Plus Solutions and SiVault Marketing Alliance.Business Editors ADDISON, Texas--(BUSINESS WIRE)--Aug. 22, 2000 Plus Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PLSO PLSO Professional Land Surveyors of Oregon PLSO Professional Land Surveyors of Ohio (Dublin, OH) PLSO Public Land Survey Office (Washington State Department of Natural Resources) ) (FRANKFURT: DS9, WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 936 219) a developer and facilitator of web-based interactive order management solutions and SiVault Inc., which provides the infrastructure for loading of applications to smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. via the Internet, today announced an agreement to form an alliance and team up in the marketing of each other's products. The smart card is expected to provide an excellent interface between the virtual world of the Internet and the "real" world of service providers. The smart card business is expected to grow exponentially into an $8 billion marketplace in the next 2-3 years with over 1 billion cards in use. SiVault has already secured partnerships with Fortune 100 companies. "This alliance has the potential to open new opportunities for Plus Solutions clients. SiVault has demonstrated that they have a solid technology backed by an innovative management team. We are extremely proud to have them join the Plus Solutions list of strategic and business partners," stated Max Golden, Chairman 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 Plus Solutions. Max Golden went on to say, "For clients who want to use smart technology, this will give Plus Solutions an already established infrastructure to draw upon. It will provide us with a tool to offer an e-purse solution to access company storerooms, as well as managing everything from card issuance, activation, replacement, and tracking. In the bigger picture think of Expressorder(TM) as the procurement solution that we now have expanded, with wireless application capabilities through our strategic relationship with Thinkersgroup.com, and now electronic payment capabilities with SiVault. We believe the more products and service options we can provide a client, the deeper our client relationships can become." "We believe the relationship with Plus Solutions will enhance our marketing opportunities and align us with an emerging company in the e-commerce application sector. Our other alliances with Hewlett Packard/Verifone and Genuity (formerly GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Internetworking) underscored the depth of resources we can bring to the table," according to Keith Manning, President and COO of SiVault, Inc. About SiVault SiVault is a privately held network based Service Bureau that was originally owned and developed by GTE. SiVault provides secure loading and dynamic management of applications to smart cards using intelligent devices, as well as secure access, authentication, and application hosting. SiVault works seamlessly with card issuers and application providers to create the infrastructure that allows businesses to focus on providing a proliferation of secure Internet enabled products and services to their customer. SiVault's trusted third party In cryptography, a trusted third party (TTP) is an entity which facilitates interactions between two parties who both trust the third party; they use this trust to secure their own interactions. TTPs are common in cryptographic protocols, for example, a certificate authority (CA). service bureau market approach brings a critical component to the smart card value chain. SiVault works in alliance with Genuity (formerly GTE Internetworking) and Hewlett Packard/Verifone. (http://www.sivault.com) About Plus Solutions Plus Solutions provides Internet based order management solutions under the brand name Expressorder(TM). Expressorder(TM) helps companies bridge and integrate the traditional bricks and mortar A store (shop, supermarket, department store, etc.) in the real world. Contrast with clicks and mortar. business models with innovative tools in the electronic B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business marketplace. This marketplace represents one of the largest business opportunities in the 21st century. Expressorder(TM) is built around a multi-vendor catalog that combines Internet functionality and electronic capability to accomplish delivery of a client's single order to one or more vendors. Expressorder(TM) is not industry specific and is scalable up to global applications. It is an application that is marketed as a turnkey solution that will work in any environment and only requires the user to have access to the Internet and a current browser. Plus Solutions recently has announced other co-marketing and technology partnerships with Thinkersgroup.com, a leader in wireless applications; MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. Internetworking for communication support and services; MBH MBH Mann Bradley Hughes (authors of paper on climate change) MBH Microscopic Black Hole MBH My Brain Hurts MBH Message Board Help MBH Mr. Technologies, Inc. for targeted marketing and sales opportunities; and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) for technology and research support, co-branding and co-marketing. In addition, the Company announced the formation of Plus Solutions AG in Frankfurt, Germany with Global Capital Management. Plus Solutions offers its clients the ability to reduce transaction and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. associated with repetitive orders, as well as improve productivity. On behalf of the Board of Directors, Max Golden, Chairman and CEO The matters discussed in this news release and, in particular, information regarding future revenue, earnings and business plans and goals, consist of forward-looking information under 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 and are subject to and involve risks and uncertainties which could cause actual results to differ materially from the forward-looking information, these risks and uncertainties include, but are not limited to the availability of additional working capital, additional technological developments, general dependence upon and/or loss of key suppliers or customers, customer demand, competitor competition including pricing and availability, concentrations of credit risk, technological difficulties, risk of international operations including exchange rate fluctuation and the regulatory and trade environment (both domestic and foreign). Investors should not put undue reliance on the forward-looking statements. |
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