| Click here for archived news available from Corporate News on the Net |
| Click here for AXMG stock quote | Click here for AXMG historical charting |
BW0138 DEC 28,2001 7:00 PACIFIC 10:00 EASTERN
( BW)(CA-AXESS-MEDIA-GROUP)(AXMG)(THCH) nVAULT Opens Health Deposit Box; AXESS MEDIA Offers Bank-style Security for On-line Medical Records
Business Editors
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 28, 2001--The AXESS MEDIA Group, Ltd. (OTC:AXMG), a publicly traded Internet production and multimedia company, is pleased to announce the remarkably innovative Health Vault by nVAULT; for secure access and management of on-line medical records by patients and doctors around the world.
The news follows AXESS MEDIA's December 4th announcement about its proprietary nVAULT (www.nvault.biz), a revolutionary new Internet service for on-line protection and distribution of art, film, music content and other intellectual property worldwide.
Privacy and security concerns have continually plagued the health industry when it comes to the on-line dissemination of medical information. The nVAULT/Health Vault product not only addresses this problem, but may have even more significance in light of recent U.S. health privacy legislation. Congress recognized the importance of protecting people's medical records when it passed the Health Insurance Portability and Accountability Act of 1996. HIPAA requires the Secretary of the U.S. Department of Health and Human Services to issue regulations to enact comprehensive privacy legislation, and HHS issued just such a landmark federal health privacy regulation in December 2000. Health care entities have until April 2003 to implement the new rule.
Under this first-ever federal privacy regulation, consumers now have the right to inspect and copy their own personal health information (a right which currently exists only in about half of the states). Consumers must also receive notices about how their personal health information will be used and shared with others, as well as options they have to restrict its disclosure. nVAULT's Health Vault offers regulatory compliance by: a) giving consumers easy-to-use tools to upload and store any or all of their health information and medical records in their own highly secure private vault; and b) giving consumers the power from anywhere, at anytime, to completely manage and control how their medical records or health information is accessed, disclosed and shared by doctors, hospitals, insurance companies, or other places of the vault owner's choosing.
eHEALTH has been touted as the future of health care, promising to transform the way health care entities conduct business and change the way patients relate to their health care providers. More than sixty-five million American Internet users have sought health and medical information online, and a November, 2000 study by the Pew Internet & American Life Project reported that a significant number of them use this information to make important decisions about medical care for themselves and loved ones. Health searches now exceed even music hits on Internet web sites by teenagers in America.
However, a November, 2001 study by Georgetown University's Institute for Health Care Research and Policy (www.healthprivacy.org), "Exposed Online: Why the new federal health privacy regulation doesn't offer much protection to Internet Users," reports the new legislation does not apply to most health Web sites: "Our analysis of the HIPAA regulation's impact on eHealth shows that many who engage in online health activities will fall outside the scope of the regulation. We believe the application of the regulation to the Internet will be greatly uneven. Individuals may assume that their health information is protected when it is not. Continued diligence will be required of those online consumers who value their privacy. Consumers will need to be educated about the limits of the new regulation and empowered to safeguard their most sensitive health information online." AXESS MEDIA reportedly believes nVAULT answers the call.
About nVault
nVAULT (http://www.nvault.biz/) has suddenly emerged as an entertainment pioneer and market leader in the secure protection and distribution of intellectual property over the Internet. With its emphasis on empowering artists for the digital download of their original works from a secure electronic vault, and offering "artists-on-demand" (AOD) to the everyday consumer, nVAULT opens new e-commerce and community building opportunities for producers and consumers of art, film and music on a worldwide basis. nVAULT is the exclusive property of AXESS CREATIVE PROPERTIES, LLC, a Nevada corporation, sponsored by AXESS Insurance Corporation, and a member of The AXESS MEDIA Group, Ltd., in partnership with EnterVault, Inc.
About EnterVault
EnterVault, Inc., formed in July 2000, is a provider of trusted Internet services that support the security, delivery, storage and access of electronic files and documents for the benefit of an individual electronic vault owner. PrivateVault, EnterVault's first online service, was originally designed to meet the unique confidentiality needs of financial and professional service providers, such as banks, healthcare providers, credit unions, lawyers, CPAs, securities firms, and financial advisors, as well as government contractors and third party suppliers. EnterVault (http://www.entervault.com/), a Utah corporation, is a wholly-owned subsidiary of Zions Bank, an affiliate of Zions Bancorporation; the 36th largest bank in the U.S., with over 400 full-service banking offices in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah and Washington.
About AXESS MEDIA
San Francisco and Las Vegas-based AXESS MEDIA Group (OTC:AXMG) is a publicly traded Internet content producer, comprised of a diverse array of business-to-business, business-to-government, business-to-consumer, and consumer-to-consumer value-added web applications; all integrated into an independent on-line production network, known as the AXESS NETWORK.
AXESS MEDIA (http://www.axmg.com/) currently sports over 20 proprietary Internet content portals, as well as owning a domain estate with over 250 potential brands and products; ranging from on-line education, electronic voting, entertainment, charitable giving, and healthcare, to biotechnology, insurance, e-vault security, Internet radio, music, art, film, on-line television production, travel, and children's programming; all targeted at personal or professional empowerment within large global vertical markets; and integrating specific tools or core competencies into all of AXMG's web-based portals.
More announcements on nVAULT are expected before year-end. A corporate profile of the AXESS MEDIA Group and its public announcements can be obtained on an on-going basis at http://www.businesswire.com/ under "Company News Archives." Information may also be obtained on the web at http://www.axmg.com/, via email at info@axmg.com or by toll-free phone at: 866/GO-AXESS.
Safe Harbor Statement: Included in this press release are Axess Media Group, Ltd. forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct.
--30--cla/se*
CONTACT: AXESS MEDIA Group, Ltd.
Mr. Michael Grandon, 866/G0-AXESS
axessmedia@usa.com
or
nVAULT
Mr. Alec Grandon, 866/GO-AXESS
info@axesscreativeproperties.com
or
INVESTING 4 PROFIT
Mr. Gregory Hawkins, 813/792-1126
Investing4Profit@aol.com
KEYWORD: CALIFORNIA NEVADA UTAH
INDUSTRY KEYWORD: E-COMMERCE INTERNET NETWORKING
SOURCE: AXESS MEDIA Group, Ltd.
