AuthentiDate International AG Announces Agreement With Mikromatic GmbH.Business Editors/High-Tech Writers SCHENECTADY, N.Y., DUESSELDORF, Germany & WALDBRONN, Germany--(BUSINESS WIRE)--July 24, 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 today an agreement with Mikromatic GmbH. Under the agreement Mikromatic will expand its detection software "TIFFCapture" to include the AuthentiDate Signature components. Digitized documents will receive an electronic signature that, under German law, legally and securely records the identity between the paper document and the digital copy. AuthentiDate expects utilization at the nationwide active "scan points" of the Mikromatic GmbH franchise network will provide a fast and blanketing market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" of the newly integrated solution. While financial terms of the agreement were not disclosed, AuthentiDate stated that revenue would be generated through recurring license fees from each installation. TIFFCapture is scanner detection software for mid- to high-volume record documentation that is suited for all major brand document scanners An optical scanner geared to office documents rather than photographs. Also called "office scanners," "enterprise scanners" and "business scanners," desktop models have automatic document feeders that can scan in the range of approximately 15 to 100 pages per minute. . It supports all scan functions for image preparation and indexing at full scan speed and organizes the recording, control, processing, indexing and transfer of the scanned documents to predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: storage points. Automatically qualified electronic signatures can be produced during the scan process that can be inserted into digital documents by integrating the AuthentiDate electronic Scan Signature Solution(TM). TIFFCapture customers now have the possibility to flawlessly flaw·less adj. Being entirely without flaw or imperfection. See Synonyms at perfect. flaw less·ly adv. and legally document the interface between paper and electronic documents by adding a signature that conforms to the German Signature Law. All scan points work with TIFFCapture, which allows them to offer customers the new signature service. Marc T. Willems, Member of the Board of AuthentiDate International AG stated, "The successfully expanding TIFFCapture chain represents an ideal expansion for AuthentiDate. We can make our technology available within a short time to a wide user base. The integration in TIFFCapture was very easy to do because the system was very straight forward." Reinhard Stamm, Key Account Manager of Mikromatic GmbH, added, "With the Scan signature solution of AuthentiDate we expanded TIFFCapture to include a pragmatic solution that no longer requires the user of TIFFCapture to store paper backup files A file on a tape, removable disk or the fixed disk of another computer that is a copy kept for backup purposes. See backup types. ." 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 (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 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 (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. centered on 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 and outsourcing services, and resells computer related products. About AuthentiDate: 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 of different branches. 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. The AuthentiDate Group is worldwide present in Europe, USA and through partners also 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). About Mikromatic GmbH: The Mikromatic GmbH is a dependable service provider for document management since its founding in 1979. In addition to the in-house development of the TIFFCapture scanner detection software, the production control system WORKCapture for service providers, and in-house installations, the Mikromatic GmbH has specialized itself in complete solutions for "digital document management" and "digital publishing". System integration, software developments, selection and automatic indexing using ICR/OCR, outsourcing projects and the facility management (in-house archiving) are achievements that add to the usual consulting and installation of software and hardware for Mikromatic GmbH. In addition, Mikromatic integrates products from other manufacturers to create functioning complete solutions. The Mikromatic GmbH presently employs 40 people and has been a member of the U-Plus environment services AG since 2003. (A 100% subsidiary of the Energie Baden-Wurttemberg AG.) As a holding in the EnBW-Konzernverbund, the U-Plus Umweltservice AG combines the activities and achievements of a group of de-centrally managed businesses with the focal point focal point n. See focus. of disposal and recycling services for communities, businesses and industries. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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