Former CBS Chief Looks to Fulfill the Promise of E-Commerce With Introduction of Electronic Originals™BALTIMORE, Md., June 21, 1999–eOriginal Inc. named Michael H. Jordan, former
CBS Chairman and CEO, as Chairman of its Board today. Jordan joins the company with the expressed goal of clearing the final barrier to electronic commerce–eliminating the need for hard copy original
documents and blue-ink signatures. eOriginal Inc.'s patented process makes it possible to complete business transactions over the Internet by creating unique and secure Electronic Originals
™.
"We are talking about influencing every type of commercial transaction that requires a signed contract–from buying a car to financing your home to signing a multinational service
contract. Right now you can't fully complete the transaction electronically," says Douglas H. Trotter,eOriginal Inc.'s CEO and co-inventor of the patented process. "From Mike's proven
experience at Westinghouse and CBS, it is clear he possesses a keen understanding of what it takes to effect change on a massive scale. What he brings to the company is the ability to set in motion this sort
of change on a global scale. He is a tremendous addition to our team and will play an active, leadership role in moving the company forward.
"eOriginal Inc. will shake things up a bit,
but it is the only way to fully reap the benefits of e-commerce. We finally have the opportunity to completely overhaul and modernize conventional business transactions," says Mr. Jordan.
"We have been theorizing about the benefits of e-commerce for decades, but until now we have only managed to address 80 percent of the process. The Electronic Original™ is the final part of
the e-commerce equation–the path to a 100 percent solution."
eOriginal Inc. has a patented process to enable electronic creation, transmission, storage and retrieval of protected
Electronic Original™ documents. Through the integration of public key cryptography and other critical technologies, the company guarantees the authenticity of Electronic Original™
documents (any digital object), the identity of the signatories and the integrity of the content.
Selected leading financial institutions are currently testing theeOriginal™ process
with completion targeted for late summer. In addition to the financial services industry, the company is targeting vertical markets traditionally burdened by paper-intensive, time-consuming transactions,
such as government and health care.
eOriginal Inc., formerly Document Authentication Systems Inc., was founded in 1996 by executive vice president, Stephen F. Bisbee, co-inventor of the
patented process. The company is headquartered in the Warehouse at Camden Yards in Baltimore, Maryland, with offices in Danbury, Connecticut, and Dallas, Texas. For more information, visit the new eOriginal
Inc. website at
