LONDON and NEW YORK, Oct. 12, 2004 (PRIMEZONE) -- MailKey Corporation (OTCBB:MAKY) today announces that it has appointed New York-based Palladian Advisors to assist with the Company's fund-raising requirements and to provide additional support to the group's growth strategy.
Tim Dean-Smith, CEO of MailKey, said, "The Palladian team have a wealth of deal experience, and a good track record on both fundraising and Mergers & Acquisitions. Palladian will initially be focused on assisting MailKey with its capital needs and identifying and reviewing suitable acquisition targets in the US."
Jon Gordon, co-founder of Palladian, said, "MailKey's management is working aggressively to address the rapidly growing market for messaging and network security and we are delighted to be able to assist them in the strategic development of the company."
About MailKey Corporation
MailKey is a messaging security and management company. It is developing its Message Manager and Envoy technology platforms to enable scaleable filtration, control and management of messages through a central management point. For more information, visit www.mailkey.com. MailKey's consumer email messaging protection service is available at www.emailkey.com.
About Palladian Advisors
Palladian Advisors offers a full range of corporate finance and mergers and acquisition advisory services to small and medium sized companies. Palladian Advisors has relationships with many leading venture capital funds, finance agencies, legal and accounting firms, and other investment banks. Palladian's principals have a unique combination of experience including over 15 years of investment banking and 20 years of senior executive corporate management.
Mr Gordon's background includes investment banking and private equity advisory work in roles such as mergers and acquisitions, raising capital and recapitalizations with both large and middle market companies. He was employed at Furman Selz, Credit Suisse First Boston, and most recently Lehman Brothers.
Carl Glaeser, Managing Director of Palladian, has 20+ years of management experience including most recently as President and CEO of Bowne Global Solutions, a subsidiary of Bowne & Company (NYSE:BNE) and Vice President and General Manager of AGCS, a subsidiary of Lucent (NYSE:LU). In their respective roles, Palladian's Managing Directors have completed over $10 billion of merger & acquisition transactions and $5 billion in financing, including public, private, debt and equity.
For more information on Palladian Advisors see www.palladianadvisors.com.
Safe Harbor Statement
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of the Company, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. There can be no assurance that the above step will result in commercial service launch of MailKey products on the Orange network.
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