by By Hunter R. Slaton | October 07, 2009

The New York Times reported last week that a California investment banker, Kurtis Fechtmeyer, has signed a letter of intent to purchase Verified Identity Pass, the company that ran the Clear expedited airport security lanes until its abrupt closure in early June. Fechtmeyer told the newspaper he believed his newly formed investment group could revive Clear by the end of the year. Click here to read the Times' story.