(AETI) has over 40 million dollars in contracts to Date, All Lawsuits Dismissed:
***Dec. 4/ Contract with X-Border Communications Inc., a Canadian reseller
specializing in information security and telecommunications products. The agreement is
for 3 years and enables X-Border Communications, Inc. to act as a reseller and will
market AETI's product in the province of Manitoba and to Canadian Telecom
companies nationwide. The agreement calls for a minimum of 4.5 million dollars over 3
years. The agreement could exceed 10.5 million dollars over its term of 3.5 million
dollars a year.
***MISSISSAUGA, Ontario - Jan. 22 - Ken Andruski, President and CEO of
Advanced Encryption Technology of Canada, Inc. (OTC BB: AETI), announced today
the signing of a distribution contract in Europe with MidiSonic S.L. The 3 year
agreement enables MidiSonic S.L. to distribute the Access Denied Suite of data security
products throughout Spain and Portugal.
The agreement has a potential of $11 million over 3 years with a minimum of $2 million
during the first year. Initial shipments will begin in the first quarter.
***MISSISSAUGA, Ontario - Jan. 22 - Ken Andruski, President and CEO of
Advanced Encryption Technology of Canada, Inc. (OTC BB: AETI), announced today
the signing of a distribution contract in Europe with MidiSonic S.L. The 3 year
agreement enables MidiSonic S.L. to distribute the Access Denied Suite of data security
products throughout Spain and Portugal.
The agreement has a potential of $11 million over 3 years with a minimum of $2 million
during the first year. Initial shipments will begin in the first quarter.
***MISSISSAUGA, Ontario - March 16 - Ken Andruski, CEO of Advanced
Encryption Technology of America, lnc. (OTC BB: AETI), today announced the signing
of a distribution agreement with Chrysalis-ITS of Ottawa.
The multi-year agreement gives AETI the rights to sell the Chrysalis-ITS suite of data
security products in Europe and Latin America.
The agreement has the potential of 6.5 million dollars over three years and is expected
to generate 2.5 million dollars in revenue during the first year. Initial shipments will begin
during the second quarter of 1998.
***LONG BEACH, Calif. - April 14 - Steve Fox, president of Advanced Encryption
Technology of America (OTC BB:AETI) is pleased to announce the immediate release
of the company's new Access Denied Virtual Disk
Encryption System for Windows NT, for the United States.
This revolutionary product dynamically creates Virtual encrypted disk partitions on the
hard drive of a notebook or desktop PC or server without the need for additional hard
disk partitioning software. All directories or files stored in the Virtual encrypted disk are
transparently decrypted when opened by the application program and encrypted when
saved by the application.
The Access Denied Smartcard provides secondary and tertiary levels of security by
removing the encryption keys and passwords from the computer itself and storing them
on the smartcard, making sensitive data unhackable.
***LONG BEACH, Calif. - April 21 - Steve Fox, President of Advanced Encryption
Technology of America, Inc. (OTC BB:AETI) announced today the signing of 40
million dollars in contracts since December of 1997. The contracts range from one year
to three years, with the 40 million dollars being generated over the life of the contracts.
***LONGBEACH, Calif. - May 15 - Steve Fox, President, Advanced Encryption
Technology of America, Inc. (OTC BB: AETI) announced today the signing of a Multi -
Licensee agreement with Solar Technologies, Inc. of Sudbury, Ontario, Canada.
***LONG BEACH, Calif. - June 1 - Steve Fox, President, Advanced Encryption
Technology of America, Inc. (OTC BB:AETI) announced today that Advanced
Encryption Technology Europe B.V. (a wholly owned subsidiary of Advanced
Encryption Technology of Canada, Inc.) has signed a major software development
contract.
AETI Europe B.V. will develop software for a major Fortune 500 European Bank. This
newly developed software will integrate AETI's Smartcard Technology, using its PKCS
#11 functionality, with various financial applications to ensure the security of computer
data. "We feel that this contract is just the beginning of a very long and profitable
relationship with the very popular European Banking Community." says Mr. R.
Weijman, Managing Director of AETI Europe B.V.
***LONG BEACH, Calif. - June 15 - Steven Fox, President of Advanced Encryption
Technology of America, Inc. (OTC BB: AETI) announced today the release of AETI'S
Windows/95 "Access Denied" Encryption Product to
the marketplace. "With this release, we feel that our Design Philosophy, Robust
Encryption, Dynamic Mount/Dismount Capability, Integration with Windows NT/95
Logon, Seamless Smart Card Support, Two-Level Administration and Centralized
Control gives us a Strong and Unique Solution to the Information Security Problems
facing all Governments and Corporations, throughout the World," says Mr. Fox.
***LONG BEACH, Calif. - June 23 - Steven Fox, President of Advanced Encryption
Technology of America, Inc. (OTC BB: AETI) announced today the signing on June
18, 1998 of a co-development contract with a major
European Military organization to enhance their encryption processes. The terms of the
contract cannot be made public, however, the duration is for a period of four months.
"We are expecting that the project will be completed on schedule and within the
required specifications, which would lead to a significant order of the highly successful
software encryption package developed by AETI," say Mr. Fox.
***LONG BEACH, Calif. - June 29 - Steven Fox, President of Advanced Encryption
Technology of America, Inc. (OTC BB: AETI) announced today the signing of a
Multi-Licensee agreement for their "Access Denied" Win95(TM) software and
Smartcard Token with The Ontario Clean Water Agency, a Provincial Crown
Corporation.
***ONG BEACH, Calif. - July 13 - Steve Fox, President of Advanced Encryption
Technology of America Inc. (OTC BB: AETI), 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. |
