OTTAWA, June 26, 2003 (PRIMEZONE) -- Validian Corporation (OTCBB:VLDI), an emerging provider of communication security technologies for networked environments, today announced the availability of its Secure Instant Messaging (SIM) implemented on USB flash memory cards. SIM on a USB flash memory is an ideal medium for the road warrior to keep in touch in full security. Users can plug their USB flash memory card into any computer linked to the Internet to have instant access to all their IM contacts and archived exchanges. The USB memory cards can hold files that are relevant and these files can be exchanged securely with other users through SIM. The end-user is authenticated by SIM by a user-selected identification or nickname and a password.
USB memory cards are an easy and efficient way to provide a 2- or 3-factor end-user authentication device and their value can be enhanced by incorporating a powerful and secure Instant Messaging system: the Validian's Secure Instant Messaging (SIM).
Validian's SIM system offers the highest level of security available for real-time communication and file exchange. SIM creates "gated communities" of trusted users. It offers a real-time system for collaboration between individuals and groups, including synchronous and asynchronous collaboration, enterprise-wide presence and messaging. Within SIM, all participants are authenticated and messages and files of any size and of any type, including video and audio files, can be transferred with full security. SIM operates over Validian's Application Security Infrastructure (ASI) and benefits from all the security features of the ASI infrastructure.
"SIM enables corporations, institutions and their employees to set-up interactive, distributed data exchange sessions with a degree of security and ease not otherwise available in the market today," said Dr. Andre Maisonneuve, president and chief executive officer of Validian. "Bilateral and multilateral exchanges can take place between any number of individuals and files of any size can be transferred in full security at the same time."
About ASI
Validian's ASI is a comprehensive integrated infrastructure for securing distributed applications and Web services. Based on open standards and a distributed architecture, ASI delivers a security level comparable to that of more expensive and complex PKI or VPN solutions, but with the ease of use, low cost and dynamic scalability of SSL. ASI is specifically designed for distributed applications and distributed networks. It automatically manages all critical security functions between any applications, including authentication, encryption, key generation, key distribution, addressing and data transport. ASI is completely network independent, supporting most major platforms, network architectures, transport protocols and development environments. ASI guarantees the delivery of the messages and files to, and only to, the target destination, without offering any possibility of being intercepted at any point during its transit.
About Validian Corporation
Validian Corporation has developed the Application Security Infrastructure (ASI) to secure exchanges between mutually authenticated application processes over the Internet. It has been designed specifically to facilitate deployment and use of distributed applications and distributed networks. This easy-to-use infrastructure enables organizations to rapidly develop and deploy secure, collaborative, distributed applications for sharing data over public or private networks. The company has offices in the U.S., Canada and Switzerland.
Investors should carefully consider the preceding information as well as information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward-looking statements," which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.