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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ

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To: justaninvestor who wrote ()5/6/1998 2:02:00 PM
From: justaninvestor  Read Replies (1) of 3086
 
To All - Press Release - This guy looks like he has the right stuff.

JAWS TECHNOLOGIES INC. (NASD-OTC BB:
"JAWZ")
Suite 380, 603 - 7th Avenue SW / Calgary, Alberta T2P 2T5
Phone (403) 508-5055; (888) 301-JAWS / Fax (403) 508-5058

FOR IMMEDIATE RELEASE
Date: May 5, 1998
Contact: Chris McNeill, Investor Relations
1 (403) 508-5055, 1 (888) 301-JAWS, Fax: 1 (403) 508-5058

JAWS Appoints VP Sales & Marketing

Calgary, Alberta -

JAWS Technologies Inc. (NASD-OTC BB: "JAWZ") is pleased to announce that
the Company has appointed Mr. Mitch Tarr as Vice President of Sales and
Marketing.

Mr. Tarr brings almost 20 years of sales, marketing, and management
experience to JAWS Technologies. He has worked in the computer,
high-tech and software fields with companies such as IBM Corporation,
ADR (a subsidiary of Ameritech Inc.) and AccuMap EnerData Corp. His
expertise will allow JAWS Technologies Inc. to quickly build top-level
sales and distribution channels to deliver JAWS products to market. Mr.
Tarr will be instrumental in managing the product roll-out as well as
the $5,000,000 "Break the Code" Contest.

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 Company 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.

For more information, contact the company at 1(888)301-JAWS or visit the
website at www.jawstech.com.

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