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Neoteris Brings Industry-Leading Instant Virtual Extranet Products to Korean Market

Networking Veteran to Lead New Korea Sales Office of Leading Provider of SSL-Based Remote Access Products

Seoul, KOREA - October 1, 2003 - Neoteris™, Inc., the leading Application Security Gateway vendor with more than 550 enterprise customers and one million users worldwide, today announced that it has opened a new office in Seoul, Korea, to support the growing local demand for its industry-leading secure access products. The company recently appointed Country Manager Hong-Keun (HK) Park, who has begun building a team to address local business development, channel management, sales and account management, customer support, and marketing activities.

In support of the company’s continued expansion in the Asia-Pacific region, Neoteris has also signed two new reseller agreements with Narae Systems Co., Ltd., and iPauth Solutions, Inc., both leading providers of networking solutions in Korea. The company selected Narae Systems and iPauth Solutions as initial Korean resellers based on their strong field performance, localization expertise, ability to build lasting relationships with enterprise-class customers, and their reputations for superior customer support. The combination of Neoteris’ new local team and the resellers will help drive the demand for Neoteris’ Access Series™ and Meeting Series™ products in Korea.

“Narae Systems was looking for the right partner in the fast-growing remote access market, especially SSL VPN,” said Maeng-Woo Lee, president and CEO at Narae Systems. “We recognized Neoteris’ success in the U.S. and found that they offer the best secure remote access solutions with the broadest range of support in the market today. We believe Neoteris is poised to be a significant player in Korea and across Asia, and are happy to be part of their efforts.”

“The market opportunity in Asia-Pac is enormous, especially in countries such as Korea that have a high concentration of mobile knowledge workers with broadband Internet connectivity who are ideally suited to benefit from the ubiquitous secure access provided by our products,” said Krishna “Kittu” Kolluri, president and CEO of Neoteris. “We anticipate the demand for our SSL-based secure access solutions will grow in Korea. With the hiring of HK, who has extensive sales management and technical expertise to the region, and the support of leading resellers in Korea, we’ll be able to fully meet that demand. The opening of our new office is another validation of our commitment to markets outside of the United States.”

Prior to joining Neoteris, Park served as the acting country manager and sales manager in Korea for NetScreen Technologies, Inc., a developer of integrated network security solutions for enterprises and carriers. Before NetScreen, Park was the country manager responsible for sales activities in Korea for CacheFlow, Inc. (now Blue Coat Systems Inc.). Park has also served in several managerial positions in Korea for RSA Security, Inc., Newbridge (now Alcatel), Sun Microsystems, and Hyundai Electronics. He has more than 13 years of networking experience, which he will leverage to help Neoteris’ expansion efforts.

The Neoteris office in Korea is located in Suite 913, Woosungcharacter199 B/D, 467-24, Dokok-Dong, Kangnam-Gu, Seoul, Korea, 135-856. In addition to this newly established office, the company has operations in Japan, North America, India, the United Kingdom and Germany.

Neoteris Access Series Product Family

The Neoteris Access Series™, built upon the award-winning Neoteris Instant Virtual Extranet (IVE) platform, provides enterprise-class secure access to network resources for remote employees, customers, and partners. Contrary to traditional access technologies, there is no client software to install because Neoteris leverages SSL for secure, controlled access to resources via any Web browser. The Access appliances also eliminate the need to secure or harden servers, or make changes to existing infrastructure. The result is a more cost effective, secure access solution that is easy for customers to deploy and simple for end-users to operate.

Neoteris Access appliances provide application-layer access, stringent access controls, and granular auditing and reporting capabilities to further minimize IT headaches and security concerns. Additionally, the IVE platform offers enterprise-class high availability and performance scalability options, so secure access can be deployed on a wide scale without worrying about user downtime, lost productivity or network performance. Neoteris IVE appliances have passed rigorous security audits by TruSecure Corporation, Cryptography Research, Inc., and security and forensic computing expert Dan Farmer. The products have also won numerous awards as an innovative and compelling access solution, helping enterprises and schools increase efficiency and productivity.

The Neoteris Meeting Series Product Family

The Neoteris Meeting Series™ is the industry’s first secure cross-enterprise meeting appliance. Built upon the award-winning IVE platform, the Meeting Series enables enterprises to leverage their IT infrastructure to deploy secure, real-time collaboration at a fraction of the cost of alternative solutions. The Meeting Series does not require software deployments or a custom extranet, and it instantly secures cross-enterprise online meetings, protecting enterprises from data exposure, AAA policy violations, system compromises, and network penetration, all while reducing the cost of cross-enterprise collaboration.

Pricing and Availability

The Neoteris Access Series and Meeting Series products are available from qualified Korean resellers with prices starting at approximately 30,000,000 KRW. For sales or to contact the Neoteris Korea office, call Hong-Keun (HK) Park, country manager, at +82-2-572-6695. To become a qualified sales partner see www.neoteris.com/partnersfor more information on how to join the Neoteris Channel Partner Program.

About NetScreen Technologies

NetScreen Technologies, Inc., is a leading developer of integrated network security solutions that offer the security, performance and total cost of ownership required by enterprises and carriers. NetScreen’s innovative solutions provide key security technologies, such as virtual private network, denial of service protection, firewall and intrusion prevention, in a line of easy-to-manage security appliances and systems. NetScreen is located at 805 11th Ave., Sunnyvale, CA, 94089. More information on NetScreen’s products can be found at http://www.netscreen.com or by calling toll free at 1-800-638-8296.

NetScreen and the NetScreen logo are trademarks of NetScreen Technologies, Inc. in the United States and other countries. Trend Micro is a trademark or registered trademark of Trend Micro Incorporated. Other trademarks are the property of their respective owners.

This press release contains forward-looking statements about events and circumstances that have not yet occurred. For example, words such as “will”, “expects”, “provide”, “continue”, and “allows”, or other statements in the future tense, are forward-looking statements. Actual outcomes and results may differ materially from expectations in this press release due to a number of risks and uncertainties. Such risks and uncertainties include whether the market for security products will grow as projected, if at all, whether demand for NetScreen products will continue, whether new products, if and when introduced, will be successful and whether products will perform as expected.