SOURCE: Citadel Security Software

August 22, 2005 07:00 ET

Citadel Adds Monthly Magazine and Interactive Forum to Its Daily Security News Service

2 Minute Warning Now Provides In-Depth Coverage and Analysis of Cyber Security Trends

DALLAS, TX -- (MARKET WIRE) -- August 22, 2005 -- Citadel Security Software Inc. (NASDAQ: CDSS), a leader in enterprise vulnerability management and policy enforcement solutions, today announced the addition of two new features to its Citadel 2 Minute Warning™, a free security news service that helps busy IT and security professionals stay abreast of new vulnerabilities and quickly develop plans to mitigate risk and maintain security compliance. In response to subscriber demand for an in-depth security resource, Citadel will launch an online monthly magazine, featuring articles and information on the latest cyber security trends and issues, as well as an online forum where network security professionals can interact with peers and industry experts.

"Citadel understands that knowledge is power -- especially in the fast-changing security industry -- and we are continuing our efforts to educate public, private and academic organizations about network security best practices," said Steve Solomon, CEO of Citadel Security Software. "With our enhanced 2 Minute Warning offerings, IT and security professionals have a valuable resource to help them stay smart about security threats, keep their data and networks safe, and, ultimately, protect our nation's critical infrastructures from cyber attack."

About Citadel's 2 Minute Warning Offerings

Citadel's 2 Minute Warning - A Daily Security Briefing was introduced in June 2005 following a series of major security breaches at some of the country's leading businesses as a free daily news service with up-to-the-minute threat alerts, recommended actions to thwart attacks, and headline news in a radio-style broadcast designed for both upper management and technical audiences. Citadel also makes co-branded versions of the daily briefing available to organizations that want to provide the information via their intranets or extranets.

"Citadel's daily 2 Minute Warning proved to be such a valuable tool in helping us quickly disseminate security information that we joined efforts with Citadel to provide the service to our ever-growing membership of more than 1,700 financial services institutions," said Suzanne Gorman, the Financial Services / Information Sharing and Analysis Center (FS/ISAC) Chairman. "By providing Citadel's daily news service in our own secure portal, we are able to provide the financial services sector with up-to-the-minute information about the ever-widening range of exploitable vulnerabilities, promote the aggressive implementation of security measures, and minimize the damage caused by security exploits."

To complement the daily news briefings, Citadel will release the inaugural 2 Minute Warning - Monthly Edition magazine and interactive forum at the end of August. The first issue will focus on the threats that Instant Messaging (IM) pose to corporate security. Future issues will address the state of data privacy at public and private universities, tips for securing a mobile enterprise, and other business-focused topics. Citadel's CTO, Carl Banzhof, will contribute a monthly column with insights, observations and practical advice to help readers identify and eliminate vulnerabilities from their networks before they can be exploited. Banzhof and other security industry experts will participate in extended discussions throughout the month via Citadel's online forum, addressing individual questions about specific network environments.

"Citadel has a long track record of success collaborating with experts in various fields across the security and compliance industries," said Banzhof. "We extend an open invitation to our friends in the public, private and academic sectors to contribute to the 2 Minute Warning community. Together, our wealth of knowledge will help to prevent the cyber attacks that threaten computer networks in organizations across the country."

Citadel's 2 Minute Warning offerings are available as a free subscription service to security, IT and business professionals in commercial enterprises and government organizations. Existing 2 Minute Warning subscribers will automatically receive the monthly edition. Existing and new subscribers to Citadel's 2 Minute Warning are eligible to participate in the online forum. Interested parties may visit http://www.Citadel.com/2MinuteWarning for more information or to subscribe to the service.

About FS/ISAC

The mission of the Financial Services Information Sharing and Analysis Centers Council (FS/ISAC) is to improve the cyber and physical security of the financial services critical infrastructure by establishing and maintaining a framework for valuable interaction between its 1,700+ member organizations. For further information, visit http://www.fsisac.com.

About Citadel

Citadel Security Software (NASDAQ: CDSS) delivers security solutions that enable organizations to manage risk, reduce threats and enforce compliance with security policies and regulations. Citadel's proven architecture provides a business process to manage the increasing volume, frequency and complexity of cyber security attacks. Citadel combines the world's largest active library of remediations spanning all classes of vulnerabilities with a proven delivery methodology to dramatically streamline vulnerability management and security compliance and provide ROI from the first use. Citadel solutions are used across the Department of Defense, at the Veterans Administration, and within other government and commercial organizations. For more information on Citadel, visit www.citadel.com, or call 888-8CITADEL.

Safe Harbor/Forward-looking Statements:

This press release may contain forward-looking statements that are intended to be subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or future financial performance and involve known and unknown risks and uncertainties that may cause actual results or performance to be materially different from those indicated by any forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "forecast," "may," "will," "could," "should," "anticipate," "expect," "plan," "believe," "potential" or other similar words indicating future events or contingencies. Some of the things that could cause actual results to differ from expectations are: the economic and geopolitical environment; changes in the information technology spending trends; the uncertainty of funding of government and corporate information technology security projects; the variability of the product sales cycle, including longer sales cycles for government and large commercial contracts; the uncertainty that the company's prospective deals will result in final contracts; the potential changes in the buying decision makers during a customer purchasing cycle; the complexities in scope and timing for finalization of contracts; the fluctuations in product delivery schedules; a lack of Citadel operating history; uncertainty of product development and acceptance; uncertainty of ability to compete effectively in a new market; the uncertainty of profitability and cash flow of Citadel; intellectual property rights and dependence on key personnel; economic conditions; the continued impact of terrorist attacks, global instability and potential U.S. military involvement; the competitive environment and other trends in the company's industry; the effects of inflation; changes in laws and regulations; changes in the company's business plans, including shifts to new pricing models that may cause delays in licenses; interest rates and the availability of financing; liability, legal and other claims asserted against the company; labor disputes; the company's ability to attract and retain qualified personnel; and adjustments to the amounts presented in the unaudited financial tables as a result of the completion of the audit process. For a discussion of these and other risk factors, see the company's Annual Report on Form 10-KSB for the year ended December 31, 2004, and the company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2005. All of the forward-looking statements are qualified in their entirety by reference to the risk factors discussed therein. These risk factors may not be exhaustive. The company operates in a continually changing business environment, and new risk factors emerge from time to time. Management cannot predict such new risk factors, nor can it assess the impact, if any, of such new risk factors on the company's business or events described in any forward-looking statements. The company disclaims any obligation to publicly update or revise any forward-looking statements after the date of this report to conform them to actual results.

Editors Note: Citadel is a trademark and Hercules® is a registered trademark of Citadel Security Software.

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