COMPANY OVERVIEW

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.


Highlights

SignOnline is the only company providing a complete beginning-to-end signing and storage solution in the market today. Version 1.0 product and application development is complete, which includes digital signing application and SAFE storage solution. Version 2.0 product development is currently underway and includes expanded b2b offerings, enhanced XML offering and web services to interact with other data repositories.

SignOnline is the only signing and storage company invited to join the 20-member Electronic Financial Services Council (EFSC). Current members of EFSC include GE Capital, Intuit and Microsoft. SignOnline is endorsed by Jeremiah Buckley, EFSC Executive Director.

The office of John Chambers, Cisco Systems CEO, has indicated to SignOnline that he will showcase the company on his fall speaking engagement tour. Cisco identifies technologies that use the internet to improve productivity.

SignOnline has submitted a product description for review to the American Bar Association so that the ABA may endorse the SignOnline solution as meeting legal requirements of the Electronic Signatures and Global and National Commerce Act. Upon ABA endorsement, SignOnline will be among the first companies in the U.S. to earn this distinction.

SignOnline was featured as a technology provider at SIBOS, the premiere financial and expo event of the year, sponsored by Identrus. Identrus is a technology consortium of worldwide banks with expected membership of 300 Tier One banks by year-end 2001. SignOnline was one of 20 companies chosen from more than 1,000 technology applicants.

SignOnline has a patent application pending for a paperless transaction process.