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AuthentiDate International AG Receives Auditor's Certificate for its Electronic Invoicing Solution with Digital Signatures; Certified Solution Provides New Level of Legal Compliance & Security Consistent with German Regulations.


DUESSELDORF, Germany -- 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. ), today announced that its electronic invoicing solution with digital signatures has been certified by one of the world's leading auditing firms. The company stated that the certification process tested the compliance of the Electronic Invoicing Solution with German bookkeeping bookkeeping, maintenance of systematic and convenient records of money transactions in order to show the condition of a business enterprise. The essential purpose of bookkeeping is to reveal the amounts and sources of the losses and profits for any given period.  and accounting regulations. The Company also stated that it believed that its solution was the first electronic invoicing solution certified as compliant with German bookkeeping and accounting regulations by an independent global auditing firm.

Any company intending to use a digital signature solution for electronic invoicing should ensure that the chosen signature software will meet current legal requirements. This will avoid unnecessary financial risks at a later date. Using signature solutions not conforming to legal regulations may result in missing acknowledgement of digitally signed Any message or key that has been encrypted with a digital signature. When a user's public key is digitally signed by a certification authority (CA), it is known as a digital certificate or digital ID. See digital signature and digital certificate.  electronic invoices. The interest then due to tax authorities for unauthorized VAT deduction may quickly reach significant amounts.

The complexity of electronic invoicing regulations often makes it difficult for companies to verify manufacturers' declarations regarding software compliance with statutory regulations. AuthentiDate International AG has taken a proactive step towards simplifying this decision for enterprises by having its signature software solution tested and certified by an independent, trusted authority.

Such certification enables AuthentiDate to offer a new level of trust and further proof of quality to its customers and business partners. Now, every company can easily verify the legal and regulatory compliance of AuthentiDate's digital signature solution for electronic invoicing in accordance with German bookkeeping and accounting regulations. At the same time, certification gives customers greater protection of their investment in software and significantly increased security in their electronic invoicing processes.

Electronic invoicing allows both senders and recipients to reduce costly paper invoices, but companies need special software to create signatures for electronic invoices. This software should be able to digitally sign large volumes of invoices automatically and quickly while providing fast and seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation.  into existing corporate processing environments. Electronic invoices in Germany must also comply with the stipulations of the turnover tax law (UStG), the commercial code (HGB Hgb hemoglobin.

Hgb
abbr.
hemoglobin



Hgb

hemoglobin.

Hgb Hemoglobin, see there
), the fiscal code (AO), the principles of good accounting (GoB) and the electronic signature act. If legal stipulations for electronic invoices are not observed and fully met, larger financial risks may occur. AuthentiDate's electronic invoicing solution meets all of those criteria, as well as the additional benefit of certification by an authoritative third party.

"This is an important enhancement to one of our leading signature-based business process solutions," said Jan C. Wendenburg, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of AuthentiDate International AG. "AuthentiDate's electronic invoicing solutions have always provided a leading level of legal compliance for digital signatures. With this software certification from a leading auditing firm, however, we are now able to provide our new and installed customers with a clear and written statement from an independent third party about quality and compliance with statutory requirements of our digital signature software."

Many larger, high profile corporations in Germany, Europe and other countries have used AuthentiDate's solutions for many years, including providing electronic invoices with the legally required digital signatures. This enables both senders and recipients to reduce costly paper invoices by using electronic invoices conforming with international and local legal environments.

The full text of the certificate, including important terms and conditions regarding the scope of the auditor's certification, can be found at www.authentidate.de/certificate.

The software solution for electronic invoices described above is available from AuthentiDate International AG's subsidiary AuthentiDate Deutschland GmbH.

About AuthentiDate International AG & AuthentiDate Deutschland GmbH

AuthentiDate (www.authentidate.de), Duesseldorf, Germany, develops and provides vendor independent business-process solutions enabling for the first time anyone to integrate simply and quickly digital signatures and time stamps See timestamp.  into existing corporate processing. The unique set of solutions, which can be used for almost any corporate process, i.e. billing, workflow, archiving, scanning and e-mail communication, will help to reduce costs significantly and optimize processing immediately.

Many high profile companies in various industries and governmental organizations using AuthentiDate digital signature solutions for years in Germany This is a list of years in Germany. See also the timeline of German history. For only articles about years in Germany that have been written, see .
  • 1870s: 1870 - 1871 - 1872 - 1873 - 1874 - 1875 - 1876 - 1877 - 1878 - 1879
, Europe and other countries to substitute paper processing through legally binding, electronic business processes in accordance with international and local legal environments.

For the first time professional signature solutions are available either as boxed products, web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term.  or individual solutions, based upon a common flexible and modular architecture. The elements of the unique offering, available from AuthentiDate Deutschland GmbH, may be used independently or in combination with other solutions. Today, many software vendors already have integrated AuthentiDate's signature products into their standard offerings. Therefore any organization now may easily benefit from automatic digital signatures processing.

In addition, AuthentiDate International AG offers governmentally certified trust center services in accordance with the German Signature Act and the EU Signature Directive. AuthentiDate International AG was 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.
 by the German Federal Network Agency (Regulatory Agency regulatory agency

Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S.
 for Telecommunications and Postal Affairs) in November of 2001 and operates a trust center especially for time stamp services.

The AuthentiDate Group is also present in USA and is today the sole supplier of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval (R) Electronic Postmark(R) (USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. (R) EPM EPM

equine protozoal myeloencephalitis.
(R)), a unique service for secure electronic communication in the USA. AuthentiDate Holding Corp, Inc. (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 (ADAT) and at German stock markets (Security Identification Code 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 which operates its software and services businesses in three segments: the Security Software Solutions Segment (fka Authentidate Segment, including AuthentiDate, Inc., Trac Medical Solutions, Inc. and Authentidate International AG), the Document Management Solutions Segment (fka Docstar Division) and the Systems Integration Segment (fka DJS). The Company is a worldwide provider of secure enterprise workflow management solutions that incorporate its proprietary and patent pending content 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.
 technology. AuthentiDate's offerings include the United States Postal Service Electronic Postmark Service (USPS EPM(R)), electronic signing solutions, and electronic forms processing solutions. AuthentiDate also provides secure document management solutions, and enterprise network security products and services.

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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Aug 10, 2005
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