Press Release
I think that this is a great Press Release for JAWS. The deal with FutureLink is nice, but more importantly, it establishes our partnership with Citrix. This is the company that took Robert Kubbernus, JAWS CEO, to England last month and there will be much more to come as our relationship develops. Citrix has around 8 million screens worldwide through their Value Added Reseller (VAR) network and JAWS will certainly be going after that business. As an example, if the company was able to get 5% of those screens, that could translate into $20M of revenue.
Here are 2 links for Citrix: the first one is the home page and the second one is a financial snapshot. Citrix trades on NASDAQ ..the symbol is CTXS and the market cap is about $3.55 Billion.
citrix.com
biz.yahoo.com
Here is the Press Release
JAWS Technologies and FutureLink Announce Alliance to Provide Unique, Security Solutions for Application Service Provider (ASP) Industry
CALGARY, Alberta, March 31, 1999 - JAWS Technologies Inc. (NASD-OTC BB: “JAWZ”) a provider of the best in information security technologies and practices, today announced the formation of an alliance with FutureLink Distribution Corp. (NASD-OTC BB: "FLNK") to deliver new security solutions to the rapidly emerging Application Service Provider (ASP) industry.
Through this strategic partnership, JAWS Technologies will implement proven security methodologies for protecting server farms, applications and data in an ASP environment. In addition, JAWS' thin client encryption tools are made available to corporate clients using ASP services under a special licensing arrangement.
"The ASP industry is a new and exploding market which requires solid security products and practices to take advantage of this technology," says Robert Kubbernus, CEO, JAWS Technologies Inc. "The ASP segment is growing rapidly and is expected to be a $21 billion market by 2001 (Forrester Research). Our target is to ensure that 20 percent of application service providers are certified using our ASP Security Methodology. We believe that information security is one of the key differentiators for those ASPs that are committed to this market.”
"We believe that world-class security is critical to the continued growth of the ASP model. By aligning ourselves with JAWS Technologies we are demonstrating the type of visionary thinking that our clients have come to expect from us," says Dave Bolink, Manager of Business Development, FutureLink Distribution Corp.
“Independently both JAWS and FutureLink are strong business partners of CITRIX Systems, Inc. Each company has impressed us with their leadership in the Thin Client Server-based Computing (SBC) and ASP marketplace using CITRIX enabling technology,” reports Traver Gruen-Kennedy, Director of Advanced Business Development, CITRIX Systems Inc. “CITRIX has long recognised our customers' need for security and believes this winning combination will ensure FutureLink maintains its leadership role in the ASP and SBC markets.”
About FutureLink Distribution Corp.
FutureLink Distribution Corp. (NASD-OTC BB: “FLNK”), "The Computer Utility Company™," is a founder of the Application Service Provider (ASP) industry. FutureLink provides small and mid-sized businesses (10-1,000 employees) with off-site, Internet-based computing, allowing subscribers to escape hardware/software upgrade cycles, precisely control total cost of technology ownership and focus on their core businesses. FutureLink's expertise in application hosting, IT outsourcing, business practices consulting, data hosting, and software development enables the company to offer an all-inclusive, trouble-free service at a predictable price. For more information, contact FutureLink toll-free at (877) 216-6001;
e-mail: sales@futurelink.net <mailto:sales@futurelink.net?subject=News Release 037>; or visit the FutureLink Web site at futurelink.net.
About JAWS Technologies
JAWS Technologies, Inc. (NASD-OTC BB: “JAWZ”) 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 calibre 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 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.
JAWS TECHNOLOGIES INC. (NASD-OTC BB: “JAWZ”)
Suite 380, 603 - 7th Avenue SW / Calgary, Alberta T2P 2T5
Phone (403) 508-5055; (888) 301-5297 / Fax (403) 508-5058
Barrie Einarson
Director Investor Relations
JAWS Technologies Inc.
1-888-301-5297
403-508-5055
Hours: 8:00Am - 5:00PM MST
mailto:invrel@jawstech.com
jawstech.com
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