TAMPA, Fla., Jan. 7, 2003 (PRIMEZONE) -- Global Assets & Services, Inc. (OTCBB:GAST), a technology transfer company that pursues cutting edge proprietary technologies and emerging opportunities both domestically and internationally, announces the signing of a licensing agreement with a subsidiary of Focus Systems Corporation of Japan for its chaos theory C4 encryption software, and teaming/collaboration agreements with GeoSystems. Inc., to market the security software.
In executing an element of our business strategy as a technology transfer company, Global has entered into teaming and collaboration agreements with GeoSystems, Inc. who will develop new applications for the C4 software to expand the market potential for this product, market existing and future products, as well as market and sell the C4 encryption software to both the commercial and government sectors. GeoSystems, Inc. has extensive expertise in information technology and encryption fields and a broad contact base with industry leaders and government agencies.
The cornerstone of GeoSystem's marketing strategy is the implementation of an Omnibus contract that will provide third parties the right to purchase and further market and sell the C4 encryption software to end users. Global believes that teaming with GeoSystems will produce the most immediate and efficient marketing results. "Our licensing agreement with Focus gives Global an entry to the encryption software market, and our teaming and collaboration agreements with GeoSystems further enhance our efforts," said Bertram Cutler, President, Global Assets & Services, Inc.
About C4 Encryption Security Software
"We think that the C4 product suite is the fastest, most secure and versatile encryption product available today," said Tim Jones, President and CEO, GeoSystems, Inc.
Focus System's C4 delivers high-speed chaos theory encryption protection. While the U.S is mainly utilizing 128-bit encryption schemes, the C4 suite offers users a selectable 8-bit to 65,536-bit encryption scheme. The C4 encryption suite also utilizes technology based on a chaotic signal, and a key of variable length allowing primary and secondary encryption at an average of 480 megabits per second, depending on hardware platform.
In addition to the speed, C4 makes use of JAVA compatibility which enables it to be utilized on multiple-platforms including: IBM mainframe, Windows 95 through XP, Unix, Linux, Windows CE and Palm operating systems. This open system approach and high speed translate to wide application in broadband networks.
This security software suite will provide the commercial cellular and Internet industries the ability to outfit end-users with a truly secure connectivity across the Internet and the airwaves. The scalability of encryption level will allow the C4 software suite to be a viable solution set for years to come throughout the entire information transmission and storage arena.
About Global Assets & Services
Global Assets & Services, Inc. (OTCBB:GAST) is a royalty-based technology transfer company that pursues cutting-edge proprietary technologies and emerging opportunities in the United States and internationally, with the goal of facilitating their marketing and development. For more information, visit Global's web site at http://www.globalaas.com/
About Focus
Focus Systems Corporation (www.focus-s.com) is an independent Japanese software company founded in 1977 and publicly listed on the Tokyo JASDAQ Market (Code number: 4662). Focus is a leader in commissioned software development, systems maintenance and management, and recently encryption and security software. Focus Systems Corporation has been heavily involved in the development of software for the telecommunications field. This involvement has led to research into information security issues and the recent development of encryption systems. For more information about Focus, visit Focus's web site at http://www.focus-s.com/
About GeoSystems
GeoSystems, Inc. is an Information Technology company that sells, installs and maintains telephone and data networking equipment as well as teaches certified Avaya and Cisco classes. GeoSystems is focusing their efforts on applications development for the U.S. arena, marketing and selling the C4 product line in addition to their existing products and services. GeoSystems has assembled an experienced management team that has extensive military backgrounds and expertise in both the Government and commercial information technology and telecommunications fields.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.