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Technology Stocks : Intelispan: IVPN

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To: John D. White who wrote (16)3/4/1999 10:48:00 AM
From: WhipsawMcGraw   of 38
 
Thursday March 4, 7:56 am Eastern Time

Company Press Release

Intelispan, Inc. Updates S&P Filing

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--March 4, 1999--Intelispan, Inc. (OTC BB:IVPN - news) announced today that it has updated its information reported in Standard & Poor's Corporate Records Manual for the year ended Dec. 31, 1998.

The update includes audited financial results for the period of its inception on Sept. 15, 1997 through Dec. 31, 1998.

''We realize that making our financial information available is a critical part of getting our story out to the investment community as a whole. Having the financial audit report issued is equally significant. It is an important and necessary step along the way to becoming a public reporting company which is our ultimate goal.'' said J. Dale Belt, Intelispan's CFO.

Intelispan offers the corporate enterprise a secure VPN network for managed remote access, Internet/extranets and business-to-business e-commerce. Unlike other VPN offerings, Intelispan has developed its network services offering on a global, private IP network which offers the benefits of cost savings of the Internet without the inherent risks of denial of service attacks and hackers so common on a public network. Intelispan also provides a unique blend of user control, enhanced security, E-commerce and network management capability that is usage-based and scalable on demand. Intelispan also offers stand-alone EDI document and public key cryptography (PKI) products for midsize and large corporate enterprises.

About Intelispan

Intelispan is a Scottsdale, Arizona based company specializing in secure business communications. Intelispan provides IP-based VPN services with secure remote access and enables the rapid deployment of electronic trading communities. Intelispan has shares listed for trading on the NASD OTC Electronic Bulletin Board OTC/BB:IVPN. For more information, visit Intelispan on the World Wide Web at www.intelispan.com.

This release includes certain ''forward-looking'' statements, including statements regarding, among other items, the company's growth strategy, industry and demographic trends, the company's ability to generate additional sales of its products and anticipated trends in its business. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including the company's need for additional financing, intense competition in various aspects of the company's business, the risks of rapid growth, dependence on key personnel, product obsolescence, and/or lack of market acceptance and other related factors.
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Contact:

Intelispan
Nina Christensen, 602/443-3999
nchristensen@intelispan.com
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