Vigilant Systems Contact:
John Isaac
Tel: (480) 281-6205
johni@edaconnect.com

Scottsdale, Arizona - July 16, 2001 - Vigilant Systems, Inc. has been formed to provide products that significantly improves the operational efficiencies of high value software commerce. Vigilant's Vantage™ product suite provides a complete turnkey solution to software vendors including:

• Internet-based and direct electronic licensing
• A comprehensive and flexible customer database for license management
• Flexible subscription and perpetual licensing terms
• Self-serve, on-demand license acquisition by end-users
• Scripting language to customize customer information, desktop messaging and licensing transactions
• Transparent license management for the software vendor's end-users
• Reporting to sales channels of qualified leads including existing customer upgrade and add-on selling opportunities
• Unprecedented levels of software protection against unauthorized use
• Easy migration path to full e-commerce

This new Vantage product suite provides EDA, MCAD, Embedded Systems, Business, CRM, Medical, Financial and other high value software vendors with a complete and secure electronic commerce solution that supports both Internet and direct sales channels. The turnkey license management facilities and access to the customer data base gives software vendors opportunities to increase customer satisfaction, decrease their costs of engineering and license administration, and support their direct, VAR, and telesales channels with sales productivity enhancing tools.

"The delivery and licensing of software products should be transparent to the end user while cost savings and increased revenue opportunities to the vendor. We recognized a need in all high value software industries for capabilities we had developed and used successfully over the past year in our EDAstore," stated John Isaac, Vice-President of Marketing of Vigilant Systems, Inc. "Our products and infrastructure can significantly improve the efficiency of the software vendor's product commerce while managing and growing their customer install base."

With legacy security and license management solutions, the costs to the software vendor of implementation and customer support can be overwhelming. Vigilant Systems, Inc. supplies turnkey solutions which significantly reduce the engineering resources required to implement licensing within the vendor's applications as well as focus on reducing the complexity to the end customer of installation and license management. Not only does this result in decreasing costs but a satisfied end user results in repeat sales and additional revenues for the vendor.

The ability to self-serve licenses over the Internet adds to improved end user's satisfaction and becomes a competitive advantage for the vendor. An end user can now obtain licenses on-demand 24/7 to better meet with their complex design cycle needs without the hassles and delays inherent in traditional license delivery from a centralized administration point. The user needs only an Internet connection to obtain a license pre-approved in the customer database.

The EDAstore will continue to operate as a subsidiary to Vigilant Systems and service the growing number of EDA vendors providing subscription-based product distribution over the Internet. Vigilant Systems, Inc., will offer their Vantage family of products through direct, distributor and Internet-based selling channels.

The Vantage products will be released starting in August of 2001.

About Vigilant Systems, Inc.: Vigilant Systems, Inc. is a privately held company founded to provide products that will significantly improve the operational efficiencies of software commerce. The company develops and sells products specifically targeted at high value software suppliers. Vigilant Systems, Inc. is headquartered in Scottsdale, Arizona, and can be contacted at www.vigilant-systems.com or by phone at (480) 281-6201.