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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ -- Ignore unavailable to you. Want to Upgrade?

To: DAK7 who wrote (2343)	5/25/1999 9:47:00 AM
From: j.oil	Respond to of 3086

NEWS JAWS Technologies and Proginet Corporation Announce Strategic Alliance To Provide Enhanced Internet Security CALGARY, May 25 /CNW/ - JAWS Technologies Inc. (NASD-OTC BB: ''JAWZ'') a provider of the best in information security technologies and practices, today announced the formation of a strategic alliance with Proginet Corporation (VSE:PRFu.V), a provider of password management and information movement software solutions. Through this strategic partnership, JAWS Technologies will work closely with Proginet to develop, market and sell information security products for the secure transmission of information across the Internet. JAWS Technologies encryption technologies coupled with Proginet's information movement technology will enable enterprises to fully exploit the advantages of moving mission critical data across the Internet through a highly secure methodology. Their joint efforts will not only support enterprise management but also e-commerce and other Internet applications. ''The formation of this business alliance with Proginet is a significant opportunity for JAWS to fully integrate its encryption technologies into new security products that will support the growth of the Internet economy,'' states Robert Kubbernus, CEO, JAWS Technologies Inc. ''We are also excited about the opportunity of joint development with Proginet and some of JAWS security software products in enhancing our key management systems. This will also increase our depth of market penetration. This relationship will result in the development of business solutions that will allow enterprises to transmit highly confidential information across the Internet, in an incredibly secure manner. According to the Frost & Sullivan U.S. Encryption Application Market report, it is estimated that this market will grow to 3.3 billion dollars by the year 2004 with a compound annual growth rate of 55.4%. Given the size of the market place and the superior nature of our combined products we are extremely encouraged by this joint opportunity.'' ''As the need for using the public Internet to transmit mission critical data increases, current encryption standards can be corrupted,'' states James F. Kelly, Senior Vice President of Proginet Corporation. ''By incorporating JAWS Technologies' 4096 bit encryption software, our customers will be able to ensure that their data is protected. 4,096 bit encryption has never been compromised.'' About Proginet Corporation Proginet Corporation is a New York-based software development company that provides mission-critical software solutions for seamlessly integrating products from Microsoft (NASDAQ:MFST), IBM (NYSE:IBM), Computer Associates (NYSE:CA), Novell (NASDAQ:NOVL), Sun Microsystems (NASDAQ:SUNW), Hewlett-Packard (NYSE:HWP) and others. Proginet is listed on the Vancouver Stock Exchange under the stock symbol (VSE:PRFu.V). Over five million users in many of the world's largest corporations and government agencies are currently using industry-leading software developed or owned by Proginet Corporation. For more information about Proginet, please visit the Proginet web site at proginet.com or call James M. Kelly at 516 248-2000. About JAWS Technologies JAWS Technologies, Inc. (NASD-OTC BB: ''JAWZ'') is dedicated to the development and integration of information risk management strategies for secure business practices on a global scale. JAWS Technologies offers an extensive security consulting practice that addresses explicit business requirements. The JAWS IT Security Practice, performed by a team of high calibre security experts, encompasses a robust series of IT audit routines. JAWS Technologies is at the forefront of the cryptography industry with uncompromised security technologies. The sophistication of proprietary security technology solutions coupled with leading edge packaged data encryption software products provides JAWS clients fast, strong and easy-to-use security management tools. For more information, visit the company's web site at jawstech.com. Forward all investment inquiries to invrel@jawstech.com or call 1-888-301-5297. Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future. -30- For further information: Robert Kubbernus, CEO, Jaws Technologies, Barrie Einarson, Director of Investor Relations, 1-888-301-5297, Email: rob@jawstech.com