Proginet News and Press

Proginet Announces Cancellation of Special Meeting of Stockholders

info@proginet.com (Proginet) — Mon, 05 May 2008 00:00:00 EST

Garden City, N.Y. - May 5, 2008 - Proginet Corporation [OTCBB: PRGF], a leading developer of enterprise software for advanced managed file transfer and security applications, today announced that the Board of Directors has cancelled the Special Meeting of Stockholders which was scheduled to take place on Tuesday, May 6, 2008 at 10:00 a.m. (Eastern Time), having been previously adjourned from April 8, 2008.

The purpose of the Special Meeting of Stockholders was to approve amendments to the Company's 2000 Stock Option Plan which would authorize a 3,000,000 share increase in the number of shares of common stock available for award grants under the 2000 Plan, as well as the extension of the term of the 2000 Plan by five years to October 10, 2015. The Board anticipates presenting this proposal at its Annual Stockholder Meeting to be held in November 2008.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Appoints New Executive Vice President of Sales and Marketing

info@proginet.com (Proginet) — Wed, 09 Apr 2008 00:00:00 EST

Garden City, N.Y. - April 9, 2008 - Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced the appointment of Sandy Weil as Executive Vice President of Sales and Marketing.

Mr. Weil, who joined Proginet on April 7, most recently served as a partner and senior executive at Accenture, one of the world's leading global management consulting and technology firms. During his fourteen-year tenure at Accenture, he held senior management positions in sales, marketing, strategic alliances, and general operations. He was made partner in the firm in 2003. In his new role at Proginet, Mr. Weil will report to the Company's President and CEO, Kevin M. Kelly.

Sandy brings a wealth of expertise and experience to Proginet, stated Mr. Kelly, who also sits on the Company's Board of Directors. He's a driven leader with a proven record of success at one of the largest consulting companies in the world. That our Board of Directors took an active role in recruiting him is testimony to his qualities. We're more convinced than ever that Proginet has the right technology, at the right time, in the right market; Sandy's strong operational background in sales and marketing will help complete the picture by streamlining Proginet's go-to-market strategy through an integrated and aggressive sales and marketing program, he concluded.

For most of my career at Accenture, I've been collaborating with clients to help them become high-performance businesses and organizations, stated Sandy Weil. These same principles and practices will now be applied at Proginet. I'm truly excited to have taken on this challenge. By bringing a new focus to sales and marketing, I want to help transform Proginet into an ultra-competitive, sales-oriented organization that can achieve record levels of revenue growth.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

New SAP Adapter from Proginet Expands Market for Password Management Suite

info@proginet.com (Proginet) — Tue, 08 Apr 2008 00:00:00 EST

Garden City, N.Y. - April 8, 2008 - Proginet Corporation [OTCBB: PRGF], a leading developer of enterprise software for advanced managed file transfer and security applications, today announced an SAP Adapter for its SecurPass suite of password management solutions. The new Adapter, which works with both SecurPass Sync and Reset, extends the functionality of the SecurPass suite so that SAP customers can now ensure consistent sign-on to SAP and other business applications using a single password. The SAP Adapter for SecurPass enhances usability and productivity by seamlessly synchronizing and resetting passwords across all SAP applications running at a customer's site.

There are currently more than 43,000 SAP customers worldwide, stated Howard Revin, Managing Director of Proginet's Global Security Practice. Many of Proginet's SecurPass customers rely on SAP for mission-critical business applications. For these customers, the SAP Adapter for SecurPass provides password synchronization between major IT operating systems - including Windows AD, UNIX , z/OS, and iSeries (System i) - and their SAP applications. This represents a powerful proposition for these companies. Additionally, end-users can use SecurPass Reset to easily change their own passwords and have the change propagate to all platforms, in addition to any number of SAP applications in use, he concluded.

Pricing and Availability
The SAP Adapter for SecurPass is now generally available. For pricing, or additional information, please contact your Proginet account executive or call (516) 535-3662.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Announces Special Meeting of Shareholders

info@proginet.com (Proginet) — Mon, 24 Mar 2008 00:00:00 EST

Garden City, N.Y. - March 24, 2008 - Proginet Corporation [OTCBB: PRGF], a leading developer of enterprise software for advanced managed file transfer and security applications, today announced a Special Meeting of Shareholders, to be held at 10:00 a.m. (Eastern Time) on Tuesday, April 8, 2008, at the Company's corporate headquarters at 200 Garden City Plaza, Garden City, New York 11530. Shareholders of record at the close of business on February 28, 2008 were formally notified of the meeting in a Proxy Statement mailed out during the week of March 3, 2008.

At the Special Meeting, Proginet shareholders will be asked to approve a proposal with two amendments to the 2000 Stock Option Plan (the 2000 Plan), thereby increasing the available shares of common stock by 3,000,000 shares, and extending the term of the 2000 Plan five years to expire on October 10, 2015. All shareholders are encouraged to vote their shares by proxy card, which has been mailed with the Proxy Statement, or to attend in person to vote their shares.

The Board of Directors has determined that the shares available under the current plan are not sufficient to attract and retain key employees, non employee directors, and consultants that are critical to the long-term growth and success of the Company.

Building equity stake in Proginet's success is a critical component of our compensation, incentive, and retention programs, said Kevin M. Kelly, Proginet's President and Chief Executive Officer. We believe that strengthening the 2000 Plan will enable us to attract and retain the best talent, while providing long-term incentives so that our employees can drive the growth and success of the business.

