Absolute Software Leads Police to Career Criminal



    Alleged computer bandit makes final mistake: steals Outback Restaurant
    computers protected by Computrace

    VANCOUVER, Nov. 1 /CNW/ - Absolute Software Corporation (TSX:ABT)
("Absolute", or the "Company"), the leading provider of firmware-based,
patented Computrace(R) Computer Theft Recovery, Data Protection and Secure
Asset Tracking(TM) today announced that it has recovered a number of laptop
computers allegedly stolen from the Tampa headquarters of OSI Restaurant
Partners LLC (parent company of Outback Steakhouse). Information collected by
Absolute's Recovery Team also led to the arrest of a career computer thief.
The alleged thief, nicknamed "the Khaki Bandit" by investigators, had eluded
police in connection with a spree of high-profile corporate laptop thefts from
coast to coast until his recent arrest.
    In a brazen daylight theft, a career laptop thief allegedly followed an
employee through the office security of the Tampa, Florida headquarters of OSI
Restaurant Partners waited for staff to leave and walked out with 11 corporate
laptops. Fortunately, nine of the stolen computers were protected by
Absolute's Computrace computer theft recovery product. OSI staff reported the
theft to Tampa police and then alerted the Absolute Recovery Team.
    Using information transmitted from the stolen laptops, the Recovery Team
was able to determine that the thief had sold the computers to a number of
unsuspecting eBay shoppers across five US states and also Taiwan. Fortunately,
tracking reports indicated that one of the computers was still located in
Miami Beach, Florida. With location information supplied by Absolute, Tampa
police collaborated with their Miami colleagues to trace the thief to a
residence in Miami Beach - where the suspect was taken into custody. The
laptop has since been traced by Absolute to a buyer in Sacramento, California.
    Upon further investigation, police officials were able to link the
alleged thief to a spree of high-profile corporate laptop thefts committed by
a villain that Milwaukee police officials had nicknamed the "Khaki Bandit."
The alleged thief earned the name for his strategy of dressing in business
casual clothes and blending into corporate head offices to steal laptop
computers during regular business hours. The thief would then sell the
computers under various aliases on eBay.
    When apprehended by the joint Tampa/Miami Beach police team, witnesses
report the alleged thief said "How the hell did you track me down? I did this
in California too." The thief is now being held without bond in the state of
Florida and subject to a nationwide returnable warrant which will return him
to California.
    Using information supplied by Absolute, police officials are now in the
process of recovering the stolen computers.
    According to John Livingston, Chairman and CEO of Absolute Software, "In
the process of recovering an average of 50 lost or stolen computers each week,
we often lead police to sophisticated criminals and a wide variety of related
crimes. This is the kind of story that really makes my day and is a great
example of preparedness on the part of OSI Restaurant Partners."

    How Computrace Works

    When a computer protected by Computrace is reported stolen, the embedded
Computrace agent sends a silent signal to Absolute's Monitoring Center
providing critical location information. Absolute then works with local law
enforcement to recover the computer backed by a $1,000 recovery guarantee(1).
The stealthy Computrace software agent can survive accidental or deliberate
attempts at removal or disablement. With embedded support in the BIOS(2)
Firmware of a computer, the Computrace agent is capable of surviving operating
system re-installations, as well as hard-drive reformats, replacements and
re-imaging.
    For more information on Absolute Software and its range of Computer Theft
Recovery, Data Protection and Secure Asset Tracking(TM) solutions, please
visit www.absolute.com or www.lojackforlaptops.com.

    
    (1) Certain conditions apply. For full details visit:
        www.absolute.com/pdf/eula.pdf
    (2) For a complete list of BIOS-supported computers visit
        www.absolute.com/BIOS.
    

    About Absolute Software

    Absolute Software Corporation (TSX: ABT) is the leader in Computer Theft
Recovery, Data Protection and Secure Asset Tracking(TM) solutions. Absolute
Software provides organizations and consumers with solutions in the areas of
regulatory compliance, data protection and theft recovery. The Company's
Computrace(R) software is embedded in the BIOS of computers by global leaders,
including Dell, Fujitsu, Gateway, HP, Lenovo, Motion, Panasonic and Toshiba,
and the Company has reselling partnerships with these OEMs and others,
including Apple. For more information about Absolute Software and Computrace,
visit www.absolute.com or http://blog.absolute.com/.

    Forward-Looking Statements This press release contains forward-looking
statements that involve risks and uncertainties. These forward-looking
statements relate to, among other things, the expected performance of our
services and products, possible guarantee payment eligibility, and other
expectations, intentions and plans contained in this press release that are
not historical fact. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current expectations.
They are subject to a number of risks and uncertainties, including, but not
limited to, changes in technology and general market conditions. In light of
the many risks and uncertainties you should understand that we cannot assure
you that the forward-looking statements contained in this press release will
be realized.

    (C)2007 Absolute Software Corporation. All rights reserved. Computrace
    and Absolute are registered trademarks of Absolute Software Corporation.
    All other trademarks are property of their respective owners. Computrace
    U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 5,896,497,
    No. 6,244,758, No. 6,269,392, No. 6,300,863, and No. 6,507,914. Canadian
    patents No. 2,284,806 and No. 2,205,370. U.K. patents No. EP793823 and
    No. GB2338101. German patent No. 695 125 34.6-08. Australian patent No.
    699045. The Toronto Stock Exchange has neither approved nor disapproved
    of the information contained in this news release.





For further information:

For further information: Public Relations: Courtney Chauvin, Affect
Strategies, (212) 398-9680, courtney@affectstrategies.com; Investor Relations:
Dave Mason, CFA, The Equicom Group, (416) 815-0700 x237,
dmason@equicomgroup.com

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