AuthentiDate Digital Signature Solution for Electronic Billing Implemented by T-Mobile.Business Editors DUSSELDORF, Germany--(BUSINESS WIRE)--Jan. 29, 2003 AuthentiDate International AG, a wholly-owned subsidiary of AuthentiDate Holding Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADAT (Alesis Digital Audio Tape) A digital audio recording technology from Alesis, LLC, Cumberland, RI (www.alesis.com). In 1992, Alesis introduced the first 8-track digital tape recording system. ), announced that T-Mobile, one of the leading international mobile phone networks and a subsidiary of Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. (NYSE NYSE See: New York Stock Exchange : DT), implemented a solution for its electronic, signature-based invoicing business using AuthentiDate's digital signature solution. Using the AuthentiDate technology, outgoing electronic invoices issued by T-Mobile Germany are provided with qualified, electronic signatures in accordance with the German Digital Signature Act and European Signature Directives. For the first time, this will enable customers to use signed, electronic invoices for prepaid value added tax value added tax n (BRIT) → impuesto sobre el valor aƱadido or agregado (LAM) value added tax n (Brit deduction purposes, without the need to retain additional paper copies of the invoices. The use of electronic signatures in electronic invoicing processes has been required under German sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. law ever since January 1, 2002, and is now an obligatory step for any invoice recipient who wishes to utilize prepaid value added tax deduction without having to receive and keep paper invoices. The AuthentiDate eBilling signature solution enables invoice issuers and invoice recipients to tap into some real opportunities for significant savings. As well as completely removing the need for the cost-intensive process of sending out paper invoices, it also allows those invoice recipients, who do not have Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) systems, to receive invoices electronically, without requiring them to process paper copies of the invoices. These electronic invoices can be made available for automatic data importing, without the need for any additional manual input and, at the same time, they represent an authorized, officially recognized basis for prepaid value added tax deduction. The AuthentiDate solution also actively permits the simultaneous signing of invoices in a variety of formats. This allows for the signed transmission of invoices in multiple formats: for example, as a standard PDF file to be viewed by staff, and, simultaneously, as a data record to be processed in the system. "T-Mobile, one of the largest international mobile phone networks, is now providing its broad customer base with a revolutionary opportunity to significantly optimize their processes for dealing with incoming invoices," explains Jan C. Wendenburg, Chief Executive Officer of AuthentiDate International AG. About AuthentiDate International AG AuthentiDate International AG (www.authentidate.de), Dusseldorf, Germany is the first Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Certification Provider, certified by the German Regulatory Authority for Telecommunications and Posts (RegTP), focusing legal binding timestamps compliant to the strong German electronic signature laws and European signature directives. Thus, the time signatures supplied by AuthentiDate International AG for any electronic data provide the highest level of protection recognized by law in the form of qualified digital signatures. AuthentiDate is also the first accredited vendor focusing business process solutions, based on electronic signatures and time stamping time stamping The stamping of order tickets with the time of entry and execution. For example, options exchanges require stamping of order tickets with the times of execution to the nearest minute. technology. AuthentiDate's Business Solutions feature short ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). (return of invest) cycles, simple integration, low operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. and ease of use. The unique design enables most customers for the first time receiving substantial profit contributions from signature and time stamping technologies. The AuthentiDate Group has a worldwide presence; in Europe, the USA and through partners in Asia. AuthentiDate Holding Corp, Inc. located in the USA (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) is listed on the NASDAQ stock exchange (ADAT) and in Germany (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 893715). About AuthentiDate Holding Corp. AuthentiDate Holding Corp. (AHC AHC Appalachian Hardwood Center AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company ) is the holding company of five business units: DocSTAR, AuthentiDate International AG, AuthentiDate, Inc., DJS Marketing Group/Computer Professionals International and Trac Medical Solutions, Inc. AuthentiDate and AuthentiDate AG provide the authentication of digital data through its proprietary and patent pending technology. AuthentiDate is establishing itself as the authority on "content security," a growing sector of the electronic network security infrastructure market Trac Medical uses the AuthentiDate service to improve speed, accuracy and security in processing medical forms. These three business units comprise the AuthentiDate Segment for financial reporting purposes. DocSTAR sells a complete line of document imaging products and DJS delivers professional services centered on systems integration projects, staff augmentation, out-tasking and outsourcing services, and resells computer related products. This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of The Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. |
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