EXBX Exobox Technologies Corp (CE)

Exobox Technologies Corp. (OTCBB: EXBX) announced today that it has started working on the next version of its flagship product, ExoDetect, and its companion product, ExoWatch. The goal is to make the products more stable, allowing the company to serve more clients in a timely fashion. This version will also improve the results and add text analytics capabilities.

The effort is led by CTO, Mark Kerzner, and his team, which enhances Exobox's development capabilities. In the past few months, while working as a consultant to Exobox, Mark has ported the ExoDetect to the Amazon Cloud, and it was this effort that was instrumental in Gartner's designation of Exobox as a "Cool Cloud Security Vendor" in April of this year. In addition, cloud computing offers many conveniences for software developers, and makes the computing capacity elastic (hence the name Elastic Compute Cloud, or EC2), while keeping the expenses low, paying only for the resources one uses. Based on these advantages, the Exobox is able to undertake the development with internal financing.

To sharpen its development effort, Exobox is engaging the help of outside security consultants, who provide investigative services to their clients, and who can translate their experiences into further improvements for Exobox clients.

Mark expressed his view: "Cloud computing offers Exobox a tremendous advantage. With just a credit card, it gives us the computing capacity that can be scaled up on demand, to be equal to that of a large computing center. It also allows my programming team, which is spread around the world, to connect and use the same environment, as if we all were in one office." Norm Smith, CEO, says, "This effort further reflects the company's new 'lean and mean philosophy.' We have cut expenses to the bone, and the cloud computing technology allows us to keep it this way. It also allows us to pass the savings to our customers."

About Exobox

Exobox Technologies Corp. develops information risk management and security solutions that help organizations protect and recover their most valuable information assets. It is committed to its vision to create a more secure environment for the information-centric community through the development of new technologies and security services. Exobox is headquartered in Houston, Texas. For more information on Exobox, contact sara.gellatly@exobox.com.