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LAST MINUTE RUSH TO MEET EMAIL & IM REGULATORY GUIDELINES REFLECTED IN GROWTH OF LIVEOFFICE'S ADVISORMAIL
October 6, 2004
TORRANCE, Calif., October 6, 2004 - LiveOffice (www.liveoffice.com), the developer of the AdvisorMail (www.advisormail.net)
product line1, today confirmed that financial services organizations are racing to ensure strict compliance with NASD and SEC regulations
for email and instant message (IM) communications. This finding is supported by the record high number of AdvisorMail deployments in
August and September, coupled with this month's installation schedule, and indicates that the rush to meet email and IM compliance
guidelines is not over.
"In the last couple of months, we have seen a steady increase in inquiries from financial services firms needing an easy-to-use and cost effective email and IM compliance solution to meet SEC and NASD guidelines," said Steve Uhring, vice president of sales and marketing for LiveOffice. "Many of these organizations have recently been through a regulatory audit or know someone who has, and they understand how serious regulatory bodies have become about maintaining accurate and tamper-proof email and IM records."
LiveOffice's Advisor Mail and Advisor Mail Lite are the leading choice for automated email/IM archiving and retrieval with features and benefits including:
AdvisorMail Produces Back-to-Back Growth Years
Over the last three years, AdvisorMail has quickly become the top choice for email and IM monitoring and archiving among organizations with remote field offices. As a result, the product is now in use at more than 250 financial institutions and 5,000 remote field offices nationwide.
LiveOffice's relationship with 25% of the nation's largest independent broker-dealers continues to contribute to the product's growth. In addition, the company expects to see accelerated growth of AdvisorMail through 2006 as email and IM compliance remain top of mind for financial services organizations.
Upcoming Events
LiveOffice will demonstrate AdvisorMail and AdvisorMail Lite at the upcoming SIA Small Firms Conference on October 7 at the Palace Hotel in San Francisco. The company will also be exhibiting at the NRS Fall Compliance and Risk Management Conference at the Ritz Carlton in New Orleans, LA, October 11 - 14 and the NASD Fall Securities Conference at the Westin Mission Hills Resort in Rancho Mirage, CA, October 13 - 15.
Special Pricing Extended
LiveOffice also announced today that it will extend AdvisorMail Lite's discounted setup cost of $1,500 through October 30, 2004. In addition, users of AdvisorMail and AdvisorMail Lite are eligible for a 45-day free trial of LiveOffice's IMConferencing, a compliance-friendly web, audio and video conferencing solution.
"In the last couple of months, we have seen a steady increase in inquiries from financial services firms needing an easy-to-use and cost effective email and IM compliance solution to meet SEC and NASD guidelines," said Steve Uhring, vice president of sales and marketing for LiveOffice. "Many of these organizations have recently been through a regulatory audit or know someone who has, and they understand how serious regulatory bodies have become about maintaining accurate and tamper-proof email and IM records."
LiveOffice's Advisor Mail and Advisor Mail Lite are the leading choice for automated email/IM archiving and retrieval with features and benefits including:
- Monitoring and archiving of all incoming and outgoing email and instant message communications
- Total fulfillment of SEC/NASD/NYSE requirements for email surveillance, archiving and retrieval
- Support for multiple email domains and configurations
- Built-in compliance lexicon of relevant words and phrases
- Integrated security and spam protection
- No capital investment in hardware, software or connectivity
AdvisorMail Produces Back-to-Back Growth Years
Over the last three years, AdvisorMail has quickly become the top choice for email and IM monitoring and archiving among organizations with remote field offices. As a result, the product is now in use at more than 250 financial institutions and 5,000 remote field offices nationwide.
LiveOffice's relationship with 25% of the nation's largest independent broker-dealers continues to contribute to the product's growth. In addition, the company expects to see accelerated growth of AdvisorMail through 2006 as email and IM compliance remain top of mind for financial services organizations.
Upcoming Events
LiveOffice will demonstrate AdvisorMail and AdvisorMail Lite at the upcoming SIA Small Firms Conference on October 7 at the Palace Hotel in San Francisco. The company will also be exhibiting at the NRS Fall Compliance and Risk Management Conference at the Ritz Carlton in New Orleans, LA, October 11 - 14 and the NASD Fall Securities Conference at the Westin Mission Hills Resort in Rancho Mirage, CA, October 13 - 15.
Special Pricing Extended
LiveOffice also announced today that it will extend AdvisorMail Lite's discounted setup cost of $1,500 through October 30, 2004. In addition, users of AdvisorMail and AdvisorMail Lite are eligible for a 45-day free trial of LiveOffice's IMConferencing, a compliance-friendly web, audio and video conferencing solution.
LiveOffice’s AdvisorMail provides industry-leading email archiving, instant message archiving, anti-spam, antivirus, compliance and eDiscovery solutions to
financial services firms of all sizes. These services ensure the integrity of emails and IMs, simplify the discovery process, and help companies protect
themselves against the risk and expense of lost or misplaced electronic messages. LiveOffice also helps organizations comply with statutory, regulatory
(SEC, NASD), legal and industry-specific mandates. Founded in 1998, the company serves a premier roster of clients including Fortune 500 companies, processes
and protects millions of messages each day, and has a customer retention rate of over 98%. For more information, contact 1.800.251.3863 or visit
www.advisormail.net.

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