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ActivIdentity Corporation News

ActivIdentity Chief Financial Officer to Step Down

FREMONT, Calif., March 13 PRNewswire-FirstCall — ActivIdentity Corporation (Nasdaq: ACTI), a global leader in digital identity assurance, today announced that Mark Lustig will step down from the position of chief financial officer to pursue opportunities outside of the IT security industry.

Lustig will remain with the company through May 9, 2008. The company has already commenced a search for his successor.

"We thank Mark for his contributions to the company and wish him well as he explores the next stage of his career outside of the security industry," said Thomas Jahn, ActivIdentity CEO. "Mark will remain with us through May of this year to ensure a smooth transition to his successor, to be determined by the executive management team and a new Board of Directors. This new Board will be elected today and I look forward to working with them through this next stage of the company's growth."

Lustig joined ActivIdentity in February 2006 from the Sanmina-SCI Corporation where he held various positions including the senior vice president of finance and corporate controller.

"My decision to step down from the position of CFO was a difficult one. In my next endeavors, I will build on my past experience at Sanmina-SCI and move back to my roots in manufacturing," said Lustig. "I have enjoyed my time at ActivIdentity and believe that the company and its new Board are poised to usher in the next era of identity solutions."

About ActivIdentity

ActivIdentity(R) Corporation (Nasdaq: ACTI) identity solutions secure the business of enterprise, government, healthcare, and financial services organizations worldwide. Trusted identity is the core of the ActivIdentity platform enabling security for data, networks, applications, passwords and credentials, web, email and documents, transactions as well as converged security.

ActivIdentity(R) solutions support the convergence of physical and logical identity through strong authentication with smart card management lifecycle management, adding enterprise single sign on, and data encryption and digital signature.

ActivIdentity customers experience multiple benefits including increased network security, protection against identity theft and online fraud, enhanced workforce productivity, business process efficiencies, and regulatory compliance.

For more information, visit http://www.actividentity.com.

ActivIdentity and ActivCard are registered trademarks in the United States and/or other countries. All other trademarks are the property of their respective owners in the United States and/or other countries.

Forward-Looking Statements Safe Harbor

The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include risks relating to variability in operating results, our history of losses, the integration of acquired business and technologies, and other risks identified under the caption "Risk Factors" in our most recent Annual Report on Form 10-K, and in subsequent Quarterly Reports on Form 10-Q, which are filed with the United States Securities and Exchange Commission (SEC). Copies of these filings are available from the Company and on the SEC's website at http://www.sec.gov. Actual results, events and performance may differ materially from our forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE ActivIdentity Corporation

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