Foldera Appoints Computer Industry Veteran Steve Cubberly as Global Vice President of Strategic Alliances; Former DimensionData executive to Spearhead Multiple Strategies to Monetize Foldera Subscriber Base.

HUNTINGTON BEACH, Calif. -- Foldera(TM), Inc. (OTCBB:FDRA), the only free, open and easy-to-use web-based organizer and messaging/collaboration service, has announced the appointment of industry veteran Steve Cubberly to the position of Global Vice President of Strategic Alliances.

"Steve brings extensive relationships in the industry and a successful career's worth of experience in establishing precisely the sort of partnerships that we believe will significantly drive our per-user revenue growth for Foldera. He is one of the industry's best executives when it comes to the mission of developing mutually beneficial relationships with major companies who want to reach our user base," said Richard Lusk, CEO of Foldera.

As the head of strategic alliances for well-known computer industry and consulting firms including marchFIRST, Whittman-Hart and DimensionData, Mr. Cubberly has already been successful in driving millions of dollars of incremental revenue by building strong relationships with partner firms. These partners have included some of the world's largest corporations, including Microsoft, IBM and Oracle. Prior to joining Foldera, Mr. Cubberly owned a successful consulting business supporting companies such as ACNielsen, Hospira (an Abbott Labs spinoff) and American National Bank (now Chase).

"Where MySpace enables millions of kids to organize their network of friends, Foldera has the potential to enable millions of businesspeople to instantly organize their work. Gaining access to such an elusive and potentially huge number of businesspeople can provide an enormous opportunity for advertisers and e-commerce companies that want to reach this desirable demographic and obtain real time ROI on their advertising campaigns," said Mr. Cubberly.

Business owners wanting to experience the power of Foldera Activity Folders in their business should register for a beta account at http://www.foldera.com.

About Foldera(TM), Inc.

Foldera(TM) is the free, secure and easy-to-use service that instantly organizes workflow. Foldera combines web-based email, instant messaging, a document manager, a task manager, a calendar, a contact manager and sharable folders into a unified productivity suite, available with a single login from any web browser. Foldera also has the unique ability to instantly sort and file your sent and incoming email, instant message dialogs, documents, tasks, and events into folders, on a project-by-project basis, chronologically and in real-time.

Foldera's proprietary technology differs from competing collaboration products in a number of important ways:

--Easier and faster to set-up and use

--Organizes activities, teams, and information automatically

--Enables participants to communicate specifically in the context of each project and activity

--Archives everything instantly

--Notifies all participants of changes automatically and at the same time

--Secures critical information instantly

--Accessible remotely from a single centralized location on the Web

--Enables participants to manage multiple projects, teams and information from one interface

--No hardware or software to buy or maintain

--Free to users

Foldera expects to generate revenues from the sale of premium services such as extra data storage and from embedded search and contextual advertising. Founded in 2001, Foldera is a publicly traded company (OTCBB:FDRA), headquartered in Huntington Beach, California.

For more information or to sign up for service, visit http://www.foldera.com

This press release includes a number of forward-looking statements that reflect our management's current views with respect to future events and financial performance. Forward-looking statements include, but are not limited to, statements that are not historical facts, and statements including forms of the words "intend," "believe," "will," "may," "could," "expect," "anticipate," "plan," "possible," and similar terms. Actual results could differ materially from the results implied by the forward-looking statements due to a variety of factors, many of which are discussed throughout this Quarterly Report and in our SEC filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly release any revisions to these forward-looking statements that may reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, unless required by law. Factors that could cause actual results to differ materially from those expressed in any forward-looking statement made by us include, but are not limited to:

--our ability to finance our activities and maintain our financial liquidity;

--unexpected resistance to the adoption of our product offering;

--changes in consumer preferences or trends;

--competitive offerings; and,

--our ability to develop a strong brand identity.