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JAWZ (OTCBB)
Attention Business Editors:
JAWS Technologies Announces L5 Data Encryption Software for the 3Com Palm III(TM)
CALGARY, Oct. 26 /CNW/ - JAWS Technologies Inc. (NASD-OTC BB: ''JAWZ'')
is pleased to announce that the company has developed 4096-bit encryption
software for the 3Com Palm III(TM) product.
3Com's Palm Computing platform has quickly established itself as the de
facto open standard in the handheld computer market world-wide. The most
recent Dataquest figures show that Palm products led the international arena
with 63 percent of the market in the first half of 1998.
Mr. Mitch Tarr, Vice President Sales and Marketing of JAWS Technologies
said, ''The success of the Palm III(TM), combined with the amount of sensitive
data which is being taken on the road, highlights serious opportunity for loss
or theft of this sensitive data. We wanted to provide Palm III users with the
strongest encryption software available.'' With over 3 million units in
circulation plus a significant growth rate in the handheld computer markets,
we believe that we should achieve sales results of over two million dollars in
the handheld device market segment within the next 18-month period. This does
not include results from any Microsoft Window CE(TM) handheld markets that
JAWS believes they will be ready for in the second quarter of 1999.
JAWS L5 is described by experts as being the strongest and most
sophisticated encryption software in the market The JAWS L5 software
application quickly encrypts as a means to control confidential information
stored on 3Com Palm III(TM) devices.
The L5 Data Encryption Software-Palm III(TM) Edition is available by
calling JAWS Technologies at 1 888 301-5297. The first customer shipment is
scheduled for November 30, 1998.
JAWS Technologies, Inc. (NASD-OTCBB: ''JAWZ'') is a leading provider of
security technology for the network, PC and portable computing markets.
Founded in 1998, JAWS is the first company to develop 4096-bit data encryption
software for the best security coding currently on the market. The advanced
encryption technology enables individuals and corporations to quickly and
securely control desktop, Internet, remote and network access to confidential
information. JAWS is headquartered in Calgary, Canada, and distributes its
products via retail, OEM and on-line channels.
Forward-looking statements and comments in this press release are made
pursuant to safe harbor provisions of the Securities Exchange Act of 1934.
Such statements relating to, among other things the prospects for the
companies to complete the transaction and enhance operating results, are
necessary subject to risks and uncertainties, some of which are significant in
scope and nature. These risks may be further discussed in periodic reports and
registration statements to be filed by the Company from time to time with the
Securities and Exchange Commission in the future.
-30-
For further information: Investor Relations, Chris McNeill,
1(888)301-5297, E-mail: invrel@jawstech.com, website: www.jawstech.com
JAWS TECHNOLOGIES INC. has 19 releases in this database.
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