To participate in the Special Meeting, shareholders should call in at the numbers below immediately prior to the event (you will need all of the following information):

Toll-free Number: (888) 970-4171
Toll Number: (210) 234-0002
Leader: Kevin M. Kelly
Passcode: Proginet

All shareholders should have received a Proxy Statement in connection with the proposed amendments at this time. The Proxy Statement contains important information about Proginet, the amendments, and related matters. Proginet, and its directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the approval of the proposed amendments. Information regarding Proginet's directors and executive officers is contained in Proginet's filings with the Securities and Exchange Commission; additional information regarding the interests of those participants may be obtained by reading the Proxy Statement.

SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED AMENDMENTS TO THE 2000 PLAN.

All materials are filed with the Securities and Exchange Commission, and are available at www.sec.gov, via Proginet s Web site at www.proginet.com, or by contacting Proginet's Investor Relations department at (516) 535-3600.

# # #

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Launches New Solution for E-mail Attachment Management

info@proginet.com (Proginet) — Sat, 01 Mar 2008 00:00:00 EST

Garden City, N.Y.- March 3, 2008- Proginet Corporation [OTCBB: PRGF], a leading developer of software for advanced managed file transfer and security applications, today announced CFI Attachment Manager , a new software-based solution that addresses the major challenges associated with sending and managing e-mail attachments. Leveraging more than 20 years of innovation in managed file transfer, Proginet has developed CFI Attachment Manager to enable customers to securely exchange e-mail attachments of any size, eliminate mailbox and server clutter, and control and audit all attachments for regulatory compliance and e-discovery purposes.

Growth in messaging storage is the top e-mail-related concern enterprises face, and attachments are a major contributor to this issue, said Michael Osterman, President and Founder of Osterman Research, a leading analyst firm in the e-mail and collaboration space. By offering organizations a secure alternative for attachment management that reduces the storage and performance burden that large files place on e-mail systems, Proginet is providing a compelling solution to a major business problem.

CFI Attachment Manager integrates seamlessly with e-mail systems so that users can easily share and transfer files of any size. CFI Attachment Manager provides total security by encrypting attachments while in transit between the sender and recipient, and while at rest awaiting receipt. The attachment data store can be placed behind firewalls and DMZs for additional layers of data security. CFI Attachment Manager creates logs and time stamps for every step of the process to provide customers with total control, auditability and compliance with organizational policies and industry regulations.

A growing number of our security-conscious customers and partners are no longer allowing access through FTP or SSH, which poses a significant business problem in sharing large files with them. said Michael Weremecki, IT manager for Data Conversion Laboratory, Inc. With CFI Attachment Manager, Proginet has instantly solved this problem for us with a convenient and easy-to-use product. In addition, CFI Attachment Manager has eliminated issues with maintaining and backing up our e-mail servers.

E-mail is one of the most widely deployed applications in the world, used by millions of companies from the smallest to the very largest. CFI Attachment Manager is a valuable complementary product for every one of these companies regardless of their size, opening up a huge new market for Proginet, said Arne Johnson, Senior Vice President of Product Management for Proginet. We are leveraging our 20-plus years of developing managed file transfer technologies to deliver a robust product for e-mail attachment management with advanced features normally found only in high-end file transfer products.

Pricing and Availability
CFI Attachment Manager will be generally available this month. Pricing is available on a software license or subscription basis. For additional information about CFI Attachment Manager, please visit http://www.proginet.com/solutions/email_attachments.cfm.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Reports Financial Results for Fiscal 2008 Second Quarter

info@proginet.com (Proginet) — Thu, 14 Feb 2008 00:00:00 EST

Garden City, N.Y. - February 14, 2008 - Proginet Corporation [OTCBB: PRGF], a leading developer of enterprise software for advanced managed file transfer and security applications, today announced results for the second quarter of FY 2008, which ended January 31, 2008. Total revenues for the quarter amounted to $1,944,000, compared to $2,648,000 in the second quarter of fiscal 2007. Total operating expenses amounted to $2,458,000, compared to $2,223,000 in the equivalent period last year.

We missed our numbers this quarter, said Kevin M. Kelly, Proginet s President and CEO, and it s disappointing. Unfortunately, several important deals have proceeded more slowly than we would have liked. This wasn t entirely unexpected, but we had hoped we d be able to accelerate the sales process in a number of cases. This proved difficult in the end.

Demand for Proginet's managed file transfer solutions, particularly in the B2B context, remains strong, and will continue to be driven by key factors such as security, regulatory concerns, and a growing need to connect globally with customers and business partners, continued Mr. Kelly. We will continue to follow the long-term business plan and to invest in our key corporate initiatives, which include sales, product development, marketing, and strategic alliances. Alliances, in particular, are expected to help drive the growth of the Company. We signed agreements with two new alliance partners in the second quarter and will announce several more in the coming weeks. These alliance partners tend to be quite specialized and are expected to help Proginet penetrate markets in which success has been limited. Government, in particular, comes to mind, he concluded.

Proginet expects to file Form 10-QSB for the quarter ending January 31 with the SEC on or about March 1, 2008, after the quarterly review by its independent auditors has been completed. The form will also be available on Proginet's Web site and at www.sec.gov.

