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Cerebit To Present At Florida Venture Forum

Tampa software start-up selected from 210 applicants

TAMPA (Jan. 6, 2004) – Cerebit (www.cerebit.com), an innovator of application security and compliance software, today announced its selection from approximately 210 applicants to present at the Florida Venture Forum Jan. 22 in Orlando. This invitation-only event provides the opportunity for 21 of Florida's best prospects for equity financing to make presentations to an audience of venture capitalists, investment bankers, financial intermediaries and entrepreneurs.

“We are honored to be a presenting company,” said Mark Swanson, CEO of Cerebit, which began operations seven months ago. “When you consider the fact that this forum typically only considers later stage companies, it reinforces our belief that we are well positioned in the market.” Unlike other security software that targets outside intruders from hacking into a company’s computer system, Cerebit’s proprietary software enables companies in the financial services, government, health care and other industries to safeguard business critical information from misuse by authorized users.

The Florida Venture Forum, Inc. is Florida's premier statewide support group for venture capitalists and entrepreneurs. As an entrepreneurial networking group, the Forum educates entrepreneurs and assists them in identifying sources of venture capital. The group hosts Florida’s only statewide later-stage Venture Capital Conference which, has pumped millions of dollars in venture capital into Florida-based companies over the last decade.

About Cerebit

Tampa based Cerebit builds visibility and trust into enterprise applications by tracking and preventing misuse of business-critical information by authorized users. Their non-intrusive and centrally managed products enable enterprises to gain end-to-end visibility into what users are doing within the context of a business process. In addition, they enable compliance with government regulations and the abstraction of security from applications. By encompassing support for both Web and legacy applications, the Company's products offer enterprises the ability to aggregate and consolidate application logging and security functionality into one cohesive offering. For more information please visit www.cerebit.com.

Contact:
Gary Davis
813.868.1904
gdavis@cerebit.com

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