CRYPTOCard Signs Contract With Dutch Distributor, Channel Concepts B.V.

May 3, 2007; 04:16 AM

Ottawa, Ontario and Almere, The Netherlands – CRYPTOCard (www.cryptocard.com), the leading authentication technology developer for heterogeneous environments, today announced a distribution partnership with leading Dutch value added distributor, Channel Concepts B.V.  This strategic partnership will enable Channel Concepts B.V. to distribute CRYPTOCard’s two-factor authentication solution in the Netherlands.

Developed to meet real-world requirements – where Linux and Mac workstations often live in a mixed Microsoft Windows domain, with Windows clients and Apache or IIS Web servers – CRYPTOCard’s event-based two-factor authentication tokens make it simple and cost effective to eliminate weak static passwords by generating a random password for every logon attempt.  As one-time passwords cannot be reused by hackers and do not need to be memorized by users, they eliminate the help-desk costs associated with resetting forgotten passwords, and the security risk resulting from writing them down.

“I have been in distribution of A-rated vendors for many years but the quality awareness of CRYPTOCard and the robustness of its products was still a very positive surprise,” said Bart van Rheenen, C.E.O., Channel Concepts B.V.  “I am very excited about this partnership as CRYPTOCard’s two-factor authentication will make it easy for Channel Concepts’ channel network to provide a simple-to-use, simple-to-manage, and cost-effective alternative to static passwords – the weakest component of any security solution,” van Rheenen continued.  “CRYPTOCard has proven its commitment to the channel by offering very generous margins, and Channel Concepts expects to generate significant growth in this prosperous market segment.”

“CRYPTOCard is proud that a well-respected security distributor like Channel Concepts has added CRYPTOCard’s authentication technology to its suite of best-of-breed security products,” said Neil Hollister, CEO, CRYPTOCard, Inc.  “Channel Concepts understands that the only way to guarantee system security is to positively identify each user, and that CRYPTOCard’s authentication technology will enable Dutch resellers to make this a simple and affordable process for Windows, Mac, and Linux users,” Hollister continued.  “CRYPTOCard has experienced a huge growth in demand for its technology worldwide over the last year, and this partnership will further increase its presence in Europe.”