| [February 08, 2005] |
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Manakoa KnowledgeBase Professional Association Early Adopter Program Announced
KENNEWICK, Wash. --(Business Wire)-- Feb. 8, 2005 -- Manakoa Services Corporation, (OTCBB: MKOS), a pioneer in enterprise risk management and regulatory compliance, is launching an early adopter program through major professional associations. The Manakoa KnowledgeBase(TM) is the premier compliance research engine for professional practitioners and corporations involved with GLBA, HIPAA, FISMA, Sarbanes Oxley and other emerging U.S. and international regulations. The Manakoa KnowledgeBase(TM) Internet based subscription service goes will be available February 28.
The Company is initially focusing on healthcare and financial business sectors for the early adoption program. Associations engaged in the early adoption promotion for the Manakoa KnowledgeBase(TM) include:
-- American Bankers Association
-- Health Care Compliance Association
-- Internal Auditors Association
The Manakoa KnowledgeBase(TM), is a powerful and easy to navigate research engine for regulatory compliance information, full legislative reviews, examiner guidelines, roadmaps, policy templates, security feeds, along with extensive cross references. Features include:
-- Specific Legislation - Details on GLBA, Sarbanes Oxley, HIPAA, and FISMA. Regional and international regulations
-- Standards - Generally accepted practices and principles used to interpret each act
-- Guidance - Description and analysis of roles compliance and security topics
-- Policy Sets - Comprehensive sets of suggested policies for compliance
-- Prescriptive Guidance - Roadmaps based upon agency audit guidelines
-- Forms - Template forms for use in the compliance audit process
-- Vulnerability Management - Discussion and guidance on dealing with commonly encountered vulnerabilities
-- Audit Information - Data used by government auditors to assess a business
-- Workflow - Suggestions on how to manage the compliance-related workflow
-- Legal Information - Updates and links to key legal/compliance information
"We have discovered that professional associations are an excellent vehicle to reach individuals involved with regulatory compliance issues, while enabling them to become aware of the facilities available in the Manakoa KnowledgeBase(TM) research engine," said Edward Nichols, Manakoa's Senior Vice President for Business Development. "The Manakoa KnowledgeBase(TM) places rich and unique content at the fingertips of association members. By participating in our early adaptor program, an organization will benefit from being on the cutting edge of compliance related services."
The Company indicated that it anticipates increasing the number of association involved with the early adopter program and long-term join knowledge support.
About Manakoa Services, Inc.
Manakoa (www.Manakoa.com) is an independent software vendor and professional services company addressing the multi-billion dollar IT security, IT compliance, and regulatory compliance marketplace for enterprise customers. Manakoa's security and compliance solutions suite offers advanced automation software on pre-configured, scalable platforms designed to control business and IT policies, implement and enforce mandated compliance initiatives, and provide dynamic views for monitoring and administration based on the role and permissions of user and department. This groundbreaking software platform transforms high-cost security and compliance consulting engagements into automated, consistent, and cost-effective technology. Manakoa's software platform can greatly reduce consulting hours and time-to-compliance through sustainable, repeatable technology. Manakoa's flagship products are being previewed by Fortune 500 companies due to its unique approach of providing a pre-configured platform, with templates, department by department, for analyzing compliance with United States regulations such as the Gramm Leach Bliley Act, Sarbanes Oxley, the USA Patriot Act, and HIPPA. Manakoa's full product suite, which will include Manakoa Compliance WorkCenter(TM) and Manakoa Compliance Command and Control Center(TM), provides a scalable, cost-effective, total compliance solution, which can be easily be utilized in concert with a company's existing IT. With this announcement the Company is launching the Manakoa KnowledgeBase(TM), an on-line research portal service, to release during the first quarter of 2005. Finally, the Company recently announced a joint licensing and development agreement with Battelle Corporation and the Pacific Northwest National Laboratory (PNNL) to commercialize the first Cyber Attack Simulation Trainer. Trademarks are the property of Manakoa Services Corporation.
Under the Private Securities Litigation Reform Act-with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the Company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. The Company does not assume, and expressly disclaims, any obligation to update these forward-looking statements.
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