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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (3052)	8/12/1998 1:40:00 PM
From: justaninvestor	Respond to of 6021

DISCLAIMER - I am a Jaws long - I started the Jaws thread on SI. I was wondering if any of you NETIANS would care to comment on Art Wong's appointment to Jaws' Board of Directors. Specifically, do you think Jaws would be a NETA takeover candidate? (Jaws has 4096 bit encryption which "the experts" say is not only strong, but fast and small. They recently ran a $5M "crack the code" contest for 2 months, nobody won.) Thanks JAWS Technologies Appoints Mr. Arthur Wong to Board of Directors PR Newswire - August 11, 1998 16:36 CALGARY, Aug. 11 /CNW-PRN/ - JAWS Technologies Inc. (NASD-OTC BB: ''JAWZ'') is pleased to announce that Mr. Arthur Wong, Director of Channel Development for Active Security at Network Associates, Inc., has joined the Board of Directors of JAWS. ''Mr. Wong has successfully developed a number of companies from start-up and, most recently, sold Secure Networks Inc. to Network Associates for approximately US$ 25 million,'' said Robert Kubbernus, Chairman and President of JAWS Technologies Inc.. ''His experience in software development, corporate finance, strategic alliances, and marketing to the Fortune 500 will greatly speed the growth of sales for JAWS. His involvement with our Company is a compliment to both our products and our team.'' ''The key to any complete information security solution is excellent security practices. JAWS Technologies has proven that its security solutions are among the best in their field. I'm pleased to be joining the Board of Directors and expect that, as a team, we will develop the relationships and the sales necessary for JAWS to become the market leader,'' said Mr. Wong. Mr. Wong has a proven performance record with technology companies. He is currently the Director of Channel Development for Active Security at Network Associates, Inc., responsible for the creation, development and execution of business goals and objectives relating to ''Active Security.'' Areas of development include the creation of a channel to adopt and support an entirely new active security infrastructure, merger and acquisition opportunities and the analysis of potential technologies. He is responsible for due diligence investigations, initial negotiations, transition and completion of mergers and acquisitions. Mr. Wong founded Secure Networks Inc. (SNI) in July 1996 and recently sold the company to Network Associates. SNI is recognised as the leader in state-of-the-art vulnerability assessment technology with their ''Ballista'' security auditing scanner software. Vulnerability assessment or ''security scanning'' allows businesses to check the security of their networks before hackers or hostile insiders can steal or damage data. Mr. Wong directed software development, forged strategic relationships with consultants and re-sellers, and marketed products to Fortune 500 companies, military and government agencies. Marketing efforts focused on North America, Europe, Asia and Australia. In April 1994, Mr. Wong co-founded H2O Entertainment Corp. (ASE: HTO). H2O is one of approximately 10 companies world wide that develop exclusively for Nintendo and its N64 game platform. H2O employs 25 people with offices in Canada and the United States. Mr. Wong also founded Millennium Systems Canada Inc., a wholesaler distributor of high-end computer equipment. Today, Millennium remains a profitable, private company. 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.