Fox Technologies Experiences Rapid Increase In Sales

Palo Alto, U.S.A., Feb 2, 2008 - (ABN Newswire) - Significant Growth Driven by New Product Releases and Expanded Customer Portfolio

MOUNTAIN VIEW, CA--(Marketwire - February 01, 2008) - Fox Technologies, Incorporated (FoxT), a leading provider of cross-platform Enterprise Access Control Management solutions, today announced a 55% growth in 2007 over 2006, a 300% growth in new business bookings over 2006, and a 33% growth in total bookings in the fourth quarter of 2007 over the third quarter of 2007.

"I am pleased with our 2007 performance," said Subhash Tantry, Fox Technologies president and chief executive officer. "We made tremendous progress executing our plan with significant growth in cash flow from operations and total bookings."

"Our substantial growth in 2007 illustrates the increasing demand for access control management solutions not only from our existing customer base, but also from new customers in Financial Services and Telecommunications," Tantry added. "FoxT also delivered new innovative products for Virtualized environments, a managed SSH client and a Segregation of Duties engine that can operate across multiple ERP and other custom applications. We are poised for another record breaking year in 2008, especially in new customer traction."

"Among our core objectives for 2008 is to achieve Operational Excellence across all our business functions, which will enable us to provide world class customer support and speed the delivery of high-quality, innovative products, at a lower cost," said Tantry. "And in 2008 we will release new products for Windows Server Control, BoKS Reporting, Account and Role Management and a new GUI for our products."

About FoxT

FoxT's comprehensive Enterprise Access Control Management solution suite enables organizations to centrally manage and control access to operating system services, configuration services, business applications, and information, on wired or wireless devices. The ability to centrally administer, authenticate, authorize, and audit the IT infrastructure enables organizations to simplify audits and compliance, strengthen security, and streamline IT operations. Headquartered in Mountain View, California, FoxT serves Global 1000 customers in 32 countries. For more information -- www.foxt.com.

Contact: Elliott Zember Vice President, Marketing 650-687-6278 elliott.zember@foxt.com

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FoxT

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