SOURCE: Nicaragua Rising, Inc.

August 25, 2010 08:30 ET

Ceelox Initiates Microsoft Windows® 7 Development for Vault Flash Drive

TAMPA, FL--(Marketwire - August 25, 2010) -   Ceelox, Inc. has begun development modifications of their Ceelox Vault™ flash drive, biometric file and folder encryption software product line to operate with the Microsoft Windows 7 operating system. Ceelox is a majority-owned operating subsidiary of Nicaragua Rising Inc. (OTCBB: NCRG) (the "Company" or "Nicaragua"). 

Ceelox Vault™ is a secure data storage solution for data at rest or in transit. Other encryption solutions use pass­word access, which is easy to copy or hack. Ceelox Vault™ combines a powerful encryption solution with added fingerprint biometric security. Most encryp­tion tools fail because they are too com­plicated and take too long to use. Ceelox Vault™ is as easy as drag and drop.

Ceelox, a biometric software security company offering identity authentication, and data and email encryption, is working to make the proper software modifications to ensure that Ceelox Vault™ flash drives will interoperate with the new Windows 7 operating system. "This will offer our customers increased flexibility by allowing the flash drive to interoperate with XP, Vista, and Windows 7 and giving Ceelox access to the sizeable, multi-billion dollar Windows desktop market. In addition, the user will experience reduced costs and enable them to store encrypted files and folders without fear of exposure to risk while migrating between operating platforms," said Gerry Euston, Ceelox Chief Executive Officer.

About Nicaragua Rising, Inc.

Nicaragua Rising, Inc., through its majority-owned operating subsidiary, Ceelox, Inc., is a developer of biometric security and encryption software solutions for financial institutions, healthcare companies, utilities, government agencies and other organizations for whom information access are key concerns. Its security and encryption tools are easy to deploy, simple to use, cost-effective and affordable for organizations of all sizes. 

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This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in our Form 8-K filed with the Securities and Exchange Commission on February 12, 2010 and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

For more information visit our website at www.ceelox.com

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