NEW YORK, June 24, 2003 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR), a pioneering Internet surveillance technology solutions provider that last month won its first revenue-generating contract from a major defense contractor, made a presentation discussing the company's capabilities at the EQUITIES 52nd Anniversary Summer Conference in New York City, sponsored by Equities Magazine, on Thursday, June 19.
During the presentation, the company revealed publicly for the first time that in addition to its major defense contractor alliances, that it has met with officials of the Federal Bureau of Investigation (FBI), the Central Intelligence Agency (CIA), and the National Security Agency (NSA) in recent months to discuss its capabilities, and that it has turned over to these and other government agencies clandestine communications worldwide that the company's sophisticated software has intercepted.
Daniel Wasserman, Executive Vice President and Managing Director of AdZone's Global Defense Group, made the presentation. Chairman and CEO Charles A. Cardona III also attended the conference, and both he and Wasserman spoke with investors after the presentation. Those unable to attend or listen to the simulcast can still access it for the next 90 days at www.equitiesmagazine.com by clicking on the June 19 meeting icon, and then clicking on the AdZone presentation in the list of presenting companies. The presentation is available on both Real Player and Windows Media, and listeners can follow the slide presentation by clicking on the button below the frame showing the slides.
During the presentation, Wasserman indicated the company believes its initial contract represents the first of what it hopes may be other strategic agreements with this particular defense contractor. Additionally, he said management anticipates other defense companies at several levels.
In his introductory remarks, Equities Editor Robert Flaherty, said, "AdZone Research's promising technology has now been validated in its first contractual award from a major defense contractor."
AdZone currently has strategic working agreements with the Raytheon Company, The Boeing Co and the Sarnoff Corporation, all focused on developing technology that discovers and tracks clandestine communications by terrorist or other outlaw groups across the Internet. Their combined expertise is expected to produce advanced tools for uncovering and decoding hidden messages and other content embedded in the pixels of innocent-looking Web pages.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.