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VirnetX Supports Cybersecurity Act Call for Secure Domain Name Addressing System

Posted on: Monday, 13 July 2009, 06:30 CDT

SCOTTS VALLEY, Calif., July 13 /PRNewswire-FirstCall/ -- VirnetX Holding Corporation (NYSE Amex: VHC), an innovative secure real-time communications and collaboration technology company, today announced its support of Senate Bill 773: Cybersecurity Act of 2009, specifically pertaining to the development of a "Secure Domain Name Addressing System." VirnetX's patent portfolio, including its recent U.S. patent #7,418,504, uses Secure Domain Names with its proprietary Secure Domain Name Registry to provide Internet security.

The proposed Cybersecurity Act, Section 9, calls for: Within 3 years after the date of enactment of this Act, the Assistant Secretary of Commerce for Communications and Information shall develop a strategy to implement a secure domain name addressing system.

"We applaud the Federal Government for recognizing the importance of a Secure Domain Name Addressing System," said Kendall Larsen president and CEO of VirnetX. "The current Domain Name System, the basis by which we find and communicate with people or companies over the Internet, is broken and wide open to cyberattacks. The current methods for dealing with these attacks are temporary fixes at best. Until we secure the Internet at a foundational level, people and businesses will be vulnerable and preyed upon. Our patented technology derived from a U.S. NATIONAL SECURITY initiative, provides the necessary foundational measures to make the Internet a safe and trusted environment."

VirnetX has developed its unique and patented technology for locating and securely communicating over the Internet using Secure Domain Names issued by its proprietary Secure Domain Name Registry, a key element of any Secure Domain Name Addressing System. This technology can be built into network infrastructure, current operating systems or silicon chips developed for any type of Internet communications device like smartphones, laptops or PDAs. Customers can obtain this technology by purchasing an SDK developer license or a patent license. VirnetX is developing its own secure peer-to-peer network using its GABRIEL Connection Technology, which it plans to make available for public Beta testing in the later part of 2009.

Senate Bill 773: Cybersecurity Act of 2009, was introduced April 1, 2009, sponsored by Sen. John Rockefeller, to ensure the continued free flow of commerce within the United States and with its global trading partners through secure cyber communications, to provide for the continued development and exploitation of the Internet and intranet communications for such purposes, to provide for the development of a cadre of information technology specialists to improve and maintain effective cybersecurity defenses against disruption, and for other purposes.

About VirnetX

VirnetX Holding Corporation, a secure real-time communications and collaboration technology company, is engaged in commercializing its patent portfolio by developing a licensing program, as well as developing software products designed to create a secure environment for real-time communications such as instant messaging and Voice over Internet Protocol. The Company's patent portfolio includes over 25 U.S. and foreign patents and pending applications which specifically cover the Company's unique GABRIEL Connection Technology. For more information, please visit http://www.virnetx.com

Safe Harbor Statement

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including those under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filed with the SEC on March 31, 2009.

Contacts: Greg Wood VirnetX Holding Corporation 831.438.8200 greg_wood@virnetx.com Rudy Barrio Allen & Caron 212.691.8087 r.barrio@allencaron.com

SOURCE VirnetX Holding Corporation

Source: PR Newswire

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