Secured Services Posts Strong Start to 2005 with $5 Million in New Business during the First Quarter.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 -- Customers Demanding Integrated Enterprise Identity Management Solutions that Encompass All Users and Applications Secured Services Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : SSVC SSVC Services Sound & Vision Corporation SSVC Selective Service ) the Company, a leader in identity and access management security software and services, today announced significant growth in customer and market momentum during the first quarter of 2005. In the first three months of 2005, the Company has been selected to provide over $5 million in new business. The projects, originating from five customers in the 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. , entertainment, and telecommunications industries will be delivered over the remaining nine months of the year. As the year began, enterprises continued to be bombarded by new and complex security challenges. Identity protection, compliance issues related to HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, and Sarbanes Oxley, internal and external intrusions and wireless threats were paramount in the news, forcing businesses to respond. However, such a mix of urgent operational and security challenges makes it impractical im·prac·ti·cal adj. 1. Unwise to implement or maintain in practice: Refloating the sunken ship proved impractical because of the great expense. 2. and costly for enterprises to take the piecemeal piecemeal patchy, e.g. necrosis of the liver in which groups of hepatocytes are separated by small groups of inflammatory cells and fine, fibrous septa following extension of the inflammatory process beyond the limiting plate. , one-product-at-a-time integration approach they have typically been forced to take with old-line vendors. This has spurred increased demand for highly integrated and easy-to-deploy security solutions built upon a comprehensive identity infrastructure; translating into market traction for Identiprise. The hallmarks of Identiprise(TM) are its Span, Speed and Scale - three attributes that enable rapid deployment of a complete identity management solution, governing and auditing all user access to all enterprise applications. "We made significant investments in 2004 to build our sales and marketing capabilities and position Identiprise as the most integrated and complete platform for administration, access control, and audit of digital identities," said King Moore, 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 Secured Services. "At the start of 2005, there is every indication that the stage is now set for Secured Services to experience rapid growth." Identiprise is the cornerstone of the Company's Secured User Management strategy. Secured User Management is about identity-centric control of enterprise IT security, operations, and regulatory compliance. It starts with a single, digital identity for each user, to enable audited and enterprise-wide access to all applications, from all devices, within any network. The result is user-centric, secure transactions within a trusted environment, achieved through infrastructure solutions that deploy rapidly and without disruption. In support of this Secured User Management vision, the Company announced in January 2005 the intent to acquire Chameleon chameleon (kəmē`lēən, –mēl`yən), small- to medium-sized lizard of the family Chamaeleonidae. About eighty species are found in sub-Saharan Africa, with a few in S Asia. Technologies and Allegent Technology Group. Coupled with its strategic partnership with Sona Mobile, Secured Services is positioned to satisfy the mission critical security needs of large government entities and commercial enterprises. This has fueled the Company's fast 2005 start. About Secured Services: Secured Services is the first single-vendor provider of Secured User Management software and services for the enterprise. Thanks to its Span, Speed, and Scale architecture, Identiprise delivers a comprehensive and easy to install solution for embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup. 2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if identity, access and audit management infrastructure within complex IT environments. Complemented by services from its Advanced User Security Group, Secured Services enables organizations to protect critical applications, improve the user experience, and reduce operational costs and risks. For more information about Secured Services, please visit: www.secured-services.com, or contact Kelley Joyce, Horn Group (212) 931-5204, kjoyce@horngroup.com or Bill Arnold, Crosslink Financial Communications (415) 924-9900. Forward-Looking Statement 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. 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," "expects," and similar words, is 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. Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations. |
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