Certicom Expects Contract Closing Delays to Affect First Quarter Results

    Fiscal 2008 Business Plan Still On Track

    MISSISSAUGA, ON, Aug. 1 /CNW/ Certicom Corp. (TSX: CIC) (the "Company")
today announced that revenue for the first quarter of fiscal 2008, ending
July 31, 2007, is expected to be lower than what management believes are
market expectations, primarily as a result of delays in the closing of pending
customer contracts. First quarter revenue is expected to be in the range of 
US$3.0 to $3.2 million.
    "Large, multi-year contracts, such as those Certicom is negotiating with
multinational corporations around the world, can occasionally take longer to
conclude than expected. Consequently, contract closings and therefore booking
revenue can be pushed into future quarters," said Bernard Crotty, Certicom's
President and Chief Executive Officer. "In fiscal 2007, Certicom had a
substantial increase in the number of design wins with multinationals such as
GE, Nokia, WORLDSPACE and others, covering a broad range of sectors. This
momentum provides strong evidence of the growing market adoption of ECC and we
continue to believe we are on track to achieve the goals outlined in our
fiscal 2008 business plan."
    The Company's expectations for operating expenses in the first quarter of
fiscal 2008 have been revised downward to reflect lower than expected
litigation expenses related to intellectual property protection. The revised
range for expected operating expenses for the first quarter is  US$5.9 to
$6.2 million, including US$0.4 to $0.6 million for litigation expenses. No
further comment on Certicom's results will be made until the release of
Certicom's first quarter results on September 5, 2007. Management will host a
conference call to discuss the results on September 6, 2007.

    About Certicom

    Certicom protects the value of content, applications and devices with
government-approved security. Adopted by the National Security Agency (NSA)
for classified and sensitive but unclassified government communications,
Elliptic Curve Cryptography (ECC) provides the most security per bit of any
known public-key scheme. As the global leader in ECC, Certicom security
offerings are currently licensed to more than 300 customers including General
Dynamics, Motorola, Oracle, Research In Motion and Unisys. Founded in 1985,
Certicom's corporate offices are in Mississauga, Ontario, Canada with
worldwide sales and marketing headquarters in Reston, Virginia and offices in
the U.S., Canada and Europe.

    Certicom, Certicom Security Architecture, Certicom Trust Infrastructure,
    Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder
    API, Security Builder BSP, Security Builder Crypto, Security Builder ETS,
    Security Builder GSE, Security Builder IPSec, Security Builder NSE,
    Security Builder PKI and Security Builder SSL are trademarks or
    registered trademarks of Certicom Corp. All other companies and products
    listed herein are trademarks or registered trademarks of their respective
    holders. Information subject to change.

    Except for historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties.
Forward-looking information includes information concerning the Company's
future financial performance, business strategy, plans, goals and objectives.
When used in such documents, the words "plans", "expects", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", "will",
"believes" or variations of such words and phrases often, but not always,
identify forward-looking statements. Factors which could cause actual results
or events to differ materially from current expectations include, among other
things: the ability of the Company to successfully implement its strategic
initiatives and whether such strategic initiatives will yield the expected
benefits; the ability of the Company to develop, promote and protect its
proprietary technology security breaches or defects in the Company's products;
competitive conditions in the businesses in which the Company participates;
changes in consumer spending; the outcome of legal proceedings as they arise;
general economic conditions and normal business uncertainty; consolidation in
the Company's industry and by its customers; customer preferences towards
product offerings; the risk that customers may cancel their contracts with the
Company; reliance on a limited number of customers; demand for ECC-based
technology; performance of the Company's management team and the Company's
ability to attract and retain skilled employees; operating the Company's
business profitably; fluctuations in revenue and foreign currency exchange
rates; interest rate fluctuations and other changes in borrowing costs; the
ability to develop and maintain strategic relationships; and other factors
identified under the heading "Risk Factors" in the Company's annual
information form dated July 26, 2007 and filed on SEDAR at www.sedar.com.
    While the Company believes that its forecasts and assumptions are
reasonable, results or events predicted in this forward-looking information
may differ materially from actual results or events. In particular but without
limitation, there is no assurance that the Company will achieve all or a
portion of the goals outlined in its fiscal 2008 business plan within the time
limits specified therein or at all.

For further information:

For further information: Investors and Financial Analysts: Hervé Séguin,
Chief Financial Officer, Certicom Corp., (905) 501-3827, hseguin@certicom.com;
Media: John Callahan, Director, Public Relations & Marketing Communications,
Certicom Corp., (703) 234-2357, jcallahan@certicom.com

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