Juanita,
As per your request, I am posting my findings about Jaws Technologies. I am doing so publicly since I believe that cryptography is a very important segment of the use of the Internet. It is my opinion that very few people use it, although it should not be this way. After all, would you send your letters without an envelope? In addition, it may be of interest to others:
In searching for information and historical data for Jaws Technologies, I found the press release that follows below. (At the end of this message).
Important to note is that the former symbol was "EBIZ", since not all of the data providers have updated their database. Accessing charts might be somehow troublesome for some. However, the history I believe starts only in Sept 97. So chart use is limited. If someone has more information please post it here.
I am not a techie; therefore, I am challenged in the value of the opinion I can provide.
First, some background and reasons why...
The Crypto Anarchist Manifesto:
austinlinks.com
The Cyberpunk Manifesto:
replay.com
Vince Cate pages:
offshore.com.ai ***** excellent information.
offshore.com.ai
Cryptography
world.std.com
world.std.com
"Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men."
Ayn Rand - The Fountainhead (1943)
*************EDIT***************************************************
As I was preparing this message, I reviewed the thread, I found the comment about this company being "scary" because it is listed in a CANADIAN exchange...... (it is not)
Without getting into deep philosophical discussions, I simply will take this opportunity to point out the importance of Cryptography if we are truly going to build "a brave new world".
Nations (as in countries, flags, etc.), exists due to the courtesy of politicians, who over time have taken advantage of the restriction of information and the desire (even considered desease), by a some few smart-asses who feel compelled to tell others how one must live their lives. Of course Only according to their own rules.
To mind in this category, come: The Inquisition, The Third Reich, The Vatican, and last but not least, the American version of the Iranian Ayatolah Khomeini, the extreme Christian Coalition.
Without forgetting the U.S. Congress.... Of course.
The Internet will give the individual the power and knowledge to question the wisdom of any leader, particularly the corrupt ones.
International Commerce will become a reality, but we need encryption to make it truly viable.
The concept of a nation/flag/wars is flawed, but it has fluorished because the individual was not well informed and educated.
The Internet may change that, encryption will facilitate such free communication. The real reason the government opposes the free flow of encryption technology is the loss of control over the citizen. Any other reason given is absolute unadulterated CACA.
Same goes for the religious institutions. Sex is not voodoo, Sex is good... (Stock Technical Analysis is 1/3 Voodoo).
So No, this company will not succeed or fail because it is listed in the Canadian exchange (which is not), it will succeed or fail based in its ability to meet market needs.
In closing this edit window, I will add these quotes:
"Americans are benevolently ignorant about Canada, while Canadians are malevolently well informed about the United States."
~ J. Bartlett Brebner ~
My country is the world; my countrymen are mankind.
~ William Lloyd Garrison ~
***********************************************************end edit**
From a "common sense" approach, this company may have a niche in, which could be successful, primarily for two reasons:
1. There is an unfulfilled need for security in the communication and transmissions made via the Internet.
2. The idiotic laws in the US in reference to encryption are allowing foreign based companies an incredible window of opportunity to get ahead in this important aspect of Internet use.
In order to further evaluate this company it would be a good idea to "match them" against possible competitors, such as:
pgp.com
What seems to be the perceived king of encryption and the firm started by Mr. Phil Zimmerman. There is an interesting story about Mr. Zimmerman, (who is listed as the "spiritual advisor") I believe you can read it in the above web page.
Pgp was acquired by a firm called Network Security, (or so I can not recall the name), and as I write, the pgp.com server seems to be down so I can not access it for now.
****
I understand there is also a firm in the UK that has also produce an encryption software that because it is outside of the US is as good as any other good program, but without the US restrictions. I had it bookmarked, but I can not find it, as soon as I do, I will post it
This could be important competition.
Other competitors: (NOT NECESSARILY PUBLIC COMPANIES).
ultimateprivacy.com This has a 1 Million Dollar Challenge
ultimateprivacy.com news on above
One of the main obstacles to the use of encryption by the public (potentially, an important market), is the perceived difficulty in its use. Pgp (and I assume others), are working on windows type of user friendly interfaces to solve such perceived view.
Alternatively, there are "anonymizers", that "hide" the user as he/she travels through the Internet. Anonimizer, could be a possible form of "indirect" competition:
anonymizer.com
Read the above link as it has important information as to the reasons to use either the above program, or indeed encryption.
Additional links:
austinlinks.com
Any way I could go on, in short encryption is one of the important ingredients for the absolute success of the Internet as an established media of communication and commerce in the years to come.
