Press Release

ELAD YORAN TO JOIN KOOLSPAN BOARD OF DIRECTORS

Former executive director at MediaSentry, co-founder of Riptech, Yoran will continue to deliver strategic counsel and guidance to KoolSpan management for increased growth and market penetration.

Bethesda, Md., Nov. 30, 2006 - KoolSpan, Inc., the Information Security industry's leading innovator of embeddable security technology for network-aware devices, today announced that Information Security industry veteran Elad Yoran, founder and CEO of New York City-based Security Growth Partners (SGP), will join the KoolSpan board of directors. Mr. Yoran joins the board following KoolSpan's recent receipt of $6.5 million in equity financing, led by SGP.

Prior to founding SGP, Mr. Yoran served as Executive Director at MediaSentry, the leading provider of Anti-Piracy technology services to the motion picture, music, video game and software industries. MediaSentry was sold to Safenet, Inc. (NASDAQ: SFNT) for more than $20 million in June 2005. Before MediaSentry, he co-founded, managed, and led Riptech, Inc., a leading managed security services provider acquired by Symantec Corporation (NASDAQ: "SYMC") for $145 million in 2002.

Mr. Yoran is a pioneer and a recognized expert in the security industry. He authored the Internet Security Threat Report, which was cited in briefings to the United States Congress. He also is a regular speaker at key industry events and has been quoted in various media outlets, including Associated Press, Reuters, USA Today, The Wall Street Journal, and The Washington Post. Mr. Yoran also has appeared on ABC News, BBC, CNN, and other prominent news media networks. Mr. Yoran was recognized for his success by Ernst & Young, earning its "Entrepreneur of the Year" award in 2001. 

Mr. Yoran is a MBA graduate of the Wharton School of the University of Pennsylvania, and holds a Bachelor of Science degree with honors from the United States Military Academy at West Point. He also spent several years as an officer and a paratrooper in the United States Army and is a veteran of Operation Restore Hope in Somalia.

"Elad's outstanding industry experience and proven track record of success will support our ongoing efforts to advance KoolSpan technology innovation in the marketplace," said KoolSpan CEO Tony Fascenda. "We are delighted to have Elad join the board, and look forward to his continued insight and guidance as awareness and market penetration for KoolSpan have never been stronger."

KoolSpan is the first company to deliver secure communications technology for data, voice and video that is flexible, cost-effective and easy to use. As reliable as a dial tone, KoolSpan-secured communications work and perform seamlessly. KoolSpan's innovation is based on proven Smart Card technology. Embedded in each side of the link, KoolSpan's Smart Card to Smart Card architecture with mutual authentication and per packet 256-bit AES encryption protects sensitive information without impacting bandwidth utilization or performance.

KoolSpan technology has been rigorously tested and favorably reviewed by top security research organizations in the United States government, as well as many commercial publications. Last month, KoolSpan was profiled by Network World as one of the top ten 'Security Companies to Watch.' In September, KoolSpan scored five stars and topped a group product review of 13 two-factor authentication solutions in SC Magazine, earning the publication's 'SC Recommended' designation. Earlier this year, KoolSpan was short-listed for the Red Herring 100 North America, a prestigious ranking of some of the most innovative marketplace solutions. The company also received glowing reviews in Information Security Magazine and Today, a leading Asian business daily.

To date, the company has more than 20 channel partners and more than 50 customers in seven countries, including several Fortune 500 corporations. 

About KoolSpan, Inc.

Based in Bethesda, Md., KoolSpan effectively and efficiently creates secure communications on any device, wired or wireless. From servers to smart phones, KoolSpan automatically creates secure and trusted connections between any two points on any network, eliminating complexity and cost by always establishing secure Ethernet connections. KoolSpan technology has been heralded as one of the easiest solutions to deploy, allowing local and remote workers to securely connect and communicate. KoolSpan secures networks and critical infrastructure for government agencies, Fortune 1000 companies, and medium-to-small enterprises. To learn more, visit www.koolspan.com or call 240.880.4400.

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All company and product names mentioned may be the trademarks of their respective owners.

KoolSpan Media Contact:
Jim Engineer
e-Rainmaker PR for KoolSpan
630.728.1387 or jim.engineer@e-rainmaker.com

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