SOURCE: Citadel Security Software

June 23, 2005 08:00 ET

Citadel Security Software to Present at Global Security Consortium 2005 June Summit

Vice President Government Affairs and Corporate Development Robert Dix to Present on Identity Theft and Anti-Phishing

DALLAS, TX -- (MARKET WIRE) -- June 23, 2005 -- Citadel Security Software (NASDAQ: CDSS)

Who:       Moderator:    Steve Bowsher, InterWest Partners
           Panelists:    Robert B. Dix, Jr., VP Government Affairs &
                          Corporate Development, Citadel Security Software
                         Michal Tsur, Co-Founder, Cyota
                         Mary Ann Davidson, Chief Security Officer, Oracle
                         Ravi Sandhu, Co-Founder and Chief Scientist,
                          TriCipher
                         C. David Moll, CEO, Webroot Software

What:      Leading security experts participate in a panel discussion on
           identity theft and anti-phishing.

           Global Security Consortium, Inc. (GSC) is a broadbased industry
           consortium whose mission is to enhance U.S. and global security
           by developing and managing public-private partnerships. GSC has
           developed a program whose aim is to accelerate the application
           and integration of innovative technology from the venture
           capital community, and the optimization of large technology
           platforms, to enhance security for government and industry.

           The 2005 June Summit brings together federal agencies, venture
           capital funds and their portfolio companies, technology platform
           vendors and integrators to address security-related challenges,
           opportunities and programs within Federal Agencies. The program
           features strategy panels on software assurance, data protection,
           identity theft and anti-phishing, intrusion prevention, security
           applications of biometrics and nanotechnology and opportunities
           for an integrated security architecture.

Where:     Global Security Consortium 2005 June Summit,
           The Fairmont Washington, D.C. Hotel, Washington, D.C.

When:      Thursday, June 23, 2005, 10:30 to 11:30 am

Title:     Panel: Identity Theft and Anti-Phishing

Abstract:  Robert (Bob) Dix is the former staff director for the House
           Subcommittee on Technology, Information Technology,
           Intergovernmental Relations, and the Census, where he worked
           with Chairman Adam Putnam and Committee on Government Reform
           Chairman Tom Davis. In this session, he will discuss the
           challenges of identity theft and anti-phishing and the
           importance of combating these security challenges to protect
           our nation's critical infrastructures.
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 March 31, 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

Contact Information

  • Contact:
    Laura Sellers
    Citadel Security Software Inc.
    (214) 234-2504
    Email Contact