BVEW Bindview Development Corp (MM)

BindView Corporation (NASDAQ:BVEW), a leading provider of IT security compliance solutions, today updated financial expectations for the third quarter ended Sept. 30, 2005. The Company estimates revenues for the third quarter of 2005 will range between $17.7 and $18.1 million, which is lower than its previously announced estimate of $19.0 and $21.0 million. About BindView BindView Corporation is a leading provider of proactive IT Security Compliance software worldwide. BindView solutions enable customers to centralize and automate Compliance Monitoring, Vulnerability Management, Identity Administration and Configuration Management operations across the enterprise. By following established regulatory guidelines, audit frameworks, technical standards and industry best practices, BindView solutions enable customers to implement a policy-based approach toward safeguarding their IT environments from internal and external threats and vulnerabilities. The result is improved security and improved compliance auditing across users, systems, applications, and databases based on Microsoft, UNIX, LINUX and Novell operating systems. With BindView insight at work(TM), customers benefit from reduced risk and improved operational efficiencies with a verifiable return on investment. More than 20 million licenses have shipped to 5,000 companies worldwide, spanning all major business segments and the public sector. Contact BindView via e-mail at info@bindview.com, on the web at http://www.bindview.com, and at 1-713-561-4000 or 1-800-749-8439. Statements in this news release not based on historical fact are "forward-looking" statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially because of factors such as the risk factors and other matters described from time to time in BindView's Form 10-K filings, Form 10-Q filings, and other periodic filings with the Securities and Exchange Commission, including without limitation the time required for large transactions to close and the general willingness of customers to make investments in information technology.