Wave Systems Corp. (fka WAVXQ)

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19AM Wave to Host Q3 Webcast/Conference Call Tuesday, October 26th at 4:30 P.M. EDT
LEE, Mass., Oct 21, 2004 (BUSINESS WIRE) -- Wave Systems Corp. (Nasdaq: WAVX)
announced today that on Tuesday, October 26, 2004 at 4:30 P.M. EDT it will host
a webcast/conference call reviewing recent corporate and industry progress as
well as Wave's results for the third quarter ended September 30, 2004. Wave's
results will be issued after the market's close.

WEBCAST/REPLAY: available at http://www.wave.com and archived for
30 days.

TELEPHONE: via 212-271-4560 or 415-537-1970. Please call five
minutes in advance.

About Wave Systems

Consumers and businesses are demanding a computing environment that is more
trusted, private, safe and secure. Wave is the leader in delivering trusted
computing applications and services with advanced products, infrastructure and
solutions across multiple trusted platforms from a variety of vendors. Wave
holds a portfolio of significant fundamental patents in security and e-commerce
applications and employs some of the world's leading security systems architects
and engineers. For more information about Wave, visit http://www.wave.com.