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ZipLip Addresses the Privacy Requirements of the Gramm-Leach-Bliley Act

MOUNTAIN VIEW, CA – May 23, 2001

ZipLip, Inc., the leading provider for the next generation of scalable J2EE secure data exchange platform, today announced that its flagship product, ZipLip Mail, addresses the privacy regulations for electronic communications set by the Gramm-Leach-Bliley Act.

ZipLip Mail is Web-based email that enables secure communication, delivering end-to-end security to any and all Web devices, including wireless handsets.

ZipLip encrypts the data while in transmission and in storage without additional software or downloads.

Banks and other financial service-related institutions are in the test phases with ZipLip Mail and other ZipLip secure applications.

About ZipLip: ZipLip, Inc., based in Mountain View, California, offers the world's only scalable 100% Java, J2EE-based platform to enable controlled communications, access and sharing of corporate intelligence. Its platform, the ZipLip Secure Data Exchange (ZDX.), offers secure email and secure file access and sharing, with complete control over who accesses which data, when, and what can be done with it, including detailed audit trails. Built for carrier-grade performance and easy integration into other Web applications, ZipLip's technology is available as a software license or service to carriers, ASPs, large enterprises, and healthcare and financial institutions. For more information on ZipLip, check out http://www.ziplip.com

Contact: Jumin Kim
Tel:(650) 968 8989
Fax:(650) 968 9089
jlkim@ziplip.com

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