Press Releases

Guard ID Systems Secures $5 Million in Funding from Trinity Partners

Ajay Chopra and Timothy McAdam join GuardID's Board


SAN MATEO, California - September 26, 2006 - Guard ID Systems™, a leader in anti-phishing and anti-pharming solutions that protect consumers against online identity theft and online fraud, announced today that the company has secured $5 million in a first round of capital funding from Trinity Ventures of Menlo Park, California.

"We are excited about Guard ID Systems because their innovative ID Vault product lets consumers take control of protecting themselves from identity theft before it happens," said Ajay Chopra, venture partner at Trinity Ventures. "Internet security is a rapidly growing threat and Guard ID is offering a unique solution that looks at this problem from the consumer side rather than the financial institution side, as with other available solutions."

"Trinity's knowledge of the security industry and their commitment to Guard ID - with a focus on building a world class company - makes them an ideal partner, and we are looking forward to working together," said Jerry Thompson, CEO of Guard ID Systems. "We are thrilled about this investment and the additions of Ajay Chopra and Tim McAdam to our board."

About Trinity Ventures:
Trinity Ventures, a 20-year veteran in the venture business with more than $1 billion under management, partners with exceptional entrepreneurs to build great companies. Trinity Ventures focuses on early-stage technology investment opportunities with a particular emphasis on the Digital Media, Internet Services, Mobility, Security and Software markets. Trinity has invested in well over 100 ventures, including such leading companies as Blue Nile (NASDAQ: NILE), Crescendo Communications, Extreme Networks (NASDAQ: EXTR), Forte Software, Illustra, LoopNet (NASDAQ: LOOP), Speedera Networks, Starbucks (NASDAQ: SBUX) and Sygate.

About Guard ID Systems
Guard ID Systems, Inc., headquartered in San Mateo, CA, develops and markets ID Vault, the first hardware-based security product that protects consumers against online identity theft and fraud when they bank, shop and invest online. ID Vault has a suggested retail price of $49.99, and is available at major retailers nationwide including Best Buy, CompUSA, Fry’s Electronics, OfficeMax, QVC, Sam’s Club, and Amazon.com. Visit www.idvault.com for more information.

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ID Vault is a trademark of Guard ID Systems, Inc. All other trademarks are the property of their respective owners.

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Greg Marek, Vice President of Marketing
(650) 286-9440