First Escrow & Title Company to Provide Electronic Signature in Dubai
Redwood Shores, CA and Dubai, UAE, December 17, 2009 – Communication
Intelligence Corporation (“CIC”) (OTC BB: CICI), a leading supplier of electronic
signature solutions for business process automation in the financial industry* and
the recognized leader** in biometric signature verification and enTrust
& Title Ltd. (“enTrust”), the first escrow & title conveyance services
company in Dubai, announced today that they have entered into a strategic partnership
to integrate CIC’s electronic signature verification software with the enTrust
& Title Enterprise (enTTE) System and provide that solution as Software as a Service
(SaaS) and jointly promote each other’s product offerings.
Under the terms of the agreement, CIC is providing its industry proven electronic
signature technology to perform biometric verification of handwritten signatures
on enTrust’s enTTE system, an enterprise system SaaS platform to eliminate
misrepresentation and provide additional layers of security for title and escrow
transactions. The combined offering will be available and support multiple hosts
in multiple countries enabling real-time verification of biometric signatures and
the binding of signatures to the documents with enTrust & Title documents.
“We chose CIC because of its established leadership position in the industry,
strong, successive track record and expertise in biometric and electronic signature
solutions,” stated Aziz Valliani, Founder, Chairman & CEO for enTrust.
“Incorporating CIC’s eSignature technology into our product offerings provides an
effective, secure, simple and convenient method of facilitating the enormous and
sometimes daunting task of buying or selling and renting real estate and other investment
opportunities in this region.”
In response to the challenges of the real estate market, enTrust’s solution
offers protection to the buyer, seller, landlord and tenants. The issues of legal
ownership, authority to enter into contract, registration of deed, misrepresentation,
financial disclosures, and non-availability of documents in time for a resale, are
resolved when using the enTrust’s Escrow Services.
“Our partnership with enTrust, pioneering the first escrow services
company in Dubai, delivers a winning combination of safety, speed and simplicity
and creates an unrivalled functionally rich system mitigating financial risks to
the buyer, tenant and/or the lender,” state CIC’s Chairman & CEO, Guido DiGregorio.
“We are confident that this combined offering will significantly improve the transfer
of property in the region for foreign investors as well as UAE citizens. Further,
we believe our technology and this partnership with enTrust positions CIC
for a leadership role in the evolving Middle East real estate market for legally
binding and secure land and real estate transactions.”
enTrust and Title is the first Escrow & Title Conveyance Services Company
in Dubai, UAE. It is licensed and recognized by RERA and the Dubai Land Department.
enTrust & Title group of companies provides state-of-the-art technology
tools and services for Brokers, Agents, Developers, Attorneys and Financial Institutions
to provide simple and expeditious settlement services. The Company retains a team
of highly skilled professionals from USA who have over 100 years of cumulative experience
in handling complex real estate, commercial, business and personal property transactions.
Operating out of Dubai Internet City, its parent Company has developed technologies
to make the transaction process cost effective and improve the quality of service
with increased transparency to enhance client confidence and at the same time reduce
operational overhead. For more information please visit our website at
Communication Intelligence Corporation (“CIC”) is a leading supplier of electronic
signature solutions for business process automation in the Financial Industry and
the recognized leader in biometric signature verification. CIC’s products enable
companies to achieve truly paperless work flow in their eBusiness processes by enabling
them with “The Power to Sign Online®” with multiple signature technologies across
virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AGLA, Allstate, American Family, Charles Schwab, Prudential,
Snap-on Credit, Travelers, Wachovia, Wells Fargo and WFG (World Financial Group)
chose CIC’s products to meet their needs. CIC has deployments with over 400 channel
partners and enterprises worldwide representing hundreds of thousands of users,
with over 500 million electronic signatures captured, eliminating the need for over
a billion pieces of paper. CIC sells directly to enterprises and through system
integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores,
California and has a joint venture, CICC, in Nanjing, China. For more information,
please visit our website at http://www.cic.com
*In December 2008, CIC was named to Forrester Research’s
“Hot Banking Tech Companies
To Watch in 2009” Report.
**In October 2007, CIC was awarded the
2007 Global Frost & Sullivan Award for
Market Leadership in the dynamic signature verification market.
Forward Looking Statement
Certain statements contained in this press release, including without limitation,
statements containing the words “believes”, “anticipates”, “hopes”, “intends”, “expects”,
and other words of similar import, constitute “forward looking” statements within
the meaning of the Private Litigation Reform Act of 1995. Such statements involve
known and unknown risks, uncertainties and other factors which may cause actual
events to differ materially from expectations. Such factors include the following
(1) technological, engineering, quality control or other circumstances which could
delay the sale or shipment of products containing the Company’s technology; (2)
economic, business, market and competitive conditions in the software industry and
technological innovations which could affect the Company’s business; (3) the Company’s
inability to protect its trade secrets or other proprietary rights, operate without
infringing upon the proprietary rights of others or prevent others from infringing
on the proprietary rights of the Company; and (4) general economic and business
conditions and the availability of sufficient financing.
CIC and the Power to Sign Online are registered trademarks. All other trademarks
and registered trademarks are the property of their respective holders.
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