PivX Ends 'Panic Patching' And Takes Enterprise Security Market To New Level

Business Wire, August 25, 2004

NEWPORT BEACH, Calif. -- PivX Solutions, Inc. (OTCBB:PIVX), the leader in next generation host-based intrusion prevention software for the Windows enterprise security market, announces that more than 12 contracts have been signed and more than 4,000 sales leads have come in after only a week of launching its flagship product, Qwik-Fix Pro. Qwik-Fix Pro safeguards PCs and networks from falling victim to the next worm or virus before vendor security patches become available, avoiding the typical scramble to test and deploy patches.

Qwik-Fix Pro was released to the enterprise security marketplace on August 16, 2004. Among the signed contracts to date is TriStar MGA, a financial services firm that sells a leading edge Windows-based system to lending institutions. The system tracks over 800,000 leases and loans for lending institutions and AM Best 'A' Rated insurance companies worldwide.

Enterprise license agreements have also been signed with Sheppard, Mullin and Richter, Roth Capital, Orica, Columbia Forest Products, Xceedium, TriTronics, NetworkTelemetrics, Redwire Broadband, Fonem Data of Sweden and VirtuosoMedia in the Netherlands and multiple Global 500 companies including a major airline, a leading financial services firm and a worldwide shipping company.

"We knew that the market was ready for the next generation of host-based intrusion prevention solutions based on the direct feedback we received from CIOs and CSOs at leading Fortune 500 companies during our successful beta test program," said Rob Shively, Chairman and CEO at PivX. "With the rollout of Qwik-Fix Pro, we are now able to provide companies with the proactive security solutions they need to protect their networks."

"When you consider the ineffectiveness of the current reactive security solutions taken together with the 'Panic Patching Syndrome' that has gripped systems administrators who are desperately trying to protect their Windows-based systems, the market is clearly screaming for a solution like Qwik-Fix Pro," said Luis Curet, vice president of sales at PivX. "The early returns support that need, with a total of more than 4,000 sales leads in just the first week."

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 networks, home PCs 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.