CITN - MICROSOFT AND COMPAQ CHECKING THEM OUT - Looks like a good longer term play:
Company Press Release
Microsoft Invites Citadel Technology to Feature WinShield 2.15 and FolderBolt 3.0 At Microsoft Theater in the 1998 National Education Computing Conference, June 22-24
Citadel to Give Away WinShield Site Licenses' for Up to 250 Users In Sweepstakes Via Website and Booth Sign-Up
DALLAS--(BUSINESS WIRE)--June 2, 1998-- Citadel Technology, Inc. (OTC BB: CITN - news) aligns with Microsoft (NASDAQ: MSFT - news) to showcase WinShield 2.1 and FolderBolt at the 1998 National Education Computing Conference (NECC) in San Diego.
WinShield 2.15 is the first desktop and configuration protection software designed exclusively for Windows '95(R) and NT(R). WinShield allows education administrators to assign various levels of access, providing unlimited flexibility in defining desktop control and security on shared systems. FolderBolt simplifies the task of securing and encrypting file folders and is the perfect is the perfect data security product that protects data in a shared computing environment, preventing access to data on unattended machines, and securing confidential data that is stored on removable media such as Iomega Zip(R), Jaz(R), SyQuest, LS-120, and floppies.
The NECC will be held from June 22 - 24, 1998. Citadel Technology product will be displayed at the Microsoft Booth No. 1014, and Citadel will be presenting at the Microsoft theater on Wednesday, June 24th. Citadel will also sponsor and host the conference break on Tuesday, June 23 at 2:30 PM. At this time, product samples will be on display and given away.
Citadel President and CEO Steve Solomon said, ''This the second time that Microsoft has invited us to present our product in their theater. This endorsement by such an industry leader validates the fact that Citadel is setting the standard for desktop management security software for the education market.'' Solomon continued, ''We believe that using WinShield for Networks greatly reduces problems caused by deliberate or accidental changes to the workstation settings and configuration. Folderbolt will fit into the expanding education market providing a leading edge data security and encryption product for both Windows 95 and Windows NT platform. This helps the school system lower overall operating and management expenses by reducing the demand on in-house support and help desk resources.''
Citadel will draw a Grand Prize, of a WinShield 2.15, one school site license for up to 250 users. To be eligible to win, entrants can register either with Citadel at booth No. 1102 or via Citadel's web site, www.citadel.com beginning today. Winning entries will be selected at the close of the NECC conference on Wednesday, June 24, 1998 and need not be present to win. The final day for registration via the web-site is midnight on Thursday, June 18, 1998. In addition, all entrants may visit the Citadel website at www.citadel.com to download a free 30-day trial of WinShield 2.15.
WinShield Network 3.0 offers support for Novell NetWare and Microsoft(tm) NT Server networks and for Windows 95 and NT workstations. It is installed and administered centrally from any Windows 95 or Windows NT network workstation.
With WinShield for Networks, education administrators can assign different security levels, called profiles, to students, teachers and administrators alike, providing unlimited flexibility in defining the school system's security policy. WinShield for Networks applies the appropriate user security to any network computer the user logs on to. The installation and configuration of WinShield across your network workstations is made easier using Citadel's centralized administrator program. WinShield for Networks prevents changes to system settings such as desktop appearance, Control Panels utilities, hardware drivers, addition and deletion of printers, registry editing tools, performance settings, etc. These tools provide the best combination of features to help reduce the number of problems that generate the majority of technical support and repair calls. Administrators can configure which applications users can access by shielding specific desktop program icons, ''Start Menu'' shortcuts, access to the DOS prompt or DOS applications and access to the ''Find'' command providing an additional level of security and simplifying the users desktop. To prevent the installation of unauthorized software, the administrator can restrict the use of the ''Run'' command, and access to the floppy drive, CD ROM, and the Internet.
WinShield and FolderBolt support Windows '95 and Windows NT. Windows '95 and NT are registered trademarks of Microsoft.
For more information on Citadel Technology products, visit the Company's homepage at citadel.com. The releases are also available in hard copy at no charge through The Investor Relations Group at 212.664.8489.
Citadel Technology Inc. is a developer and marketer of computer software products including security and management utilities for networks and personal computers. The Company's products are designed to secure and manage personal computers (PCs) and local area networks (LANs) and enable network administrators to more efficiently manage the networks. Company products are designed to reduce client costs, improve the accuracy of clients' information, maintain the operation of the network, secure the network from fraud or unauthorized use, and generally enable the administrator to devote more time to improving service to the network rather than focusing on operational details.
The above statements are not strictly historical facts and include forward looking statements that involve a number of risks and uncertainties. The actual results of the future events described in such forward-looking statements could differ materially as a result of, among other things, the following: integration of acquired technology and companies, transition of selling and distribution methods, consolidation of operations into the Company's Dallas offices, the availability of capital on terms acceptable to the Company, general economic conditions, competition, the market for the network software products, software development costs and possible future litigation, as well as the risks and uncertainties discussed in the Company's public reports and filings and public statements. ------------------------------------------------------------------------ Contact: Citadel Technology, Dallas Steve Solomon, 214/520-9292 or Media and Investor Contact: The Investor Relations Group, New York Dian Griesel, Ph.D., 212/664-8489
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