I B NET Partners with WISeKey to Promote Security of B2B Marketplaces
NEW YORK, Nov 15, 2001 /PRNewswire via COMTEX/ -- I B Net, Ltd. (OTC: IBNT), an
e-commerce provider focusing its efforts on small to medium-sized companies,
announced today that it has partnered with The World Internet Secure Key
(WISeKey), the world's largest public key infrastructure and global common ROOT
service, to establish a secure B2B marketplace by combining the international
WISeKey B2B community and Registration Authorities with I B Net's Tradelert(TM)
B2B marketplace.
The partnership will benefit subscribers of both companies. Businesses
subscribing to I B Net's Tradelert e-marketplace will receive digital
certificates ensuring confidentiality, authenticity and integrity of information
from companies they do business with. The two million subscribers to WISeKey's
suite of services will find their e-marketplace expanded to a global network,
based on Tradelert's technology.
I B Net estimates that, based on its $200 per
subscriber revenue model, the agreement with WISeKey may generate annual
revenues of several million dollars by the end of fiscal 2003.
"The strong synergies that exist between I B Net and WISeKey led quite naturally
to this partnership. We are now able to offer our subscribers the highest level
of B2B security available," commented Myrna Z. Weiss, president and CEO of I B
Net.
About I B Net, Ltd.
I B Net is an e-commerce provider. Its flagship product, Tradelert(TM), which
was developed in partnership with IBM, is a global business-to-business
e-marketplace designed for small and medium size enterprises. For more
information, visit www.tradelert.com.
About WISeKey
WISeKey is a privately-owned company based in Geneva, Switzerland that provides
Root Certification Authority services to Certification Authorities worldwide.
The trustworthiness of WISeKey's services is based on their carefully
orchestrated security practices and procedures used exclusively for the issuance
of high-security certificates to Certification Authorities and other entities
that form part of the operational services of the globally interoperable PKIs
below it. As part of WISeKey's security procedures, the Global Root Private
Cryptographic Key used to issue certificates is stored in an off-line
high-security facility deep in the Swiss Alps. For more information visit
www.wisekey.com.
Contact: I B Net, Myrna Weiss, 212-398-4666; Investor Relations: OTC Financial
Network, Geoffrey Eiten, 781-444-6100 or 800-372-0495, ext. 613; email:
geiten@otcfn.com or visit www.otcfn.com/ibnt.
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