Press Release
For Release On
November 12, 1998
For more information, contact:
Nika Herford
Vice-President, Public Relations
Net Nanny Software Inc.
Telephone: (425) 688-3008
Email: <mailto:NikaH@netnanny.com> PR@netnanny.com
Brad McLean
Investor Relations
Net Nanny Software International Inc.
Telephone: (604) 662-8522
Email: <mailto:IR@netnanny.com> IR@netnanny.com
Net Nanny Registered with SEC, Listing on OTCBB, Expands European
Distribution
Bellevue, Washington, November 12, 1998 - Net Nanny Software International
Inc. (NNS.V, NNSWF) is pleased to announce that the Company's 20F
Registration Statement has been accepted by the Securities and Exchange
Commission in the United States. The Company's securities are now eligible
to be reinstated for trading on the Over the Counter Bulletin Board,
regulated by the NASD, with the symbol NNSWF.
Additionally, the Company has signed a distribution agreement with Clifton
Reed Consultants, based in Woking, Surrey, England as Net Nanny® resellers.
Clifton Reed Consultants have been supplying education establishments with
PC services and IT consultancy for the last 13 years and more recently
developed their own Network security products Ranger and WebRanger. "This
alliance will enable us to provide Schools and Colleges with a complete
security solution. Fundamentally, this will mean that staff and parents
will be confident that their children and students are using school networks
and the Internet in a safe and secure environment" said Marie Palmer, Sales
and Marketing Manager. "With the impact of the second phase of the National
Grid for Learning initiative we expect that during 1999 at least 100,000
students will be using Net Nanny® and our Ranger suite of products to
control their school intranet and World Wide Web activities."
The Prime Minister of England, Tony Blair, announced last week that the UK
Government is committing an extra £430 million for the program of linking
every school to the Internet. This intended investment comes on top of the
£269 million already announced and takes the Government's investment budget
in computers for the National Grid for Learning to £700 million.
Additionally, there is a further £300 million available from the National
Lottery for teacher computer training. It is the Government's stated
intention that every school will be linked to the Internet by 2002.
"We are particularly pleased to expand our operations in Europe at a time
when Internet literacy and connections are mounting" said Gordon Ross, CEO
and President of Net Nanny Software International Inc. "The addition of
Clifton Reed Consultants as distributors of our unique product line to the
education market gives us three distributors in this burgeoning growth
market. Net Nanny® is now being sold in retail stores, through Internet
Service Providers, and directly via the Internet to the home, corporate and
education markets throughout England."
NET NANNY SOFTWARE INTERNATIONAL INC.
In January 1995, Net Nanny Software International Inc. introduced the first
filtering software product of its kind. Today, Net Nanny and NNPro for
networks continue to be the preferred choice for parents, schools, and
businesses that want flexible, editable software tools and free databases
for protecting their families, their organizations and their digital data.
The products control more than just the Internet - they are the only tools
that work at the operating system level, monitoring, auditing, and/or
blocking material in every Windows application, online or offline, in real
time. This unique approach allows the products to also patrol the most
potentially dangerous online environments - email, chat rooms and one-on-one
instant messaging programs - in which children tend to be at the most risk.
The Company also holds an exclusive patent on keystroke dynamics, a
biometrics security and access control technology. Totally software-based,
BioPassword* uses a patented process, owned exclusively by Net Nanny
Software International Inc., which utilizes keystroke dynamic technology
developed by top engineers at Stanford Research Institute. It uses
biometric (body characteristic) measurements and a proprietary algorithm to
record an individual's unique typing rhythm. The technology can be used
with any keypad, from computer keyboards to ATM machines to telephones.
For additional information, visit Net Nanny's Web site: www.netnanny.com
<www.netnanny.com> , or BioPassword's: www.biopassword.com
<http://www.biopassword.com> or call the Company directly at (425)
688-3008, or (604) 662-8522.
Net Nanny Software International Inc.
David R. Lewis, B.Eng., C.A.
Director and Chief Financial Officer
Note to Readers
Certain statements identified as "forward looking statements" in this Press
Release are not based on historical facts, but are instead based upon a
number of assumptions concerning future conditions that may ultimately prove
to be inaccurate. Actual events and results may materially differ from
anticipated results described in such statements. The Company's ability to
achieve such results is subject to certain risks and uncertainties,
including but not limited to, adverse business conditions in the industries
served by the Company and the general economy, competition, new laws and
regulations impacting the products that the Company provides, and other risk
factors affecting the Company's business beyond the Company's control.
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this Press Release.
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