May 2, 2001 - Important milestone achieved as CrossOff launches registry system.
(HALIFAX, NS) CrossOff (TSE:OFF), creator of a next generation authentication and registration system, announced today the official launch of their system. The registry, which has been live as a prototype for three months, and is now a fully functional, Internet accessible, database registry system designed to protect businesses and consumers from fraudulent reproduction of valuables.
With reports of fraudulent activity on the rise, the launch of CrossOff's secure registry system is timely. According to the International Chamber of Commerce, the value of the worldwide counterfeit market was an astounding $360 Billion USD in 2000. And this figure is estimated to increase by 6% in 2001 to 385 Billion USD. CrossOff remains focused on attracting industry partners who share a concern with the production and sale of fraudulent merchandise.
"This is a significant milestone for our team", said Donnie Snow, CEO of CrossOff Incorporated. "Our goal as a team was to launch the system in Q2 2001 and we have accomplished that."
"Our development team have been working tirelessly to create and launch the first release of the system, said Michael Barnaby, President of the CrossOff Registry Division. "We are extremely confident that our system will provide our partners' with a highly secure Internet accessible registry service to consumers."
The CrossOff Registry Software is accessible online at www.crossoff.com to consumers who purchase CrossOff Certified items. Coincident with the launch, CrossOff has also revamped its website, adding additional content and a new look.
About the Registry Software
The CrossOff Registry Software is a Web-based Microsoft Windows DNA 2000 application. It utilizes Windows 2000 Server, Internet Information Services (IIS), Active Server Pages (ASP), COM+ Components and Microsoft SQL Server 2000. The website leverages the power of XML to create a generic online registry which will provide a comprehensive technical foundation for future business growth.
About CrossOff
CrossOff Incorporated is a Canadian based high tech company and is traded on the Toronto Stock Exchange as OFF. CrossOff is a diversified technology company with operating units focused in the areas of registry & database management services, technology training, software development & consulting, and property management. More information is available on the company's website at www.crossoff.com.
For further information, please contact:
Heather Smith-Dacey
Marketing Director
(902) 496 6421
media@crossoff.com
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