ST. GEORGE, Utah, Aug. 11, 2005 (PRIMEZONE) -- CyberKey(r) Corporation (Pink Sheets:CYKC) announces the formation of its SecureKey(tm) Division dedicated to marketing CyberKey's technologies to the Government sector. The SecureKey(tm) Division will focus its efforts on promoting CyberKey's proprietary security applications and technologies within all levels of government, both domestic and international.
Governments, as large providers of services, employment and information, operate some of the largest networks and IT applications in their regions. Government IT systems have long been subject to unauthorized access attempts and user misrepresentation. Military, health, financial and other sensitive records require increasingly sophisticated measures to deter network intruders. User misrepresentation, when used to collect government checks or receive government paid services such as healthcare, result in millions of dollars in lost sums each year.
CyberKey's unique design flexibility provides for multiple user authorization options. Incorporating CyberKey technology within a system's access procedures allows a system developer to choose from a range of security access and user identification hurdles. Security options can range from a simple password to a fingerprint verification combined with a password and the need for physical possession of the CyberKey. By forcing a user to physically have the CyberKey in his/her possession to access a service, identity theft can be significantly reduced. The possession of personal information alone will not be sufficient to gain system access.
"Government system designers and program administrators are constantly challenged to maintain system integrity and security. Government systems are especially vulnerable, as they tend to be high profile systems offering tremendous fraud and confidential information-rich targets. CyberKey was designed with these systems in mind. SecureKey(tm) will be CyberKey's vehicle for marketing to the Government sector in the U.S. and across the globe."
Jim Plant, CEO, CyberKey Corp.
The SecureKey(tm) Division has initiated discussions with a large Federal Government agency. The company recently began committing advertising and promotional dollars towards this potentially significant business relationship.
ABOUT CYBERKEY:
CyberKey Corporation, based in St. George, Utah, partners with industry leading manufacturers and distributors to deliver secure USB drive based solutions to vertical markets and content owners, service providers and resellers. CyberKey solutions solve real world issues in the entertainment, education, government, military, automotive, financial services and medical industries. CyberKey technologies allow users to securely transfer large amounts of data, files and applications software from one electronic device to another while employing a patent pending USB based Digital Rights Management process. CyberKey's solutions create new opportunities for existing industries and applications.
For more information, please visit CyberKey's website at www.cyberkeycorp.com or contact Matt Maguire at 1-866-THE-APPL(E).
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.