SFNT Safenet (MM)

SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that the NASDAQ Listing Qualifications Panel recently informed the Company that it has determined to continue the listing of SafeNet�s shares until January 31, 2007 by which time the Company is to file its Forms 10-Q for the fiscal quarters ended June 30, 2006 and September 30, 2006, and any required restatements. This work continues. The Company had scheduled an informal meeting for members of the investment community to discuss 2007 for Friday, December 8th, which it has determined will be rescheduled to correspond with the timing of the filing of the restatements, allowing management to answer the many expected questions, review the significant issues disclosed therein as well as focus on 2007. The Company also intends to issue additional financial guidance by this same time period. Walter Straub, SafeNet�s Chairman and Interim CEO commented, �We continue to make significant progress in this complex effort and believe we are nearing the end of the restatement process. While we understand this late rescheduling of the investor meeting may be an inconvenience, we believe significantly more value will be derived from this event if we reschedule for a time when we can speak in detail not only about 2007 but also review in detail and answer questions about restatements once they are filed.� Mr. Straub continued, �Since assuming my role about five weeks ago, we have participated in a number of investor conferences and meetings. Business continues to track as we have previously communicated and we look forward to being able to focus on developments, trends and expectations as soon as possible.� About SafeNet, Inc. SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi, Bank of America, Adobe, Cisco Systems, Microsoft, Samsung, Texas Instruments, the U.S. Departments of Defense and Homeland Security, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in Eracom technologies AG and SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission and neither company assumes any obligation to update information concerning its expectations.