IG2, Inc. Files Patent Application
24 February 2000
Fidelity Holdings' IG2, Inc. Subsidiary Files Patent Application for its Network Active Intelligence Control System
NEW YORK--Feb. 24, 2000--and Limit "Denial of Service" Issues
Fidelity Holdings, Inc. announced that its IG2, Inc. ("IG2") subsidiary has filed patent applications for its Network Active Intelligence Control System ("NAICS(TM)") -- a system designed to provide a suite of security, service and policy management capabilities, which is expected to enable IG2 to securely deliver the industry's highest quality and broadest range of value-added services.
The system's framework is also intended to prevent the damages wrought by "Denial of Service" attacks. "Denial of Service" attacks are attempts to deliberately crash a system or make the system or network unusable. Recently, these attacks debilitated popular e-commerce sites including yahoo.com and eBay.com, and raise significant concern about the security and growth potential of the Internet. Through comprehensive monitoring and automatic responsiveness, NAICS(TM) technology is projected to detect and remedy the danger these attacks can bring, without dependency on human intervention. NAICS(TM), when operational, is expected to provide an immediate and effective solution.
"We proudly laud Ms. Peacock as the NAICS(TM) inventor, together with the IG2 team, for this remarkable triumph," said Doron Cohen, Chairman of IG2, Inc. and Chief Executive Officer of Fidelity Holdings, Inc. "Presently, Internet Protocol traffic moves inefficiently, sending the data signals at random. This system, once operational, is expected to permit automatic routing of Internet Protocol traffic that sidesteps the problem and allows new services, faster connections and better quality multimedia. Now that Fidelity Holdings has evaluated and internally confirmed the validity and potential for its technology division, and with the added value of the development of a strong management team, it is our strong belief that this Company can fulfill its projected milestones."
Kimberly Peacock, CEO of IG2, Inc. and chief architect of the NAICS(TM) framework, stated: "The NAICS(TM) architecture stands as a cornerstone to the deployment of IG2's planned next-generation multi-service national network. From a coherent external structure, it enables IG2 to dynamically provision, monitor and control essential value-added services to its customers. The NAICS(TM) architecture is designed to meet the challenges inherent in deploying real time, quality sensitive transmissions such as voice and video and is expected to enable the seamless integration of a wide-range of future applications."
The IG2(TM) network is designed to provide a bundled package to residential and small business customers of high-speed Internet access, local and long distance telephone service, television programming, television quality video conferencing and e-Commerce capabilities, all through existing telephone wires already installed in the customer's home. Contributing to the IG2 platform are a series of consumer electronic manufacturers, software developers and companies seeking additional exposure utilizing e-Commerce.
Fidelity Holdings is a diversified holding company that utilizes information and technology to target industries experiencing consolidation and/or deregulation. The Company operates two divisions -- Automotive and Technology. The Automotive Division operates through Major Automotive Group, a leading consolidator of automotive dealerships in the New York Metropolitan Area. The Technology Division operates primarily through Computer Business Sciences, its IG2, Inc. subsidiary, its Info Systems, Inc. subsidiary and its CarsTV.com, Inc. subsidiary.
For additional information, visit our websites at www.fdhg.com and www.ig2.com.
The information contained in this press release, including any "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's Annual Report on Form 10-KSB and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.