LONDON and NEW YORK, Oct. 22, 2004 (PRIMEZONE) -- MailKey Corporation (OTCBB:MAKY) today announces that it has discontinued its acquisition of MilsonGray.
Tim Dean-Smith, CEO of MailKey said "Having reviewed the business of MilsonGray extensively, the Sale & Purchase Agreement with MilsonGray has now been terminated, without penalty to either party. MailKey is continuing to develop its core business, and is also pursuing other potential opportunities, with the assistance of the recently-appointed New York based investment bank Paladian Advisors."
About MailKey Corporation
MailKey is a messaging security and management company. It is developing its Message Manager technology platform to enable scaleable filtration, control and management of messages through a central management point. For more information, visit www.mailkey.com. It's consumer messaging protection service is available at www.emailkey.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.