Message-ID: <1862446606-1112991571-cardhu_blackberry.rim.net-13997-@engine28>
Date: Fri Apr  8 21:19:51 2005
From: jasonc at science.org (Jason Coombs)
Subject: Lotus Fund Acquires Controlling Interest in PIVX
	Solutions

Lotus Fund Acquires Controlling Interest in PIVX Solutions From 
Co-Founders; Seeks to Leverage Company's Unique Windows Security Technology

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--April 7, 2005--PIVX Solutions, 
Inc. (OTCBB:PIVX), the leader in next generation Windows Host-Based 
Intrusion Prevention software, announces today that the private equity 
firm Lotus Fund has increased their holdings in PIVX to become the 
controlling shareholder of the company.

"We are very excited about the IT security industry, and we view host 
intrusion prevention as the next significant area of growth within that 
industry," said Tydus Richards, director at Lotus Fund and the new 
Chairman of the Board at PIVX. "We evaluated many different companies in 
this space and are impressed with the technology, the team and the 
momentum at PIVX. Given the continually growing threats to PC users, 
PIVX's products provide the protection that Windows users must have to 
be truly protected against hackers and the malware they deploy. The 
co-founders of PIVX have a legacy to be proud of and now we are 
assembling the team to take the Company to the next level."

The company's primary software product, Qwik-Fix Pro, is designed to 
proactively block known and unknown software threats in all versions of 
Microsoft Windows and Internet Explorer. Using Active System Hardening 
technology, Qwik-Fix Pro combines automatic remediation of critical 
software security flaws with targeted configuration management. This 
host-based technology is driven by world-class security research and 
mitigates critical software vulnerabilities well before Microsoft 
releases a patch or an anti-virus signature is written.

"Defective software represents the greatest security risk facing 
organizations today. With tens of millions of lines of code in Microsoft 
Windows, the potential for abuse is extremely high and will continue to 
plague industries that rely upon this platform," said PIVX CTO, Alex 
Tosheff. "Windows users must take a different approach to mitigating 
this risk and by using a product like Qwik-Fix Pro as a key component in 
a layered-security approach, they can achieve the best possible 
protection against the greatest number of threats. In many cases, we are 
providing the 'patch before the patch.'"

"We are very pleased that we are having success on multiple fronts," 
said Luis Curet, Interim CEO and senior vice president of sales and 
marketing at PIVX. "We are seeing increased traction within our OEM, 
International, Enterprise, Consumer and Forensic Services groups. It is 
clear that companies understand the unique value proposition that we 
provide. In addition, we're seeing a huge number of downloads of 
Pre>View, our recently launched security scorecard application for 
Windows computers."

PIVX will hold an investor conference call at 4:15 p.m. Eastern Standard 
Time on Thursday, April 14, 2005. PIVX Solution's Chairman of the Board 
Tydus Richards and PIVX's Interim CEO Luis Curet will host the call.

     To hear the conference call as it takes place:

     --  Call 1-800-434-1335 in the United States or Canada or;

     --  Call 1-404-920-6620 in the Atlanta Area or Internationally

     --  Pin Code: 646636

     --  Exclusive: For Expedited Entry into the Conference: Please
         register via this link for your Direct Access 800 number.
         www.AccuConference.com/PIVX

To hear a recording of the call (available immediately following the 
call by telephone for 30 days after the call takes place):

     --  Call 1-800-977-8002 in the United States or Canada or;

     --  Call 1-404-920-6650 in the Atlanta Area or Internationally

     --  Pin Code: Press * then 646636

     About PIVX

PIVX Solutions, Inc. (OTCBB:PIVX) is a security research product and 
services company that leverages its domain knowledge to increase the 
security of corporate PCs and servers and the Internet infrastructure. 
PIVX also conducts highly confidential security-related work on behalf 
of some of the world's largest corporations. PIVX research has 
identified multiple vulnerabilities and ways to exploit many of the 
worlds widely used Operating Systems and software including Microsoft 
Windows, Microsoft IIS, Unreal Engine, Microsoft Internet Explorer, 
Cisco IOS and Turbo Tax.

For more information, please visit www.pivx.com or call 949-999-1600.

Forward-Looking Statements

The statements contained in this press release that are not historical 
are "forward-looking statements" within the meaning of Section 27A of 
the Securities Act of 1933, as amended (the "Securities Act"), and 
Section 21E of the Securities Exchange Act of 1934, as amended (the 
"Exchange Act"), including statements, without limitation, regarding our 
expectations, beliefs, intentions or strategies regarding the future. 
PIVX intends that such forward-looking statements be subject to the 
safe-harbor provided by the Private Securities Litigation Reform Act of 
1995. Such forward-looking statements relate to, among other things: (1) 
PIVX's successful integration of Threat Focus; (2) PIVX's expected 
revenue and earnings growth; and (3) estimates regarding the size of 
target markets. These statements are qualified by important factors that 
could cause PIVX actual results to differ materially from those 
reflected by the forward-looking statements. Such factors include but 
are not limited to: (1) PIVX's ability to obtain development financing 
as and when needed, (2) PIVX's ability to generate and sustain 
profitable operations; (3) the market's acceptance of PIVX's products 
and services; (4) significant competition from other network security 
companies and operating system providers with significantly greater 
technological, marketing and financial resources, and (5) PIVX's ability 
to protect its intellectual property. These statements, and other 
forward-looking statements, are not guarantees of future performance and 
involve risks and uncertainties as more fully described in the Company's 
periodic filings with the Securities and Exchange Commission.

     CONTACT: Redwood Consultants, LLC
              Jens Dalsgaard, 415-884-0348
              JNSD@....com

     SOURCE: PIVX Solutions, Inc.

Powered by blists - more mailing lists