SOURCE: Nicaragua Rising, Inc.

September 13, 2010 08:30 ET

Ceelox Announces European Reseller Agreement

TAMPA, FL--(Marketwire - September 13, 2010) -  Ceelox, Inc., a majority-owned operating subsidiary of Nicaragua Rising, Inc. (OTCBB: NCRG), announced today that it recently completed a reseller agreement with a European distributor. The agreement to resell Ceelox' products was reached with Corporate Planning Results S.L. (CPR). Their initial focus will be to resell Ceelox' Vault Flash Drives, which is a portable biometrically-enabled encryption and decryption application for storing files and folders.

"We are very excited to offer Ceelox products internationally," stated Elpidio Sanchez-Marcos, Managing Partner, CPR. Sanchez-Marco went on to say, "Ceelox offers a biometric software solution which provides security for storing sensitive information, allowing us to differentiate our solutions from our competitors."

Gerry Euston, Ceelox's chief executive, offered, "Ceelox is excited to have a distributor outside the US. CPR has already identified several prospects. We believe biometric adoption is even stronger internationally and we are looking forward to supporting this marketing and sales opportunity and building the international channel."

Ceelox Vault™, is unique in that it allows a user to quickly and easily encrypt and decrypt sensitive data with a simple drag and drop, along with the security of a unique fingerprint as the key. When bound to a portable flash memory device or external hard drive, Ceelox Vault™ will allow a user to feel comfortable when transporting sensitive files and folders. When installed on a desktop or laptop Ceelox Vault™ perfectly complements full-disk encryption solutions that otherwise may render removable storage devices "not portable."

About Corporate Planning Results
Corporate Planning Results, S.L. (CPR), a privately held company, was established in Madrid, Spain in 2006. The company headquarters are located in Madrid, Spain and offers sales in Europe as well as Panama, Dominican Republic, and Colombia. CPR's primary customer focus is local governments, banks and retail customers. In the past 18 months the company has expanded into the biometrics market.

About Nicaragua Rising, Inc.
Ceelox is a majority-owned operating subsidiary of Nicaragua Rising, Inc. (OTCBB: NCRG) (the "Company" or "Nicaragua"). 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.

Notice Regarding Forward-Looking Statements
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.

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