To: RikRichter who wrote (8805 ) 1/7/1998 9:26:00 PM From: Tim J. Flick Respond to of 13949
BLOCKBUSTER NEW Y2K PRODUCT FOR E-COMMERCE Company Press Release CyberGuard First to Provide Year 2000 Compliance Enforcement To Safeguard Huge Corporate Investments Unique Combination of TradeWave Certificate Authority and Year 2000 Extensions to CyberGuard Firewall Ensures Continuous Protection Against Costly Contamination of Critical Information FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--January 7, 1998-- CyberGuard Corporation, (NASDAQ: CYBG - news), a leading provider of network security and electronic commerce solutions, today announced Millennium-Guard(TM), a combination of Year 2000 (Y2K) extensions that have been added to the company's current certificate authority and firewall product lines. Millennium-Guard is an enforcement tool designed to safeguard Y2K compliant applications from contamination from non-compliant applications. ''Crossing the boundary from the year 1999 to the year 2000 is expected to negatively impact more than 50% of existing ''legacy'' software applications,'' said Tom Pagel of NationsBanc/Montgomery Securities, who co-authored the Y2K overview ''Millennium Morass'' with Bob Austrian. ''Such applications need to be replaced or re-written in order to become immune to this transition or become Y2K-compliant. Millennium-Guard provides assurance that applications from non-compliant sources within the enterprise, or from external sources on the Internet or extranets, do not subsequently contaminate Y2K compliant applications or work groups. ''The threat of year 2000 computer chaos and the resulting loss of money, time, and resources has caused our customers to dedicate significant resources to solving this problem,'' stated Robert L. Carberry, Chairman and CEO of CyberGuard Corporation. ''CyberGuard is the first to offer a product that safeguards our customers' time and expense in becoming Y2K compliant. Y2K extensions to a combination of our certificate authority and firewall products, referred to as Millennium-Guard, allow our enterprise customers peace of mind that their Year 2000 Compliance efforts will not be jeopardized by future infection from non-compliant software.'' As the millennium approaches, analysts predict losses resulting from Y2K problems to be in the $200-600 billion range. Millennium-Guard allows companies to continuously protect their investment in Y2K compliance by selectively filtering any new external programs that have not been screened. The Millennium-Guard acts as a gatekeeper, allowing a company's own Y2K policy to be enforced by checking that any imported programs that may be downloaded via the Internet or extranets have been validated by a recognized Y2K authority. Interested parties may visit CyberGuard's Y2K certified repository and Y2K companies or professional organizations may register their credentials at y2k.cybg.com The Y2K Compliance Enforcement features will be available on both the CyberGuard Firewall Release 4.0 UNIX-based product line and Release 4.0 of CyberGuard Firewall for NT. Use of the TradeWave Certificate Authority for Y2K compliance enforcement is available immediately. About CyberGuard CyberGuard Corporation (NASDAQ: CYBG - news) is a leading provider of network security and electronic commerce solutions to Fortune 1000 companies and governments worldwide. CyberGuard's award-winning, industrial-strength firewall and security products protect the integrity of data and applications from hackers and digital thieves. CyberGuard's TradeWave unit provides certificate authority products and services to safeguard electronic-commerce applications. The US National Computer Security Center, the National Computer Security Association and the European Information Technology Security Evaluation Criteria have certified CyberGuard products. The company has US headquarters in Ft. Lauderdale, Florida and branch offices worldwide. More information on CyberGuard products and services is available through an email request to info@mail.cybg.com and from CyberGuard's web site at cyberguardcorp.com .