Tumbleweed Chosen By Salomon Smith Barney
Tumbleweed IME provides a secure communications channel
REDWOOD CITY, CA - August 1, 2000 - Tumbleweed® Communications Corp. (Nasdaq:TMWD), a leading provider of advanced email solutions for business communications today announced that Salomon Smith Barney's Corporate Client Group has selected Tumbleweed Integrated Messaging Exchange™ (IME™) as its platform for secure online messaging.
Tumbleweed IME is a platform and set of applications for creating secure communications channels between a business and its customers, partners, and suppliers.
"Salomon Smith Barney provides award-winning online employee stock option, stock purchase and 401(k) plan solutions to over 1500 corporate clients today. Security is a top priority," said David B. Schrohe, the Director of Interactive Marketing for Salomon Smith Barney's Corporate Client Group. "Based on our research, Tumbleweed IME is an excellent platform that is flexible enough to satisfy a wide variety of our current and future secure communication needs."
"Salomon Smith Barney's strategies for secure online communication will have a significant impact on their ability to maintain strong relationships with existing and new customers and partners," said Jeffrey C. Smith, president and CEO, Tumbleweed Communications Corp. "We're delighted that Tumbleweed IME will form the secure communications channel through which Salomon s Corporate Client Group will offer a variety of innovative products and services."
About Salomon Smith Barney
Salomon Smith Barney's Corporate Client Group offers technologically advanced benefits packages for large and small, private and public corporations. We administer a comprehensive selection of employee benefit programs including stock plans, retirement plans, and non-qualified deferred compensation plans, in addition to other corporate services including support for officers and directors and cash management. All of the benefit programs are available online through Benefit ACCESSSM, an award-winning suite of integrated Internet applications that allows employees to manage their financial benefits on one user-friendly web site. The Corporate Client Group provides online services to over 600,000 employees at over 1,500 companies including Microsoft, Cisco Systems, Motorola and Lucent Technologies. Additional information can be found at www.corporateclientgroup.com.
Salomon Smith Barney is part of Citigroup's Global Corporate and Investment Bank, which brings together Citibank, the world's most global corporate bank, and Salomon Smith Barney, a leading global investment bank and securities brokerage firm. Together they provide complete financial solutions to corporations, governments, institutions and individuals in 100 countries. Award-winning businesses include corporate and investment banking services, investment advice, financial planning and commercial insurance products. Salomon Smith Barney's 11,700 Financial Consultants, located in approximately 492 offices across the United States, service over 7.1 million client accounts representing more than $1 trillion in client assets.
Citigroup (NYSE:C), the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit (now named CitiFinancial), and Primerica under Citigroup's trademark red umbrella. Additional information may be found at: www.Citigroup.com.
About Tumbleweed Communications Corp.
Tumbleweed is a leading provider of solutions for managing secure communication and collaboration to enable the business Internet. Tumbleweed's robust policy-based framework empowers organizations to safely share and protect critical information, increase customer loyalty and privacy and dramatically reduce costs. Tumbleweed is trusted by 1,000 blue-chip customers including American Express, Chevron, Datek Online, the European Union's Joint Research Council, First Union Wachovia, John Deere, Merrill Lynch, Nike, Northern Trust, NTT, Salomon Smith Barney, Travelers and US Food and Drug Administration. One hundred of the Fortune 500 are Tumbleweed customers. Tumbleweed Communications was founded in 1993 and is headquartered in Redwood City, Calif., with offices around the world.
Except for the historical information contained herein, the matters discussed in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected, particularly with respect to the security features of Tumbleweed's products and the activities of any third party. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. For further cautions about the risks of investing in Tumbleweed, we refer you to the documents Tumbleweed files from time to time with the Securities and Exchange Commission, particularly Tumbleweed's Form 10-K filed March 30, 2001 and Form 10-Q filed November 13, 2001. Tumbleweed assumes no obligation to update information contained in this press release.
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