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NET NANNY LAUNCHES BIOPASSWORDÒ SOFTWARE DEVELOPMENT KIT AT RSA CONFERENCE
For Immediate Release: For More Information Contact:
February 19, 2002 ECON Investor Relations, Inc.
Toll Free: 888-889-9212
dvanzant@investorideas.com
truehs@investorideas.com
NET NANNY LAUNCHES BIOPASSWORDÒ SOFTWARE DEVELOPMENT KIT AT RSA CONFERENCE
Patented strong user authentication technology provides unique security layer
for new and existing products
Bellevue, Wash., February 19, 2002 - Net Nanny Software International Inc. (OTCBB: NNSWF) (CDNX: NNS), the leader in biometric keystroke authentication technology, today announced the official launch of its BioPasswordÒ Software Development Kit (SDK) at the RSA Conference in San Jose, CA, February 19-21st.
The SDK allows third parties to easily integrate the patented, software-only BioPassword technology into any application that requires reliable and user-friendly authentication, without the difficulties associated with deploying new hardware devices and changing business processes. Previously announced partners, TouchCredit and Novell, will demonstrate products built with the SDK in booth 1702. We chose to officially debut the BioPassword SDK at the RSA Conference because of the large concentration of independent software vendors and system integrators who are looking for solutions to the authentication dilemma, but dont want to reinvent the wheel," said Mitch Tarr, Net Nannys VP of marketing and alliances. BioPassword leverages what people are already used to doing -- typing their user name and password -- and adds typing rhythm as a unique identifier. Security needs, especially on the Internet, are being driven by customer demand and legal regulations. BioPassword provides an easy solution for deploying strong user authentication to the masses."
Net Nanny is not only licensing its SDK to third parties, but also using it to build custom solutions for other security companies, enabling it to benefit from its partners marketing campaigns and reseller channels. The Company generates revenues through per user" or per transaction" fees from these license agreements. By leveraging its partners, the Company expects to accelerate its go-to-market strategy by selling to their installed base. The following statements are from present customers and partners:
As companies take internal business processes to the Net, security becomes paramount ¾ and strong authentication is the first line of defense for protecting sensitive corporate data," said Richard Maddox, director of Novells access and security solutions. Adding Net Nannys keystroke rhythm technology to Novells access and security solutions gives customers the option of a very strong, cost-effective authentication method that is easy to deploy and maintain."
The online financial industry is one of the most security-aware markets today," said James Uberti, president and CEO of TouchCredit Financial Services, Inc. Integrating Net Nannys cutting edge technology, BioPassword, into our patent-pending Cardless Credit technology solutions, provides an excellent vehicle for the realization of a next generation Biometric Credit offering."
Adding BioPassword to our user authentication system not only strengthens the security features of our clinical data management software, but also creates unique digital signatures" conforming to FDA regulations, when used with our activity tracking technology," said Robert Major, founder and president of SyMetric Sciences, Inc. BioPassword is an elegant solution and since no additional hardware is required, it is easy to deploy and implement. The software developers kit (SDK) also gave us a high degree of flexibility to integrate the BioPassword technology exactly where we needed it."
The next generation of online validation procedures will rely exclusively on biometrics-based solutions," said Gari Garimella, chief operating officer of ContinuedEd. Of these, BioPasswords keystroke authentication leads the way in terms of reliability and ease of use. This unique software--only solution will provide a far superior alternative to hardware-based biometric solutions or proctored testing solutions. We expect this collaborative effort with BioPassword to establish validation standards in the online driving safety industry."
While there are many ways to authenticate users, technologies that provide strong security without additional demands on the user are optimum, and they make the most economic sense," said Bob Forbes, Executive VP of strategic initiatives. BioPassword offers a unique addition to our arsenal of strong authentication technologies that are essentially transparent to users and its a natural fit with our behavior-based framework for identifying people online."
Previously announced partners, TouchCredit and Novell, will demonstrate products built with the SDK in booth 1702. The company will also be demonstrating BioPasswordÒ Network v. 4.5, a client-server application currently available for purchase that adds a layer of biometric authentication to the Windows NT/2000 log in process.
About Net Nanny Software International Inc.
Net Nanny Software International Inc., a publicly traded company (OTCBB: NNSWF), (CDNX: NNS) with headquarters and subsidiaries in the United States and Canada, specializes in Internet safety and computer security products for both the home and enterprise markets. The Companys award-winning Internet safety product, Net NannyÒ, and patented strong user authentication technology, BioPassword®, address the growing need to control access to mission-critical computer data and give users the freedom to choose options that match their individual needs and value system. For more information on the Company and its products, please visit www.netnanny.com, www.biopassword.com or call (425) 378-3203.
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On behalf of the Board of Directors
Net Nanny Software International Inc.
Gordon A. Ross"
Chairman and CEO
Note to Readers: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium, market acceptance risks, technological development risks, seasonality and other risk factors.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this Press Release.
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For More Information Contact Dawn Van Zant at dvanzant@investorideas, Trevor Ruehs at truehs@investorideas.com or Toll Free 1 888 889 9212
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