SAFEWWW FORMS JOINT MARKETING VENTURE WITH CHINESE COMPANY
UNIONDALE, N.Y.
Safewww Inc., a provider of identity protection and authentication solutions for business and personal Internet transactions, announces its intentions to enter into a joint venture agreement with China-based Zhuhai Victory Idea Co. Ltd., to market its IDshield (TM) authentication products in China.
Internet use in China has grown more than 175 percent in the past year, to 22.5 million users. As E-commerce grows and affects more people, the need for security solutions that can protect online businesses and consumers from fraud also increases. Safewww’s authentication technology has passed the three technical tests defined by Chinese authorities as necessary for IDshield to be certified and marketed in China.
“We are gratified that IDshield has withstood the rigorous testing,” says Kenneth Bob, CEO of Safewww. “Additionally, Victory Idea already has a well-trained staff in place, which is a testament to its commitment to hit the ground running as we work toward finalizing the joint venture and reaching out to potential customers in this growing Chinese market.”
Dr. Liu Jin Hai, president of Victory Idea and an investor in Safewww, adds, “IDshield is the most user-friendly, secure authentication system that we have seen.”
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