Dr. Taher Elgamal Joins PRTI's Board of Advisors; Former Chief Scientist of Netscape

Business Wire, Sept 14, 2000

Business Editors/Technology Writers

NEW YORK--(BUSINESS WIRE)--Sept. 14, 2000

Phoenix Resources Technologies, Inc. (OTCBB:PRTI) (FSE:PHU), today announced that effective immediately, Dr. Taher Elgamal has joined the Company's Board of Advisors.

Dr. Elgamal is CEO and Chairman of Securify. Securify is the leading security services provider (SSP) for companies conducting business transactions over the Internet, private intranets, or extranets. Prior to his current position, Dr. Elgamal was the Chief Scientist at Netscape Communications Corporation (NYSE:AOL), where he pioneered Internet security technologies such as SSL, the standard for web security. Prior to Netscape, he was the Director of Engineering at RSA Data Security from where he produced the RSA cryptographic toolkits, the industry standards for developers of security enabled applications and systems.

Dr. Elgamal's expansive career in cryptography and security has resulted in numerous and substantial contributions to the security industry such as the development of a number of Internet payment schemes, participation in the "SET" credit card payment protocol, the pioneering of the original public key cryptography technology later adopted by NIST as the DSS digital signature standard.

Dr. Elgamal received his PhD from Stanford University.

"Dr. Elgamal is a distinguished leader in the information security industry, and somewhat of a legend in the Silicon Valley for his work with Jim Clark and Netscape," stated Ron Wilkins, PRTI's CEO. "As web application servers support more and more B2B, B2C and other types of mission critical applications, security has become an extremely important issue. Dr. Elgamal's advice and support will ensure PRTI's products will exceed the markets' expectations in security."

"I am delighted to be joining PRTI's Board of Advisors," said Dr. Elgamal. "The company has proven management, and a solution which addresses a new and unserved market segment within the explosive web application server market. PRTI's market entry positioning is excellent."

PRTI plans on being a leading provider of Internet application server solutions that optimize our customers' valuable resources with the most comprehensive interoperability, and the easiest to use development environment in the industry.

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Certain information included in this communication contains statements that are forward-looking. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.