JAWS Technologies Launches JAWS XMAIL
PR Newswire - June 09, 1999 06:15
'Trust No One'
Rise in Internet Crime Drives Need for 'Every Email to Be Encrypted With the World's Most Powerful Email Security Product'
CALGARY, Alberta, June 9 /PRNewswire/ -- A new secure email encryption software package will now enable personal and corporate computer users to protect their email messages against unauthorized access. JAWS XMAIL, launched today at the Canadian Advanced Technology Association (CATA) Annual Conference by Calgary-based information security software company JAWS Technologies (OTC Bulletin Board: JAWZ), provides fast, strong, easy-to-use email protection based on JAWS' superior 4096 bit encryption technology.
"Industry experts have identified information security as the next big computer issue after Y2K," states Robert Kubbernus, CEO of JAWS Technologies Inc. According to the research firm eMarketer, approximately 3.4 trillion email messages were delivered in the United States alone in 1998. Forrester Research estimates that there were more than 66 million corporate email users in the United States in 1998, a number projected to double by the year 2000.
"Once you add the tens of millions of home-users and travelers, it has now become a mission critical security issue. It is estimated that only two per cent of emails use any type of security; consequently, we can quickly understand why JAWS XMAIL will be a success. The partners we have surrounded ourselves with will contribute to this success. JAWS XMAIL is a powerful, cost-effective solution that will enable anyone to secure and protect their information from prying eyes."
"If you or your company is hooked up to the Internet, you have information security issues that you need to deal with," said Chris Anderson, Practice Leader eSecurity Solutions, Ernst & Young Canada. Referring to the Ernst & Young 6th Annual Global Information Security Survey, Anderson continued, "In North America, our respondents noted the incidences of information security breaches over the Internet doubled over last year. This is a very real issue."
"The information security market is expected to reach $4 billion by the year 2004," said Greg Naderi, security industry analyst for Frost & Sullivan.
"I definitely think JAWS has the right idea and they're moving in the right direction. JAWS has been a pioneer in this market," said Naderi.
"JAWS expects to have millions of users of JAWS XMAIL by 2000. We see tremendous market demand for JAWS XMAIL as the reported incidences of cyber crime escalate, emails can be used against corporations in litigation and our personal privacy continues to be compromised each year," states Joey Roa, JAWS XMAIL Product Manager.
"All you need is a computer with email software, a POP3 server, and a Windows 95/98 operating system and you can easily install JAWS XMAIL. In under two minutes, you can be sending all of your emails safely and securely," says Roa. With JAWS XMAIL, users will be able to encrypt an email very quickly, protecting both the email and attachments. The JAWS XMAIL protection solution is a unique combination of strong encryption and easy to use software. Only the sender and the recipient may access the encrypted information. "To protect yourself and your business, we suggest that every email should be encrypted. Even the most basic emails can be dangerous in the wrong hands. JAWS XMAIL is a very affordable, easy to use tool to ensure you keep your information safe. Information is Power. Protect it!"
"Our vision for JAWS Technologies is to be a world leader in information security products. JAWS XMAIL is another in a number of incredible information security announcements we have made and will continue to make. We also have other significant product enhancements scheduled for release in coming months," states Roa.
JAWS is pleased to offer the JAWS XMAIL product through Internet Service Providers including Axion Communications Inc. (Vancouver: AXN), Nucleus Information Services, Calgary Online and many others currently in final negotiations for release in June.
Through a special program for Internet Service Providers, JAWS XMAIL will be widely distributed to ISP subscribers. JAWS fully supports this ISP strategy due to the enormous market penetration it will create for the company. "Keeping in mind that the product is designed to market and propagate itself as more users come online, we expect the user base to grow exponentially, allowing for significant revenues in the future," says Kubbernus. "This strategy has allowed us to be creative in developing our relationships with Internet Service Providers around the world. When you compare the success of Microsoft's Hotmail product which is reported to have an install base of over 40 million in a period less than two years, we can easily understand how large a product like XMAIL can grow in a very short period."
For those individuals whose ISP has not signed up yet, JAWS XMAIL is available for $39.95 (US) from the JAWS Online Store (www.jawstech.com) in a downloadable format on June 9, 1999, or from other online store vendors such as NetSales network of CyberStores and Beyond.com on June 14, 1999.
About JAWS Technologies
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 security 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.
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.
SOURCE JAWS Technologies
/CONTACT: Media Contact: Brandin Asuchak, Online Manager,
Brandin@jawstech.com, or Investor Relations Contact: Barrie Einarson,
Director, Investor Relations, invrel@jawstech.com, both of JAWS Technologies,
888-301-5297/
/Web site: jawstech.com
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