The Company has also announced a Special Meeting of Shareholders to be held on April 8, 2008. A key agenda item for this meeting will be to increase shares available under the Company s Stock Option Plan. The Company will announce more details about the Special Meeting of Shareholders in the coming weeks.

Investor Call
Proginet will hold an informational investor conference call on Friday, February 15, 2008 at 3:00 p.m. EST to provide investor updates and answer questions. To listen or participate, investors may call in at the numbers below immediately prior to the event (you will need all of the following information).

Toll-free Number: (888) 455-9639
Toll Number: (210) 234-0006
Leader: Kevin M. Kelly
Passcode: Proginet

For additional questions, please contact Proginet Investor Relations at (516) 535-3639.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Seeking Expansion into Government Sector, Proginet Signs Partnership Agreement with Mercury Data Systems

info@proginet.com (Proginet) — Thu, 07 Feb 2008 00:00:00 EST

Garden City, N.Y. - February 7, 2008 - Proginet Corporation [OTCBB: PRGF], a leading developer of enterprise software for advanced managed file transfer and security applications, today announced a new partnership agreement with Mercury Data Systems, a North Carolina-based reseller of enterprise technology solutions.

Under the terms of the agreement, Mercury Data Systems (Mercury) will market CyberFusion Integration Suite (CFI) , Proginet's flagship solution for advanced managed file transfer (MFT), to its customer base which includes leading organizations in the government, commercial, and educational sectors.

We are excited to be working with Proginet, said John E. Taylor, President and Co-founder of Mercury Data Systems. CFI is an excellent technology solution and we're looking forward to bringing it to our core markets. For the customers we work with, data security, integrity, and confidentiality is an absolute requirement; CFI will be a natural fit for these organizations, he concluded.

We're pleased to be partnering with Mercury, stated David Feliu, Proginet's Director of Channels. They have a strong presence in both the government and commercial sectors, and we're confident they can help introduce Proginet to many new organizations. Proginet has identified the government sector as an area in which we'd like to have greater visibility; with data security more critical than ever in this market, there's going to be a marked shift away from FTP and non-secure modes of file transfer. We see clear opportunity in this market and we're confident our partnership with Mercury can accelerate our success there.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Pursues FIPS 140-2 Certification Across All Major Platforms

info@proginet.com (Proginet) — Thu, 17 Jan 2008 00:00:00 EST

Garden City, N.Y. - January 17, 2008 - Proginet Corporation [OTCBB: PRGF], a leading developer of enterprise software for advanced managed file transfer and security applications, today announced that it has entered The Cryptographic Module Validation Program (CMVP) for FIPS (Federal Information Processing Standards) 140-2 certification. FIPS 140-2 is the definitive set of standards for information processing issued by the National Institute of Standards and Technology and mandates advanced algorithms and cryptographic functions to ensure data security.

Proginet will obtain FIPS 140-2 certification for CyberFusion Integration Suite (CFI) , the Company's flagship solution for advanced managed file transfer. The Company has applied for certification on Windows, UNIX/Linux, and the Mainframe (z/OS). No other company in Proginet's competitive set is certified on all three major platforms.

FIPS 140-2 certification is critical to Proginet, stated Jack Gazzola, Proginet's Vice President of Sales. It will allow us to pursue many more opportunities in both the government and commercial sectors. And whereas many of our competitors have only pursued certification on a single platform, Proginet stands to gain real competitive advantage by being certified on all major platforms. This reinforces something we've been saying for some time now; CFI is the most complete managed file transfer solution for the enterprise.

Proginet customers already recognize that the Company adheres to the highest possible security standards, stated Tom Bauer, Proginet's Chief Technology Officer. FIPS 140-2 validation is an additional proof done by an independent third party. It shows our security software implementation for CFI to be of the highest quality and standard.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

IntraLinks Deploys Proginet's CyberFusion Integration Suite

info@proginet.com (Proginet) — Tue, 18 Dec 2007 00:00:00 EST

Garden City, N.Y. - Dec. 18, 2007 - Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced that IntraLinks , the leading provider of workspaces for secure document exchange, has successfully customized and deployed CyberFusion Integration Suite (CFI) , Proginet's enterprise solution for advanced managed file transfer.

IntraLinks On-Demand Workspaces enable the secure online exchange and storage of sensitive business information across enterprise boundaries. They speed and simplify document-intensive business processes, and provide a secure, central location where information is accessible to any authorized party. Proginet s CFI will enable IntraLinks clients to securely transmit up to 450GB of files per session to IntraLinks client services team for use in the creation of the clients secure workspaces.

This is just another way that we are looking out for our clients security, said Brian Ward, Senior Vice President of Client Services for IntraLinks. IntraLinks has always approached security from a 360-degree perspective.

IntraLinks has achieved exponential growth over the last decade or so, said Jack Gazzola, Proginet's Vice President of Sales. We're pleased that they selected CFI and look forward to developing a successful, long-term relationship, he concluded.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

About IntraLinks
IntraLinks On-Demand Workspaces connect business communities and accelerate the intelligent flow of information and documents among participants. Through IntraLinks' secure, neutral, online environments, companies are better able to compete globally by accelerating essential business processes, simplifying communication and fostering rapid workflow. IntraLinks is easily accessible anywhere, anytime, using a Web browser.

