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Press Release

CoreStreet Nominated for 2004 SC Magazine Award

Reader Voting Determines Winners of Prestigious Award

CAMBRIDGE, MA (February 11, 2004)

CoreStreet, a leading provider of validation solutions for identity management and access control, today announced that the company’s Real Time Credential Validation Authority (RTC VA) has been nominated for the 2004 “Readers Trust Award” by editors at SC Magazine. “The Readers Trust Award” category is designed to recognize the industry’s most advanced identity management solution.

“CoreStreet offers a massively scalable validation solution that is inherently more secure than traditional technologies,” according to Phil Libin, president of CoreStreet. “Simply, CoreStreet has developed the most innovative and cost-effective product in this category and we’re excited that SC Magazine has recognized our groundbreaking contribution to the security world.”

The RTC VA is the only currently available solution capable of digital certificate validation on a massive scale. The RTC VA works by sending small codes, or “proofs”, to determine the validity of a digital certificate in real time. Unlike first generation PKI products, the RTC VA does not require secure responders. By eliminating the need for costly security measures such as encryption, server protection and secure communications lines, implementation and maintenance costs are greatly reduced.

To vote for CoreStreet’s RTC VA, log onto: http://www.scawards.com/voting/rta_voting.asp?Cat_ID=12&Prod_ID=250 and fill in the requested information. Deadline for voting is February 27, 2004.

About CoreStreet

Bridging the security gap between physical and information security, CoreStreet provides the only secure authorization and validation technology for connected and intermittently connected environments. Combining security, safety and convenience, CoreStreet enables organizations to grant or revoke an individual's access rights to buildings, computer networks, laptops, or wireless devices immediately in real time. The company, headquartered in Cambridge, MA, holds 14 patents with more pending. For more information, visit www.corestreet.com.

CoreStreet and Real Time Credentials are trademarks of CoreStreet Ltd.