SECOND OF TODAY'S RELEASES FOLLOWS - New VP of Entertainment Services
> > > (BSNS WIRE) Wave Systems Appoints Alan Chaplin Vice President of Entertainment Service
Business Editors/High-Tech Writers
E3Expo 99
SAN JOSE, Calif.--(BUSINESS WIRE)--May 11, 1999--
E3 co-founder to lead procurement of interactive
entertainment and educational content for the Wave
E-commerce System
Wave Systems Corp., (OTC BB:WAVX)(http://www.wave.com), a
provider of electronic commerce, content distribution and security
services, today announced the appointment of Alan Chaplin to Vice
President, Entertainment Service, responsible for developing strategic
relationships with interactive entertainment and educational content
developers and publishers.
Mr. Chaplin will also work closely with the Wave team to
facilitate the Wave E-commerce System and it's EMBASSY(TM) technology
as an empowering tool for consumers to try interactive products before
they buy and address concerns such as piracy, security and parental
control applications.
Steven Sprague, president of Wave Systems, said, "Alan brings an
enormous amount of passion and credibility to our content delivery
business. He understands the issues entertainment and educational
content developers face relevant to the changing distribution paradigm
brought on by the Internet. Alan will be invaluable to our plans to
offer the interactive entertainment industry dynamic new distribution
models that take advantage of this changing environment."
Wave's EMBASSY is the first implementation of the trusted-client
technology that will allow third-party software vendors to develop
secure PC-based, e-commerce applications to run in a trusted
environment. With the development of the Wave E-commerce System, the
interactive software community can benefit from a new distribution
platform, flexible pricing models and security inherent in
trusted-client technology.
Consumers utilizing the Wave E-commerce System will be able to
quickly and conveniently purchase, pay-per-use or rent-to-own top
entertainment, education and software titles directly from end-user
devices. It is an open, programmable, standards-based platform for
running secure applications and protecting important data and digital
identities on individual PCs and other end user devices.
Mr. Chaplin, who will be speaking about emerging new gaming
platforms at the E3 Convention in Los Angeles May 13 at 4:30 PM for
session 4.4 of the show program, believes that the future of
interactive content distribution will center on empowering consumers
with new usage and purchase models.
"The Internet is changing traditional distribution models at an
unbelievable rate," said Mr. Chaplin. "Consumers are now able to
sample and purchase products from their desktop, at the best price,
directly from publishers and developers. Wave is the first company to
approach the content distribution and purchase equation from the
perspective of the end-user. Wave's technology empowers both consumers
and publishers to establish a direct relationship with each other,
building new distribution models and extended brand loyalty for our
partners."
The Wave E-commerce System benefits consumers by offering new
usage and purchase options while providing unparalleled security,
performing transaction at the point of origin--the end-user's PC or
peripheral device. For the first time, the content community can
distribute interactive "WaveEnabled" media for consumers to try before
they buy, with full copy protection for publishers.
Mr. Chaplin is an interactive industry veteran of 18 years with
traditional consumer packaged goods experience from Johnson & Johnson
and Polaroid. Throughout his career, he has managed strategic
relationships, orchestrated company to company negotiations,
consummated agreements, as well as directing sales efforts with the
nation's leading retailers, honored as "Vendor of the Year" by Toys "R
Us. He is currently serving as Senior Advisor to the E3 Conference
program.
About Wave Systems Corp:
Founded in 1988, the mission of Wave Systems Corporation is to
create the world's best technologies and services to secure and sell
digital information. Wave's core EMBASSY technology is based on an
open, standards-based hardware and software device that enables secure
transaction processing and distributed information metering in users'
PCs. Embedded in PC hardware and peripherals, set-top boxes and other
devices, EMBASSY is the foundation for client-based security
applications and a new distribution and purchasing model for content
and services. This low-cost, secure "system within a system" will
enable the personal computer to assume an important new role in the
evolving digital economy. By moving secure transactions to the
desktop, Wave provides intrinsic value to the electronic commerce
process, benefiting PC users, application developers, and hardware
manufacturers. For more information, please visit Wave's corporate web
site at wave.com
Safe Harbor for Forward-Looking Statements
Except for the statements of historical fact, the information
presented herein constitutes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include
general economic and business conditions, the ability to fund
operations, the loss of market share, changes in consumer buying
habits and other factors over which Wave Systems Corp. has little or
no control.
--30--azs/sf* mr/sf
CONTACT: Wave Systems Corp.
Kent Kappen, 408/261-9510
kkappen@wavesys.com
or
Jaffoni & Collins (IR)
David Collins, Suzanne Nebesky, 212/835-8500
WAVX@jcir.com
or
Fleishman-Hillard (Media)
Aaron Feigin, 415/356-1033
feigina@fleishman.com < < <
* * * * * *
With a co-founder of E3 as our new VP, I wonder if we will get much exposure at this week's show? I wonder if the "big boys" of the industry are wondering if we are mainstream? I wonder if institutions will think that we might be exhibiting both paradigm shift- and staying-power- tendencies?
I wonder what the next announcement is? (IMHO that these are still warm-ups).
Steve |
