SEDONA Corporation Delivers Next Technology Milestone to ACEncrypt Solutions, LLC; Milestone Generates Services Revenue For SEDONA.KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa. -- SEDONA(R) Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SDNA SDNA South Dakota Newspaper Association ) (www.sedonacorp.com), a leading provider of vertical, web-based Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) solutions for small and mid-size financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organizations today announced that it completed and delivered during the second quarter of 2004 another technology milestone under the terms of its license agreement with ACEncrypt Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . ACEncrypt purchased a perpetual, non-exclusive license of Intarsia intarsia (ĭntär`sēə) or tarsia, properly a form of wood inlaying. The term is sometimes applied to inlays of other materials such as ivory and metal. (R), SEDONA's vertical CRM solution, in the third quarter of 2003. ACEncrypt and SEDONA are working together to develop CRM solutions specifically tailored to the health insurance market. In the second quarter of 2004, SEDONA completed and delivered, and ACEncrypt accepted, an Alpha release See alpha version. of the life and health insurance version of Intarsia. This milestone generated three hundred thousand dollars ($300,000.00) in services revenue for SEDONA. The ACEncrypt technology license agreement provides for additional service revenues to be paid to SEDONA upon delivery of defined technology milestones during 2004. Victoria V. Looney, the President of ACEncrypt commented, "We believe there is significant untapped opportunity for highly secure CRM solutions in small and mid-size enterprises (SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. ), particularly in key vertical and micro-vertical markets, such as health insurance. Our collaborative relationship with SEDONA and our ongoing partnership with Vadium Technology, Inc., the developers of the newest generation of innovative security solutions for digital communications, will enable us to develop a customized SME CRM solution for the health insurance market with the most robust encryption technology available." About ACEncrypt Solutions, LLC ACEncrypt Solutions, LLC (www.acencrypt.com), located in Tysons Corner, VA, is a privately-held technology solutions marketing firm providing expert security and CRM solution software, hardware applications, consulting services and support to Corporate and Government approved buyers. ACEncrypt Solutions represents and leverages best of breed digital applications to provide robust solutions that assure the vital balance of security and privacy in tandem with end user ease of use to satisfy the information assurance needs of its customers. ACEncrypt's entree' into the Insurance and Healthcare CRM Markets yields powerful synergies in addressing data integrity and security while leveraging SEDONA's core Intarsia CRM engine. About SEDONA Corporation SEDONA(R) Corporation (OTCBB: SDNA) is a leading technology and services provider that delivers vertical, web-based Customer Relationship Management (CRM) solutions specifically designed and priced for community and regional banks, credit unions and insurance companies. Utilizing SEDONA's CRM software and complementary services, SEDONA's clients effectively identify, acquire, foster, and retain loyal, profitable customers. Leading financial services solution providers such as Fiserv, Inc., Open Solutions Inc., COCC, Sanchez Computer Associates, Inc., EastPoint Technologies, Pinkerton Consulting, and AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Technologies leverage SEDONA's CRM technology to offer best-in-market CRM to their own clients and prospects. SEDONA Corporation is an Advanced Level Business Partner of 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) (R) Corporation. For additional information, visit the SEDONA web site at www.sedonacorp.com or call 1-800-815-3307. Forward Looking Statements: Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes" "anticipates" "plans" or "expects" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. SEDONA(R) is a registered trademark and Intarsia(R) is a registered trademark of SEDONA Corporation. All other trade names are the property of their respective owners. This press release and prior releases are available on the SEDONA Corporation web site at www.sedonacorp.com. |
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