Com-Guard Inc. Announces New Funding from Its Private Placement Offering.Business Editors/High-Tech Writers CARLSBAD, Calif.--(BUSINESS WIRE)--Dec. 18, 2003 Com-Guard Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CGUD), the technology company that offers integrated solutions for several computer security markets, announced today receipt of $250,000 from its Private Placement Offering via existing shareholders. Dr. Edward Savarese, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and founder said, "We are very pleased with the confidence our shareholders have shown in our future, and we appreciate their support. The funds will meet our current cash flow needs for the fiscal Year 2004. The company will mainly use the proceeds for sales and marketing purposes of its product lines. This financing provides us with the first stage of capital needed to support our anticipated growth and gives us means to allow us to aggressively start to execute our business plan." About Com-Guard Inc. Com-Guard.com Inc. (www.com-guard.com) develops and markets a line of software and hardware products for the computer industry that provide enhanced system security for both individual users and network administrators. The company focus is on detection, protection, and notification of various security threats. The company's state-of-the-art software technology, Com-Guard(TM), locks, hides and encrypts files (including e-mail). The company's patented product, Com-Guard Pro(TM), enables users to protect and limit access to sensitive data while providing a physical security system to guard against tampering tampering The adulteration of a thing. See Drug tampering. , theft of the computer or unexpected intrusions into the environment by supporting external sensors. Security violations are immediately communicated to designated people or locations via wireless (including SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ), phone or e-mail transmission. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These risks and uncertainties may cause actual outcomes and results to differ materially from expectations in this press release. These and other risks are detailed in Com-Guard's quarterly reports on Form 10-QSB's and annual report on Form 10-KSB. |
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