A GOVERNMENT MANDATED PERSONAL IDENTITY VERIFICATION

(PIV) - READY SOFTWARE LAUNCHES TODAY

NIST Utilizing SETECS Products in Developing PIV Certification Standards

SETECS, Inc., developer of advanced Internet security software products, today announced a Personal Identification Verification (PIV)-ready solution that will enable government agencies and contractors to meet their PIV requirements deadline.  The solution called OneCARD™ is designed for ease of use, seamless modular integration, scalability, and investment protection. SETECS is the first to market with software that is itself encrypted, therefore not affected by viruses or hackers. 

SETECS, Inc. CEO and CTO, Sead Muftic, has been working closely with the National Institute of Standards in Technology (NIST) to assist in the development of PIV standards for all government agencies and contractors required by Homeland Security Presidential Directive 12 (HSPD 12).  NIST utilized SETECS, Inc.’s OneCARD™ solution for testing and defining the standards that were recently released (see www.nist.gov).

“Planning for and implementing PIV systems is fast becoming a priority throughout the US Government, including government contractors,” said Muftic.  “The OneCARD™ system provides all elements of the exacting standards, plus OneCARD™ extends PIV to offer the daily aspects of use such as secure email and remote log in.

About OneCARD™

• A “complete” PIV READY™ smart card system for identification, authentication & access control applications

• SELF ENCRYPTED™, and therefore self protected from viruses and hackers.

• Supports USER MOBILITY™ such as in wireless or handheld devices and applications, which supports the critical nature of “first responders” and others in need of military-grade security in field operations.

• Standards-based, modular design makes it plug and play compatible with many prior installed products, thereby protecting the investments already made, and natively supports all major smart cards, smart card readers, databases, and Certificate Authorities 

About the SETECS, Inc. OneCARD™ Software Development Team

The OneCARD™ Software Development Team is a group of Internet security experts that develop the latest in solutions to meet the ever evolving security needs of government and commercial entities.  The team is led by Sead Muftic, an industry veteran with over 25 years experience in developing computer security technologies, whos past clients included well known organizations such as VISA, the National Science Foundation and agencies and departments of the U.S. Government and its friendly International Security Counterparts..  Prior to SETECS Dr. Muftic was a doctoral professor of Internet security technology at George Washington University and also Professor at the University of Stockholm, Sweden.  He holds a PhD degree in computer security from Ohio State University and speaks Internationally as a recognized expert in the field 

About SETECS, Inc.

SETECS develops and licenses advanced Internet security software enabling complete end-to-end security for voice, data, and video such as applications in Secure Web Services (XML), Secure Instant Messaging, Collaborative and Wireless “PDA/SmartPhone” Applications and Appliances.
With the benefit of three years of intensive research and development, as well as participation in pilot programs with NSA, DOD, SSA, and NOAA, SETECS products are market tested and sold through Channel Partners worldwide.

All SETECS software is standards based, modular, and interoperable, which enables rapid application development, and investment protection. OneCARD™ is a registered trademark of SETECS, Inc. Other registered trademarks are the property of their respective owners. All rights reserved.

For more information about SETECS, Inc. and OneCARD™, please visit www.setecs.com.

Contact: info@setecs.com

Washington, DC - June 28, 2005 - SETECS presents at PIV Workshop hosted by NIST. Dr. Sead Muftic, SETECS President, CEO, CTO, and Joint Owner, unvailed SETECS PIV solution. The comprehensive SETECS solution is available through channel partners immediately! Also see and download SETECS Whitepaper on home page.

Washington, DC- February 3, 2005 – The Washington DC Technology Council today announced the selection of 10 high growth companies to present at the Early Stage Capital Forum on February 11 at the Ronald Reagan International Trade Center.  The Forum will include a keynote luncheon speech by David Steinberg, CEO of InPhonic Inc., panel discussions on key issues, presentations of emerging companies seeking equity capital, and many networking opportunities.  Registration to attend is still open.

“Venture investment in the DC Metro region is back. The 2005 Early Stage Capital Forum is the first showcase this year highlighting quality companies seeking investment capital,” commented John May of the New Vantage Group and co-chair of the Forum.  “It is a great opportunity for angels and venture capitalists to hear from good companies.” 

After a competitive selection process, the company leaders attended an intensive one-day boot camp and worked with experienced coaching teams for several weeks. The companies presenting are:

• Adlyfe - The developer of a rapid test for chronic brain diseases such as Alzheimer's and Mad Cow Disease.
• JB Cubed - A service and solutions provider enabling companies to enter public sector markets with a reduced sales cycle and costs to market. 
• Learning Objects - A company designing and delivering products supporting expansion & enhancement of education course management software.
• Partner MD - A membership-based on demand primary health care provider for corporate and individual subscribers.
• pragma Systems Corporation - The developer of an intranet web-based project management system.
• SETECS - An information security company developing and marketing software for secure enterprise group applications.
• Slipstream - A web-based fleet management company for private air charter and air taxi services.
• SonoMedica - A medical device company specializing in non-invasive detection and monitoring of cardiovascular conditions.
• Translate TV - A real time automated language translation application utilized by broadcast media. 
• Wondir - A live Q & A service combining elements of search and instant messaging.

“The companies are some of the best I’ve seen in some time,” said Charlie Thomas, managing director of Claris Capital and co-chair of the Forum.  “They are prepared and ready to tell investors their exciting stories.” 

 ABOUT THE WASHINGTON DC TECHNOLOGY COUNCIL

The Washington DC Technology Council is the only technology and business focused council in the region that has successfully hosted and managed a series of venture capital forums to introduce leading, venture appropriate companies from the local area to the investment community.  The Council helps to link the technology industry, government, educational, and research institutions and connects the technology communities with professional development and business opportunities.  For more information, visit its website at www.dctechcouncil.org.

July 30, 2004 -- SETECS, Inc., a privately held Internet security technology company delivering end-to-end security software products to IT Vendors and Channel Partners today announced it had received a Small Business Innovative Research (SBIR) grant from the Department of Energy. The grant will support research and development the STONE (Security Technologies for Open Networking Environments) Project. Within the project SETECS will establish a concept, develop a methodology and implement a comprehensive middleware security platform for Web services. In addition, SETECS will convert its current OneGroup™ products to Web-based applications: secure instant messaging, secure white board, and secure sharing of Web documents.