Proginet Corp. (fka PRGF)

[di4]

Proginet Delivers Advanced Managed File Transfer Suite for Government
Compliance with FIPS 140-2 Broadens Market for CyberFusion Integration Suite
May 11, 2009 11:42:00 AM
Copyright Business Wire 2009


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View Additional ProfilesGARDEN CITY, N.Y.--(BUSINESS WIRE)-- Proginet Corporation (OTCBB: PRGF), a world leader in multi-platform file transfer solutions, today announced that CyberFusion Integration Suite (CFI)(R), the Company's flagship solution for advanced managed file transfer, is now FIPS 140-2 compliant and generally available. CFI 6.5 meets the Federal Information Processing Standards and can now be selected and deployed by government agencies and their commercial and institutional business partners.

FIPS 140-2 is a Government standard that specifies the security requirements that will be satisfied by a cryptographic module utilized within a security system protecting sensitive but unclassified information. The National Institute of Standards and Technology (NIST) issued the 140 Publication Series to coordinate the requirements and standards for cryptographic modules which include both hardware and software components for use by departments and agencies of the United States federal government. Proginet states that it has embedded NIST Certified FIPS 140-2 Modules in the CFI Suite in accordance with the Security Policies associated with each of the certified FIPS 140-2 modules, and in conformance with CMVP Implementation Guidance guidelines.

"Government is an important market for Proginet and one in which we believe we can compete successfully," stated Jack Gazzola, Proginet's Vice President of Sales. "At the end of our last fiscal year, we announced a $900,000 software license agreement with a large U.S. federal agency. Since then, we've seen an upsurge of interest in our solutions from a range of government entities and their business partners. By achieving FIPS compliance, we will be able to compete in this marketplace and hopefully capitalize on this interest," he concluded.

"While economic factors are impacting everybody, federal IT budgets tend not to be as volatile as those of commercial businesses," added Kevin Bohan, Proginet's Chief Information Officer. This is good in a tough economy and Government is a market we should be able to do well in. There seems to be widespread recognition among federal CIOs and their peers that modernizing their IT infrastructures can lead to improved performance and reduced overall costs. This includes building enterprise architectures and creating technology standards. CFI is a natural fit for these kinds of modernization scenarios."

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About Proginet Corporation

Proginet Corporation offers universal, multi-platform software solutions for fast, secure, and inexpensive file transfers both inside and outside the enterprise. Hundreds of companies worldwide rely on Proginet's CyberFusion Integration Suite (CFI)(R) and SlingshotTM solutions to conduct business more efficiently while protecting customer data and limiting the risks associated with sharing proprietary information with partners and colleagues around the globe. With over 20 years of experience in the managed file transfer arena, Proginet's global customer base spans more than 30 countries and includes many Fortune 500 companies. Headquartered in New York, the Company is publicly traded under the symbol [OTCBB: PRGF]. For more information, visit www.proginet.com.

Disclaimer

This press release may contain forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors under those sections. In some cases, you can identify forward-looking statements by terminology such as "expect," "believe," "may," "will," "plans" and "anticipate," or the negative of such terms or comparable terminology. Forward-looking statements appearing herein include statements concerning operating and profitability plans and goals and are based on current expectations.

The matters discussed in this press release also involve risks and uncertainties described from time to time in documents filed with the Securities and Exchange Commission, including but not limited to Form 10-KSBs, Form 10-QSBs, Form SB2's and Form 8-Ks (www.sec.gov).




Source: Proginet Corporation


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