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Press Release

CoreStreet and Tarmin Partner to Secure the Future of Real Time Application Validation

Companies to Enable Delivery of US Department of Defense Certified Solutions

CAMBRIDGE, MA and LONDON, UK (June 2, 2004)

CoreStreet, a leading provider of validation solutions for identity management and access control, and Tarmin Solutions, acclaimed developer of innovative legislation compliant security solutions, have partnered to deliver scalable, high assurance integrated security solutions based upon the companies’ respective technology offerings.

Both companies are recipients of the coveted US Department of Defense’s JITC certification, CoreStreet for its Real Time Credential Validation Authority, the industry’s most secure, massively scalable and cost-effective Online Certificate Status Protocol (OCSP) system for validating digital certificates and Tarmin for its critically acclaimed OfficeGuard 2.3 security application. Together, the companies plan to deliver a range of DoD compliant end-to-end integrated solutions.

Designed to provide superior usability, the CoreStreet-Tarmin integrated offerings will be positioned to address the growing market for federated, high assurance, real time identity validated solutions. Initially targeting legislation compliant secure email messaging and archival solutions, the joint integrated solutions will help enable organizations to fulfill email privacy and retention obligations such as HIPAA and SEC 17 a-4 while providing real time validation as to the identity and permissions of a message originator, helping curb identity and fraud related concerns. Future planned application of the technologies includes governmental e-records initiatives and Web service based secure application integration opportunities.

“The move towards real time validation is an essential step in the progression of high assurance identity based security solutions,” said Tarmin CEO, Shahbaz Ali. “We are pleased to have joined with CoreStreet to advance the case for use of real time validation. The integrated solution represents a compelling platform that is unmatched in the marketplace. Organizations deploying Tarmins’ Indus Intelligence solutions featuring CoreStreet integrated RTC VA technology will enjoy a competitive advantage through being able to ensure information integrity and identity assurance in real time. We look forward to moving ahead with CoreStreet in this growing field.”

“CoreStreet is the first and only company to offer a massively scalable, secure and cost-effective OCSP system for validating digital certificates and we look forward to working with Tarmin on the development of JITC certified products,” according to Phil Libin, president of CoreStreet. “In the coming months our companies will deliver DoD compliant products that will enable jointly identified customers to meet HIPAA and SEC 17 a-4 compliance while at the same time meeting privacy requirements.”

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 Tarmin Solutions Ltd.

Tarmin Solutions is a developer of lifecycle information security solutions that make it easier to protect and manage enterprise user data and communications. Tarmin products intelligently leverage existing IT infrastructure to deliver best in class legislation compliant data layer protection to information within and beyond the network. Tarmin is the first European company to receive the highly coveted US Department of Defense JITC, PKI and CAC Smart-Card Program Interoperability Certification. Tarmin Solutions is headquartered in London , England , with a regional office in California ’s Silicon Valley . For more information, visit www.tarmin.com.

CoreStreet and Real Time Credentials are trademarks of CoreStreet Ltd.