Authentidate International AG Awarded German Internet Prize 2004
SCHENECTADY, N.Y. & DUESSELDORF, Germany,
Nov 16, 2004
Authentidate Holding Corp. (Nasdaq:ADAT) announced today that its subsidiary, Authentidate International, AG has been awarded the German Internet Prize 2004 in Category A, "Integrated Value Chains".
The award was part of the recent annual congress of INITI@TIVE D21, an initiative which is jointly supported by industry and the federal government. Federal Chancellor Gerhard Schroeder presented the awards which included a $60,000 cash prize. The prize is awarded by the Federal Ministry of Economics and Labour (BMWA) together with sponsors from industry, and is specifically aimed at small and medium-sized companies. It honors innovative and successful Internet solutions to optimize business processes, encourage customer satisfaction, increase sales and achieve cost advantages. A total of 508 companies took part in this year's competition.
Jan C. Wendenburg, President & CEO, Authentidate International AG stated "We are very proud to receive one of the most prominent awards of the German IT industry and government. This prize is a substantial and major acknowledgement for Authentidate's offering, strategy and market position from independent professionals and analysts. It illustrates today's vast potential for signature based business process solutions and it sends also a clear signal to medium and large corporations everywhere, that digital signature technology starts to play a crucial role throughout any enterprises - regardless of industry, type of organization and legal system."
"It is a great honor for Authentidate to have been recognized with this award," stated John Botti, Authentidate's Chairman. "Everyone, specifically our team in Germany, has worked hard to build the Authentidate solution to help corporations become more efficient and it is always wonderful to have people not only recognize your work, but compliment it."
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 Authentidate International AG
Authentidate International AG (www.Authentidate.de), Dusseldorf, Germany is the first accredited certification provider, certified by the German Regulatory Authority for Telecommunications and Posts (RegTP), specializing in qualified timestamps compliant with the strict regulations of the new German signature law and the European signature guidelines.
Authentidate specializes in business process solutions based on electronic signatures and timestamps. These solutions feature easy integration, high economic efficiency, platform independence and protection of investment.
Nationally and internationally well-known companies in various industries utilize Authentidate signature solutions to achieve legal security in the areas of eBilling, archiving, scanning and workflow. In addition, Authentidate's signature technology is already integrated in products of other manufacturers; therefore legal security for business processes is automatically available for many companies.
Authentidate is present in Europe, the USA and also through partners in Asia. Authentidate Holding Corp, Inc. has its headquarters in the USA (New York) and is listed on the NASDAQ stock exchange (ADAT) and in Germany (WKN 893715).
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.
SOURCE: Authentidate Holding Corp.
