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Technology Stocks : Proginet Corp -- Ignore unavailable to you. Want to Upgrade?

To: Jim Keohane who wrote (186)	1/5/1999 9:58:00 PM
From: Jim Keohane	Read Replies (1) \| Respond to of 229

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: PROGINET CORPORATION VSE SYMBOL: PRF.U JANUARY 5, 1999 Proginet Appoints New Chairman; John C. Daily Is New Chairman Of The Board Of Proginet Corporation GARDEN CITY, NEW YORK--Proginet Corporation today announced the appointment of John C. Daily as Chairman of Proginet's Board of Directors. Mr. Daily has been a board member since 1993. "Proginet has shown great promise with its innovative technology", said Mr. Daily. "The market opportunity for Proginet's technology and its recent successful sales efforts, make it an exciting time to play a larger role in the company's future." Mr. Daily brings over 25 years of general management, marketing and sales experience to Proginet. Currently Principle and Vice President of Christian & Timbers, a retained executive recruiting firm, Mr. Daily was previously President, CEO and a member of the Board of Directors of Image Business Systems, a publicly-traded (NASDAQ) software and services company, based in New York City. As Senior Vice President, Strategic Planning for Sterling Software, a $400 million company Mr. Daily was charged with identifying, analyzing and recommending key investments and/or acquisitions complementary to the company's strategic direction. Mr. Daily joined Sterling as a result of its July 1993 acquisition of Systems Center, Inc., a publicly-traded (NYSE) $130 million provider of software for enterprise-wide systems and network management. Prior to the acquisition, Mr. Daily had been Systems Centers' President and Chief Executive Officer, and a member of its Board of Directors. In this capacity, Mr. Daily managed over 900 employees in 14 countries, three major software development labs, extensive direct sales and support operations, 35 worldwide distributors and major alliances with five industry-leading companies. Mr. Daily began his career at IBM, where he served in various capacities, including General Manager, Telecommunications Marketing, (a group which generated revenues of $3 billion), Director, Market Strategy for the Communications Systems Group, and Director-Client/Server & Office Systems Marketing for the Programming Systems Group. After receiving his undergraduate degree from Dartmouth, Mr. Daily received an MBA in Marketing from Columbia University. Proginet's flagship product, SecurPass, is a security application that enables password synchronization and harmonization across disparate information security systems. Security administrators can revoke or resume a user and set or reset a password on all of the user's platforms in one step. Supporting OS/390, Windows NT domains, UNIX, and Novell NetWare systems, SecurPass builds on trusted security systems rather then requiring a new infrastructure or software to be installed on every desktop. Proginet provides advanced technology, which links Microsoft business products with IBM Mainframes. Many of the world's largest corporations and government agencies employ industry leading software developed or owned by Proginet Corporation. Proginet is headquartered in Garden City, New York and has distributors throughout the world. Proginet is listed on the Vancouver Stock Exchange under the stock symbol (VSE-PRF.U). For more information, please visit the Proginet web site at: proginet.com. The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release, which has been prepared by the company.

To: Jim Keohane who wrote (186)	2/9/1999 11:43:00 PM
From: Jim Keohane	Read Replies (3) \| Respond to of 229

Proginet Corporation Announces Second Quarter Results Revenues and Profits Increase Receive Approval For Normal Course Issuer Bid GARDEN CITY, N.Y.--(BUSINESS WIRE)--Feb. 5, 1999--Proginet Corporation (VSE:PRFu.V - news) today announced the financial results from its recently completed second fiscal quarter ended January 31, 1999. Revenues were $1,227,864 for the second quarter, up 10% from the same period last year when revenues were $1,116,236. New license revenues for the quarter were up over 30% compared to last year. The company reported a profit of $203,693 or 1.5 cents per share, compared to a loss of $556,000 or 4 cents per share in the comparable quarter last year. Results for the quarter were better than expected, reflecting improvement in both revenue growth and expense control. On a six-month basis, Proginet reported a profit of $339,366 compared to a loss of $1,347,826 for the same period last year. For the first time, more than 50% of Proginet's new license revenue was attributed to SecurPass, the company's flagship security software product. ''The security password synchronization market continues to expand and Proginet's SecurPass is well positioned to capitalize on this market opportunity'' said Kevin M. Kelly, President and CEO of Proginet Corporation. Proginet Corporation today also announced that the Vancouver Stock Exchange has accepted its filing of a Notice of Intention to Make a Normal Course Issuer Bid in respect to 300,000 shares of common stock. Proginet will use the brokerage firm of CIBC Wood Gundy Securities Inc. of West Vancouver to be its broker for the execution of the bid. The bid will commence of February 12, 1999 and will continue until the earlier of the date on which 300,000 shares have been acquired and February 12, 2000. The company will hold a conference call on Tuesday, February 16,1999, at 4:30 EDT to provide investor updates and answer questions. Please contact Kerri at (516) 248-3371 by 12 p.m. EDT Tuesday, February 16, 1999 to register for Tuesday's conference call. Proginet's flagship product, SecurPass, provides integration of security systems from Microsoft (NASDAQ:MSFT - news), IBM (NYSE:IBM - news), Computer Associates (NYSE:CA - news) and Novell (NASDAQ:NOVL - news), as well as integration with UNIX environments provided by Sun Microsystems (NASDAQ:SUNW - news), Hewlett-Packard (NYSE:HWP - news) and IBM. Corporations that connect their networks to the Internet have a greater level of exposure to intrusion from outside and within. Tighter control of the many different security systems in an organization is required to combat this exposure. SecurPass provides this control by helping these different security systems work as one.