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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: Tony McFadden who wrote (4785)	12/11/1998 10:35:00 AM
From: Philip Geiger	Read Replies (2) \| Respond to of 11417

Giga Conference News* For Immediate Release December 11, 1998 Wave Systems' EMBASSY E-Commerce System Wins "Most Innovative Product Award" in the Desktop Category at Giga Information Group Conference La Quinta, CA -- Wave Systems Corp. (OTC BB: WAVX; wave.com) today announced that its EMBASSY E-Commerce System was selected by attendees of Giga Information Group's "Emerging Technology Scene" conference as the Most Innovative Product in the "Amazing Future of the Desktop" demo competition. Steven Sprague, president of Wave Systems, spoke to conference attendees and Giga Group analysts Monday December 7, 1998. His product demonstration and speech addressed the issues of secure e-commerce and content distribution and the need for standards-based "trusted-client" solutions that enable broad-based content delivery by placing secure transaction engines at the desktop. "I am very encouraged to see that IT professionals, industry leaders, and Giga analysts understand the inherent value and promise the EMBASSY trusted-client technology by honoring us with the Most Innovative Product award in the desktop category," said Steven Sprague, Wave Systems President. "The increasing number of alliances Wave has struck over the past few months will accelerate the broad distribution of Wave's technology into the marketplace. Giga's conference was the perfect opportunity to increase our current base of industry support." The trusted-client system is an open, programmable hardware- and software-based device that creates a fully exportable, secure and trusted environment within the PC. It provides an inexpensive, standards-based platform for running secure applications and protecting important data and digital identities in individual PCs. As the first implementation of the trusted client technology, Wave's EMBASSY E-Commerce System embeds security and trust at the desktop and creates a client-based solution for e-commerce, Internet security, and content delivery, elevating the personal computer to an important new role in the evolving digital economy. About Wave Systems Corp: Founded in 1988, the mission of Wave Systems Corporation is to create the world's best technologies and services to secure and sell digital information. Wave's core EMBASSY technology is an inexpensive, proprietary hardware and software-based device that enables secure transaction processing and distributed information metering in users' PCs. Embedded in PC hardware and peripherals, set-top boxes and other devices, EMBASSY is the foundation for client-based security applications and a new distribution and purchasing model for content and services. This low-cost, secure "system within a system" will enable the personal computer to assume an important new role in the evolving digital economy. By moving secure transactions to the desktop, Wave provides intrinsic value to the electronic commerce process, benefiting PC users, application developers, and hardware manufacturers. For more information, please visit Wave's corporate web site at wave.com Safe Harbor for Forward-Looking Statements: Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the loss of market share, changes in consumer buying habits and other factors over which Wave Systems Corp., has little or no control.