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Press Release

CoreStreet President Named 2004 Infoworld Innovator

Phil Libin Recognized for Groundbreaking Real Time Credentials Technology

Cambridge, Mass. (May 28, 2004)

InfoWorld Magazine has named CoreStreet President Phil Libin a “2004 Innovator” for his vision, expertise and leadership in the area of secure validation. The magazine’s editors recognized Libin and CoreStreet, a leading provider of validation solutions for identity management and access control, for directing the future of enterprise technology through the creation of the Real Time Credentials Validation Authority (RTC VA), which enables ubiquitous, scalable validation in real time.

The InfoWorld Innovators awards honor technology leaders whose work, creations and ideas have changed the way people look at technology and have had a significant impact on the evolution of the tech world. The 2004 Innovators were open to outside nominations and recipients were selected by senior editorial staff at InfoWorld. Libin was one of twelve recipients, including such notable technology influencers as Miguel de Icaza of Ximian (Novell), David Perlmutter of Intel and Norman Rohrer of IBM.

“I am honored be named an InfoWorld Innovator for 2004 and to be in the company of other prestigious IT leaders,” said Phil Libin, president of CoreStreet. “Everyone at CoreStreet has helped to contribute to the development of this groundbreaking technology and we’re all very excited to be recognized for our work.”

Libin is an entrepreneur and thought leader. His writings can be found in publications and on websites across the technology landscape. Libin is also the author of a popular Weblog on security issues. Visit www.vastlyimportant.com for more information.

About CoreStreet

CoreStreet is the only provider of massively scalable validation products for identity management and access control. With CoreStreet’s Real Time Credentials™, organizations can control physical and logical access to buildings, computer networks, applications and devices.

Real Time Credentials solutions can be deployed anywhere in the world - in connected and disconnected environments - without having to set up costly and vulnerable infrastructure. CoreStreet’s products are designed to secure large, mission-critical applications for military, civilian government, financial services and healthcare customers. The company, headquartered in Cambridge, Mass., holds 14 patents with more pending. For more information, visit www.corestreet.com.

About InfoWorld Innovators Awards

The InfoWorld Innovators awards honor top technology innovators whose work, creations, and ideas have changed the way we look at technology and have had a significant impact on the evolution of the tech world. Each year InfoWorld also honors several up-and-coming leaders as Ones to Watch, as well as adding to our Innovators Hall of Fame. Innovators selections are made by the InfoWorld senior editorial staff. Open to outside nomination .

About InfoWorld Media Group

For 25 years, InfoWorld Media Group has provided cutting-edge coverage and evaluation of IT products and services for technology experts in senior management. Through integrated channels including print, online, events and demand generation, InfoWorld reaches the most influential senior-level information technologists -- those who drive their enterprises' strategies and technology purchases. Powered by a continued investment in an independent Test Center , InfoWorld analysts and editors provide both hands-on analysis and evaluation, as well as expert commentary on issues surrounding emerging technologies and products. Visit InfoWorld at www.infoworld.com.

About IDG

International Data Group (IDG) is the world's leading technology media, research, and event company. A privately-held company, IDG publishes more than 300 magazines and newspapers including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World, and PC World. The company features the largest network of technology-specific Web sites with more than 400 around the world. IDG is also a leading producer of more than 170 computer-related events worldwide including LinuxWorld Conference & Expo, Macworld Conference & Expo, DEMO, and IDC Directions. IDC provides global market research and advice through offices in 50 countries. Company information is available at www.idg.com.

CoreStreet and Real Time Credentials are trademarks of CoreStreet Ltd.