CyberKey and MicroKey Sign Retail Licensing Agreement; MicroKey to distribute CyberKey Products in United States, Mexico, South America and Asia.Business Editors/High-Tech Writers ST. GEORGE, Utah St. George is a city located in the southwestern part of the U.S. state of Utah, and the county seat of Washington County, Utah.GR6 It is the principal city of and is included in the St. George, Utah Metropolitan Statistical Area. & SALT LAKE CITY--(BUSINESS WIRE)--March 17, 2003 CyberKey(TM) (Pink Sheets: CYKY) announced today that it has signed a retail licensing agreement with MicroKey Inc. of Salt Lake City. Under terms of the automatically renewable one-year resale and distribution agreement, MicroKey will distribute CyberKey's "plug and play" removable flash memory storage devices into all retail channels in 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. , Mexico, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Asia. These USB drives allow users to easily transport large amounts of electronic data and software applications from one computing device to another as long as the devices come equipped with a Universal Serial Bus See USB. (hardware, standard) Universal Serial Bus - (USB) An external peripheral interface standard for communication between a computer and external peripherals over an inexpensive cable using biserial transmission. port, which is a standard feature in virtually all personal computers shipped today. "These new USB drives make it extremely simple to carry vast amounts of data in a shirt pocket, in a purse or on a keychain," said Cord Beatty, MicroKey president. "The challenge is that lots of companies are launching their own USB drives. That's why we like CyberKey's approach of creating unique solutions for various markets -- an approach we're confident will succeed in the retail marketplace." "MicroKey has some very unique expertise, as well as existing relationships, in the retail arena that are very appealing to CyberKey," said Jim Plant, CyberKey president and chief executive officer. "We're expecting big things from this relationship with MicroKey." Additional details of the agreement were not disclosed by either party. About CyberKey Based in St. George, CyberKey Corp. partners with industry leaders to market USB drive solutions to vertical markets, such as the automotive, education, entertainment, finance and medical arenas. CyberKey technologies allow users to easily and securely transport and utilize large amounts of electronic data and the attendant software applications from one electronic device to another by utilizing Universal Serial Bus (USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ) drives, addressing serious issues of data portability and accessibility in the process while creating new market opportunities at the same time. For more information, visit CyberKey's Web site at www.cyberkeycorp.com. About MicroKey MicroKey Inc., a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , is a product distribution company with global sales, distribution and strategic alliances. MicroKey has strategic alliances and contacts throughout the world in virtually every market and industry for sales and distribution of the CyberKey USB External Flash Drive. Management of MicroKey has an extensive background in marketing, promotion, sports, entertainment and media. CyberKey is a trademark of CyberKey Corp. 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. This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the maturing of historical business, the company's ability to generate significant revenues from new business initiatives, Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. risks, and other risks detailed in the company's periodic report filings with the U.S. Securities and Exchange Commission. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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