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Exhibit 99.1
PRESS RELEASE - 4/10/00
COMPANY CONTACT:
Michael Amideo, Envision Development Corporation, 508-481-8303,
[email protected]
MEDIA CONTACTS:
David Politis, Politis Communications, 801-523-3730, 801-556-8184 (mobile),
[email protected]
Jason Olsen, Politis Communications, 801-523-3730, [email protected]
BROKER CONTACT:
Leonardo Zangani, L.G. Zangani, 908-788-9660, [email protected]
FOR IMMEDIATE RELEASE
ENVISION DEVELOPMENT CORPORATION COMPLETES
ACQUISITION OF QVTECH, INC.
MARLBOROUGH, Mass. and COLORADO SPRINGS, Colo. -- April 11 -- Envision
Development Corporation (Amex: EDV) today announced the completion of the
acquisition of controlling ownership of Qvtech, Inc. in a stock exchange
transaction.
Qvtech is the leading developer of applications to provide security and policy
management for email across a wide range of platforms. The company's
Interosa(TM) software product, winner of the Best of Show Award for emerging
technology at last week's Electronic Messaging Association (EMA) conference,
features specific and variable date expiration, non-forwarding,
non-edit/cut/paste, and other policy management options for secure email.
"Matching Qvtech's breakthrough technology with Envision's management,
marketing, and financial strengths is the perfect strategic step for our
company," stated Qvtech President, Geoff Mulligan. "And," he added, "This is the
perfect time."
"The high-quality people of Qvtech and the market-leading technology they have
developed are an excellent fit for Envision," said Bill Patch, president of
Envision Development Corporation. "Interosa sets a very high new standard for
email security, and it now becomes a backbone product in our family of
transactive technologies."
Qvtech is dedicated to providing secure, highly scalable email protection
software for businesses. Its flagship product, Interosa, allows email users to
transparently add significant security and business-policy protection to their
business conversations.
Envision Development Corporation is a rapidly growing leader in providing
web-centric transactive technologies through breakthrough applications
development and end-to-end ebusiness solutions.
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This press release contains forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. Such risks and uncertainties are
described in the company's filings with the SEC, including its Registration
Statement on Form S-1.
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