BOCA RATON, Fla., Aug. 17, 2005 (PRIMEZONE) -- VSUS Technologies, Incorporated (OTCBB:VSUS) announces a new, massive awareness program for its integrated ProPTC solutions.
ProPTC is designed to reduce operating costs associated with Sarbanes-Oxley compliance. Non-compliance penalties can be severe both in terms of dollars and management time. Forrester estimates that more than half of enterprises will adopt a technology-based approach to SOX by 2006. This emerging market, estimated by Gartner, Inc. to reach more than $6 billion by 2006, will grow rapidly in 2005.
In the initial three week ProPTC launch phase, VSUS signed up six companies without any marketing efforts. Steven Goldberg, CFO of VSUS Technologies, Incorporated, said, "Our initial sign-up success resulted from a quick recognition of ProPTC's benefits."
New marketing campaign
The new marketing campaign for ProPTC is multi-pronged, utilizing direct mail, email and outgoing phone contacts.
"Our initial, primary market is 10,000 public companies," continued Mr. Goldberg. "Secondary targets include security attorneys, accounts who audit statements, and investor relations firms."
VSUS will be offer four different levels of ProPTC, and customers will have the option to upgrade. ProPTC products to meet the diverse demands of publicly traded companies. ProPTC Lite, ProPTC Express, and ProPTC Enterprise join ProPTC Platinum to round out the company's product lineup. All four products provide publicly traded companies with everything they need to meet compliancy requirements for such acts and regulations as Sarbanes-Oxley (SOX) and HIPPA.
"Legislated demand" -- Sarbanes-Oxley compliance is costly
According to an article in Accountancy Age, "Companies are not putting enough capital aside to address the costs of compliance with section 404 of the Sarbanes-Oxley Act. The research by Financial Executives International showed that compliance costs are over 60% higher than the estimates that were made just six months earlier. The average cost for a company in the survey rose from $1.93M in January to $3.14M in July, 2004." The Sarbanes-Oxley Act was passed in 2002.
ProPTC
ProPTC offers businesses 15 product features and is a cost-effective solution designed to help companies better manage compliance across their network infrastructure, while operating all of their day-to-day functions on one operating platform. Complete accounting software, DTC reports, NOBO reports, EDGAR submission and history, press release submission and history (Internal and most newswires), secure and encrypted email for the company, faxing, SMS, company IM (secure and encrypted), a company profile on MyOneScreen, stockholder information, proxy services, Web hosting and IT, secured storage to keep records SOX compliant, and two VOIP phone lines with equipment (unlimited additional lines available) are among the included ProPTC features.
To learn more go to http://www.proptc.com.
About VSUS Technologies, Incorporated
VSUS Technologies, Incorporated develops and markets highly secure communications systems for use over the Internet by both businesses and consumers. With expertise in secure online information exchange, VSUS Technologies focuses on developing products for both individuals and businesses that need to communicate in privacy, and in a secure environment. http://www.vsus.com
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