Jaws Technologies in principle indeed seems like a good opportunity for the investor to enter this field that seems to be untapped.
There are some negatives:
I am not fully familiar with inter-compatibility of encryption software, i.e.: for example, I know that even different versions of pgp are incompatible with one another, however the newer version (v.5.3 and beyond), seem to be somehow compatible with the older versions of their own software.
The above has to do with the "algorithm" used in producing the encryption keys, I know pgp uses RSA and Diffie-Helmann. However my understanding is that in the newer versions, pgp has droped the use of RSA, but it has maintained a compatibility to communicate with some older versions using the RSA, again I am not 100% certain of this.
This problem becomes important if pgp, who I understand has a considerable lead in the number of users, is not compatible with Jaws technologies encryption.
That means Jaws faces the problem of convincing current users of pgp to have to use Jaws software, in order to communicate with those who already have jaws technologies.
It seems to me that it becomes inpractical to have all kinds of encryption softwares in order to communicate with the most people.
It is a similar problem as with the use of operating systems.
Unless Jaws encryption can talk to other encryption public keys, then it becomes a matter of "who can have more software out there as a consumer base, to whom I can sell my upgrades to".
And remember, pgp in a "basic" form (for the "peasants-like") is FREE, only the commercial grade is for sale).
The questions for the investors area:
1. Is the corporate/institutional client the main market?
2. Is the market out there big enough to support the entry of another competitor, such as Jaws technologies?
3. Is Jaws technologies strong and well funded, to substain a long period of no earnings, even losses, in order to establish themselves, with the eventual objective of becoming profitable?
Some of the above questions seem to have the answer in their web site, see "company highlites" jawstech.com
From my perspective, the biggest card they have is the fact that being a Canadian company, they would not be under the jurisdiction of US laws that restrict the export/sale of strong encryption to other countries, (otehr than the US and Canada.
The above, has a proviso, which is, If Jaws are registred in the OTC/US exchange, does that make them be under the US jurisdiction?
Indeed an important consideration, since listing in a Canadian exchange, would deteriorate the attractiveness of investing in this company due to exchange rate of the Cnadian currency, which has been a big problem in the last few years, since the US dollar has been very strong.
This last point has affected not only Canadian but many other foreign listed companies, since even if the stock is up 40%, the currency in question may be 15% to 20% down (or more, see Indonesia).
Finally as an aside, (bnut related), this bring an interesting point to analyse further. I have recently learned that the Argentinean exchange "MERVAL" will be opening its market to foreign companies.
see: biz.yahoo.com
Why is this relevant:
1. The Argentinean Peso, has a 1 to 1 parity with the US dollar, it has been in effect for a few years now, with some apparent success, how long will that continue has much to do how the Argentinean Government handles their economy.
2. I do not know what the "listing requirements" will be, but I can not immagine that they would be as stringent as those required by the SEC and the respective exchanges in the US.
3. The Merval could become an International Exchange of choice in order to fund international operations, again, given the parity with the US dollar, and with a less restrictive environment for listing requirements.
4. The use of appropriate encryption software in communicating with such an exchange, (brokers, e-mail, clients etc.) could be a way in which to expand, internationally, the use of Jaws Technologies software.
5. There are other considerations, but that would be "company specific" (the ones interested in listing in the Merval).
All of the above, of course, are only my opinions, I am not qualified in any way shape or form to give any kind of advise, I am posting the above because, aside from a request from Juanita, I have a hyper-active imagination.
Have to go now.
Z.
*******************************************************
What follows is the press announcemet re: Jaws/EBIZ
biz.yahoo.com
Wednesday February 25, 9:00 pm Eastern Time
Company Press Release
SOURCE: E-Biz Solutions, Inc.
E-Biz Solutions Acquires Software Developer
CALGARY, Alberta, Feb. 25 /PRNewswire/ - E-Biz Solutions, Inc. (the ''Company'') announces that it has completed the acquisition of
Jaws Technologies, Inc. (''Jaws''), the owner and developer of a ground-breaking new encryption software.
As a result of the acquisition and effective immediately, the Company has appointed the following new Board of Directors: Mr. Rob
Kubbernus, Mr. Cameron Chell, and Dr. C. J. Weinstein.
Also, Mr. Randy Larson has resigned as President of the Company. Mr. Robert Kubbernus has been appointed as the new President,
effective immediately.
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 or achievements expressed or implied by such forward-looking statements. Such factors include, but are not
limited to, risks associated with international operations, dependence on 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 anyobligation 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: E-Biz Solutions, Inc.
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