Surety Launches AbsoluteProofSM for Financial Services

HERNDON, Virginia, January 29, 2004 – Surety, LLC, the leading provider of perpetual data integrity solutions, today announced the launch of AbsoluteProof for Financial ServicesSM, to support the demand for a time-stamping and digital notarization solution that secures the electronic records of companies in the financial services sector. The service is built around Surety’s flagship data integrity solution, AbsoluteProofSM, and is designed to provide mutual fund companies, securities firms and banking institutions with long-term electronic record authentication and compliance with proposed Securities and Exchange Commission (SEC) regulations aimed at eliminating record tampering and late trading abuses. The service provides irrefutable evidence of what electronic records were created, at exactly what point in time and that they have not been altered since.

“With investor confidence at stake, securities firms and banking institutions must take aggressive steps to ensure the integrity of their electronic records and put a stop to the conflicts of trust impacting the industry,” said Tom Klaff, CEO of Surety. “Our AbsoluteProof technology allows financial services companies to guarantee that their electronic records are authentic and legally verifiable, well into the future.”

Built on patented technology and secure hashing algorithms, Surety’s AbsoluteProof for Financial ServicesSM is the only independent, third-party, auditable, permanent, and tamper-evident time-stamping solution on the market today. Surety’s service digitally notarizes and time-stamps any electronic record, including trading ledgers, trial balances, spreadsheets and electronic correspondence between brokers and clients, such as email and instant messages. AbsoluteProofSM technology can be integrated into numerous third-party applications such as trading compliance platforms, document management systems and storage and archival solutions.

Mutual Fund Solution

AbsoluteProof for Financial ServicesSM is independent of any internal system controls within an organization, which allows third-party auditors, including the SEC, to conclusively prove that mutual fund transactions have occurred before the designated 4:00 p.m. Eastern Standard Time deadline.

This solution can be cost effectively deployed immediately, by third-party administrators, broker-dealers, 401-K providers, NSCC and mutual fund companies, which are required to prove transaction integrity and time at a scale and accuracy commensurate with the industry.

Posted: Thursday, January 29, 2004