Since 1997, more than 700,000 participants representing over 80,000 organizations worldwide have used IntraLinks On-Demand Workspaces to communicate and collaborate on thousands of projects and transactions. IntraLinks has been adopted widely in the financial services and pharmaceutical industries, where its clients include AstraZeneca Pharmaceuticals LP, Bank of America, Bear Stearns, Deutsche Bank, FDIC, TD Securities, Thomas Weisel Partners and WestLB, among hundreds of others. Founded in 1996, IntraLinks is headquartered in New York with offices around the world.

Proginet Signs Partnership Agreement with GalaxyTech International

info@proginet.com (Proginet) — Tue, 04 Dec 2007 00:00:00 EST

Garden City, N.Y. - December 4, 2007 - Proginet Corporation [OTCBB: PRGF], developer of enterprise software for managed file transfer and security, today announced a new partnership agreement with GalaxyTech International (GalaxyTech), a Texas-based system integrator and reseller of enterprise security solutions.

Under the terms of the agreement, GalaxyTech will market CyberFusion Integration Suite (CFI) , Proginet's enterprise solution for advanced managed file transfer (MFT), to its customer base of more than 2,000 organizations, comprising Fortune 100 companies and small and medium-sized enterprises in the United States.

We are very excited to be partnering with Proginet, said David Tompkins, Managing Partner at GalaxyTech. GalaxyTech's primary focus is enterprise security, and in Proginet's CFI, we see a real fit in terms of solving the data movement challenges of our large and diverse customer base. In fact, we've already seen interest from some of our clients, he concluded.

We've been in discussions with GalaxyTech for several months now and we are highly impressed with their operating model, stated David Feliu, Proginet's Director of Channels. They're an aggressive, sales-driven company with a sharp focus on enterprise security solutions. With a massive install base across the Southwestern U.S., we're confident they'll be able to leverage existing relationships to cross sell Proginet's suite of enterprise security software. We fully expect that this partnership will yield strong dividends for both companies.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

About GalaxyTech International
GalaxyTech International is a network security focused reseller and system integrator with over 2,500 customers worldwide. With customers ranging from the Fortune 100 to small businesses, GalaxyTech is a firmly established and well respected player in the network security marketplace. For more information, visit http://www.gti1.com.

Proginet Appoints New Chairman and Elects Three New Board Members

info@proginet.com (Proginet) — Mon, 03 Dec 2007 00:00:00 EST

Garden City, N.Y. - December 3, 2007 - Proginet Corporation [OTCBB: PRGF], developer of enterprise software for managed file transfer and security, today announced the election of three new members to the Company's Board of Directors. Amit K. Basak, Stephen Kezirian, and Allen J. Wolpert were elected at the Company's Annual General Meeting, held at Proginet's corporate headquarters on Friday, November 30, 2007. The new directors join existing board members Kevin M. Kelly, George T. Hawes, and Dr. E. Kelly Hyslop, who has been appointed Chairman of the Board.

Proginet is at a turning point in its history, and is poised for substantial growth in expanding markets, stated Kevin M. Kelly, Proginet's President and CEO. The background, talent, and experience of these new Board members will help the Company aggressively pursue its strategic initiatives. Additionally, Dr. Hyslop's appointment as Chairman provides the continuity and strong leadership required as the newly-formed board looks to accelerate Proginet's growth, he concluded.

Amit K. Basak is a private equity investor with executive management experience in the fields of investment banking and product sales and marketing. From 2003 to 2007, he was General Manager of Click Tactics, Inc., a leading provider of outsourced marketing services for the Fortune 500. Prior to this, Mr. Basak was Director of Marketing at Compete, Inc., a market-research firm. Earlier in his career, Mr. Basak ran product marketing at Yantra Corporation, an enterprise software company in the supply chain planning and execution space (later acquired by Sterling Commerce). In private equity, he worked at ConnectCapital, an affiliate of Insight Venture Partner focused on U.S.-India cross-border investing, as well as at J.H. Whitney Co. Mr. Basak began his career as an investment banker in the M A department at Morgan Stanley. He holds a B.A. from Yale University and an MBA from Harvard Business School.

Stephen Kezirian is Vice President at Sprint Nextel where he manages more than 5,000 individuals in vendor and in-source call center locations around the world. His group is responsible for all sales activities through the Telesales channel, as well as sales-support operations for orders submitted through both the Telesales and Web channels. Prior to joining Sprint in 2004, Mr. Kezirian held various positions at Morgan Stanley, J.H. Whitney, McKinsey, and Tickets.com. He holds a bachelors degree in Economics from Harvard University, and a Masters of Business Administration from Harvard Business School.

Allen J. Wolpert was associated with Accenture (Arthur Andersen/Anderson Consulting) from 1979 to 2002. He became a Partner in the company in 1986, and served in that capacity until 2002, focusing, primarily, on technology systems building and consulting. During his time at Accenture, Mr. Wolpert was instrumental in helping grow the company s management consulting practice from 5,000 consultants in 1979, to close to 100,000 globally by 2002. Since retiring from Accenture in 2002, Mr. Wolpert has been an investor and advisor to companies in Publishing, Media, and Medical Practice Management. He has appeared on CNBC s Technology Edge, and has been interviewed frequently by leading publications, including CIO Magazine, Insurance Technology, Future Banker, and The New York Times. He studied Electrical Engineering at the Polytechnic Institute of Brooklyn and received a BA/MPs degree in Health Services from The New School in New York.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Reports First-Quarter Results, Annual General Meeting to Take Place

info@proginet.com (Proginet) — Tue, 20 Nov 2007 00:00:00 EST

Garden City, N.Y.-November 20, 2007-Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced financial results for the first quarter, which ended October 31, 2007. Total revenues for the quarter were $2,002,386, compared to total revenues of $1,924,324 in the equivalent period of fiscal 2006. Proginet reports a loss of $381,972 for the quarter, compared to a loss of $98,950 for the equivalent period last year.

