Privacy NETworks Raises First Round, Led By Aweida Venture Partners

Privacy NETworks, Inc. announced today that they have raised $2.4 million in their first round of funding led by Aweida Venture Partners. Jesse Aweida, Managing Partner, Aweida Venture Partners, is the founder of StorageTek.

Ft. Collins, CO (PRWEB) October 3, 2005

Privacy NETworks, Inc. announced today that they have raised $2.4 million in their first round of financing led by Aweida Venture Partners. Privacy NETworks offers a complete front-to-back secure email suite, Internet Communications Security Suite, ICSS that includes archiving, encryption, anti-spam with integrated anti-virus, and mobile email.

“Companies are spending billions of dollars to protect their networks from the constant barrage of Spam, Virus, Worm, Phishing and Data Sniffing attacks,” said Jesse Aweida, General Partner of Aweida Venture Partners and founder of StorageTek. “Additionally, they have no idea of how much of their intellectual property, proprietary, and confidential information is leaving the company unsecured or unauthorized. We have been studying this segment of the market and have been looking for a company that completely understands the issues. We believe that Privacy NETworks will emerge as a dominate player in enabling secure email communications,” continued Aweida.

ICSS from Privacy NETworks is available in separate modules, as an integrated suite of software, in security appliances or as a managed service offering.

Components of ICSS include:

•PrivacyPost – the popular, server-based Anti-Spam and Anti-Virus engine.

•PrivacyMobile – the mobile extension to PrivacyPost that allows users to utilize their existing mobile devices, such as cell phones and PDAs to receive email.

•PrivacyLock – provides automatic encryption and decryption of email where secure communications are dictated by corporate policy or Federal regulations such as HIPAA.

•PrivacyVault – automatically archives incoming and outgoing messages for audit, discovery, and compliance for regulatory purposes such as HIPAA and Sarbanes-Oxley.

"We couldn’t ask for a better partner as an investor and advisor than Aweida Venture Partners,” stated Todd Massey, CEO of Privacy NETworks. “The Aweida team really understands the security space and have already made significant contributions to our strategic development and marketing plans.”

About Privacy NETworks

Privacy NETworks is a Fort Collins, Colorado, based Software Company that provides solutions to help companies and individuals establish and maintain the privacy, security and integrity of their Internet communications. For additional information, visit http://www.privacynetworks.com.

About Aweida Venture Partners

Aweida Venture Partners is a venture capital firm located in Superior, Colorado which provides financing for early stage companies in the Information Technology, Software, and Life sciences industries. For additional information, visit http://www.aweida.com

Contact: John Stark,

(970) 224-2339 extension 304

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