FAIRFIELD, N.J. & TORONTO–(BUSINESS WIRE)–April 25, 2001–JAWZ Inc. (NASDAQ:JAWZ) a leading provider of secure information management solutions is pleased to announce that it has once again been selected as Union Townships IT Security partner to perform Managed Security for Union Township, New Jersey.
JAWZ had previously conducted an information systems and network security analysis for the Township of Union to map out the system architecture, networks and information security infrastructure. An enterprise-wide systems and security sweep enable Union Township to gain and then maintain, through JAWZ, a worry-free operation.
Captain Paul Weisenbacher of Union Township stated, “An added benefit of contracting with JAWZ is that their technical centre monitors our network and firewall 24 hours a day, 7 days a week. As our network grows to include additional resources and users, JAWZ technical staff continues to provide the expertise necessary to maintain a functional and secure municipal network.”
Robert Kubbernus, Chairman and CEO, JAWZ Inc. said, “We’re pleased to have been chosen by Union Township as their IT Security Partner. JAWZ security experts were able to provide Union Township with a secure, tested, end-to-end solution that gives the Township peace of mind to focus on its core activities with confidence.”
Weisenbacher added, “By partnering with JAWZ, we achieve a greater Return on Investment than by trying to maintain our IT Security in-house.”
The demand for information security services is mushrooming in response to the increased scope and sophistication of the onslaught of security attacks. According to IDC, the worldwide market for security consulting, implementation, management, and training services will increase at a compound annual growth rate (CAGR) of 26%, from $5.5 billion in 1999 to $17.2 billion in 2004. The U.S. market will represent nearly half of the worldwide spending total, accelerating from $2.8 billion to $8.2 billion during the same period. In the United States, IDC believes managed security services and security education and training will drive much of the spending. The 1999-2004 CAGRs in these two segments are forecast to reach 28% and 26%, respectively. By comparison, the U.S. total CAGR is expected to be 24%.
About JAWZ Inc.: “JAWZ by Name – Protective by Nature”
JAWZ Inc. is a leading secure information management solutions provider, specializing in the field of full service information security. The company’s products and services line includes security software products, consulting services and secure Internet and remote data storage services. These products are offered to key client groups including healthcare providers, governments, law enforcement, financial services, e-commerce businesses, and telecom suppliers specializing as Application Service Providers (ASP) and Internet Service Providers (ISP). It has approximately 50 established strategic partnerships and 400 corporate clients including CU-Connect, Verizon Communications, Group Telecom, TELUS, Oracle, GE, among others. International headquarters for JAWZ is located in Toronto, Canada with its US head office in Fairfield, New Jersey. For more information please visit our website www.JAWZinc.com or call 1-888-301-5297.
Any statements contained herein that are not historical facts are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company’s actual results of operations are included in its filings with the Securities and Exchange Commission. 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, including but not limited to the Company’s S-3 Registration Statement filed January 27, 2001.