As I stated in our press release of November 14, Proginet has incurred substantial expenses related to major expansions in sales, marketing, and communications activities, stated Kevin M. Kelly, Proginet's President and CEO. These are critical programs for the Company. As such, we continue building the foundation for long-term growth. As reported in the annual business plan investor conference call, Proginet has modified our sales model to have increased dependency on larger deals with greater levels of unpredictability. We continue to expect that this change will benefit Proginet's growth model. Proginet currently has several large deals pending; as we work through this new model, we will take steps to improve the timeliness of closing such large deals, he concluded.

Investor Conference Call
Proginet will hold an informational investor conference call today Tuesday, November 20, 2007 at 4:00 p.m. Eastern Time to provide investor updates and answer questions. To listen or participate, investors may call in at the numbers below immediately prior to the event (you will need all of the following information).

Toll-free Number: 1 (888) 889-4951
Toll Number: 1 (210) 839-8500
Leader: Kevin M. Kelly
Passcode: Proginet

REMINDER: Annual General Meeting (AGM)
Proginet's Annual General Meeting (AGM) will be held at 10:00 a.m. Eastern Time on Friday, November 30th, 2007, at the Company's corporate headquarters at 200 Garden City Plaza, Garden City, N.Y. 11530. Shareholders of record at the close of business on October 3, 2007 were formally notified of the meeting by mail during the week of November 5, 2007.

All shareholders are encouraged to vote their shares by proxy card, which were mailed with the Proxy Statement and 2007 10-KSB, or to attend in person to vote their shares.

To listen in on the AGM, shareholders should call the numbers below immediately prior to the meeting (you will need all of the following information):

Toll-free Number: 1 (800) 475-0212
Toll Number: 1 (210) 234-0001
Leader: John C. Daily
Passcode: Proginet

The principal functions of the Annual General Meeting will be to:

Vote on the election of the Board of Directors, approval of auditors, and other matters that may come before the meeting, and
Report the results of the meeting

Proginet Announces Preliminary First-Quarter Financial Results

info@proginet.com (Proginet) — Wed, 14 Nov 2007 00:00:00 EST

Garden City, N.Y.-November 14, 2007-Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced preliminary (unaudited) financial results for the first quarter of fiscal 2008, which ended October 31, 2007. Proginet expects that total revenues for the quarter will amount to approximately $2 million, compared to $1.9 million in the equivalent period last year. With operating expenses for the quarter amounting to $2.4 million, the Company expects to report a net loss of approximately $400,000. The Company's cash position remains strong, at approximately $3 million.

Proginet has been busy executing according to its 2008 business plan, which calls for a major expansion in sales, marketing, and communications activities to help grow the business, stated Kevin M. Kelly, Proginet's President and CEO. These initiatives are now fully underway and the substantial related expenses are reflected in our bottom-line numbers.

We've retained a leading public relations agency focused on high-technology, we've attended several industry conferences, including the IT ChannelVision event, where Proginet generated many new channel partner opportunities and received the 'Best Channel Strategy Award', and we've engaged in new lead generation programs with a number of the industry's leading syndication services, he continued. These are critical programs for the Company. From that perspective, the quarter represents the foundation for Proginet's long-term growth, and the linchpin for the success of fiscal 2008 overall. As I stated in our recent conference call, the primary metric for Proginet's performance is the full year's performance, with less emphasis on quarterly results in isolation.

Kevin's statement echoes many of the things outlined in our recent conference call when we reviewed the 2008 business plan, commented Debra DiMaria, Proginet's Chief Financial Officer. Operating expenses for the quarter are up almost 20% over last year, and will remain higher as we execute according to the business plan. What also impacted our numbers this quarter was that we were unable to close any large deals, which our sales team attribute to the longer sales cycles typical of larger deals. Additionally, we've established a large reserve for a sale recorded in Q4 of 2007, but not yet collected on, she concluded.

On a final note, I would like to clarify something important but unrelated, stated Kevin M. Kelly. Proginet will continue with the expansion of its sales and sales-support teams in the year ahead, just as we have done in Q1. This is contrary to an inaccurate article that appeared last week on a UK technology Web site. Proginet would like to confirm that it is wholly committed to its direct sales strategy, and that it is, in fact, actively seeking to expand its direct sales team. In parallel, we will continue pursuing our channel partner initiatives so that we can better leverage opportunities in the channel, where we believe we can achieve targeted success in specific vertical and geographic markets.

Proginet points out that all estimates are preliminary, and that differences may arise between estimates and actual results, which will be available when the Company and its auditors complete their review of the Company's results for the first quarter of fiscal 2008. The Company will report first quarter 2008 financial results on November 20, 2007, with an investor conference call scheduled for the same day (full details below).

