JAWS Technologies Inc. Joins New International Consortium Formed To Advance Application Service Provider ASP Market.

CALGARY, Alberta--(BUSINESS WIRE)--May 11, 1999--

JAWS Technologies Inc. (OTC BB:JAWZ), a provider of the best in information security technologies and practices, has joined with other leading technology companies to form an international advocacy group dedicated to fostering greater understanding of and guidelines for the fast-emerging application service provider segment of the computer industry.

Based in Massachusetts, the Application Service Provider Industry Consortium (ASP Industry Consortium) will sponsor research, foster standards and work to articulate the measurable benefits of the evolving ASP delivery model.

In addition to JAWS Technologies, the founding members of the ASP Industry Consortium include AT&T, AristaSoft Corporation, Boundless Technologies, Inc., Cisco Systems, Inc., Citrix Systems, Inc., Compaq Computer Corporation, Cylex Systems, Inc., Ernst & Young LLP, Exodus Communications, Inc,, FutureLink Corporation, GTE, Great Plains Software, IBM Corporation, Interpath Communications, Inc., Marimba, Inc., Onyx Software Corporation, SaskTel, Sharp Electronics Corporation, Sun Microsystems, Inc., The Taylor Group, Telecomputing, UUNET, Verio, Inc. and Wyse Technology. As a founding member, JAWS Technologies holds a seat on the ASP Industry Consortium Board of Directors.

As a founding partner of the ASP Industry Consortium, JAWS Technologies involvement encompasses a series of initiatives that will result in the provision of information security solutions for the advocacy group and its members. The company is committed to implementing information security solutions for protecting server farms, applications and data in the ASP environment. JAWS Technologies will look to provide a security certification program (ASP Security Methodology) for ASPs which involves audit and implementation of solutions that will assist the industry in delivering secure hosted application services to end-users. JAWS' thin client encryption tools will also be made available to corporate clients using ASP services under a special licensing arrangement through the ASP Industry Consortium. JAWS will also work closely with member ASPs to incorporate its security tools into current ASP offerings to drive the adoption of this industry's technology.

"The two critical factors determining confidence by end-users will be ASP stability and security for information assets. The world class players supporting the industry have the track record in stability. Security will be an area requiring utmost attention. JAWS and its security alliance partners wholly endorse the ASP Industry Consortium and the belief that the ASP industry will flourish," states Gayle Howard, Vice President Sales & Marketing, JAWS Technologies Inc. and ASP Industry Consortium Board Member. "JAWS looks forward to its involvement in this powerful initiative and its continued support of this evolutionary shift in computing -- both for business and personal users."

"A high level of confidence in our abilities, both products and services, is further endorsed by this incredible partnership with industry leaders," states Robert Kubbernus, CEO, JAWS Technologies Inc. "Our founding and leadership role in the ASP security market is expected to result in well over 10 million in sales for JAWS over the next 24 to 36 months."

The ASP segment is growing rapidly and is expected to be a $21 billion market in the next three to four years according to Forrester Research Inc. JAWS Technologies target is to ensure that 20 percent of application service providers are certified using the JAWS ASP Security Methodology.

About the ASP Industry Consortium

Founded in May of 1999, the Application Service Provider Industry Consortium is an advocacy group of companies formed to promote the application service provider industry by sponsoring research, fostering standards and articulating the measurable benefits of this evolving delivery model. Founding members of the ASP Industry Consortium include AT&T, AristaSoft Corporation, Boundless Technologies, Inc., Cisco Systems, Inc., Citrix Systems, Inc., Compaq Computer Corporation, Cylex Systems, Inc., Ernst & Young LLP, Exodus Communications, Inc, FutureLink Corporation, GTE, Great Plains Software, IBM Corporation, Interpath Communications, Inc., Marimba, Inc., Onyx Software Corporation, SaskTel, Sharp Electronics Corporation, Sun Microsystems, Inc., The Taylor Group, Telecomputing, UUNET, Verio, Inc. and Wyse Technology.

Information on the ASP Industry Consortium is available on the World Wide Web at www.aspindustry.org or by contacting consortium headquarters at: ASP Industry Consortium, Inc., 401 Edgewater Place, Suite 500, Wakefield, MA 01880; Tel: [phone].

About JAWS Technologies

JAWS Technologies, Inc. (OTC BB:JAWZ) is dedicated to the development and integration of information risk management strategies for secure business practices on a global scale. JAWS Technologies offers an extensive security consulting practice that addresses explicit business requirements. The JAWS IT Security Practice, performed by a team of high caliber security experts, encompasses a robust series of IT audit routines. JAWS Technologies is at the forefront of the security industry with uncompromised security technologies. The sophistication of proprietary security technology solutions coupled with leading edge packaged data encryption software products provides JAWS clients fast, strong and easy-to-use security management tools. For more information, visit the company's web site at http://www.jawstech.com. Forward all investment inquiries to [e-mail] or call 888/301-5297.

Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.

JAWS TECHNOLOGIES INC. 1013 17th Avenue SW / Calgary, Alberta T2T 0A7 Phone [phone] / Fax [phone]