This a press release from UCAN, which bought Madi and then changed its own name to Madison Systems, Inc. Note the date. Not much happened for four more months . . .
Monday August 18 2:53 PM EDT
Company Press Release
UCAN Corporation - Patents Pending for Network Security Switching Device
TORONTO, Ontario--(BUSINESS WIRE)--Aug. 18, 1997--UCAN Corporation (OTC BB:UCAN) wishes to announce the acquisition of 100% of
Madison Systems Inc., a technology company based in Aurora, Ontario.
The principal asset of Madison Systems Inc., is the NETWORK SECURITY SWITCHING DEVICE, designed by its President, Paul Crombie.
Patents are pending in both the United States and Canada; patents in other countries are also being considered as well. This device provides
the only available external means of obtaining compete security for a private computer Network, where access is gained by way of a modem and
telephone line.
While existing software ''firewalls'' generally provide satisfactory security for private networks from unauthorized users attempting to gain
access from the Internet, they are only partially effective at blocking access to a computer node equipped with a modem and telephone line.
The NETWORK SECURITY SWITCHING DEVICE has successfully overcome this problem by means of preventing the simultaneous
connection of a computer node with its Network and an external computer. The device physically assures that only either the modem
connection or the Network connection is active at any one time, thus preventing unauthorized access to the Network so protected.
The Company's marketing program is now actively underway, with initial customers including Human Resources Development Canada,
Revenue Canada, and the Ministry of Defense; all of which are departments of the Government of Canada. The company states that it will
continue to update the public and its shareholders on this significant acquisition.
Signed on behalf of the board
[signed] Don McNally, President
For further information on UCAN Corporation, please contact Don McNally, President, at Telephone 416/955-1350 1-800-678-1817, or by
facsimile at 416/955-0986
Contact:
UCAN Corporation
Don McNally, President
Telephone 416/955-1350 1-800-678-1817,
or by facsimile at 416/955-0986
More news for referenced ticker symbols: UCAN, and related industries: computer.
Help
Copyright c 1997 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal
reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a
public database, redistributing via a computer network or in a printed form.
Important Disclaimers and Legal Information
Questions or Comments? |
