Foldera to Demonstrate Its Latest Milestone Release at the Web 2.0 Conference

November 3, 2006; 02:49 AM
Foldera Inc. will provide the first public demonstration of the latest milestone release of the company’s information organization and collaboration service at the third annual CMP Technology-O’Reilly Media event this week. The new release will be rolled out to an expanded community of beta testers later this month. Foldera is a Silver Sponsor of the sold-out event which will be held at the Palace Hotel in San Francisco, CA, on November 7, 8, and 9, 2006.

“This conference is an ideal forum for Foldera to show the next generation of information management and real-time organization,” said Richard Lusk, CEO and founder of Foldera. “Increasingly, businesses are moving their interactions between employees, partners and customers to the internet. As this trend evolves, tools like Foldera that allow businesses to organize and share critical information securely on the web will become increasingly vital. The Web 2.0 Conference focuses on important issues at the heart of this migration and we are very excited about participating in the event.”

The Web 2.0 Conference has become the premier event in the industry. More than 50 industry leaders and entrepreneurs will present at the event which promotes interactive participation by the audience. Among the speakers at this year’s event are:

• John Battelle (Federated Media and conference chair)
• Marc Benioff (salesforce.com)
• Jeffrey P. Bezos (amazon.com)
• Eric Billingsley (eBay)
• Robert B. Carter (FedEx)
• Vinton G. Cerf (Google)
• Bruce Chizen (Adobe)
• Barry Diller (IAC/InterActive Corp)
• Gary Flake (Microsoft)
• Joichi Ito (Technorati)
• Marissa Mayer (Google)
• Mary Meeker (Morgan-Stanley)
• Tim O'Reilly (O’Reilly Media)
• Ray Ozzie (Microsoft)
• Eric Schmidt (Google)
• Arthur Sulzberger, Jr. (New York Times)

"It's clear that major swaths of the global economy are in significant flux, and now that the Web has become a robust platform with countless innovations driving its ongoing development, widespread disruptions in traditional business models are well underway," said John Battelle, Web 2.0 Conference Chair.

The conference is also sponsored by AOL, IBM, Yahoo, Adobe, Microsoft Windows Live, Fox Interactive Media, Google, Accenture, Sun and Nokia.

The Web 2.0 conference website is located at: http://web2con.com/.

About Foldera(TM), Inc.

Foldera(TM) is the free, secure, and easy-to-use service that instantly organizes workflow. Foldera combines web-based email, instant messaging, a document manager, a task manager, a calendar, a contact manager, and sharable folders into a unified productivity suite, available with a single login from any web browser. Foldera also has the unique ability to instantly sort and file your sent and incoming email, instant message dialogs, documents, tasks, and events into folders, on a project-by-project basis, chronologically and in real time.

Business owners wanting to experience the power of Foldera Activity Folders in their business should register for a beta account at http://www.foldera.com.

This press release includes a number of forward-looking statements that reflect our management's current views with respect to future events and financial performance. Forward-looking statements include, but are not limited to, statements that are not historical facts, and statements including forms of the words "intend," "believe," "will," "may," "could," "expect," "anticipate," "plan," "possible," and similar terms. Actual results could differ materially from the results implied by the forward-looking statements due to a variety of factors, many of which are discussed throughout this Quarterly Report and in our SEC filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly release any revisions to these forward-looking statements that may reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, unless required by law. Factors that could cause actual results to differ materially from those expressed in any forward-looking statement made by us include, but are not limited to:

• the ability to finance our activities and maintain financial liquidity;
• unexpected resistance to the adoption of our product offering;
• changes in consumer preferences or trends;
• competitive offerings; and,
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