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Gold/Mining/Energy : itemus Inc. -- Ignore unavailable to you. Want to Upgrade?

To: worldtraveller who wrote (260)	9/6/2000 9:07:48 AM
From: Al Collard	Read Replies (1) \| Respond to of 293

Itemus's latest investment TORONTO, Sept. 6 /CNW/ - itemus inc. (TSE: ITM, OTCBB: ITMUF) is pleased to announce today it has invested three million dollars (U.S.) in cash and services in NetCertainty Inc. The Atlanta-based company provides digital identity hosting services for individuals and organizations within the Business-to-Business e-marketplace. "NetCertainty is on the leading edge of the Internet and solves one of the biggest stumbling blocks to the success of Internet-based trade - transaction security," said itemus President and CEO Jim Tobin. "NetCertainty's revolutionary technology lets users take full advantage of an exciting new era, one in which the United States has declared an electronic signature to be legally binding." NetCertainty is currently focusing on the paperwork-intensive online financial services and employee benefits markets. The company plans to offer digital identity services in four areas: legal digital signing of electronic documents; secure storage of digitally-signed documents; highly reliable authentication of an Internet user's identity; and presentation of authentication information necessary for granting Internet commerce permissions. "itemus' investment in NetCertainty demonstrates our continued commitment to the emerging area of next generation networking, building the backbone services for Internet 2.0," Mr. Tobin added. "itemus and its 20 member companies look forward to helping NetCertainty succeed." A key competitive advantage of NetCertainty's solution is that it eliminates the requirements for specialized infrastructure or special hardware, software and training required by existing digital identity services. The technology also provides users with the ability to digitally sign documents without requiring special storage or service of those documents, while still allowing digital identities to be safely used in unsecured environments from anywhere on the Internet. "Unlike traditional systems, NetCertainty's solution works independent of location, platform and device," said NetCertainty CEO Timothy Gelman. "That means businesses can now easily execute secure transactions with their employees, customers and partners- while cutting costs and improving productivity." Mr. Gelman added: "NetCertainty welcomes itemus' investment in our growing company. As an Internet Operating Company, itemus adds tremendous value to our business with its talented team of people and its extensive network of industry contacts. We believe NetCertainty is now well positioned to take advantage of a burgeoning market many estimate will be worth up to 135- billion dollars a year by 2003." About NetCertainty NetCertainty Inc. provides digital identity hosting services for individuals and companies within business-to-business e-marketplaces. NetCertainty's patent-pending technology eliminates procedural and technological burdens previously associated with digital identities. Headquartered in Atlanta, Georgia, NetCertainty was founded in 1999. The company is a member of the Advanced Technology Development Center at Georgia Tech, a public/private incubator in Atlanta that has helped launch several successful Internet businesses. For more information on NetCertainty, please visit the company's Web site at www.netcertainty.com. About itemus itemus inc. is an Internet Operating Company that seeks to create value for shareholders by building and investing in companies with leading applications and revolutionary business models for the Internet. The company operates through wholly owned itemus Solutions, providing services and applications in the areas of security, network infrastructure, application management and rich media. itemus inc. also focuses on identifying and investing in promising Internet technology and content companies. itemus is positioned as a value-add investor, offering ideaPARK R&D Environments and Acceleration Services to its investee companies in order to accelerate their growth and development. For more information on itemus, please visit the company's Web site at www.itemus.com.