News Today:
Manakoa To Launch KnowledgeBase-TM-, Internet-Based Regulatory Compliance Tool
January 05, 2005 09:19:00 AM ET
Manakoa Services Corporation MKOS, a pioneer in risk management and regulatory compliance solutions, today revealed plans for the Feb. 2005 launch of the Manakoa KnowledgeBase(TM), a subscription based portal for regulatory compliance information, full legislative reviews, examiner guidelines, roadmaps, policy templates, security feeds, and extensive cross references. The web site will initially provide data for compliance with the Gramm Leach Bliley Act (GLBA), Health Insurance Portability Accountability Act (HIPAA), Federal Information Security Management Act (FISMA) and the Sarbanes Oxley Act, with support for other U.S. and international regulations being added on a regular basis.
The Manakoa KnowledgeBase(TM) is designed to assist all levels of corporate users to successfully follow regulations and meet required compliance steps. In addition to publications and case studies, updates on case law, opinions, and relevant legislative rulings, the site will also contain role-based guidance to help users navigate the complex regulatory compliance requirements specific to their job.
"With the Manakoa KnowledgeBase(TM) we have created a 'go-to' source for regulatory compliance information, sources, education and guidance for employees at all levels. This solution will help board members and compliance officers alike to better understand and manage compliance with on-going activities," states Manakoa CEO Dr. Robert Williams.
The Manakoa KnowledgeBase(TM) portalboasts the following features:
- Specific Legislation - Details on GLBA, Sarbanes Oxley, HIPAA, FISMA and USA Patriot Act
- Standards - Generally accepted practices and principles to interpret each act
- Guidance - Description and analysis of compliance and security topics
- Policy Sets - Comprehensive sets of suggested policies
- Compliance Calendar - List of dates for critical compliance events
- Forms - Forms used in the compliance audit process
- Vulnerability Management - Discussion/guidance on dealing with commonly encountered vulnerabilities
- Audit Information - Information used by government auditors to assess businesses
- Workflow - Suggestions on how to manage the compliance-related workflow
- Legal Information - Updates and links to key legal/compliance information
"Companies today need tools that allow them to stay on top of critical, yet complex compliance requirements. KnowledgeBase(TM) aggregates the information and content and offers all they need in an easy-to-access Internet form, and offers all users the means to find the information pertinent to their specific needs," stated Manakoa Chairman Admiral Stuart Platt (USN Retired).
Manakoa will offer KnowledgeBase(TM) on a subscription basis with individual, corporate and departmental pricing options. The portal will be the first available element of Manakoa's Compliance Suite. The Manakoa Compliance Suite(TM) will also include the Manakoa Compliance WorkCenter(TM), which provides an effective information and risk management suite using a workflow process to identify risk in a business. For more information about the Manakoa Compliance WorkCenter(TM) product or the new Manakoa KnowledgeBase(TM), please visit www.manakoa.com.
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)(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.
Contact Information: Manakoa Services Corporation
Edward Nichols, Vice President-Business Development 303-327-5200 X 664 Enichols@manakoa.com or For Investor Information: The Investor Relations Group, Inc. Jordan Silverstein or John Nesbett 11 Stone Street, 3rd Floor New York City, NY 212-825-3210
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