eCrypt Technologies, Inc. (ECRY.OB) Secures $2 Million in Financing

BOULDER, Colo.--(BUSINESS WIRE)--eCrypt Technologies, Inc. (OTCBB: ECRY) is pleased to announce it has secured USD$2 million pursuant to a financing agreement signed in April. To date, eCrypt Technologies, Inc. (the “Company”) has received $400,000.

“It also allows us to continue our research and development to allow eCrypt to stay at the forefront of wireless security as the world increasingly turns to wireless apps.”

The financing is in exchange for issuing restricted common stock.

“We’re very pleased to have secured the financing as it allows the Company to ensure its 2010 operational goals can be initiated. We took the first step when we launched a national ad campaign with a 30-second commercial that aired on CNBC, and is available for viewing on YouTube and on the Company’s website,” commented Brad Lever, CEO of eCrypt. “It also allows us to continue our research and development to allow eCrypt to stay at the forefront of wireless security as the world increasingly turns to wireless apps.”

eCrypt’s signature software affords users complete security on their BlackBerry® smartphones by opening a secure “tunnel” for communication between two users, with unique keys that are not stored on any servers. BlackBerry smartphones are the flagship product of Research in Motion (NASDAQ: RIMM).

About eCrypt Technologies

eCrypt Technologies, Inc. is an information security firm with a focus on the wireless industry. Its flagship product “eCrypt” is a first-of-its-kind encryption software for wireless email on BlackBerry® smartphones, and is available under a perpetual license or on a pay-per-use basis. Using the strongest encryption algorithms available for the BlackBerry® smartphone OS, eCrypt software prevents unwanted access to email messages during transmission and storage on servers and PCs. Users may communicate freely with each other knowing that no one has access to the content of their emails.

eCrypt is a member of the BlackBerry® Alliance Program and has successfully obtained a Mass Market Status for its product from the U.S. Department of Commerce, Bureau of Industry and Security. This status allows eCrypt to export and re-export the software under section 742.15(B)(2) of the Export Administration Regulations, and is recognized by the Wassenaar Arrangement.

eCrypt is available for BlackBerry® Internet Service and BlackBerry® Enterprise Server customers.

For further information, go to: www.ecryptinc.com or www.yourprivacyisourbusiness.com.