Investor Conference Call
Proginet will hold an informational investor conference call on Tuesday, November 20, 2007 at 4:00 p.m. EST to provide investor updates and answer questions. To listen or participate, investors may call in at the numbers below immediately prior to the event (you will need all of the following information).

Toll-free Number: 1 (888) 889-4951
Toll Number: 1 (210) 839-8500
Leader: Kevin M. Kelly
Passcode: Proginet

REMINDER: Annual General Meeting (AGM)
Proginet's Annual General Meeting (AGM) will be held at 10 a.m. Eastern Time on Friday, November 30th, 2007, at the Company's corporate headquarters at 200 Garden City Plaza, Garden City, N.Y. 11530. Shareholders of record at the close of business on October 3, 2007 were formally notified of the meeting by mail during the week of November 5, 2007.

All shareholders are encouraged to vote their shares by proxy card, which will be mailed with the Proxy Statement and 2007 10-KSB, or to attend in person to vote their shares.

To participate in the AGM, shareholders should call in at the numbers below immediately prior to the event (you will need all of the following information):

Toll-free Number: 1 (800) 475-0212
Toll Number: 1 (210) 234-0001
Leader: John C. Daily
Passcode: Proginet

The principal functions of the Annual General Meeting will be to:

Vote on the election of the Board of Directors, approval of auditors, and other matters that may be on the proxy ballot
Report the results of the proxy voting

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Wins Best Solution Provider Channel Strategy Award at IT ChannelVision

info@proginet.com (Proginet) — Tue, 06 Nov 2007 00:00:00 EST

Garden City, N.Y. - November 6, 2007 - Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced that it has won the 'Best xSP Channel Strategy Award' at IT ChannelVision , which was held October 20-24, 2007, in La Quinta, California.

The awards program was the culmination of three days of intensive business activity at the IT ChannelVision event, which served as an opportunity for Proginet to introduce its best-of-breed managed file transfer solutions to the leading North American resellers and system integrators. Proginet was one of almost one hundred IT vendors to attend the event, where it presented its technology and partner-friendly program in boardroom sessions as well as in scheduled one-on-one meetings. Attendees included approximately two hundred C-level executives and decision makers from the world's largest resellers and system integrators.

Proginet is very pleased to have won this award, said Kevin M. Kelly, Proginet's President and CEO. The Company has created a channel program that is truly unique in the industry, and this award represents a tremendous validation of our channel-partner strategy. As a Company, we've concluded that channel sales are critical to our long-term growth strategy, and we are committed to maximizing the success of each and every partner who joins our program, he concluded.

IT ChannelVision attendees are senior decision makers who directly influence their customers technology buying decisions, said Kim Becker, program director for IT ChannelVision. The awards program is one of the most significant benchmarks for outstanding technology innovation and market initiatives in the technology provider and reseller communities. Winners are voted on directly by the attending decision makers who comprise the most dynamic market leaders in the North American IT channel. Proginet's channel strategy has certainly resonated with our audience.

IT ChannelVision is produced by Gartner, Inc. (NYSE: IT), the leader in ROI-driven business events for the global IT industry. The award was determined by attendees at the event.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Announces Annual General Meeting Date Change and Board of Director Nominees

info@proginet.com (Proginet) — Fri, 02 Nov 2007 00:00:00 EST

Garden City, N.Y.-November 2, 2007-Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced that its Annual General Meeting (AGM) will be held on Friday, November 30, 2007 at 10 a.m. Eastern Time at the Company's corporate headquarters at 200 Garden City Plaza, Garden City, N.Y. 11530. Shareholders of record at the close of business on October 3, 2007 will be formally notified of the meeting by mail during the week of November 5, 2007.

Shareholders should note that this Annual General Meeting date of November 30, 2007 represents a change from its previously announced date.

Proginet is also pleased to announce the nominees for the Board of Directors to be elected at the 2007 Annual General Meeting. These are Amit K. Basak, George T. Hawes, Dr. E. Kelly Hyslop, Kevin M. Kelly, Stephen Kezirian, and Allen Wolpert.

Current directors, John C. Daily, William Loscalzo, and Stephen Sternbach are not standing for re-election as a majority of the Board voted for the announced nominee slate. Each of these directors has stated that their decision was not a result of any disagreement with the Company s operations, policies, or practices. A majority of the Board agreed that a change in the composition of the Board would be beneficial to Proginet as new nominees could bring different perspectives and opportunities to the Company. For additional information on the nominees, please refer to the Proxy Statement mailed to each shareholder.

All shareholders are encouraged to vote their shares by proxy card, which will be mailed with the Proxy Statement and 2007 10-KSB, or to attend in person to vote their shares.

To participate in the AGM, shareholders should call in at the numbers below immediately prior to the event (you will need all of the following information):

Toll-free Number: 1 (800) 475-0212
Toll Number: 1 (210) 234-0001
Leader: John C. Daily
Passcode: Proginet

The principal functions of the Annual General Meeting will be to:

Vote on the election of the Board of Directors, approval of auditors, and other matters that may be on the proxy ballot
Report the results of the proxy voting

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Pittsburgh Steelers Select Proginet's SecurPass for Password Management

info@proginet.com (Proginet) — Tue, 23 Oct 2007 00:00:00 EST

Garden City, N.Y. - October 23, 2007 - Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced that the Pittsburgh Steelers, one of the leading sports franchises in the NFL, has selected the Company's SecurPass solution to synchronize passwords securely across enterprise systems. Proginet was selected based on the recommendation of another leading NFL sports franchise, who has been using the Company's password-management software for the last several years.

