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  1. tokyo

    11,039 Posts.
    Trading at heavy discount to cash backing and will turn to profitability next year.........investors will kick themselves in 6mths for not buying SNX IMO........

    To provide e-security services for Aust Customs CMR project 11:12 22/7/2002 No.3192545

    SECURENET LIMITED Last trade $0.680 at 11:21 22/7/2002


    HOMEX - Melbourne


    e-security provider SecureNet Limited (ASX: SNX) today announced that
    it has been selected by Australian Customs to provide the public key
    infrastructure (PKI) and services required for its new online
    import/export system. The transaction will generate revenue in excess
    of $2.0 million for SecureNet.

    Called the Cargo Management Re-engineering project (CMR), the new
    online import/export system for Customs will modernise the handling
    of products coming in and out of Australia and is aimed to conform to
    new government legislation to be introduced in 2004.

    SecureNet was initially involved in the project to provide perimeter
    e-security solutions such as firewalls, gateways and virus
    protection. Through its acquisition of the Australian and New Zealand
    operations of Baltimore Technologies, SecureNet will now also provide
    the infrastructure security using Baltimore's PKI technology. Customs
    will use the PKI for the CMR to provide a framework to generate,
    store and manage digital certificates and signatures as well as the
    associated PKI policies and procedures for cryptography.

    "SecureNet is providing a significant proportion of Customs'
    e-security needs, reflecting its broad range of perimeter,
    infrastructure and application solutions. This breadth of solutions
    reflects the successful acquisition and integration of Baltimore
    Technologies earlier this year, with a number of other major
    contracts imminent as SecureNet consolidates its market leader
    position," said Geoffrey Ross, Managing Director of SecureNet.

    Media Inquiries

    Rebecca Munro
    02 8514 7454
    0408 003 301

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