INTZ Intrusion Inc

RICHARDSON, Texas, June 20 /PRNewswire-FirstCall/ -- Intrusion Inc. (NASDAQ:INTZ), ("Intrusion") today announced that the Nasdaq Listing Qualifications Department has notified the Company that it has denied the Company's request for continued listing on the Nasdaq Capital Market. Intrusion had previously announced that the Company had received notice on May 18, 2006 of non-compliance with Nasdaq Marketplace Rule 4310(c)(2)(B) which requires Intrusion to have a minimum of $2,500,000 in stockholders' equity, or $35,000,000 market value of listed securities, or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years. As a result, the Company's securities are subject to delisting from the Nasdaq Capital Market effective upon the opening of business on June 23, 2006. Intrusion intends to appeal the Nasdaq Listing Qualifications Department determination before a Nasdaq Listing Qualification Panel. During the appeals process, the scheduled delisting will be stayed and the Company's common stock will continue to trade on the Nasdaq Capital Market, pending the Panel's decision. The hearing date has not been set and is yet to be determined by Nasdaq. While there can be no assurance that the Company's request for continued listing on the Nasdaq Capital Market will be granted, the Company is exploring all possible avenues to preserve the Nasdaq listing. About Intrusion Inc. Intrusion Inc. is a global provider of regulated information compliance, entity identification systems, data privacy protection products, and network intrusion prevention and detection solutions. Intrusion's product families include the Compliance Commander(TM) for regulated information compliance, data privacy protection and identity theft prevention, TraceCop(TM) identification and location system, Intrusion SpySnare(TM) for real-time inline blocking of spyware and unwanted P2P applications, and Intrusion SecureNet(TM) for network intrusion prevention and detection. Intrusion's products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit http://www.intrusion.com/ . This release, other than historical information, may include forward- looking statements regarding future events or our future performance, including, without limitation, statements relating to Intrusion's intention to submit a compliance plan and pursue continued Nasdaq listing. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward looking statements, including, without limitation, risks associated with the uncertainty of compliance plan, Intrusion's ability to remain listed on the Nasdaq Capital Market, its ability to execute on any proposed compliance plan and its ability to comply with all Nasdaq's continued listing requirements in the future, as well as other risks and uncertainties identified in its Annual Report on Form 10-KSB and other filings with the Securities and Exchange Commission. Copies of these filings can be obtained from Intrusion's Investor Relations department. Financial Contact Michael L. Paxton, VP, CFO 972.301.3658, Media Contact Jay Barbour, Vice President of Marketing 972.664.8107, http://www.newscom.com/cgi-bin/prnh/20030703/INTRUSIONLOGO http://photoarchive.ap.org/ DATASOURCE: Intrusion Inc. CONTACT: financial, Michael L. Paxton, VP, CFO, +1-972-301-3658, or , or media, Jay Barbour, Vice President of Marketing, +1-972-664-8107, or , both of Intrusion Inc. Web site: http://www.intrusion.com/

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