News Out
Wednesday December 16, 1:14 pm Eastern Time
Company Press Release
SOURCE: JAWS Technologies Inc.
JAWS Technologies Signs Letter of Intent for
Distribution of JAWS L5 E-Mail Encryption Software
CALGARY, Alberta, Dec. 16 /CNW-PRN/ - JAWS Technologies Inc. (NASD-OTC BB: ''JAWZ'') is pleased to announce that
the Company has signed a letter of intent with a client to deliver a site licence for the JAWS L5 E-Mail Encryption software. In
addition to the initial site licence for over 50,000 users, subsequent sales of the JAWS L5 E-Mail Encryption product are expected
to total revenue of over $2.574 million over the next 36 months. Billing is expected to commence in the first quarter of 1999.
''This is a milestone agreement for us because it gives us predictable and known revenue over a 3 year period'', said Robert
Kubbernus, CEO, JAWS Technologies Inc. ''It also confirms our business plan to market secure e-mail solutions to ISP's, system
integrators and corporate clients interested in providing their clients with enhanced security solutions.''
''We believe that public key technology is emerging as the cornerstone of the future business infrastructure'', says a report on
Public Key Infrastructure by Hambrecht & Quist LLC published in April, 1998 (www.iword.com). ''Companies offering clearly
defined security products using a solutions oriented sales approach and focusing on vertical markets applications offer outstanding
investment opportunities. With growing demand for secure communications and trusted commerce in an online world, we
anticipate market demand will accelerate in 1998 as standards mature and initial systems are implemented.''
The JAWS L5 E-Mail Encryption solution is a unique combination of strong encryption software integrated with a public key
system to create secure e-mail routines. JAWS Technologies has developed a protocol that addresses the vulnerabilities of
unsecure e-mail transactions. This e-mail solution involves the use of a central public key server and instantaneous encryption
processes.
About JAWS Technologies
JAWS Technologies, Inc. (NASD-OTC BB: ''JAWZ'') JAWS Technologies Inc. is dedicated to the development and integration
of information risk management strategies for secure business practices on a global scale. JAWS Technologies offers an
extensive security consulting practice that addresses explicit business requirements. The JAWS IT Security Practice, performed
by a team of high caliber security experts, encompasses a robust series of IT audit routines. JAWS Technologies is at the
forefront of the cryptography industry with uncompromised security technologies. The sophistication of proprietary security
technology solutions coupled with leading edge packaged data encryption software products provides JAWS clients fast, strong
and easy- to-use security management tools. For more information, visit the company's web site at www.jawstech.com.
Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities
Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the
transaction and enhance operating results, are necessary subject to risks and uncertainties, some of which are significant in scope
and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from
time to time with the Securities and Exchange Commission in the future.
SOURCE: JAWS Technologies Inc.
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Barrie Einarson
Investor Relations
bbruin@home.com
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