The Pittsburgh Steelers are a marquee name in American sports, said Jack Gazzola, Proginet's Vice President of Sales. We're pleased to have been selected by another major sports franchise to help securely integrate systems while driving productivity and efficiency gains.

Leading organizations worldwide use Proginet's SecurPass to synchronize passwords securely across multiple computing platforms. With SecurPass, business users only have to remember a single password to access all of their business applications. This improves user productivity and overall organizational efficiency, while driving down password-related support costs.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Announces International Partner Conference to Take Place in Orlando, Florida

info@proginet.com (Proginet) — Tue, 02 Oct 2007 00:00:00 EST

Garden City, N.Y. - October 2, 2007 - Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced its 2007 International Partner Conference, to take place October 8-10th, in Orlando, Florida. This invitation-only event will be held at Orlando's Regal Sun Resort, and will be attended by many of Proginet's leading international partners.

The conference will serve as an opportunity for Proginet and its international partner community to convene and discuss corporate objectives and strategies for fiscal 2008. Keynote speakers include senior executives from a number of Proginet enterprise customers, including a leading US-based communications provider and a major European bank. The speakers will give presentations detailing how CyberFusion Integration Suite (CFI) , Proginet's flagship solution for managed file transfer, has been rolled out across their respective enterprises.

Recapping Fiscal 2007, Company Cites a 91% Increase in International Sales and Continuing Momentum.

Fiscal 2007, which ended on July 31st, saw strong international demand for Proginet's enterprise security software. In addition to increasing international sales revenues by 91%, the Company signed major software license agreements in a number of new countries, including India, Thailand, and Australia. This paralleled continued strong performance in Europe and South America, markets in which Proginet is traditionally strong.

It's been a year since we held our 2006 International Partner Conference in Rome, said Jack Gazzola, Proginet's Vice President of Sales. At that time, we announced record domestic sales, and expressed optimism that international momentum was catching up. We're pleased that this optimism has been borne out by results. With a stronger than ever network of committed partners in place, we expect this trend to continue.

Proginet's international partner conference is open to all qualified international partners; advance registration is required. For more information, please contact partners@proginet.com or call (516) 535-3600.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Announces FY 2007 Financial Results, Projects 40% New License Revenue Growth for FY 2008

info@proginet.com (Proginet) — Tue, 18 Sep 2007 00:00:00 EST

Garden City, N.Y.-September 18, 2007-Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced financial results for the year ended July 31, 2007.
Total revenues for the year amounted to $9,377,254, up from a total of $8,498,067 in fiscal 2006. New license revenues (NLR) for the year amounted to a record $3,441,518, up from a total of $2,365,552 in fiscal 2006. Commenting on the year's NLR record, Proginet cites a surge in demand for CyberFusion Integration Suite (CFI) , the Company's flagship solution for advanced managed file transfer. Net income for the year amounted to $936,852, an increase of 60% over fiscal 2006, in which the Company earned $584,564.

These results are in line with preliminary numbers announced in August, when the Company stated that it would set several new records, including record total revenues and record profitability.

The Year Ahead: Fiscal 2008 Projections

With strong continuing demand for CyberFusion Integration Suite, which leading companies worldwide use to secure and control business data, Proginet expects fiscal 2008 to be marked by accelerated growth. The Company estimates new license revenue growth of approximately 40%, with total revenue growth anticipated at approximately 20%. The Company expects profit margins to hold steady at 10%, or thereabouts, as it continues to invest significantly in sales, marketing, and other critical targeted activities necessary to accelerate the growth of the business.

We are really excited about fiscal 2008, said Kevin M. Kelly, Proginet's President and CEO. We're having unprecedented success with CFI, he continued. In addition to seeing more activity in our sales pipeline, we're closing bigger deals, with bigger types of organizations. We're determined to capitalize on this real and continuing momentum, and we continue to make significant investment in terms of new resources and initiatives to drive us forward.

TODAY: Annual Investor Presentation and Conference Call
Proginet will hold its Annual Investor Presentation and Conference Call today Tuesday, September 18, 2007 at 4:00 p.m. Eastern Standard Time (EST). The call will be an opportunity to review fiscal 2007 financial results and to discuss the fiscal 2008 Business Plan and financial projections for the year.

To listen or participate, investors should call in at the numbers below immediately prior to the event (you will need all of the following information).

Toll-free Number: 1 (888) 795-2173 (US Canada)
Toll Number: 1 (210) 234-0002
Leader: Kevin M. Kelly
Passcode: Proginet

There will also be a simultaneous Web presentation. Participants can view the presentation by clicking on the following link at the start of the call (you will need a computer with a live Internet connection):

Link: https://e-meetings.verizonbusiness.com/nc/join/
Conference Number: PA1773933
Audience Passcode: PROGINET

REMINDER: Annual General Meeting (AGM)
Proginet's Annual General Meeting (AGM) will be held at 10 a.m. Eastern Time on Tuesday, November 20th, 2007, at the Company's corporate headquarters at 200 Garden City Plaza, Garden City, N.Y. 11530. Shareholders of record at the close of business on October 3, 2007 will be formally notified of the meeting by mail in October.

