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

To: j.oil who wrote (2620)	11/1/1999 9:47:00 AM
From: j.oil	Respond to of 3086

JAWS Technologies Inc. Announces Corporate Positioning as Information Security Company; SEC Registration Effective Today Jaws has decided to exploit a window of opportunity to be more than a security software products company CALGARY, Nov. 1 /CNW/ - JAWS Technologies Inc. announced today its strategic growth plans to position itself within the North American information security market. In a related development, the company's registration statement became effective today with the U.S. Securities and Exchange Commission making JAWS Technologies' a fully-reporting issuer. Among the company's strategic plans, further growth in product offerings and geographic sales and service locations is anticipated. ``In line with our growth-oriented business plans, we intend on launching a number of strategic initiatives designed to increase our market presence,' said Robert Kubbernus, CEO of JAWS Technologies Inc. ``This strategic plan has been put in place with the support and interest of our growing customer base.' ``Simply put, our goal is to become the industry leader in providing information security solutions for businesses, governments and organizations,' said Kubbernus. ``We have successfully made our name in the security software business by offering the strongest encryption products commercially available. Now, we plan to extend our business model by going to the next level as more than a software-products company.' Effective immediately, JAWS will expand its efforts in the professional services area, while continuing to build on its successes in security software products as a key component within information security services. ``We see that we have a window of opportunity to capture market share in an industry which has exponential growth opportunities,' said Kubbernus. ``Our vision is to build a solid, leading-edge profitable information technology company. We will continue to build shareholder value and are actively pursuing the following strategic opportunities to achieve both our short and long-term performance objectives: JAWS' New Products under development over the next three months are: - The release of an upgrade of JAWS' XMail product which will include a ``File Shred' capability to allow complete magnetic removal of selected files from a user's hard drive - A new gateway server-based email encryption product designed for corporate mail servers - Development of end to end public key infrastructure (PKI) systems allowing for the authentication and certification of users transmitting and receiving data over the internet JAWS' Geographic Expansion Strategies over the next six months are: - Asian markets including Hong Kong, Australia, Singapore and Malaysia through the possibility of a third party marketing agreement - The South East United States with a potential office located in Florida - The North East United States with a potential expansion program centered out of New York City - A continued Canadian expansion program in Toronto and Ottawa to target Canadian business and government information security projects JAWS' Market Expansion Strategies over the next 12 months are: - New sales and business opportunities that have been identified include secure data storage and professional services specializing in the financial, government, health care, e-business and legal business verticals - New alliances with major Value Added Resellers, Original Equipment Manufacturers, Internet Service Providers, Application Service Providers and Educational Institutions JAWS' has expanded its Corporate Strategy to include: - The issuance of quarterly and annual reports, with the first 10Q report scheduled to be released by November 14. - Geographic diversification of the company's shareholder base, including the possibility of an additional stock exchange listing - Increasing the size of the Board of Directors with additional highly qualified, independent directors ``We are very excited about the future for JAWS Technologies and expect that over the next few months, these strategies will be acted upon, presenting a comprehensive, dynamic and flexible technology-driven service business,' said Kubbernus. About JAWS Technologies JAWS Technologies has quickly become a world leader in the provision of information security technology products and consulting services. JAWS Technologies is based in Calgary, Canada and has offices in Toronto, Canada and Pasadena, California, USA. Throughout the world JAWS Technologies now has over twenty strategic partners, approximately 100 corporate clients, over 300 authorized re-sellers and has distributed approximately 550,000 copies of JAWS XMail. JAWS Technologies is currently traded on the NASD-OTC BB, under the symbol JAWZ. For more information, visit the company's website at www.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. -30- For further information: Investor and Media Contact: Kerklan (Kerk) T. Hilton, JAWS Technologies Inc., 1-888-301-5297, khilton@jawstech.com JAWS TECHNOLOGIES INC. has 56 releases in this database.