Press Releases

Industry Veteran Joins Armorpoint’s Advisory Board

SAN DIEGO, CA – July 24, 2006 — Armorpoint, Inc. the leading provider of on-demand identity theft management solutions, announced today that it has appointed Mr. Hans Petersen, former Vice President of Software Development & Operations at Financial Profiles, to its advisory board. Hans joins Armorpoint and brings extensive knowledge and expertise in data analytics and credit fraud solutions. Hans is highly skilled in the design and development of high-speed and real-time credit origination and credit fraud solutions for the financial services industry.

"We have long admired Mr. Petersen's extensive knowledge and expertise within the credit fraud industry and we are fortunate to have Hans join our team", said Gary Shields, Chairman and CEO of Armorpoint. "Hans’ market expertise and industry knowledge adds tremendous value to our Advisory Board and opens many new opportunities for Armorpoint."

"I am especially pleased to be working with the Armorpoint team in the field of identity theft management and I believe they have uniquely positioned themselves in the market. With identity fraud rising each year, it is imperative that financial institutions and consumer service organizations seek efficiencies to minimize the affects of identity theft. Through Armorpoint’s unique platform solution, the company provides a superior scalable solutions", stated Mr. Petersen.

Mr. Petersen’s background provides Armorpoint additional credibility and differentiates Armorpoint even further from other identity theft services. Mr. Petersen brings over 17 years experience from industry leading organizations including Creditland, a direct competitor to LendingTree, Fair Isaac (NYSE: FIC) and HNC Software.

About Armorpoint, Inc.

Armorpoint is the leading provider of On-Demand Identity Theft Management Solutions, providing financial institutions and other impacted organizations with a unique private label web platform where consumers can obtain ID theft and credit education as well as the proactive tools and services for ID theft management and resolution assistance. Armorpoint’s solution meets FACT Act compliance requirements while also empowering leading organizations with an on-demand identity theft management system to protect consumers for greater customer security, confidence and retention. For more information please see www.armorpoint.com.

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