adhoc) - Identive Group, Inc. (NASDAQ: INVE; Frankfurt Stock
Exchange: INV), a provider of products, services and solutions for
the security, identification and RFID industries, today announced
that it has entered into subscription agreements for the private
placement of up to 4,097,624 shares of its common stock to accredited
and other qualified investors in the United States and
internationally. The anticipated gross proceeds will be approximately
$10.35 million, or $2.525 per share, a premium of $0.125 over the
NASDAQ closing price of the Company´s shares on November 12, 2010.
The Company also issued to the investors warrants to purchase up to
an additional 4,097,624 shares of common stock, exercisable for a
period of five years, with a cash exercise price of $2.65, a premium
of $0.25 per share over the NASDAQ closing price on November 12,
2010. If exercised in full, the warrants would bring in an
additional $10.86 million in cash to the Company. The proceeds will
be used to fund future acquisition and growth activity and for
general corporate purposes.

Ayman S. Ashour, chairman and chief executive officer of Identive
Group, commented, "We are pleased that our vision of building the
signature company in secure ID is receiving more traction with the
financial community. We remain firm in our philosophy to pursue
growth opportunities that are accretive to our shareholders, whether
we are paying in cash or shares. It was very important for us to
raise additional cash at terms attractive to Identive and to Identive
shareholders and we believe that in the current market these terms
are very good indeed. We are proud that we have been able to gain
this strong endorsement from existing and new investors."

Ashour added, "The ID management and RFID markets in general are
experiencing strong growth, and our industry remains highly
fragmented, which creates the opportunity for further consolidation
while we continue our strong organic growth."

The securities will be issued in a private placement to accredited
and other qualified investors in the United States and
internationally in reliance upon available exemptions from the
registration requirements of the U.S. Securities Act of 1933,
including Section 4(2) thereof and Regulation D and Regulation S
thereunder, as well as comparable exemptions under applicable state
and foreign securities laws. Certain insiders and affiliates also
participated in the offering on the same terms and conditions. The
securities have not been registered under the Securities Act of 1933
and may not be offered or sold in the United States in the absence of
an effective registration statement or exemption from such
registration requirements. Pursuant to the terms of the subscription
agreements, the Company plans to file a registration statement with
the Securities and Exchange Commission following the closing of the
transaction to register the shares and shares underlying the warrants
for resale. The transaction is expected to close on or about
November 18, 2010.

Morgan Joseph LLC acted as financial advisor to the Company in
connection with the placement. iTell AG and Alternative Capital
Management AG acted as financial advisors to the Company outside the
United States. Greenberg Traurig LLP served as legal advisors to the
Company.

About Identive Group Identive Group, Inc. (NASDAQ: INVE; Frankfurt
Stock Exchange: INV) is an international technology company focused
on building the world´s signature group in secure
identification-based technologies. The businesses within Identive
Group have deep industry expertise and are well-known global brands
in their individual markets, providing leading-edge products and
solutions in the areas of physical and logical access control,
identity management and RFID systems to governments, commercial and
industrial enterprises and consumers. Identive´s growth model is
based on a combination of strong technology-driven organic growth
from the businesses within the group and disciplined acquisitive
development. For additional info visit: www.identive-group.com.

Safe Harbor Statement This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements can be identified by
words such as "anticipates," "believes," "plans," "will," intends,
"expects," and similar references to the future. Examples of such
statements include the expected closing date of the private placement
and potential growth opportunities for the Company. These statements
are based on current expectations or beliefs, as well as a number of
assumptions about future events that are subject to risks and
uncertainties that may cause actual results to differ materially from
those contemplated herein. Readers should not unduly rely on these
forward-looking statements, which are not a guarantee of future
performance and are subject to a number of risks and uncertainties,
many of which are outside our control, that could cause our actual
business and operating results to differ. Factors that could cause
actual results to differ materially from those in the forward-looking
statements include our ability to successfully complete the private
placement and our ability to execute our growth strategy. For a
discussion of further risks and uncertainties related to our
business, please refer to our public company reports, including our
Annual Report on Form 10-K for the year ended December 31, 2009 and
subsequent reports filed with the U.S. Securities and Exchange
Commission.

end of announcement euro adhoc
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ots Originaltext: Identive Group Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Herr Fabien B. Nestmann

Tel.: +49 89 9595-5544

E-Mail: investorrelations@identive-group.com

Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: Prime All Share, NASDAQ
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
New York / regulated dealing