PROVO — VIP*ComLink said Friday it has entered into a letter of intent and understanding with CyberKey Corp. of St. George to acquire an ownership interest in CyberKey.

Terms were not disclosed.

CyberKey's initial product is a hard drive on a key chain, which employs partnership or license rights to technologies developed by Iomega Corp., McAfee.com and Aladdin Systems.

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VIP*ComLink provides capital asset and corporate business development services.

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