AuthentiDate and Canada Post Partner to create universal Electronic Postmark
AuthentiDate, Inc., a subsidiary of AuthentiDate Holding Corp. (NASDAQ: ADAT), and the technical provider of the United States Postal Service Electronic Postmark® (USPS EPM®), have agreed in principal to partner with Canada Post Corporation to create a universally accepted electronic postmark that will meet the standards of the Universal Postal Union (UPU). As the primary forum for cooperation between postal services around the world, the UPU sets the rules for international mail exchanges and makes recommendations to stimulate growth in mail volume and improve the quality of service for customers. AuthentiDate and Canada Post intend to form a partnership to fully develop the standards-based technology and contract with, Global EPM (GEPM), a newly formed business unit of AuthentiDate to market, sell and deploy an EPM service which can be implemented by postal organizations worldwide.
Working together, AuthentiDate and Canada Post will leverage their joint expertise and resources to create an electronic postmark that can be implemented within countries and for cross-border software applications. The EPM will enable companies and individuals to transact with integrity over the Internet by providing the same level of trust and legal authenticity to electronic content that is commonly associated with physical mail. As a Web-based service, the EPM will enable quick and convenient online verification of content authenticity, provide tamper detection and store evidence of electronic content.
"By teaming with AuthentiDate, Canada Post is excited to help postal services and businesses around the world utilize the best technology to better serve their customers. Canada Post's strong relationship with the postal organizations, our current strategic role in leading the development of the EPM standards, and our international sales ability, will help us work with AuthentiDate to launch a long-awaited service to posts worldwide," said Phil Lemay, EVP Business Development and Information Technology for Canada Post Corporation.
"We're proud to align our proven technology and expertise to create a viable EPM business model with Canada Post's knowledge of universal EPM standards and marketing capabilities. Together, our service will revolutionize how electronic documents are authenticated, protected and transported around the world," said John Botti, Chairman and CEO of AuthentiDate.
About AuthentiDate Holding Corp.
AuthentiDate Holding Corp. (AHC) is the holding company of five business units: DocStar, AuthentiDate International AG, AuthentiDate, Inc., DJS Marketing Group/Computer Professionals International and Trac Medical Solutions, Inc. DocStar sells proprietary document imaging software that includes the AuthentiDate technology. AuthentiDate and AuthentiDate AG provide the authentication of digital data through its proprietary and patent pending technology. AuthentiDate intends to establish itself as the authority on "content security" as it is a growing sector of the electronic network security infrastructure market. DJS delivers professional services centered around technology systems integration projects, staff augmentation, out-tasking, outsourcing services and resells computer related products. Trac Medical offers an electronic form processing solution and utilizes the AuthentiDate technology to prove the authenticity of the content represented in completed healthcare forms.
About Canada Post Corporation
Canada Post delivers 37 million pieces of mail each day to more than 31 million Canadians located at almost 14 million addresses and over 1 million Canadian businesses from coast to coast. Its more than 55,000 people and 7,000 postal outlets – the largest retail network in Canada – are a trusted presence in communities across the country, as they have been for more than 150 years. In 2003, Canada Post Corporation earned a net income of CDN$253 million on revenues of CDND6.3 billion. Canada Post International Limited, Purolator Courier Ltd., Progistix-Solutions Inc., Intelcom Courier Canada Inc., epost (jointly owned by Canada Post and TELUS Corp.) and Innovapost (jointly owned by Canada Post and CGI) are also part of The Canada Post Group. As a world leader in the provision of innovative physical and electronic delivery solutions, Canada Post creates value for its customers and new ways to communicate that are bold, innovative and effective. It connects Canadians from anywhere… to anyone. Canada Post is a proud supporter of literacy, its corporate cause of choice. Website: www.canadapost.ca.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of The Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
