Commtouch Reports Successful Third Quarter; Company Signs Five New OEM Agreements; Over 25 Million Mailboxes Now Protected by RPD.MOUNTAIN VIEW, Calif. -- Commtouch(R) (Nasdaq:CTCHC), the innovator of anti-spam solutions featuring Recurrent Pattern Detection (RPD RPD Rapid RPD Radiation Protection Dosimetry RPD Rapid Product Development RPD Rochester Police Department RPD Recurrent Pattern Detection (Commtouch anti-spam engine) RPD Relative Percent Difference RPD Removable Partial Denture )(TM) technology, today announced the closing of significant new business during the third quarter of 2004, including the signing of five new OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreements. The company anticipates providing additional information about these relationships in separate press releases during the fourth quarter. "With both new and ongoing business, we now service over 25 million mailboxes. This, we believe, places the company with the elite anti-spam vendors in the marketplace, such as Symantec (Nasdaq:SYMC SYMC Symantec Corporation (stock symbol) ), Trend Micro (Nasdaq:TMIC TMIC Trend Micro Inc. (stock symbol) TMIC Top Mount Intercooler (automotive turbo systems) TMIC Traffic Management and Information Centre TMIC Training Management Information Center ) and Network Associates (NYSE NYSE See: New York Stock Exchange :MFE MFE - maximal free expression )," stated Gideon Mantel, 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. of Commtouch. "We continue to believe that our RPD technology will be a winner in this hotly hot·ly adv. In an intense or fiery way: a hotly contested will. Adv. 1. hotly - in a heated manner; "`To say I am behind the strike is so much nonsense,' declared Mr Harvey heatedly"; "the contested market, and that the alliances formed with our new OEM partners further validate our market position." The company also reported the following additional business updates: --The company expects that it will be cash positive by mid-2005. --Commtouch currently has 10 active OEM partners, three of which are based in international markets, highlighting Commtouch technology's unique, content neutral approach to identifying and quarantining spam E-mail that is not requested. Also known as "unsolicited commercial e-mail" (UCE), "unsolicited bulk e-mail" (UBE), "gray mail" and just plain "junk mail," the term is both a noun (the e-mail message) and a verb (to send it). . --The company's enterprise customer base has close to a 100% renewal rate, demonstrating high levels of customer satisfaction. Renewals are customers who commit to additional years of anti-spam service. --Revenues and deferred revenues for the third quarter are expected to be approximately $400,000 and $1,100,000, respectively. Total cash at September 30, 2004 was approximately $5,000,000. --The company continues to discuss its delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. status with Nasdaq. About Commtouch Commtouch Software Ltd. is a global developer and provider of proprietary anti-spam solutions featuring Recurrent Pattern Detection (RPD) technology. Its mission is to protect and preserve the integrity of the world's most important communications tool -- email. The company's core technologies reflect its 13 years of experience as a leading vendor of email software applications and provider of global messaging services. Commtouch's patent-pending technologies are employed in solutions that are sold through channels and resellers. In addition, Commtouch anti-spam technologies are incorporated in software applications of security and messaging OEMs. Commtouch is headquartered in Netanya, Israel and its subsidiary, Commtouch Inc., is based in Mountain View, CA. The company was founded in 1991 and has been publicly traded since 1999 (Nasdaq:CTCHC). To learn more about Commtouch visit www.commtouch.com. For a free copy of "Choosing the Best Technology to Fight Spam," a recently published IDC study analyzing qualities of spam-fighting technologies, visit: http://www.commtouch.com/analysts_and_publications.shtml. 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. , including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense future tense n. A verb tense expressing future time. Noun 1. future tense - a verb tense that expresses actions or states in the future future , and statements including words such as "expect", "plan", "estimate", anticipate", or "believe" are forward-looking statements. These statements are based on information available to us at the time of the release; we assume no obligation to update any of them. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including the non-occurrence of any of the company's prospective future events, the threat of or actual delisting of Commtouch shares by The Nasdaq SmallCap Market, the acceleration of the payment date of convertible notes due to a delisting by Nasdaq; business conditions and growth or deterioration in the Internet market, commerce and the general economy both domestic as well as international; fewer than expected new-partner relationships; competitive factors including pricing pressures; technological developments, and products offered by competitors; availability of qualified staff for expansion; and technological difficulties and resource constraints encountered in developing new products as well as those risks described in the company's Annual Reports on Form 20-F and reports on Form 6-K, which are available through www.sec.gov. Recurrent Pattern Detection and RPD are trademarks and Commtouch is a registered trademark of Commtouch Software Ltd. |
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