9 June 1998
Thanks to SR

PRESS RELEASE

Global Privacy Association June 8, 1998

## PRIVACY FOR OPEN MARKETS

The Global Privacy Association is presently distributing the document, Privacy For Open Markets. It details an international structure with incentives to protect an Individual's sensitive and identifiable information from being distributed on the open market.

"Privacy For Open Markets promotes methods of retaining fair treatment and distribution of an Individual's sensitive and identifiable information. Privacy For Open Markets regulates commercial sales of this data, and simultaneously compensates the appropriate Individual with a percentage of that transaction."

The document outlines the international and national bodies needed to fulfill the technological support and administrative tasks for the creation of the system. It describes in detail the steps taken for an Individual and Proprietor to register and how transactions would clear.

Increasingly, the consumer is being informed about the immense repercussions of the personal data trade. Even though "certain countries and continents have begun to exercise privacy practice, this is not enough. It is important that standards be met worldwide, since the information being exploited is of international concern."

"The Global Privacy Association was initiated as an international coalition of qualified lawyers, government officials, libertarians, financiers, bankers, consumer rights activists, database industry leaders, and encryption specialists. Its goal is to understand the problems of international electronic commerce and trade, and conceive an alternative doctrine for the protection of an Individual's sensitive and identifiable data."

The document is located at the Privacy For Open Markets web site.

> http://www.pfom.org

For further detail and information please email

> info@pfom.org