JAWS Announces Launch Date for 'L5' Bit Encryption
PR Newswire, Thursday, April 23, 1998 at 09:50
CALGARY, Alberta, April 23 /PRNewswire/ -- JAWS Technologies Inc.
(BB: JAWZ) is pleased to announce the launch dates for its
"L5" 4096 Bit Encryption Software. The estimated timelines necessary to
produce the "L5" Encryption software to the Company's specifications have been
moved to May 10th, 1998. Announcements regarding the Company's $5,000,000
"Break the Code" Contest should be made at approximately the same time.
The Launch of "L5" was originally scheduled for the first week in March.
After delivering the software to a media duplicating service it was discovered
that the manufacturer was unable to bypass the anti-duplication software
component on the "L5" CD master copy. The anti-duplication component of the
"L5" software is proprietary to JAWS. As a result, management has decided
that the manufacturing process will be brought "in house." The required
duplication machinery has been purchased by the Company and will be installed
shortly.
JAWS Technologies Inc. is the owner and developer of what is considered to
be the world's strongest encryption software, JAWS "L5" 4096 Bit Encryption.
With its numerous programming enhancements and abilities, JAWS "L5" is fully
developed security software that is ideal for both personal and corporate
security use. With the explosion of Internet commerce and the skyrocketing
use of computer data systems, computer security has risen to become a primary
concern for leading edge IT professionals. JAWS Technologies Inc. is moving
forward with its flagship "L5" products as well as further research and
development in the information security field. The Corporation anticipates
several world-class product launches within the next 24 to 48 months.
Security has become the single most important issue in the current
IT paradigm shift. As the rapid change from private system computing to
public system computing continues, the opportunities for intruders and the
need for improved security escalates. Amateur and highly paid professional
hackers are out-pacing the abilities of the security solution providers.
Billions of dollars of information could wind up in the wrong hands. Such
security issues will become even more pronounced in the future.
Certain statements in the press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements made by the Company involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from the
future results, performance of achievements expressed or implied by such
forward-looking statements. Such factors include, but are not limited to,
risks associated with international operations, dependence on licenses,
governmental regulations, technological changes, intense competition and
dependence on management. Given these uncertainties, investors are cautioned
not to place undue reliance on such forward-looking statements. The Company
disclaims any obligation to forward-looking statements contained herein to
reflect any change in the Company's expectation with regard thereto or any
change in events, conditions, circumstances or assumptions underlying such
statements.
SOURCE JAWS Technologies Inc.
-0- 04/23/98
/CONTACT: JAWS Technologies Inc., 888-301-JAWS/ |
