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

To: caly who wrote (292)	4/23/1998 7:18:00 PM
From: j.oil	Read Replies (1) \| Respond to of 3086

JAWS COMPLETES $800,000 IN NEW FINANCING CALGARY, April 23 /CNW/ - JAWS Technologies Inc. (NASD-OTC BB: ''JAWZ'') is pleased to announce that the Company has completed two separate financings for a total of $800,000 US. The first financing was a private placement for a total of $300,000 US. The second financing of $500,000 US was provided through Bristol Asset Management, LLC of Los Angeles. Bristol Asset Management is an institutional investor that specializes in emerging growth companies in the high tech sector that have significant growth potential. By May of this year, The Company hopes to complete its negotiations with Bristol Asset Management for additional, long-term financing. JAWS Technologies Inc. is the owner and developer of what is considered to be the world's strongest encryption software, JAWS ''L5'' 4096 Bit Encryption. With its numerous programming enhancements and abilities, JAWS ''L5'' is fully developed security software that is ideal for both personal and corporate security use. With the explosion of Internet commerce and the skyrocketing use of computer data systems, computer security has risen to become a primary concern for leading edge IT professionals. JAWS Technologies Inc. is moving forward with its flagship ''L5'' products as well as further research and development in the information security field. The Company anticipates several world-class product launches within the next 24 to 48 months. Security has become the single most important issue in the current IT paradigm shift. As the rapid change from private system computing to public system computing continues, the opportunities for intruders and the need for improved security escalates. Amateur and highly paid professional hackers are out-pacing the abilities of the security solution providers. Billions of dollars of information could wind up in the wrong hands. Such security issues will become even more pronounced in the future. Certain statements in the press release are ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements made by the company involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance of achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, risks associated with international operations, dependence on licenses, governmental regulations, technological changes, intense competition and dependence on management. Given these uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements. The company disclaims any obligation to forward-looking statements contained herein to reflect any change in the company's expectation with regard thereto or any change in events, conditions, circumstances or assumptions, underlying such statements. -30- For further information: Jaws Technologies Inc., (888) 301-JAWS, Website: www.jawstech.com j.oil