CaminoSoft to Explore Opportunities to Enhance Value.Board Committed to Maximizing Company's Growth Potential WESTLAKE VILLAGE, Calif. -- CaminoSoft Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMSF CMSF Canadian Merit Scholarship Foundation CMSF Canada Millennium Scholarship Fund CMSF Chief of Mission Systems Flight CMSF Congregation of the Missionaries of St Francis ) today said its board of directors is in the process of reviewing strategies to maximize the inherent value of the company and capitalize on its innovative software technology for data life cycle management and related opportunities. "Despite the company's innovative technology and alliances with industry leaders, shareholder value has been impacted and the board intends to proactively address the situation," said Robert Degan, chairman of the board of directors. He noted that steadily growing demand for data-storage capacity -- which, according to media and industry reports, is surpassing a growth rate of 60 percent per year -- is, in part, due to requirements related to Sarbanes-Oxley. The company's storage hardware-agnostic software offers solutions that allow organizations to address the problem of ever-increasing data and to intelligently manage the backup and recovery of information. Degan highlighted its relationships with CA, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Hitachi Data Systems See HDS. , Network Appliance, HP, Archivas and other industry leaders. About CaminoSoft CaminoSoft Corp. is a developer and manufacturer of software solutions that address the storage, management, and safeguarding of vast quantities of data generated in a wide range of businesses and applications. The company's Information Lifecycle Management Information Lifecycle Management refers to a wide-ranging set of strategies for administering storage systems on computing devices. Specifically, four categories of storage strategies may be considered under the auspices of ILM. tiered storage solutions for Microsoft Windows 2000/2003, Novell NetWare & GroupWise, and NetApp Filer environments include comprehensive administrative policies that allow organizations to reclaim storage resources, improve operational efficiency, and achieve regulatory compliance. CaminoSoft has established alliances with industry-leading technology partners, and the company markets its Storage Management and High Availability solutions worldwide through commercial distributors, value-added resellers, and systems integrators. For further information, visit www.caminosoft.com. This release may contain forward-looking statements that reflect the management's current views of future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to regulatory action, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and competing products. Any changes in such assumptions or external factors could produce significantly different results. [c] 2006 CaminoSoft Corp. CaminoSoft, the CaminoSoft logo, Managed Server HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. , and CaminoSoft Storage Analyzer are trademarks of CaminoSoft Corp. All other brand and product names mentioned herein are trademarks or registered trademarks of their respective companies. |
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