Stuart Taylor Joins I-S-Cubed as Worldwide Vice President of Marketing

San Jose, CA – June 1, 2004 – I-S-Cubed Inc. (iS3), a global provider of secure key management solutions for network-connected devices, today announced it has appointed electronic payments industry authority Stuart Taylor as the company’s vice president of marketing.

Mr. Taylor brings to I-S-Cubed nearly two decades of high technology business development and marketing experience in the electronic payments industry. He joins the company from VeriFone, Inc., where he was worldwide vice president and general manager of marketing. In eight years at VeriFone, he contributed significantly to establishing the company as the acknowledged leader of the electronic payment industry. As well as in-depth knowledge of the North American payment industry, Mr. Taylor brings to I-S-Cubed, an extensive understanding of the European, Australasian and Latin American payment markets. He holds an MBA from Edinburgh Graduate School of Business.

“With his in-depth knowledge of the electronic payments industry, as well as his deep experience in global markets, Stuart brings ideal skills to I-S-Cubed. He will play a very important role in helping to grow our company’s visibility, as well as helping create the global partnerships we need to move forward successfully,” said Joerg Ferchau, CEO of I-S-Cubed. “Additionally Stuart’s security industry expertise is an ideal fit with our focus on leading-edge security management solutions.”

“I am extremely pleased to have joined such an exciting company at a dynamic time for the industry,” added Taylor. “I-S-Cubed is poised for tremendous success in the financial services, retail and enterprise industries, and I am looking forward to working with the company’s executive team and high caliber investors to deliver on its aggressive growth goals.”

About I-S-Cubed

I-S-Cubed Inc. is a global provider of secure cryptographic key management solutions for network-connected devices in the financial services, retail and enterprise markets. Responding to the complexity and expense of managing security for proliferating fleets of devices, I-S-Cubed developed SecureOMSâ„?, the world’s first server-based security system that provides centralized security management for cryptographic keys, PINs, and devices. Comprised of proprietary software running on fault-tolerant hardware, SecureOMS automates and streamlines secure key management processes to substantially reduce the cost of operations, enhance organizational security, and enable regulatory compliance. I-S-Cubed also offers professional services to support customers with 3DES migration, security assessments, system architecture design and auditing/compliance courses. For more information, visit www.iscubed.com.

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