Digital Info Security Company Executes Asset Purchase Agreement with Patron Systems, Inc.
May 24 2007 - 12:05PM
PR Newswire (US)
DGIF Purchases PolicyBridge Software WESTMINSTER, Colo., May 24
/PRNewswire-FirstCall/ -- Digital Info Security Company (Pink
Sheets: DGIF) has executed an agreement with Patron Systems, Inc.
(OTC:PTRN) (BULLETIN BOARD: PTRN) to purchase its PolicyBridge
software and its associated intellectual property rights for
$285,000. DGIF has agreed to provide service and support for all
current PolicyBridge customers previously served by Patron Systems.
PolicyBridge is a scalable email policy management system that
packages email archiving and email surveillance for supervision,
discovery and compliance purposes. The addition of PolicyBridge
complements the email compliance solutions that DGIF currently
offers to meet SEC, NASD, Sarbanes- Oxley and HIPAA standards, and
allows DGIF to expand into markets that are not currently
well-served. In addition to its existing customers who are mostly
in the financial services industry, DGIF will cater to
organizations obligated to meet electronic discovery requirements
mandated by recent amendments to the Federal Rules of Civil
Procedure, such as public companies, school districts and
governmental departments. "This is a significant purchase for
DGIF," said James Clark, Chairman & CEO of DGIF. "This will
allow us to gain competitive advantage by extending our products
and services to large-scale enterprises. We are extremely excited
about the opportunity to build our customer base and to increase
revenue." ABOUT DIGITAL INFO SECURITY COMPANY Digital Info Security
Company provides world-class hosted Email Archiving, Email
Surveillance, Spam Filtering and Virus Protection, Encryption,
Instant Message Archiving, Remote Backup and Restoration,
Colocation, BlackBerry Hosting and Website Hosting. ABOUT PATRON
SYSTEMS, INC. Patron Systems, Inc. provides application software
and services focused on process management in the public sector.
Patron's current application software offering, FormStream, is an
open standards information sharing tool that addresses the need for
law enforcement and public safety agencies to share information
between local, state and federal law enforcement and homeland
security agencies. FormStream is a mobile electronic forms
(e-forms) application, which provides a secure, highly scalable,
open standard, network independent method for the distribution and
synchronization of e-forms to mobile devices. The implementation of
FormStream allows its user agencies to update and modernize their
business processes to utilize the sophisticated form and user based
rules and process routing capabilities of FormStream. FormStream
addresses mobile e-form creation, capture and sharing over wireless
networks and manages data in industry standard formats (forms:
.pdf, XDP and XML; law enforcement: Global Justice XML data model
(GJXDM) and National Information Exchange Model (NIEM)). Further
information is available at http://www.patronsystems.com/. FURTHER
INFORMATION For additional information, contact DGIF at
866-841-5970 or visit http://www.disecurityco.com/. SAFE HARBOR
STATEMENT This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Terminology such as "anticipate," "believe," "estimate,"
"may," "intend," "expect," and similar expressions identify such
forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated,
expressed or implied by the forward-looking statements contained
herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks
and uncertainties. These include, but are not limited to, risks and
uncertainties associated with: the impact of economic, competitive
and other factors affecting the Company and its operations,
markets, product, and distributor performance, the impact on the
national and local economies resulting from terrorist actions, and
U.S. actions subsequently, and other factors detailed in reports
filed by the Company. DATASOURCE: Digital Info Security Company
CONTACT: Neal Finger or James Clark of Digital Info Security
Company, 866-841-5970 Web site: http://www.patronsystems.com/ Web
site: http://www.disecurityco.com/
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