| [August 25, 2004] |
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Citadel Security Software Ranks No. 4 on Titan Fast 50 List at Tech Titans Awards 2004
DALLAS --(Business Wire)-- Aug. 25, 2004 -- Company Receives Recognition as Fourth Fastest Growing Technology Company in the DFW Metroplex
Citadel Security Software Inc. (Nasdaq:CDSS), a leader in full life cycle vulnerability management and policy enforcement solutions, announced today that the company was recognized as the fourth fastest growing technology company in the DFW Metroplex in the one-year category. The Tech Titans Awards 2004 are presented by the Metroplex Technology Business Council, and the Titan Fast 50 is an annual recognition of the fifty fastest growing technology companies in the DFW Metroplex. The ranking is based on percentage of revenue growth over five years and one year. The list is comprised of 25 five-year companies and 25 one-year companies and companies that qualify must own proprietary technology.
"The Titan Fast 50 Awards celebrates the DFW area technology successes by honoring 50 of the fastest growing technology companies, and we are proud to be among the companies recognized," said Steve Solomon, CEO of Citadel Security Software. "Being the fourth fastest growing technology company in the Metroplex for the year 2003 is a great achievement for us. We look forward to continuing to build Citadel from our headquarters in North Texas."
About Citadel
Citadel Security Software Inc., a leader in full life cycle vulnerability management solutions powered by AVR technology, helps enterprises effectively neutralize security vulnerabilities. Citadel's patent-pending, Common Criteria EAL 3 certified Hercules(R) technology provides users with full control over the automated remediation process, enabling efficient aggregation, prioritization and resolution of vulnerabilities detected by industry-standard vulnerability assessment tools. SecurePC(TM) and NetOFF(TM) products enable companies to enforce security policies from a single point of control. Citadel's solutions enable organizations to ensure the confidentiality of information, reduce the time and costs associated with the inefficient manual remediation process, and facilitate compliance with organizational security policies and government mandates such as FISMA, HIPAA and Gramm-Leach-Bliley legislation. For more information on Citadel, visit www.citadel.com, or contact the company at (214) 520-9292.
Safe Harbor/Forward-looking Statements:
This press release may contain forward-looking statements that are intended to be subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or future financial performance and involve known and unknown risks and uncertainties that may cause actual results or performance to be materially different from those indicated by any forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "forecast," "may," "will," "could," "should," "anticipate," "expect," "plan," "believe," "potential" or other similar words indicating future events or contingencies. Some of the things that could cause actual results to differ from expectations are: the current economic and geopolitical environment; current information technology spending trends; the uncertainty of funding of government information technology security projects; a lack of Citadel operating history; uncertainty of product acceptance; uncertainty of ability to compete effectively in a new market; the uncertainty of profitability and cash flow of Citadel; intellectual property rights and dependence on key personnel; economic conditions; the continued impact of terrorist attacks, global instability and potential U.S. military involvement; the competitive environment and other trends in the company's industry; changes in laws and regulations; changes in the company's business plans; interest rates and the availability of financing; liability and other claims asserted against the company; labor disputes; the company's ability to attract and retain qualified personnel; and inflation. For a discussion of these and other risk factors, see the company's Annual Report on Form 10-KSB for the year ended December 31, 2003 and its Quarterly Report on Form 10-QSB for the quarter ended June 30, 2004. All of the forward-looking statements are qualified in their entirety by reference to the risk factors discussed therein. These risk factors may not be exhaustive. The company operates in a continually changing business environment, and new risk factors emerge from time to time. Management cannot predict such new risk factors, nor can it assess the impact, if any, of such new risk factors on the company's business or events described in any forward-looking statements. The company disclaims any obligation to publicly update or revise any forward-looking statements after the date of this report to conform them to actual results.
Editors Note: Citadel is a trademark and Hercules is a registered trademark of Citadel Security Software Inc.
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