LOS ANGELES, Calif., Jan. 23, 2006 (PRIMEZONE) -- CipherPass Corporation (Pink Sheets:CPHC) announces that Mr. David R. Goddard has joined the board of directors effective immediately. Mr. Goddard was recently appointed CEO of FutureVest, Inc. (Pink Sheets:FTVT), which has CipherPass in its Venture Investment Portfolio.
Mr. Goddard recently commented, "I'm extremely excited about joining the CipherPass Board, which will allow me to bring my Wall Street experience to this young dynamic growing company, and assist CEO, Mr. Glen Day as he advances CipherPass to the highest level possible. CipherPass embodies the investment philosophy of FutureVest as a dynamic company with an excellent management team providing scaleable business solutions to their customers. Their C-Suite security products enable secure business transactions in the fast growing financial and health care sectors. This in turn will allow their customers to finally be in compliance with all state and federal mandates for security and privacy over the Internet."
Mr. Goddard formerly held the position of Senior Managing Director of Global Private Equity Capital Markets for Bear Stearns & Co. in NYC and prior to that held Managing Director of Private Placements at BancBoston Robertson Stephens and Chase Securities. Mr. Goddard began his Wall Street career in the placement group at B.A. Securities.
Mr. Goddard is a graduate from St. Lawrence University with a Bachelors degree in English. He holds an MBA in Finance from New York University.
About CipherPass Corporation
CipherPass Corporation (CipherPass) is a digital security technology company that provides enterprise-class security solutions. Through its product and service portfolio, CipherPass enables businesses to securely share sensitive or confidential electronic information among internal staff, as well as with their business associates and customers. CipherPass' C-suite security solution helps to simplify the process of users securing and sending private digital data within files and emails. C-suite is an effective solution for addressing companies' privacy and security compliance initiatives for HIPAA, Sarbanes-Oxley, GLBA and SB1386.
CipherPass is a FutureVest, Inc. (Pink Sheets:FTVT) portfolio investment (www.FutureVest.com).
Statements in this release are "forward-looking statements." Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, acceptance of the company's products, significant levels of competition for the company and dependence on the performance of the management of the company.