SOURCE: Citadel Security Software

July 29, 2005 15:36 ET

Citadel Security Software's CEO to Present at America's Growth Capital 2nd Annual Growth Conference

DALLAS, TX -- (MARKET WIRE) -- July 29, 2005 -- Citadel Security Software Inc. (NASDAQ: CDSS), a leader in enterprise vulnerability management and policy enforcement solutions, announced today that its CEO, Steve Solomon, is scheduled to present at America's Growth Capital 2nd Annual Growth Conference. Solomon will present on Monday, August 1, 2005 at 3:30 p.m. EDT in the Suffolk Room. The invitation-only event will be held Monday, August 1, from 8:30 a.m. to 5:00 p.m. EDT at the Boston Marriott Copley Place, 110 Huntington Avenue, Boston, Massachusetts. To register for the webcast of the event, visit http://www.wsw.com/webcast/agc2/cdss/.

America's Growth Capital 2nd Annual Growth Conference is a one-day event featuring panel discussions, management interviews, company presentations and one-on-one meetings with institutional investors. For more information on the conference, visit America's Growth Capital online at www.americasgc.com.

About America's Growth Capital

America's Growth Capital is a national, emerging growth focused, research, trading and investment banking firm founded by seasoned growth sector specialists with experience at leading boutique and bulge bracket investment banks. The firm's strategy, business model and ownership structure are tailored for today's dynamic and competitive emerging growth capital markets. Key elements of this model include a No Ratings research methodology based on deep sector knowledge, dedicated banking efforts highlighted by consistent senior-level advice, and sector-focused sales and trading resources. The company's full range of services focuses exclusively on emerging growth sectors, including technology, business services, software, semiconductors and soon, healthcare. For more information, visit www.americasgc.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 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.

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