A very good overview it is missing the Telus deal.But it will give new investors a good start.
COMPANY AT A GLANCE: A JAWS BACKGROUNDER
Market Data
Stock Symbol ?????????????????? JAWZ on OTC BB
Start Date ???????????????????.. February 18, 1998
SEC Registration Date (Fully Reporting Issuer) ????November 1, 1999
Fully Diluted Outstanding Shares ?????????.. 33.3 M
Effective Float ?????????????????? 23.6 M
Current Trading Price (Jan. 17, 2000).??...????? $6.563
52 week high/low ??.??????.???????? $10.75/$0.37
Average Trading Volume (50-day) ?????.???? 391,600
Projected Revenues (1999) ???????????? $2.4 M to $4M
Projected Revenues (2000) ???????????? $12M to $15 M
Auditors ????????????????????. Ernst & Young
Professional Services
- JAWS specializes in providing total secure information solutions to companies, governments and organizations.
- Auditing an organization?s security needs can include computer systems consulting, attempting to exploit holes in an information technology system, website and email security auditing. After performing a security audit, JAWS security software products would likely be sold to the customer to ensure total security is achieved.
- On-going information security auditing continues JAWS? customer relationships.
- Five defined business verticals are being actively pursued, including Health Care, Legal, Application Service Providers, E-Business and Government.
Products
- JAWS has developed what is the world's strongest commercially available data encryption software at 4096 bit encryption.
- It is also fast, meaning that it can encrypt large files very quickly.
- It is also "small", meaning that it can be used for applications such as Smart Cards and Cellular Telephones.
- JAWS X-Mail Encryption allows you to easily send and receive encrypted e-mails and e-mail file attachments
- JAWS Desktop Encryption allows you to easily encrypt all of the information on your hard drive.
- JAWS Palm Pilot Encryption allows you to easily encrypt all of your Palm Pilot memo files.
- JAWS Internet Data Vaults are secure vaults which allow customers to store their data so that it can be retrieved at any time.
Market Potential
- The magnitude of the Information Technology Security Sector is growing exponentially. It is estimated that $413 B will be spent on Information Technology services in the year 2000, up from $262 B in 1996. A significant portion of those budgets will be spent on system security.
- Frost & Sullivan, independent information technology consultants, project a 55.4% Compound Annual Growth Rate in industry spending on IT Security.
For More Information:
JAWS Technologies Inc. Phone: 1-888-301-5297
1013 17th Avenue S.W. 403-508-5055
Calgary, Alberta, Canada Fax: 403-508-5058
T2S 0A1 Investor Relations: Kerk Hilton or
Nadeen O?Leary
Website: jawstech.com
COMPANY HIGHLIGHTS
ú Enlisted Ernst & Young as the corporate auditors
ú Attracted Julia Johnson, Chairman of the Florida State Public Services Commission and lawyer to our Board of Directors
ú Attracted Art Wong, Director of Business Development for Network Associates to our Board of Directors
ú Signed a product development alliance with Net Nanny, developers of the world's most recognized Internet filtering software. Net Nanny will integrate the JAWS encryption algorithm into their software
ú Completed the long, painstaking process and submission of a patent application for specific JAWS encryption products, now in patent-pending status
ú Attracted two more levels of financing available to the corporation once fully-reporting status is completed
ú Performed three media tours; one in Canada and two in the USA, with tremendous attention being garnered through publications such as Information Week, Small Business Computing, ABC News, The Globe and Mail, Calgary Herald, Edmonton Journal, Alberta Report, The New York Times, TechTravel, Internet Business and the National Post, plus many more publications are currently reviewing our products for a product review segment
ú Announced a deal with Network Associates, the security industry leader, to become a reseller for NETA's new Active Security product
ú Numerous radio interviews requesting the company's position on legislation and industry commentary
ú Ran a $5,000,000 Code Breaking Challenge to the hacker world and garnered attention from around the world from organizations such as the U.S. military, the Canadian military, foreign corporations and individuals
ú Attended eight IT trade shows, at which we were presenters for two
ú Created all the collateral and shrink-wrap packaging for the software products for distribution through online software stores which ten are currently signed and twenty more are targeted
