To: RavenCrazy who wrote (8221 ) 10/2/1998 10:06:00 AM From: ilh1 Respond to of 25711
Advanced Encryption Technology of America Releases "Stealth Drive" Business Wire - October 02, 1998 09:46 LONG BEACH, Calif.--(BUSINESS WIRE)--0ct. 2, 1998--Steve Fox, president of Advanced Encryption Technology of America Inc. (OTC BB:AETI) Friday announced Stealth Drive. Stealth Drive is a simplified version of the company's flagship product, AccessDenied Secure Desktop Suite. " Stealth Drive will give the average user the power of a premium security solution at a fraction of the cost," said Fox. "Today, important data is becoming more vulnerable then ever, with dangers such as theft of notebooks, and malicious attacks through the Internet, compromising data security. "Stealth Drive protects the user from these various threats by isolating the important data in encrypted virtual drives, without involving the sophisticated operations required in other comparable security software," Fox added. Stealth Drive protects the user's data through the latest encryption technology. The program lets the user create virtual drives to store encrypted data. All encryption operations are performed on the fly. Only the user, with the appropriate password, can see the virtual drives to store encrypted data. All encryption operations are performed on the fly. Only the user, with the appropriate password, can see the virtual drives and access the encrypted data. The user can use virtual drives like a normal disk: adding directories and/or files and moving data between normal and virtual drives. Furthermore, the encrypted disk image can be stored on a local hard drive, a network drive, or a backup media. Stealth Drive is now ready for distribution. It will be available in early October from AETI's Web site and its authorized resellers, for a retail price of $34.95. Stealth Drive will also be distributed through selected OEM partners . The product can be upgraded to the enterprise-ready AccessDenied Secure Desktop Suite. It is anticipated that revenues of $2 million to $5 million would be achieved in the first year. Advanced Encryption Technology is a developer, manufacturer, licenser/licensee and supplier of cryptographic software and hardware solutions to militaries, governments, Fortune 500 customers and consumers. The company's AccessDenied Suite of products capitalizes on leading edge smartcard and software technology, which presents customers with cost-effective, high-performance data security solutions. AET continues to be a leader in the cryptographic field with its technology advancements. Advanced Encryption Technology Holdings has sales offices in Mississauga, Ontario; Ottawa, Ontario; Long Beach, and Arnhem, the Netherlands. Note to Editors: News and information are also available on the World Wide Web at aeti.com . CONTACT: Advanced Encryption Technology of America Inc., Long Beach Steve Fox, 888/292-2344 or Advanced Encryption Technology Holdings Inc. Ken Andruski, 905/848-3666 aeti.com or Columbia Financial Group Inc. 888/301-6271 (Brokers and Analysts)