06 Dec 2009

Cayman Islands

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Postal Agency Offers RPost’s RegisteredEmail Service as Cost-Effective OnlineEquivalent to Certified Mail That ExpeditesMessage Delivery with Legal Proof

GRAND CAYMAN, Cayman Islands, and LOSANGELES—December 6, 2007 – The Cayman Islands PostalService (CIPS) and RPost®, the leader in managed outbound messaging with its flagship RegisteredEmail® services, today announced that they haveentered into a multi-year partnership. Under termsof the agreement, CIPS will offer RPost’s RegisteredEmail services to its 68,000 corporate customers,including over 500 banks, 800 insurers and 5,000mutual funds. The RPost service will allow CIPSbusiness customers to dramatically reduce theirannual communications costs by offering a viableelectronic option to high-cost courier and overnightdelivery services.

By adding RPost capabilities to its menu of businesssolutions and value-added services, CIPS now managesthe entire mail stream—both paper-based andelectronic correspondence. With RPost’s RegisteredEmail services, CIPS customers can sendinternational business correspondence—includingcontracts, notifications and general information—viaemail with verifiable proof of message delivery,content and time stamp for messages sent to anyInternet address. RPost powers a set of high-valueoutbound messaging services for client recordsmanagement, compliance, e-discovery, paper reductionand cost reduction initiatives.

The Cayman Islands Postal Service is at theforefront in providing advanced messaging technologyto support the growing number of banks, insurers andlegal firms conducting business in this thrivingoffshore financial center and internationally. Thesecompanies communicate heavily with businesspartners, litigants and customers both locally andabroad, and require a fast, cost-effective method ofcommunicating critical information via email thatalso provides legal assurance and proof that wouldbe admissible into evidence, should message contentbe challenged in court.

“With this RPost alliance, the Postal Service has awonderful new service to offer to our customers.Internet-based technologies have become such anintrinsic part of daily corporate communicationsthat postal services everywhere are challenged touse these technologies to add value to and enhancetraditional postal operations,” said Sheena Glasgow,Postmaster General of the Cayman Islands PostalService.

“RPost’s Registered Email services are a strategicnew offering for our financial and internationalbusiness clientele which allows them the capabilityto conduct legal transactions, bind agreements, andsend enforceable notifications globally, instantlywith just the click of a mouse. RPost’s RegisteredEmail services will revolutionize the way ourcustomers send important documents, even the mostconfidential ones, at a fraction of the cost ofcourier delivery with the speed of email,” sheadded.

“With more business communications and contractualtransactions taking place electronically, ouralliance with RPost extends our commitment tobuilding the most business-friendly global financialcenter possible. RPost’s Registered Email serviceswill revolutionize the way our customers sendimportant documents, even the most confidentialones, at a fraction of the cost of courier deliverywith the speed of email,” she added.

The Cayman Islands Postal Service and RPost havebundled the cost of email delivery proof, timestamping, encrypting, PDF conversion, informationleak prevention, e-contracting, and e-signing intoone flat per unit price of CI$1– traditional courierservices cost between $18 and $30, depending onweight and destination. RPost outbound messaging services can be used from every desktop, laptop or  handheld PC, offering CIPS customers a flexible and convenient platform for sending documents and managing electronic records.“The Cayman Island Postal Service is internationally savvy in terms of recognizing the importance of offering its customers an alternative method to traditional courier services that provide assurance, tracking capabilities and proof of delivery, while saving time and reducing costs,” says Zafar Khan, CEO of RPost. “Due to RPost’s unique authentication capability, RPost’s Registered Email service save companies money otherwise spent on storage, email records management, and electronic discovery requests, fax, and courier, and enables CIPScustomers to instantly gain greater accountability and protection for their communications as well as the ability to sign documents and legally bind agreement by email.”

RPost’s Registered Email services include more than ten message protection options, integrated into one platform. RPost closes the delivery gap in electronic communications that may result when unprotected email messages are disputed with respect to content, delivery status, or time. Unlike alternative messaging approaches, RPost services are simple to install, fully integrated, and require no recipient action or software.

Media Contact
Tara Bush
Cayman Islands Postal Service
Phone 345-814-6506
Email tara.bush@gov.ky