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GSA AWARDS MEGANET A CONTRACT TO PROVIDE ITS SECURE LINE OF PRODUCTS TO GOVERNMENT AGENCIES

Encino, CA, Monday, November 25, 2003 — Meganet Corporation, a pioneer data security software solutions developer, has announced today that it has been awarded a Federal Government General Services Administration (GSA) Schedule contract number GS-35F-0115P.

The GSA's Federal Supply Schedules are contracts that allow federal employees to purchase services and products directly from commercial suppliers at pre-negotiated rates. GSA Contracting Officers award Schedule contracts to companies that meet strict criteria for quality and competitive pricing. This eliminates the cumbersome and lengthy bidding process for awarding government contracts and assures quality and consistency among government vendors.

"We have been working and selling to the Government for the past few years" says Saul Backal, Chairman & CEO of Meganet Corporation . "Data security has been in particular importance to many areas of the Federal Government. This vehicle will allow government agencies facing data security challenges a smooth solution."

Meganet solutions have recently been awarded NIST’s FIPS certification. An internationally recognized standard.

About Meganet

Protecting data, communications, and assets. Meganet Corporation is a client-focused data and communications security company committed to the continual development of revolutionary technologies and innovative information security solutions. Meganet has developed a revolutionary symmetric encryption algorithm coined as Virtual Matrix Encryption (VME). The power of VME results from a unique data mapping technology that creates exceptionally random cipher text and from its ability to use up to a million-bit key. Meganet aims at propelling VME to be the industry's standard for encryption. Established in 1997, Meganet is a privately held California corporation headquartered in Los Angeles, Calif., with offices in New York and Oregon. (URL: http://www.meganet.com)

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The VME Crypto Engine working in a windows enviroment are certified to FIPS 140-2 giving you the data security you need. FIPS 140-2 CERTIFICATE # 505 Click to Verify

For Federal Government & State Buyers, place your orders on GSA Advantage! Meganet 's GSA Contract Number is GS-35F-0115P. Click to Verify

Find the ultimate security solutions that provide the protection you demand in our web store. Place your order now !
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Meganet Corporation is a registered NSA ARC Vendor. Click to Verify

CCR Contractor Number: 012187956 Cage /Ncage Code: 1WMF3 Click to Verify

Virtual Matrix Encryption is USA patent # 6,219,421. Click to Verify
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