CustomTracks and National Discount Brokers Announce ZixMail(TM) Agreement; Discount Broker to use CustomTracks' ZixMail(TM) for Confirmations
DALLAS and NEW YORK, Sept. 13 /PRNewswire/ -- CustomTracks Corporation (Nasdaq: CUST) and National Discount Brokers announced today that they have entered into an early-adopter agreement for the use of ZixMail(TM), CustomTracks' new secure Internet-messaging system, which is based on ZixIt(TM) Digital Signature and encryption technology.
In connection with the agreement, the companies will develop applications that enable NDB customers to receive new account numbers, transaction notifications, and legal confirmations via encrypted ZixMail messages. The arrangement also allows NDB to be an early adopter for corporate ZixMail usage.
"CustomTracks' unique and powerful implementation of encryption technology will enable NDB to send encrypted and digitally signed confirmations, notifications, and other messages to our customers," said Dennis Marino, president and chief executive officer of NDB.com. "Secure Internet communications are critical to our company. Our relationship with CustomTracks is another demonstration of NDB's commitment to being the resource for the resourceful investor."
David P. Cook, chairman and chief executive officer of CustomTracks, commented, "National Discount Brokers has established itself as a leader in Internet trading by using the latest technology. We are very excited to have NDB using ZixMail to communicate securely with its customers."
Headquartered in Jersey City, New Jersey, National Discount Brokers Group, Inc. (NYSE: NDB) is the parent company of two financial services entities: National Discount Brokers/NDB.com and Sherwood Securities. National Discount Brokers at May 31, 1999, had 159,000 customer accounts, with assets of $7.4 billion. Sherwood Securities' main operations are as a market maker in approximately 3,900 Nasdaq and other OTC securities. The Company has offices in Jersey City, New York, Los Angeles, Chicago, San Francisco, Denver and Boston. Customers can access National Discount Brokers at http://www.ndb.com via the PowerBroker automated touch-tone telephone system (800-631-8884) or by calling 800-4-1-PRICE.
CustomTracks Corporation is the developer and owner of the ZixIt(TM) Digital Signature and encryption technology. Products currently under development include: ZixMail(TM), a secure Internet-messaging system; and ZixCharge(TM), an Internet transaction authorization system. The company plans to change its name to ZixIt Corporation, pending shareholder approval at the annual meeting, to be held September 14, 1999, in Dallas. For further investor information about CustomTracks, visit the company's Web site at www.customtracks.com or contact investor relations at 972-702-7057.
SOURCE CustomTracks Corporation