Hi let,
I think NNS is down just due to the overall market situation. Not an ideal day for a news release, but here it is:
Net Nanny Software International Inc NNS
Shares issued 11,595,459 1998-08-26 close $0.77
Thursday Aug 27 1998
Mr. Gordon Ross reports
The company has released the Alpha version of BioPassword, the company's patented access control technology based on keystroke dynamics.
Located at www.netnanny.com and www.biopassword.com, the Alpha version is available for download by the media, analysts, home and corporate computer users who are interested in seeing for themselves how technology that is based on an individual's unique rhythm, can protect privacy and valuable data, as well as improve consumer confidence in online transactions.
The company has posted the demo on its web site to receive feedback from the general public and the computer industry to assist the company with feature enhancements and marketing ideas. The Alpha will be followed by an official launch of the software-based product at Internet World, Oct. 5-9, 1998 in New York. BioPassword will initially be available through the OEM channel and pricing is currently being determined.
Each year, security breaches result in millions of dollars in losses for some of the largest companies in the world. BioPassword addresses the increasing need, in both corporate and home environments, to provide cost-effective, reliable, virtually foolproof password management and access control solutions.
The technology can be adapted to any application that uses a keyboard or keypad, such as computers, automated teller machines, telephones and keyboard locks. BioPassword will not require additional, expensive peripheral equipment to function, so the technology is less expensive and obtrusive than existing technologies such as retinal scans, fingerprint scanning and voice-and face-recognition technologies. This will ensure that BioPassword is competitively priced and will give the company a major advantage in marketing the product. The product is expected to have an immediate impact by providing security solutions for both the home and business. Anticipated applications range from e-commerce, online banking, access to databases and intranets, access to LANs and WANs through VPN technologies and other remote access security solutions.
BioPassword is what people have been waiting for because it is flexible, inexpensive to deploy and trustworthy.
The company plans to incorporate BioPassword into Net Nanny's existing product line, further enhancing the company's reputation as a leader in innovative product design and a market leader in the emerging Internet filtering market. Anticipated customers for the finished product include government departments and agencies, banks and financial institutions and many others requiring high-end security functionality. BioPassword can function as a stand-alone technology but works best when integrated with other security solutions such as encryption, VPN, logon and password access control solutions.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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