All shareholders are encouraged to vote their shares by proxy card, which will be mailed with the Proxy Statement and 2007 10-KSB, or to attend in person to vote their shares.

To participate in the AGM, shareholders should call in at the numbers below immediately prior to the event (you will need all of the following information):

Toll-free Number: 1 (800) 475-0212
Toll Number: 1 (210) 234-0001
Leader: Kevin M. Kelly
Passcode: Proginet

The principal functions of the Annual General Meeting will be to:

Vote on the election of the Board of Directors, approval of auditors, and other matters that may be on the proxy ballot
Report the results of the proxy voting

Proginet to Attend 2007 Infosecurity New York Conference

info@proginet.com (Proginet) — Tue, 04 Sep 2007 00:00:00 EST

Garden City, N.Y. - September 4, 2007 - Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced its participation in the 2007 Infosecurity New York Conference, to take place at the Jacob Javits Convention Center on September 11th and 12th, 2007.

Infosecurity New York draws thousands of IT professionals and decision makers from a broad range of industries including finance, government, healthcare, manufacturing and retail, many looking to identify new IT security solutions to advance their organization's security and compliance programs. Leading industry experts will offer courses and presentations covering a range of security topics, including enterprise security, data protection, emerging threats, homeland security, and regulatory compliance.

Proginet is pleased to be participating in this important security conference, said Arne Johnson, Proginet's Senior Vice President. Data breaches and other high-profile exposures have increased demand for our data security solutions, and the conference will give us an opportunity to share our value proposition with a wider critical audience. Infosecurity New York attracts decision makers from major companies in many of Proginet's key vertical markets. Our participation is part of an important new marketing initiative to increase Proginet's visibility in the marketplace and drive new business.

Conference attendees can meet Proginet by stopping by the Company's Infosecurity New York exhibit at Booth No. 3611. The Company is also scheduling meetings in advance; to schedule a meeting, please call (516) 535-3600.

###

Free Infosecurity New York Registration
Haven't registered for the conference yet? Click here to register for free courtesy of Proginet (a $50 value), or visit the URL below:
http://www.infosecurityevent.com/DP5XX

(Note: Free offer expires on September 9th, 2007)

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

Proginet Announces Annual General Meeting

info@proginet.com (Proginet) — Wed, 29 Aug 2007 00:00:00 EST

Garden City, N.Y.-August 29, 2007-Proginet Corporation [OTCBB: PRGF], developer of enterprise security software, today announced its Annual General Meeting (AGM), to be held at 10 a.m. Eastern Time on Tuesday, November 20th, 2007, at the Company's corporate headquarters at 200 Garden City Plaza, Garden City, N.Y. 11530. Shareholders of record at the close of business on October 3, 2007 will be formally notified of the meeting by mail in October.

All shareholders are encouraged to vote their shares by proxy card, which will be mailed with the Proxy Statement and 2007 10-KSB, or to attend in person to vote their shares.

To participate in the AGM, shareholders should call in at the numbers below immediately prior to the event (you will need all of the following information):

Toll-free Number: 1 (800) 475-0212
Toll Number: 1 (210) 234-0001
Leader: Kevin M. Kelly
Passcode: Proginet

The principal functions of the Annual General Meeting will be to:

Vote on the election of the Board of Directors, approval of auditors, and other matters that may be on the proxy ballot
Report the results of the proxy voting

Notice of Change in Process and Timeline
Shareholders should note that the Annual General Meeting will not be the venue for the Annual Investor Presentation or Fiscal 2008 Business Plan. As previously announced, these presentations have been brought forward by two months and will be presented at the Annual Investor Presentation and Conference Call, to take place on Tuesday September 18, 2007 at 4:00 p.m. The Company will report fiscal 2007 financial results on the same day.

The Schedule of Events included below clarifies key dates impacted by this change in process and timeline.

REMINDER: Annual Investor Presentation and Conference Call
Proginet will hold its Annual Investor Presentation and Conference Call on Tuesday, September 18, 2007 at 4:00 p.m. Eastern Time (ET). The call will be an opportunity to review fiscal 2007 financial results and to discuss the fiscal 2008 Business Plan and financial projections for the year.

NOTE: The Annual Investor Presentation and Conference Call will be a major shareholder event and will include much of the information normally covered in Proginet's Annual General Meeting, which takes place each year in November. The Company has brought this Annual Investor Presentation and Conference Call forward by two months in order to ensure that it can deliver more timely information to investors. Investors are encouraged to actively participate in the call.

To listen or participate, investors should call in at the numbers below immediately prior to the event (you will need all of the following information).

Toll-free Number: 1 (888) 795-2173 (US Canada)
Toll Number: 1 (210) 234-0002
Leader: Kevin M. Kelly
Passcode: Proginet

Link: https://e-meetings.verizonbusiness.com/nc/join/
Conference Number: PA1773933
Audience Passcode: PROGINET

Schedule of Events

October 3, 2007
Record Date
Date on which holders of record will be determined as eligible to vote their shares.

September 18, 2007
Annual Investor Presentation and Conference Call
Review of FY07 Financials and FY08 Business Plan (formerly done at Annual Shareholder meeting in November).

November 20, 2007
Annual General Meeting
Date on which proxy vote cards are tabulated. Shares can be voted in person on matters contained in the Proxy Statement.

###

To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.