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Two Leading Executives from Fujitsu and Compaq Join ZipLip's Board

MOUNTAIN VIEW, CA – July 5, 2001

ZipLip, Inc., the leading provider for the next generation of scalable J2EE messaging and collaboration software, today announced that Mikio Ohtsuki and Masaru Vic Murai have joined the company's board of advisors and directors, respectively.

During his 45 years at Fujitsu Corporation, Mr. Otsuki served in various capacities, culminating in top management roles, where he served as Executive Vice President in the early nineties. He subsequently assumed the CEO and Chairman role at Fujitsu Business Systems, until he retired from active management in 2000. He now serves in an advisory capacity. Mr. Otsuki is also the recipient of several awards from the Ministry of Science and Technology and the Ministry of Post, Telephone and Telegraph for distinguished technology contributions to his country.

Mr. Murai started his career in high tech 29 years ago with IBM in New York and later Japan where he subsequently joined Compaq KK in 1991 as its President and built its market position. Currently, he is the Special Advisor of General Atlantic Partners, LLC, a leading venture capitalist firm headquartered in Stamford, Connecticut. Mr. Murai currently serves on the board of several companies and plays a leading role in connecting Japan's high tech sector with the established corporate community.

"We are excited to welcome not one, but two people, with the breadth of knowledge and experience to ZipLip. Both Mr. Ohtsuki and Mr. Murai bring extensive management and technology insight into building fast growth companies in both old and new markets, " said Kon Leong, co-founder, President and CEO of ZipLip, Inc.

Mr. Ohtsuki joins three other members of ZipLip's Advisory Board, including Dr. Carolyn Turbyfill, the former head of Sun Microsystems security group and one of the country's leading security experts, Pamela Kline, a partner at The McKenna Group focusing on high tech marketing, and Philip Crawford, Vice President of IT Planning at a leading money center in the U.S.

About ZipLip: ZipLip, Inc., based in Mountain View, California, offers the world's only scalable 100% Java, J2EE-based platform to enable controlled communications, access and sharing of corporate intelligence. Its platform, the ZipLip Secure Data Exchange (ZDX.), offers secure email and secure file access and sharing, with complete control over who accesses which data, when, and what can be done with it, including detailed audit trails. Built for carrier-grade performance and easy integration into other Web applications, ZipLip's technology is available as a software license or service to carriers, ASPs, large enterprises, and healthcare and financial institutions. For more information on ZipLip, check out http://www.ziplip.com

Contact: Jumin Kim
Tel:(650) 968 8989
Fax:(650) 968 9089
jlkim@ziplip.com

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