APRIL 1, 1998
LOS ANGELES, April
01 /PRNewswire/ -- Meganet Corporation, the company that
challenged Microsoft (NASDAQ: MSFT), Intel (NASDAQ: INTC), Dell
(NASDAQ: DELL), AT&T (NYSE: T), NCR (NYSE: NCR) and many
other high tech companies with their unbreakable encryption, is
shipping VME98 nationwide. As of today, April 1st, 1998, anyone
in the continental United States of America can buy VME98
directly from the Meganet web site at www.meganet.com.
Prices for the standard edition are only $100 for a fully
After 12 months of
Research & Development, Meganet Corporation completed last
month 21 different commercial versions of VME98, and the product
is sold nationwide through the World Wide Web.
Matrix Encryption is the strongest encryption available today,
the product is available ONLY in the United States of America.
For the time being, there are no sales in any other countries,
though Meganet Corporation is considering applying for an export
Corporation also keeps on working on standardizing VME with the
different standards committees.
Corporation is also launching its third cracking challenge -
$1.2 MILLION DOLLARS. Starting today, and for the next 12
months, Meganet Corporation will post a monthly $100,000
challenge for registered users of VME98. The new challenge
demonstrates Meganet Corporation's absolute confidence that
VME98 is completely unbreakable.
A year ago on this
date the first ONE MILLION DOLLAR challenge brought Meganet
Corporation nationwide awareness. Over 55,000 participants
accepted the challenge over a 45 day period. Nobody succeeded in
breaking the file encrypted with Virtual Matrix Encryption.
Today also marks
the end of the second challenge, which lasted over 6 months,
where Meganet Corporation challenged the top 250 corporations in
the US to test and break VME97. Again, none have succeeded. The
challenge solution will be posted on the Meganet website at www.meganet.com
Corporation has a US patent pending for VME. The technology uses
a new field of encryption and a new algorithm to encrypt data
that is completely different from any existing methods. VME is
the only algorithm that neither encrypts the data nor
transfers it. By comparing the data to a randomly generated
Virtual Matrix, a system of pointers is created, pointers which
are meaningless outside the context of the matrix to which they
belong. The result is then repeatedly encrypted through a
huge variety of algorithms. Even in the unlikely event of
the algorithms being compromised, the set of pointers is
completely unrelated to the original data, and there is no way
to derive the original data out of the pointers set.
Virtual Matrix encryption paired with a 1 Million Bit Symmetric
Key creates the world's first and only unbreakable encryption.