TORONTO, Sept. 15, 2003 (PRIMEZONE) -- Witnet International, Inc. (OTCBB:WTNT) announced that Witnet and KSIGN have developed a WCMS (Web Contents Management System) powered by KSIGN Security Technologies.
WTNT and KSIGN agreed to add security modules with KSIGN's PKI technologies and products to WTNT's XML-based WCMS solution.
KSIGN has over 15 million subscribers using its PKI (Public Key Infrastructure) solutions and leads the industry in Korea. Revenues in 2002 were $4.7 million from its PKI business in Korea alone. With this co-work on the WCMS, WTNT expects to empower their solutions with enhanced data and content security. It will help WTNT launch the new version of X-Stan, a more reliable system, as well as its existing powerful XML functions.
WTNT and KSIGN will also co-market the product according to previous agreements on co-sales. As the need for the security of contents and data is rapidly increasing, both companies look forward to enlarging their market shares.
With the agreement, WTNT provides its XML-based WCMS X-Stan, and KSIGN will provide its network security solutions, KSignSWAT, KSignESCORT, KSignPassOne and KCASE2002. Doing so, both companies will launch one of the best WCMS in the market.
X-Stan's weak security is expected to be backed up by KCASE2002 APIs, which will provide security that is correspondent with international standards of processes and protocols (RFC2459, 2410 and PKCS).
About KSIGN
KSIGN's Web site is http://www.ksign.com. KSIGN's PKI solutions issue digital certificates to authenticate people with digital signatures using public key cryptography algorithms that replace paper signed documents by digital forms.
KSIGN's PKI solutions, which were developed under fundamental PKI (Public Key Infrastructure), can be used to provide the following features to e-commerce applications in a wireless environment:
-- Issuance of certificates -- Registration of users -- Time stamps -- Real-time certificate verification -- Entrust key -- Recover key
About Witnet
Witnet International, Inc. is a software development company with offices in Seoul, South Korea, and Toronto. Business partners include HP Japan and South Korea, LG Telecom and other major technology companies.
More information about Witnet and its products can be found at the Company's Web site, http://www.witnet21.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any forward-looking statements.