GARDEN CITY, N.Y.--Sept. 14, 2006--Proginet Corporation (OTCBB: PRGF), developer of enterprise security software, today announced a strategic partnership with SoftCare EC Solutions Inc., developer of e-business software solutions, including a full featured EDI solution and XML management system used to translate and exchange business documents across B2B trading-partner communities.
Under the terms of the agreement, Proginet and SoftCare will market and sell each other's technology solutions. The agreement further provides for joint participation in research and development efforts going forward, and is consistent with Proginet's stated objective to increase activity in the area of partnerships and alliances.
"We see great synergies between our solutions," stated Kevin Bohan, Proginet's Chief Information Officer. "Our expertise in the security and control of enterprise data movement strongly complements their expertise in EDI, XML, and structured information formats. Formalizing our partnership will allow us to capitalize on these synergies and deliver solutions that address key requirements of the manufacturing and retail industries. Everyone at Proginet is very optimistic about the potential this presents."
"The Proginet/Softcare agreement adds value to each of the partners with expanded markets, new business opportunities and enhanced solutions for existing customers," stated Martyn A. Armstrong, President and CEO of Open EC Technologies, Inc., the parent company of SoftCare. "Our market leading solutions will be more competitive and provide new revenue opportunities for both companies."
About SoftCare EC Solutions Inc.
SoftCare EC Solutions Inc., a subsidiary of Open EC Technologies, Inc., is an e-business software and solution provider. SoftCare's OpenEC(R) e-business software includes solutions for Electronic Data Interchange (EDI), Business Process Management and Product Information Management (PIM). The Company sells the OpenEC(R) products and solutions to the retail supply chain, healthcare, financial services and government agencies in North America. Additional product and solution information is available on the Web at www.softcare.com and additional public company information is available on the Web at www.openec.com. The Company's common shares trade on the TSX Venture Exchange under the symbol: OCE and the OTC under the symbol: OCEIF.
About Proginet Corporation
Proginet Corporation is a developer of enterprise security software. Throughout its 20-year history, the company has earned a solid reputation for its multi-platform expertise and dedication to customer service. Its products, including CyberFusion(R), CyberFusion Integration Suite (CFI)(TM), SecurForce(TM), SecurPass(R), and SecurAccess(TM), support all major computing platforms, from PCs to mainframes. Proginet's global customer base spans more than 23 countries and includes many Fortune 500 companies. The company is headquartered in Garden City, N.Y., with offices in Toronto, Ontario, Canada, and is publicly traded under the symbol (OTCBB: PRGF). For more information, visit www.proginet.com.
