Patron/TrustWave Announce Merger Extension.Business Editors CHICAGO--(BUSINESS WIRE)--April 25, 2003 Patron Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PTRS PTRS Penetration Technique Research Site PTRS Program Tracking and Reporting Subsystem (US FAA) PTRS Project Technical Requirements Specification PTRS Plain Text Request to Send PTRS Pacific Theater Requirements System ) and TrustWave Corporation are pleased to announce an agreement to extend the deadline to complete their merger transaction. The merger agreement is being modified to reflect favorable business developments at TrustWave. About Patron Systems, Inc. Patron Systems, Inc. is a development stage information security company incorporated in April 2002 to provide security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the and technology products to global enterprises. Patron's Security Services Group intends to work with organizations to provide comprehensive, certifiable cer·ti·fi·a·ble adj. 1. That can or must be certified. Used of infectious, industrial, and other diseases that are required by law to be reported to health authorities. 2. solutions for trusted information environments. Initial offerings are contemplated to include vulnerability A server-side include vulnerability is a vulnerability that can potentially allow an attacker to execute arbitrary scripts on a host server by including the file in an existing script. assessments; compliance and certification reviews, training, remediation, monitoring, and managed services. Patron's Technology Products Group, through its planned acquisition of third generation software and hardware, plans to help enterprises address security needs holistically throughout the IT environment. Patron Systems intends to deploy products maintaining the highest standards of independence, product quality and functionality, as well as ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for the client organization. About TrustWave Corporation TrustWave Corporation, founded in 1995, provides Enterprise Information Assurance services to a wide range of corporate, educational, and government clients. TrustWave differentiates itself by implementing the National Security Agency's INFOSEC Assessment Methodology (IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10. ["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971]. ), a key to Presidential policy establishing security benchmarks for the nation's critical infrastructure. NSA-trained security consultants comprise the core of TrustWave's professional services staff and have extensive experience in Information Technology and security solution implementation for the Department of Defense, the U.S. Secret Service, and the Department of Justice. Clients such as First Data Corporation, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group , Citicorp, and Pfizer have selected TrustWave to address enterprise-wide Information Assurance concerns much larger than basic system intrusion prevention. TrustWave has expertise in all areas of Information Assurance, and offers the following services: Vulnerability Assessments, network and application penetration testing and software code review, Security Policy Development, Secure Architecture Design, Electronic Forensics See computer forensics. and Investigations, and security product implementation and integration. TrustWave also provides 24x7 Managed Security Services through its TrustSentry(R) offering, including firewall and IDS management and periodic vulnerability scanning. Forward Looking Statements The statements made in this press release are forward-looking and are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. There can be no assurance that the proposed transaction will be completed. The uncertainties and risks also include, but are not limited to, the ability to complete the proposed acquisition of TrustWave or any other acquisitions, the ability of PTRS, Patron or TrustWave to execute effectively its business plan, changes in the market for information security solutions, changes in market activity, anticipated increases in customers, seasonality, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. PTRS and Patron assume no obligation to update information concerning its expectations. |
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