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Press Release

CoreStreet and Probaris Partner to Deliver Validated eForms Solutions

Partnership allows government agencies to maintain high security levels in eForms-based business processes

Cambridge, MA - (July 6, 2004)

CoreStreet and Probaris® Technologies today announced a partnership to deliver a highly-scalable and secure eForms platform to government agencies and other industries that require upfront identity validation and access control through the companies' respective products Probaris SP and the Real Time Credential Validation Authority (RTC VA).

The RTC VA is a complete software solution that enables the validation of digital certificates in a scalable, flexible and cost-effective manner. Probaris SP is an integration platform that brings legacy applications to the Web, providing secure and auditable eForms-based business processes without having to retrofit old systems. This Web-based eForms platform supports creating, routing, digitally signing, tracking and documenting business processes. Together, the combined products will meet the government's high standards for validating digital communications.

"CoreStreet is committed to providing real-time validation solutions for industries that need secure, auditable electronic documents," said Phil Libin, president of CoreStreet. "The RTC VA ensures the identity of every participant in key business processes that are Web-enabled through Probaris SP, meeting the demanding security and tracking needs of government agencies."

"The Federal Government is now mandating that participants in electronic government processes must prove their identity. It boils down to linking reliable credentials - the proof - to a business process before the transaction occurs," said Michael Goldstein, chief executive officer of Probaris Technologies. "The combination of Probaris SP and CoreStreet's RTC VA provides a scalable solution that meets the Federal Government's standards for validating business processes over the Internet."

About Probaris

Probaris Technologies, Inc. develops software that enables large enterprises to easily deploy secure, auditable business processes via the Web. Founded in 1999 with technology licensed from the University of Pennsylvania's "Hacker's Lab," Probaris has applied a deep competency in access security, encryption, and authorization to electronic-forms-based business processes. The company's flagship product, Probaris SP provides reliable process security and comprehensive compliance documentation for eForms-based processes. For more information on Probaris, visit the company's Web site at: www.probaris.com or call (215) 238-0510.

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.

Probaris® is a registered trademark of Probaris Technologies, Inc.

CoreStreet and Real Time Credentials are trademarks of CoreStreet Ltd.