SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Advanced Encryption Technology (AETI) Goes Public w/a Bang -- Ignore unavailable to you. Want to Upgrade?


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.



To: Brett Taylor who wrote (70)7/15/1998 9:00:00 AM
From: PREFSTOCK  Read Replies (1) | Respond to of 518
 
Amazing how much speculation is posted as fact on this thread. First how does aeti look guilty? Lawsuit was filed against a number of other co's as well. Also I've never heard of a company de-listing themselves. Usually it happens when there's a challenge.
About the news that comes every second day. They have had 6 releases in 6 weeks. That's one a week. All but 2 have been very positive contracts. If AETI was in trouble i would assume that the large European bank, the major European military organization, the Ontario Clean Water Agency, Microsoft Windows 95 and NT and the Vancouver Stock Exchange would not have signed deals with them for this year and years in the future. Also there would probably not be such a huge demand from co's about there product as stated in a past release. The Concord Group also was very positive with there findings. Statements in the VSE contract release were very positive about AETI as well as the windows release. Also the technology is not identical. Please post facts on this thread. AETI I feel has shed most of it's weak hands and the DT's and I feel as they continue to realize there income stream from these contracts the share price will support there fundamentals.