DALLAS, Aug. 14, 2002 (PRIMEZONE) -- Citadel Security Software Inc. (OTCBB:CDSS), a leading provider of vulnerability remediation and security software solutions, today announced the filing of the financial statement certifications by its Chief Executive and Chief Financial officers. The certifications, not required by the SEC for companies below $1.2 billion in revenue during their last fiscal year, were voluntarily submitted to the Commission on Form 8-K. The Company also completed the filing of its Form 10-QSB reporting on the results of operations through the second quarter of 2002.
"Though only required at this time by the nation's largest companies we believe that this practice should be followed by all companies," said Steven B. Solomon, CEO and President of Citadel. "By filing the certifications, we wanted to demonstrate that most businesses operate with honesty and integrity. We are pleased to see the SEC and Congress adopt these rules to enhance investor confidence and improve corporate governance and accountability."
In addition to the certifications, the Company's Form 10-QSB was filed today confirming the previously announced results of operations for the second quarter of 2002.
About Citadel Security Software, Inc.
Citadel Security Software, Inc. (OTCBB:CDSS) develops, markets and licenses computer security and privacy software for one of the fastest-growing software industry segments today -- security inside the firewall. Citadel's products enable companies to enforce security policies from a single point of control across all Windows and NetWare platforms. These products remediate vulnerabilities and secure confidential information, applications and systems from the five classes of security vulnerabilities: insecure accounts, unnecessary services, mis-configurations, back doors and software bugs. Hercules' open architecture design allows the import and aggregation of assessment data from many sources. Citadel is interoperable with industry leading vulnerability assessment tools allowing customers to address the real world issues of vulnerability assessment and remediation. The products also address the mandates of HIPAA and Gramm-Leach-Bliley legislation for the health care and financial industries.
Further information about Citadel Security Software and its products can be accessed at its website, www.citadel.com.
Safe Harbor/Forward-looking Statements:
Except for the historical information contained herein, this news release contains forward looking statements that are subject to risks and uncertainties, including lack of Citadel operating history, uncertainty of product acceptance and the uncertainty of profitability and cash flow of Citadel. These and other risks are detailed from time to time in CT Holdings' and Citadel's SEC reports, including CT's report on Form 1O-KSB for the year ended December 31, 2001 and most recent Form 10-QSBs, as well as Citadel's Registration Statement on Form 10-SB and amendments and most recent Form 10-QSBs.
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