PR Newswire, December 17, 1997: Los Angeles -- IBM telephoned Meganet Corporation ten days ago after reviewing the Virtual Matrix Encryption (VME) algorithm and highly recommended the VME technology to be the national standard for data encryption, reported Meganet. The IBM spokesperson from the Security Technology Division requested immediate submission of VME to the National Institute of Standards & Technology and the Institute of Electrical & Electronic Engineers to facilitate the standardization. Obviously, Meganet's claim that their VME technology is completely impenetrable has garnered much support. Source: Meganet Corporation. http://www.meganet.com