SOURCE: Citadel Security Software

April 12, 2005 07:00 ET

Citadel Security Software CTO Named One of InfoWorld's Top 25 Chief Technology Officers for 2005

Carl Banzhof Recognized for His Vision and Leadership in Developing Hercules, Citadel's Enterprise Vulnerability Management Solution

DALLAS, TX -- (MARKET WIRE) -- April 12, 2005 -- Citadel Security Software Inc. (NASDAQ: CDSS), a leader in enterprise vulnerability management and policy enforcement solutions, announced today that the company's CTO, Carl Banzhof, has been selected by InfoWorld as one of the top 25 Chief Technology Officers for 2005. The award honors "the 25 most influential" individuals holding the CTO position and recognizes their vision and efforts to cultivate new technologies that benefit their companies and the IT industry. A special InfoWorld report, titled "The CTO of the Year Awards," appears in the April 11 edition of InfoWorld and is also available at www.infoworld.com/2701.

As CTO of Citadel Security Software, Banzhof is the visionary influence behind the company's award-winning security product, orchestrating the creation of a comprehensive Automated Vulnerability Remediation (AVR) solution and an active library of more than 20,000 remedies. Citadel's award-winning software, Hercules, is a proven enterprise solution that provides a consistent and repeatable process to audit, remediate, verify and report on IT security status.

"It is truly an honor to be recognized among the most influential chief technology officers in the IT industry," said Carl Banzhof, CTO of Citadel Security Software. "It is gratifying to see that the technology vision we formulated four years ago become a reality and validated through this prestigious award, product accolades and customer success."

Each year, InfoWorld honors IT executives who have shown leadership both inside and outside of their companies. Nominations are reviewed by the InfoWorld CTO Advisory Council, which makes recommendations to InfoWorld editors for final selection. For more information about InfoWorld's awards programs, visit http://www.infoworld.com/awards.

"Technology leadership requires technology vision and expertise," said Steve Fox, InfoWorld editor in chief. "This year's CTO 25 award winners continue to utilize cutting-edge technologies to improve their businesses."

About Citadel

Citadel Security Software Inc., a leader in enterprise vulnerability management solutions powered by AVR technology, helps enterprises effectively neutralize security vulnerabilities. Citadel's patent-pending, Common Criteria EAL 3 certified Hercules® technology provides users with full control over the automated remediation process, enabling efficient aggregation, prioritization and resolution of vulnerabilities detected by industry-standard vulnerability assessment tools. SecurePC™ and NetOFF™ products enable companies to enforce security policies from a single point of control. Citadel's solutions enable organizations to ensure the confidentiality of information, reduce the time and costs associated with the inefficient manual remediation process, and facilitate compliance with organizational security policies and government mandates such as FISMA, HIPAA and Gramm-Leach-Bliley legislation. For more information on Citadel, visit www.citadel.com, or contact the company at (214) 520-9292.

About InfoWorld Media Group

For 25 years, InfoWorld Media Group has provided cutting-edge coverage and evaluation of IT products and services for technology experts in senior management. Through integrated channels, including print, online, events, and demand generation, InfoWorld reaches the most influential senior-level information technologists -- those who drive their enterprise's strategies and technology purchases. Powered by a continued investment in an independent Test Center, InfoWorld analysts and editors provide both hands-on analysis and evaluation, as well as expert commentary on issues surrounding emerging technologies and products. Visit InfoWorld at www.infoworld.com.

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. 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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