To All posted a bio on Jaws JAWZ technology about 3 or 4 weeks ago,and today they have made the news release that will propel the company forward I suggest people have a look and do their DD.
Attention Business Editors:
JAWS Technologies and Ernst & Young Form Strategic Partnership
CALGARY, March 3 /CNW/ - JAWS Technologies Inc.(NASD-OTC BB: ''JAWZ''), a
provider of the best in information security technologies and practices, today
announced that the company has signed a strategic marketing and technology
agreement with Ernst & Young LLP, one of the fastest growing professional
consulting firms providing, among other things, full scale IT system security
management practices.
Under terms of the alliance, JAWS Technologies will provide Ernst & Young
with its full spectrum of high level security technologies, services, and
expertise to enhance the firm's Information Systems Assurance and Advisory
Services (ISAAS) practice. Ernst & Young, through the Alliance, will provide
its clients access to leading encryption technologies, educational programs,
specialized services and client focused encryption solutions.
''This Alliance positions JAWS as one of the leaders in the IT security
marketplace.'' said Robert Kubbernus, CEO, JAWS Technologies Inc. ''We are
excited at having the opportunity to work and develop solutions for many of
Ernst & Young's clients and I believe our clients will benefit from the
breadth and depth of our combined technologies and services.''
''It's a small company, but great technology,'' said Chris Anderson,
Canadian Director of Ernst & Young's information security services. ''JAWS'
encryption technologies is one of the strongest, fastest and easiest to use
products and technologies in this market''.
John Kennedy, COO, Cenco Technologies Corp., an international company
specializing in sophisticated IT systems for large financial institutions says
''The agreement between Ernst & Young LLP and JAWS Technologies Inc. further
enhances what was already a comprehensive suite of security products and
service offerings being considered by our company to assist many of our
international bank clients.''
The combination of Ernst & Young's security consulting practice and JAWS
Technologies products and technologies address the increasing demand for
corporate information risk management strategies. Frost & Sullivan reports
that ''the importance of network security solutions has grown critical. The
market has grown significantly as business-to-business transactions have
increased over the Internet'' (U.S. Encryption Application Markets, pp 1-1,
1998). For example, Frost & Sullivan forecasts that total revenue for the
market segments JAWS is clearly focused on will exceed $ 3,000,000,000 (USD)
by the year 2004 in product sales only.
About Ernst & Young
Ernst & Young provides assurance and advisory business services, tax and
consulting services for both domestic and international clients. Over the
past decade Ernst & Young has developed new client offerings including the
Information Security Services practice which is a practice with the firms
Information Systems Assurance and Advisory Services (ISAAS) practice. The
Information Security Services practice provides clients with systems
architecture and implementation services, business continuity planning and
electronic commerce services such as trusted third party and secured host
certification. Assurance services include assessing information system
controls, data analysis and forensics. ISAAS also provides application
controls consulting, including security reviews of SAP R/3, PeopleSoft and
Oracle Financials implementations. In addition, the information Security
Services practice provides a full service approach to information security
complemented by its research and reporting, national technical support
centers, and market alliances with leading technology providers.
About JAWS Technologies
JAWS Technologies, Inc. (NASD-OTC BB: ''JAWZ'') JAWS Technologies Inc. is
dedicated to the development and integration of information risk management
strategies for secure business practices on a global scale. JAWS Technologies
offers an extensive security consulting practice that addresses explicit
business requirements. The JAWS IT Security Practice, performed by a team of
high caliber security experts, encompasses a robust series of IT audit
routines. JAWS Technologies is at the forefront of the cryptography industry
with uncompromised security technologies. The sophistication of proprietary
security technology solutions coupled with leading edge packaged data
encryption software products provides JAWS clients fast, strong and
easy-to-use security management tools. For more information, visit the
company's web site at www.jawstech.com. Forward all investment inquiries to
invrel@jawstech.com or call 1-888-301-5297.
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
necessarily 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.
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For further information: Robert Kubbernus, CEO; Barrie Einarson,
Investor Relations, (888) 301-5297, E-mail: rob@jawstech.com
J.oil |
