To: Brett Taylor who wrote (70 ) 7/14/1998 7:37:00 AM From: ilh1 Respond to of 518
Advanced Encryption Technology Inc. to Provide Computer Security for the Vancouver Stock Exchange LONG BEACH, Calif., July 13 /PRNewswire/ -- Steve Fox, President of Advanced Encryption Technology of America Inc. (OTC Bulletin Board: AETI - news), announced today the signing of an agreement to provide computer security to the Vancouver Stock Exchange (VSE). ''We are excited about the agreement with the VSE. We feel that this agreement lends considerable credibility to our AccessDenied suite of encryption products,'' says Mr. Fox. Marc Rogers, Technology Information Security Officer for the VSE, cites, ''As one of the most technologically advanced exchanges in the world, the Vancouver Stock Exchange is dedicated to maintaining a high level of security for our member firms and the public. As such, the VSE was concerned about mobile security, as many of our executives and our auditors who visit member firms use laptops. Laptops have become a prime target for theft and industrial espionage. Since confidential and sensitive information resides on many of the laptops, we were concerned about such disclosures.'' ''The VSE embarked on an intensive evaluation project, in an attempt to find an encryption product that was both user friendly and provided true security. Unfortunately, several of the products tested had glaring weaknesses, such as dumping clear text copies of the encrypted data onto the drive. Your product AccessDenied rose to the top. You are to be congratulated on a fine product that will form the base of the VSE's mobile security program.'' Advanced Encryption Technology Inc. is a developer, manufacturer, licenser/licensee and supplier of cryptographic software and hardware solutions to militaries, governments, and Fortune 500 customers. The company's AccessDenied suite of products capitalizes on leading-edge smart card and software technology which presents customers with cost-effective, general purpose security tokens, plug-in cryptographic subsystems (APIs and libraries) and off-the-shelf cryptographic controls for user identification, network access for authentication, digital signatures for integrity, and data encryption for confidentiality. AETI continues to be the leader in the cryptographic field with its technology advancements. Advanced Encryption Technology Holdings has sales offices in Mississauga, Ontario; Ottawa, Ontario; Long Beach, California; and Amsterdam, Holland. SOURCE: Advanced Encryption Technology of America Inc.