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Expanding Presence in Asia, Proginet Signs Agreement with Major Commercial Bank.

GARDEN CITY, N.Y. -- Proginet Corporation (OTCBB: PRGF), developer of enterprise security software, today announced a new software license agreement with one of the largest commercial banks in Southeast Asia.

Under the terms of the agreement, the Bank ("the Client") will use Proginet's CyberFusion Integration Suite (CFI)(TM) to secure key business data across its entire business network, which includes hundreds of branch locations and a number of regional offices and data centers. Proginet reports that CFI, which secures data as it moves between locations and over the Internet, will be deployed on all of the Client's computing platforms, including Unix, Windows(TM), and the IBM Mainframe(TM).

"We are pleased to announce this agreement," stated Jack Gazzola, Proginet's Vice President of Sales. "The Client wanted to replace all of their file transfer systems which were largely built around FTP. They were looking for a complete solution that would address all internal and external file-transfer requirements, and with CFI, they've gotten just that. CFI will connect all of their locations, and enable them to securely exchange and control data across all systems, with extensive management reporting and audit trails."

"Proginet continues to expand its presence globally, and this agreement represents one of our largest successes thus far in the Asian market," continued Kevin M. Kelly, Proginet's President and CEO. "Proginet closed this business under a distribution agreement with our partners in the region. Given our long history of success in the North American financial sector, it's encouraging to see that success now being replicated in the international arena. The threat of a data breach is a global threat and organizations have become much more mindful of how they eliminate security risk; Proginet is ideally positioned to capitalize on this market."

About Proginet Corporation

Proginet Corporation is a developer of enterprise security software. Throughout its 20-year history, the company has earned a solid reputation for its multi-platform expertise and dedication to customer service. Its products, including CyberFusion([R]), CyberFusion Integration Suite (CFI)[TM], SecurForce[TM], SecurPass([R]), and SecurAccess[TM], support all major computing platforms, from PCs to mainframes. Proginet's global customer base spans more than 23 countries and includes many Fortune 500 companies. The company is headquartered in Garden City, N.Y., with offices in Toronto, Canada, and is publicly traded under the symbol [OTCBB: PRGF]. For more information, visit www.proginet.com.

Client Confidentiality & Disclosure

Proginet is frequently unable to name client organizations in official communications in order to respect client confidentiality concerns. The company recognizes this as an inherent limitation of doing business in the security software space.

Disclaimer

This press release may contain forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors under those sections. In some cases, you can identify forward-looking statements by terminology such as "expect," "believe," "may," "will," "plans" and "anticipate," or the negative of such terms or comparable terminology. Forward-looking statements appearing herein include statements concerning operating and profitability plans and goals and are based on current expectations.
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Publication:Business Wire
Date:May 9, 2007
Words:517
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