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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ -- Ignore unavailable to you. Want to Upgrade?

To: Charles Broderick who wrote (2470)	7/12/1999 10:19:00 AM
From: j.oil	Read Replies (1) \| Respond to of 3086

NEWS JAWS Technologies and Glentel Inc. Sign Investment Agreement and Strategic Alliance Partnership CALGARY, July 12 /CNW/ - JAWS Technologies Inc. (NASD-OTC BB:''JAWZ''), a provider of the best in information security technologies and practices, is pleased to announce that JAWS and Glentel Inc. ''Glentel'' have closed a significant business alliance agreement which includes a purchase of JAWS shares by Glentel. In a deal which will advance Glentel's strategic plan to deliver advanced global wireless data services in the most secure method possible, Glentel and JAWS Technologies have signed an investment agreement and entered into a business alliance partnership. Glentel and JAWS will explore and develop highly sophisticated wireless data services using JAWS security products and tools. The proposed secure wireless data services will be offered to Glentel and JAWS existing clients along with advanced secure services to new and prospective corporate clients. This transaction is the result of negotiations, which began in February of this year. An integral part of this transaction is an immediate $1.5 million private placement by Glentel into JAWS. As the secure wireless services are completed, full details will be announced. ''Glentel's interest in JAWS Technologies has presented us with the opportunity to fully explore the opportunities in the wireless data services. Given the enormous advancements in this market overseas, we see this as a tremendous opportunity to move into the international wireless security market and with a significant partner to help advance this cause. Glentel's management have proven to be innovative and aggressive with their approach to the market and given the directions they are helping us take we believe that our wireless security product division will generate significant revenue in the multi-millions by the year 2001,'' says Robert Kubbernus CEO of JAWS Technologies. ''Two significant issues exist in our customers' minds - reliability and security. With this partnership and our investment in JAWS we are excited about future opportunities to deliver state-of-the-art security to wireless customers. JAWS Technologies has proven to be a leader in their field and demonstrated a dynamic approach to new product development. Their existing security product suite fits well with our 'Best of Breed' approach to our current offerings. We are also excited about the investment opportunity in this company given our investigation of the market, our client's demands, the products and management team of JAWS. The market size for wireless data services reaches into the billions and has a world wide reach. No companies have mastered the security and delivery aspects of true wireless data transmission. We believe this will give us the market advantage needed to capture a significant share in this market,'' states Mr. Tom Skidmore, President and CEO of Glentel Inc. ''After reviewing the alliance agreement between JAWS and Glentel, we firmly believe the new relationship between these two companies benefits both shareholder groups. Glentel's investment demonstrates to us a substantial commitment in both a financial and a commercial sense,'' states Mr. Robert Wilson, Executive Vice President Capital Markets, Thomson Kernaghan & Co. Ltd. ''We are very pleased with the successful business and financial relationships that JAWS has been able to develop with Glentel and JAWS' numerous other partners.'' 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 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. 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. About Glentel Glentel Inc. is one of Canada's leading business and personal wireless integrated solution providers. It operates over 240 antenna sites in Canada, 11 Glentel wireless business centers and 11 wireless retail stores, integrating products and services utilizing mobile two - way radio, data, satellite, paging, cellular and PCS to meet the needs of a broad range of customer applications. Customers include municipalities, government departments, corporations and personal users. About Thomson Kernaghan Thomson Kernaghan & Co. Ltd. was originally established in Toronto, Canada, in 1949. Thomson Kernaghan is one of the oldest privately owned investment dealers in Canada, providing a wide range of brokerage services to its corporate, institutional and retail clients. 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. -30- For further information: Robert Kubbernus - CEO, JAWS Technologies Inc., 1-888-301-5297 JAWS TECHNOLOGIES INC. has 47 releases in this database.