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Citadel Security Software Expands Growth in Financial Services Sector with Three New Contracts - Three leading financial services firms, Jack Henry & Associates, Fair Isaac, and Montecito Bank, All Choose Citadel Hercules® Vulnerability Management Solution, to enhance the security of they systems [NASDAQ: CDSS]
Citadel Security Software Expands Growth in Financial Services Sector with Three New Contracts

 

NewswireToday - /newswire/ - Olney, MD, United States, 2006/04/01 - Three leading financial services firms, Jack Henry & Associates, Fair Isaac, and Montecito Bank, All Choose Citadel Hercules® Vulnerability Management Solution, to enhance the security of they systems [NASDAQ: CDSS].

   
 
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Citadel Security Software Inc., a leader in enterprise vulnerability management and policy compliance solutions, announced today that it has received orders from three major financial services firms recently, continuing its growth as a key provider of enterprise vulnerability management for the financial services industry. New contracts include an order from Jack Henry & Associates (NASDAQ: JKHY), a leading provider of integrated computer systems and ATM/debit card/ACH transaction processing for banks and credit unions, with over 8600 customers nationwide.
Fair Isaac Corporation, the leading provider of decision management solutions powered by advanced analytics, has placed an order for Citadel’s flagship product, Hercules, that is valued at approximately $200,000. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Fair Isaac’s FICO® scores are the most used credit bureau scores in the world, available through all of the major consumer reporting agencies in the U.S. and Canada.

Montecito Bank & Trust has been one of the Central Coast’s leading community banks since March 17, 1975, when it first opened its doors as The Bank of Montecito. Growing to over $685 million in assets since those early days, the bank adopted the name Montecito Bank & Trust on February 1, 1996. With branch offices in Santa Barbara, Montecito, Goleta, Carpinteria, and Westlake Village, the bank also owns Valley Oaks Bank in Solvang, has a trust division in Montecito and mortgage banking offices in Santa Barbara, Santa Maria and Solvang. It has continued to receive the designation “Super Premier Performing Bank” for five years running by The Findley Reports, an independent service which rates the financial performance of California banks.

“We are very pleased to work with these outstanding financial services firms. We appreciate that these forward-thinking leaders recognize Citadel’s solution as the best choice for enterprise vulnerability management,” said Steve Solomon, CEO, Citadel Security Software. “We look forward to continuing to grow in the financial services industry, and furthering these important customers’ success in enhancing the security of their systems and minimizing risk.”

About Citadel Security Software Inc.
Citadel Security Software Inc. 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 Department of Veterans Affairs, and within other government and commercial organizations. For more information on Citadel, 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 the potential for adjustments to the amounts in previously presented 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 September 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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Citadel Security Software Expands Growth in Financial Services Sector with Three New Contracts

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