Press Releases

Entrust Selects Tokyo as Headquarters for Asian Region Operations

Solid Business Performance Drives Continued Increase in Investment for Entrust Japan

27 Aug 2002

DALLAS -- Entrust, Inc. [Nasdaq: ENTU], a leading global provider of Internet security solutions and services, announced today that it has selected Tokyo as its central operations center to serve the Asian region. This decision is the result of solid increases in business performance fueled by additional investments and organizational changes implemented in April.

"We are pleased that the demand for our enhanced Internet security products in the Asian region continues to grow despite economic challenges occurring in the other key markets," said Bill Conner, chairman, president and CEO of Entrust. "While other companies have decreased their overall and regional investments, we are continuing to increase our investment in Entrust's Asian operations relative to our improved business performance. Specifically, we are now delivering secure wireless solutions for the world's leading mobile market using expertise we have gained from our experience in working with the first 3G operator in Europe."

In addition, organizational adjustments made earlier this year in the company's Japanese operations have resulted in a strong turnaround in Entrust Japan's results. This strategic move also enhanced the company's ability to provide more localized products and professional services, as well as enhanced customer support. As evidence of these localization efforts, Entrust Japan will be announcing that the Entrust GetAccess Mobile Server has been localized for the major mobile phone providers in the Japanese market. Building on his initial success in Japan and more than four years of experience with Entrust, Brad Almond, will assume responsibility for all Entrust Asian operations as the General Manager, Entrust Asia as well as continuing as President of Entrust Japan.

"With the adjustments to Entrust Japan earlier this year behind us, we have now turned our efforts towards providing the specific security solutions that are demanded in Japan as well as the Asian region as a whole," said Almond. "The ability to adjust products and solutions to address local needs is an essential element of delivering the security solutions for our diverse customers. We are thrilled that we are now positioned to expand beyond our base in Tokyo."

The existing shareholders of Entrust Japan include: Secom Co., Ltd., NTT Data Corporation, Sony Corporation, Orix Corporation, The Bank of Tokyo Mitsubishi, Ltd., UFJ Bank, Sumitomo Mitsui Banking Corporation, Toyota Motor Corporation, Mizuho Bank, Ltd., Nomura Holdings Co., Ltd., Nippon Life Insurance Co., Sumitomo Life Insurance Co., Meji Mutual Life Insurance Co., Sumitomo Electronic Industries, Ltd., and Nippon Venture Capital Co.

Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. Entrust is a registered trademark of Entrust Limited in Canada. All other Entrust product names and service names are trademarks or registered trademarks of Entrust, Inc or Entrust Limited. All other company and product names are trademarks or registered trademarks of their respective owners.