AuthentiDate International AG Activates Three Customers as Part of the Master Agreement with Scan Providers.Business Editors/High-Tech Writers SCHENECTADY, N.Y. & DUSSELDORF, Germany--(BUSINESS WIRE)--Nov. 20, 2003 Three health insurance companies opt for signatures in the scanning and use solutions of the AuthentiDate - IS KV master agreement AuthentiDate International, AG, a 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 three German health insurance companies (BKK BKK Bangkok BKK Betriebskrankenkasse BKK Bangkok, Thailand - Bangkok International Airport (Airport Code) BKK Big Knobi Klub (a Shadowrun Website) BKK Backus Kehoe Kydland Bosch, BKK Hochst, BKK R+V) are deploying the scan signature solution from OCR OCR in full optical character recognition Scanning and comparison technique intended to identify printed text or numerical data. It avoids the need to retype already printed material for data entry. and AuthentiDate for recording incoming documents. The three health insurance companies are obtaining the solution pursuant to the master agreement that AuthentiDate had entered into with IS KV and leading scanning software providers, including OCR in June 2003. Customers that procure the AuthentiDate scan signature solution through the master agreement pay a yearly flat rate for the service based upon the size of the health insurance company (i.e. the number of members) and includes all transactions generated by the signature solution. Pursuant to the master agreement, the AuthentiDate signature technology is automatically available to the health insurance companies as part of the OCR scanning software. Under the German Signature law, compulsory health insurance companies are obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to scan documents exclusively using qualified personal signatures by no later than August 2004 if the original documents are being destroyed. Due to the multitude of documents, an automated process is necessary, which is easily enabled by the AuthentiDate scan signature technology. For those documents that are scanned without qualified personal signatures, the law mandates that starting in August 2004 the paper documents must also be stored for a prescribed period of time. For many health insurance funds, this would mean a step backwards and additional costs. Using the signature solution, it is possible to generate legally valid data and reduce storage costs. In the context of their strained financial situation, this represents a significant advantage for the health insurance funds. The AuthentiDate scan signature solution is already being successfully used by other companies such as the Kaufmannische Krankenkasse (KKH KKH Karakoram Highway (between Pakistan and China) KKH Kaufmännische Krankenkasse Halle (German) KKH Kandang Kerbau Hospital ). The partners of the master agreement, Frank Krause (Managing Director, IS KV), Roland Krell (Managing Director, OCR) and Marc T. Willems (Member of the Board, AuthentiDate International AG), agree that the participation of the three health insurance companies (BKK Bosch, BBK BBK Bundesamt für Bevölkerungsschutz und Katastrophenhilfe (German) BBK Bilbao Bizkaia Kutxa (Bank of Bilbao, Spain) BBK Bank of Bahrain and Kuwait BBK BB King (blues artist) Hochst and BKK R+V) not only strengthens the master agreement but could also become the standard for the implementation of these regulations in the future. In addition to signature solutions for the scanning process, IS KV also offers its customers a variety of other AuthentiDate signature modules that can be employed according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the needs of the health insurance companies. These modules have already been linked with the base system at IS KV through standard interfaces and are immediately ready for use by the customers of IS KV. 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. DocStar sells a complete line of proprietary document imaging products. AuthentiDate and AuthentiDate AG provide the authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. of digital data through its proprietary and patent pending technology. AuthentiDate intends to establish itself as the authority on "content security" as it is a growing sector of the electronic network security infrastructure market. DJS delivers professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. centered around technology systems integration projects, staff augmentation AUGMENTATION, old English law. The name of a court erected by Henry VIII., which was invested with the power of determining suits and controversies relating to monasteries and abbey lands. , out-tasking, outsourcing services and resells computer related products. Trac Medical uses the AuthentiDate service in the medical supply business. 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 Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities for Telecommunications and Posts (RegTP), focusing legal binding timestamps compliant to the strong German electronic signature laws and European signature directives. AuthentiDate is also the first accredited vendor focusing business process solutions, based on electronic signatures and timestamping technology. These solutions are featuring by easy integration, high economic efficiency, platform independence and protection of investment. The AuthentiDate solutions are nationally and internationally used by well-known companies. The customers utilize the signature solutions to achieve legal security within eBilling, archiving, scanning and workflow. In addition AuthentiDate's technology is already integrated in different products of other manufacturers, therefore legal security for business processes is automatically available for many companies. AuthentiDate is present in Europe, USA and also through partners in Asia. AuthentiDate Holding Corp, Inc. located in 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). 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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