SignOnline, inc., founded in April 1999, is a business-to-business (b2b) application service provider (ASP) which empowers businesses to execute digital contracts and documents online. The company is positioned to be a leading provider of secure transactions on the internet. As such, SignOnline is well positioned to take advantage of the movement toward online digital transactions expected in the wake of recently enacted legislation signed by President Clinton on June 30, 2000. This Electronic Signatures in Global and National Commerce Act establishes a nationwide uniform standard for engaging in electronic commerce. The legislation generally becomes effective on October 1, 2000. The benefits of this legislation are far-reaching, offering consenting parties the ability to substantially eliminate offline transactions that previously required "wet ink" signatures. Financial services providers now will be able to deliver a wide range of products and services (e.g., mortgages, insurance, securities) to consumers electronically. For example, a consumer could apply for a mortgage to buy a new home with an online lender and elect to conduct the transaction electronically, including receiving federal and state disclosures online. After receiving approval through an automated underwriting system, the borrower and the lender could conduct an electronic closing with both the note and mortgage created as an electronic record under the procedures set forth in S. 761. This ability to perform a totally electronic transaction should produce enormous cost savings and increased efficiencies in the delivery of financial services for consumers and businesses alike. SignOnline, recognizing that the internet is increasingly becoming a first-choice medium of conducting business today, offers technology which will change the way e-business is conducted on line. Its total fulfillment solution may be widely in use in mainstream e-commerce within a year. SignOnline's document management solution enables companies to do what electronic commerce always promised, which is to complete every step of even the most complex transactions in a seamless, efficient, and, most importantly, enforceable way. From verifying identity to applying signatures, to storing and retrieving unalterable documents, SignOnline enables companies to turn transactions into contracts and customers into relationships.