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SiVault Systems Engages PiedmontIR to Provide Investor Relations and Financial Communications Services

Posted on: Friday, 30 June 2006, 12:00 CDT

SiVault Systems, Inc. has engaged PiedmontIR L.L.C. to provide an investor relations and financial communications program designed to increase SiVault's visibility within the investment community.

"PiedmontIR has an impressive track record of making introductions for its portfolio companies and cultivating long-term relationships with premier fund managers as well as institutional and retail brokers." Wayne Taylor, SiVault Systems Chief Financial Officer said. "SiVault Systems has come to the stage in its development where we are moving beyond 'proof of concept, now that we are fully reporting along with trading on the OTCBB we are ready to broaden our existing investor base and increase awareness and knowledge of our growth potential".

"We are confident that Piedmont can perform in this role and broaden SiVault's awareness among various money center participants."

About SiVault: SiVault Systems, Inc. provides next generation secure access management software for comprehensive, fine-grained access control to information distributed over any network topologies. It allows authorized users to access protected information safely and securely, online or offline. The SiVault software, known as SiSeal, is unique among security technologies in that it secures the data so that it can be freely distributed anywhere yet provides centralized administration to manage and maintain who can access what information at any time. This provides for an effective way to enforce enterprise security policies on computer systems as it reduces the complexity and cost of security administration.

This approach to securing data combined with role based access control provides tremendous leverage in efficiently managing and handling secure documents across large numbers of users. This is especially important with the ever-increasing complexity surrounding compliance such as HIPAA and Sarbanes-Oxley. As a result, SiSeal's scalable architecture provides dramatic cost savings, especially when compared to PKI -based systems.

SiSeal's architecture is based on a suite of fully integrated products intended to interoperate as a single solution. Our role based encryption, role based access control and biometric authentication components provide significant value over competitive solutions, such as the ability to provide simultaneous read/write access to data across multiple users. SiVault Systems was incorporated in March 1999 as Great Bear Resources, Inc. and changed its name to Great Bear Investments, Inc. in May 1999. The company further changed its name to Security Biometrics, Inc. in 2000 and then to SiVault Systems, Inc. in 2004. SiVault Systems is headquartered in San Jose, California.

About PiedmontIR: PiedmontIR L.L.C. is a national investor relations (IR) firm headquartered in Atlanta, Georgia, with a regional office in New York. PiedmontIR provides comprehensive, customized IR services to small and medium- sized emerging companies. PiedmontIR specializes in investor education to retail investment advisors and institutions, along with analyst communications, media relations, market analysis, and development of corporate communications material for its clients.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of SiVaults products by customers, and future performance of SiVault Systems Inc. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC). You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

Source: Business Wire

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