ú Started our Auditing Professional Practices division that currently performs IT security audits for corporations and governments wishing to determine system vulnerability and weaknesses. These professional services are relative to IT Security Policy development, IT Security System management and IT Security System integration, implementation and development. This department has successfully completed numerous audits to date and is negotiating on a multitude of additional audit and implementation services for organizations ranging from oil and gas companies, banks, international insurance corporations, technology firms such as ISPs and organizations extensively involved in e-commerce
ú Invited to submit articles to Harvard Business Law Review on the issues of IT Security
ú Achieved short-list status for the military of a significant country for the implementation of our encryption software
ú Completed our development of a Public Key Infrastructure (PKI) with current installation and beta testing with Axion Communications. Upon the completion of the PKI infrastructure, the JAWS PKI will then be marketed to approximately 7,000 internet service providers in North America, along with our audit practices
ú Signed a significant contract with FutureLink/SysGold which is known as the first computer utility corporation and has achieved tremendous success with their business model in the computer utility market segment
ú Alliance agreement signed with Ernst & Young International for the deployment of JAWS products and services to the Ernst & Young client base internationally with ongoing negotiations and discussions relative to joint venture projects, educational initiatives and computer forensic work
ú Alliance agreement signed with another leading accounting firm for the deployment of JAWS products and services to their client base internationally with ongoing negotiations and discussions relative to joint venture projects, educational initiatives and computer forensic work
ú Total security implementation and audit for one of the Top Ten international integrated oil and gas corporations
ú Product integration and deployment through a major systems software developer, Citrix (NASDAQ:CTXS) (http://www.citrix.com), to their 8 million clients
ú Products and service offerings to certain state departments
ú Educational joint venture with Florida State University whereby JAWS Technologies will be the educational partner for Florida State University Computer Sciences and Criminology Department relative to ISEC teaching and training. This also includes discussions relative to product and security implementation joint ventures with Florida State University. The programming project is scheduled to start in May 1999
ú IT Security services and implementation for numerous Florida State Departments
ú PKI and VPN installation and integration for an online Internet corporation
ú Professional services and auditing proposal for a major Hospital and University in Miami, Florida
ú IT Security Professional services and integration proposal for certain Texas State Departments
ú Product implementation and services through a major Canadian compensation board
ú IT Security Systems integration for an East Coast telecom networks corporation
ú IT Security implementation and ongoing management for a major Canadian stationery retail store
ú Numerous other initiatives have begun with major corporations such as a leading provider of computer tape storage devices, utility commissions and the telecom industry
ú Acquisition strategy across North American information technology field, with targets identified in Toronto, New York and Ottawa
ú On Nov. 1, JAWS became a fully-reporting issuer with the U.S. Securities and Exchange Commission
ú On Nov. 2, JAWS acquired Toronto-based PACE Systems Group, a 15 year old IT consulting firm specializing in North American and International Financial Systems. Clients include IBM, the Toronto Stock Exchange, ING Direct, Sun Life Trust and Interac
ú On Nov. 4, JAWS entered into an agreement to acquire Offsite Data Services, a Calgary-based Internet data storage and management company, founded in 1995. This company will be operated as JAWS Internet Data Vault Division, subject to approval by Offsite?s shareholders, by January 17, 2000
ú On Nov. 19, JAWS signs agreement to distribute information security products and services into the Pacific Rim with CobraTech Industries of Hong Kong and Vancouver
ú On Dec. 3, JAWS and Thomson Kernaghan agree to discontinue all outstanding debentures in lieu of restricted JAWS common shares.
ú On Dec 13, 1999, JAWS First to provide end-to-end security solutions for Linux Operating System
ú On Dec. 14, 1999, JAWS announces changes to the Board of Directors, Mr. Chell has resigned to pursue several new business opportunities
ú On Dec. 30, 1999, JAWS purchases New Jersey-based Secure Data Technologies Corporation (SDTC). SDTC will be integrated as JAWS Law Enforcement Business Vertical
ú On Jan. 6, 2000, JAWS raises $9.25 million in private placement financing to be used for strategic corporate acquisitions, and research and development for JAWS security software products.
ú On Jan. 13, 2000 JAWS & Powerskor Canada form partnership for secure online shopping. JAWS will provide information security solutions for Powerskor's leading "pre-pay" online shopping system. |
