Cleversafe Names Jon Zakin as New CEO

Start-up Plans to Develop Commercial Products Based on its Innovative Dispersed Storage Technology

CHICAGO, May 22, 2007— Cleversafe, Inc., developer of Dispersed Storage&trade software, today announced that Jonathan Zakin will lead the company as its new president and chief executive officer. Founder and former CEO, S. Christopher Gladwin, will continue with Cleversafe as the company’s chief technology officer (CTO) and chairman of the board.

Zakin, a one-time Cleversafe investor who has served on the company’s Board of Directors since its formation, was previously a partner in Batterson, Cross, Zakin, L.L.C. an early stage venture capital firm, and owns Seaview Holdings, L.L.C., an investment entity that actively invests in early stage companies. He was chief executive officer and chairman of the Board of Directors at wireless broadband company Proxim Corporation. Prior to Proxim, Zakin spent nine years with U.S. Robotics, Inc., a leader in data communications equipment, as a director, and in various senior management positions.

“We have asked Jon to take a more active role in Cleversafe to help grow our company into a data storage market leader,&rdquo said Chris Gladwin, chairman of Cleversafe. “He has an impressive business track record in growing small companies, such as US Robotics, into large market leaders creating billions of dollars in value. The huge opportunity ahead of Cleversafe merits the high level of expertise that Jon has demonstrated throughout his career."

Current approaches to storage backup and archiving rely on multiple copies, replication and synchronization technologies, which compromise security, add complexity and increase costs. Cleversafe’s Dispersed Storage software divides data into “slices&rdquo using mathematical algorithms and disperses them, via secure Internet connections, to multiple storage locations. An individual slice contains too little information to be useful on its own, but any majority of the slices can be used to perfectly recreate all the original data.

“The market for a more secure, more cost effective storage solution is enormous, and I have been very impressed with potential of the Cleversafe technology and vision,&rdquo said Jon Zakin, CEO of Cleversafe. “The company has been widely recognized as one of the most innovative start-ups in the storage and security arenas. I look forward to working closely with Chris to develop and sell commercial products based on the concept of dispersed storage.”

Zakin is also the owner of Leeward Productions, L.L.C., and a partner in Deutsch-Zakin Media, L.L.C. (“DZM”).

About Cleversafe

Cleversafe, Inc. is the developer of Cleversafe Dispersed Storage software, which uses Information Dispersal Algorithms (IDAs) to separate data into unrecognizable DataSlices&trade and distribute them, via secure Internet connections, to multiple storage locations on a dispersed storage grid. With dispersed storage, transmission and storage of data is inherently private and secure. No single entire copy of the data is in one location, and only some of the slices need to be available in order to perfectly retrieve the data. Data on the grid remains private and secure in the face of natural catastrophes, or failures of hardware, connection, facility or IT management. Moreover, the individual data slices do not carry enough information for an unauthorized viewer to determine the original content. For more information, please go to www.cleversafe.com.

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Page One PR

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