Foldera Activates Accounts for Over 800 Businesses

May 16, 2007; 06:16 AM
Foldera(TM), Inc. (OTCBB:FDRA), today announced that eight hundred businesses of all sizes from small construction companies to hundred people departments within large well known companies and school districts now have live Foldera accounts, and that its hosting infrastructure and application is performing well for these customers. Additionally over six hundred individuals have activated Foldera accounts for their own personal use.

Since opening up its Beta release the company has received over 15,000 account requests. Additionally the company has confirmed that it has received these account requests prior to launching its formal marketing program which is expected to commence in the coming weeks. On March 30th, 2007, Foldera began releasing accounts to customers in a push they have called a “Public Preview” release.

Richard Lusk, Foldera CEO and founder said, "I am really pleased with the number of account requests we have received since we launched the Beta sign up site last year. Over the past 45 days we have released an ever increasing amount of account credentials and as of today over 800 businesses have set up their own Foldera accounts. Over the next 45 days we intend to release account credentials to all of the remaining requests in the Public Preview queue.”

Blake Hunnel, Foldera Chief Information Officer, responsible for data center, hardware infrastructure and hosting services said, “I think our infrastructure is performing well and I’m glad we took the extra time to get it right. Based on the fast system performance I am seeing now, we are right on track to open up our service to the general public on June 29th, 2007. This means that any business can come to our sign up page, request an account and start using Foldera instantly. After so many years of hard work this will be a big day for us.”

Lusk went on to say, “We are receiving revenue now, and although it’s not a lot, it is a very important milestone for us as well.”

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.

About Foldera(TM), Inc.

Foldera(TM) is the secure and easy-to-use service that instantly organizes workflow. Foldera combines web-based email, instant messaging, a file 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, files, tasks, and events into folders, on a project-by-project basis, chronologically and in real time.

Foldera expects to generate revenues from the sale of services such as extra data storage, premium service and support plans, as well as from embedded search and contextual advertising. Founded in 2001, Foldera is a publicly traded company (OTCBB:FDRA), headquartered in Huntington Beach, Calif.

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 press release 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,
    * the ability to develop a strong brand identity.