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PhatWare and First Cyber Security Principals Form Heracles Research Corporation to Fight Internet Fraud

New joint venture formed to fight the menace of internet fraud, initially focusing on e- mail validation.

MOUNTAIN VIEW, CA and LONDON, United Kingdom - July 23, 2008 - PhatWare Corporation, a leading provider of software products and professional services for mobile and desktop computers, and First Cyber Security Limited, a British internet security technology company, announced today the creation of Heracles Research Corporation - a new joint venture to develop technology to fight internet fraud.

The initial Heracles product will use patented core technology from First Cyber Security under license, which has been developed over the last four years. This unique product, to begin beta testing during the next quarter, will significantly alter how e-mails are perceived, valued, and validated. The first version of the software will come in two versions: client-side for Microsoft Outlook 2007 or later and server-side for Microsoft Exchange Server 2007. The software will verify all URLs in each received email message and filter emails containing links to fraudulent web sites. In the future, the product will be extended to support other email client and server applications and platforms.

"We are excited to form this new joint venture and deliver a state-of-the-art email security software based on the proven technology developed by First Cyber Security while utilizing PhatWare's expertise in software development for desktop and mobile platforms," said Stanislav Miasnikov, president of PhatWare Corp.

"PhatWare's experience in delivering software products combined with First Cyber Security's innovative technology is the perfect collaboration to deliver a new world class solution," said Rod Pugh, Managing Director of First Cyber Security Limited.

For more information about Heracles Research Corporation and to sign up for its upcoming beta program, visit www.heraclesresearch.com.

About PhatWare

Founded in October 1997, PhatWare Corporation is a leading provider of easy to use powerful software products and professional services for the mobile and desktop computing marketplace. PhatWare specializes in handwriting recognition, digital ink, note taking, and database and network management software development. PhatWare Corporation is a founding member of Microsoft Mobility Partner Advisory Council (MPAC) - a unique partner program developed by Microsoft Corp. to serve as a focused feedback mechanism for Microsoft Windows Mobile platform development, and provide leading companies with the tools and resources they need to bring the most innovative and successful mobility solutions to market - a Microsoft Certified Partner, and Microsoft Windows Embedded partner. To learn more about PhatWare, visit www.phatware.com.

About First Cyber Security

Established in 2004, First Cyber Security Limited is a British company specialising in Internet security. The company's foundation product validates the authenticity of web sites being visited with zero user intervention. It has patents pending for this technology. First Cyber Security was chosen by the UK Trade & Investment to take part in a "SCIENCE FOR SECURITY" TRADE MISSION AND SYMPOSIUM, where 20 British Companies Showcased Security Technologies in Boston and Washington, D.C. The purpose of this collaboration was to foster understanding between US and UK government and industry regarding technological approaches to solving security threats. To learn more visit www.firstcybersecurity.com.

For more information contact:

John Adrain Phone: +1-415-602-6100 Email: johna@heraclesresearch.com