Proginet Announces Annual General Meeting



    GARDEN CITY, N.Y., August 29 /CNW/ - Proginet Corporation (OTCBB: PRGF),
developer of enterprise security software, today announced its Annual General
Meeting (AGM), to be held at 10 a.m. Eastern Time on Tuesday, November 20th,
2007, at the Company's corporate headquarters at 200 Garden City Plaza, Garden
City, N.Y. 11530. Shareholders of record at the close of business on October
3, 2007 will be formally notified of the meeting by mail in October.

    All shareholders are encouraged to vote their shares by proxy card, which
will be mailed with the Proxy Statement and 2007 10-KSB, or to attend in
person to vote their shares.

    To participate in the AGM, shareholders should call in at the numbers
below immediately prior to the event (you will need all of the following
information):

    
        Toll-free Number: 1 (800) 475-0212
        Toll Number: 1 (210) 234-0001
        Leader: Kevin M. Kelly
        Passcode: Proginet
    

    The principal functions of the Annual General Meeting will be to:

    --  Vote on the election of the Board of Directors, approval of auditors,
and other matters that may be on the proxy ballot

    --  Report the results of the proxy voting

    Notice of Change in Process and Timeline

    Shareholders should note that the Annual General Meeting will not be the
venue for the Annual Investor Presentation or Fiscal 2008 Business Plan. As
previously announced, these presentations have been brought forward by two
months and will be presented at the Annual Investor Presentation and
Conference Call, to take place on Tuesday September 18, 2007 at 4:00 p.m. The
Company will report fiscal 2007 financial results on the same day.

    The Schedule of Events included below clarifies key dates impacted by
this change in process and timeline.

    REMINDER: Annual Investor Presentation and Conference Call

    Proginet will hold its Annual Investor Presentation and Conference Call
on Tuesday, September 18, 2007 at 4:00 p.m. Eastern Time (ET). The call will
be an opportunity to review fiscal 2007 financial results and to discuss the
fiscal 2008 Business Plan and financial projections for the year.

    
        NOTE: The Annual Investor Presentation and Conference Call will be
        a major shareholder event and will include much of the information
        normally covered in Proginet's Annual General Meeting, which takes
        place each year in November. The Company has brought this Annual
        Investor Presentation and Conference Call forward by two months in
        order to ensure that it can deliver more timely information to
        investors. Investors are encouraged to actively participate in the
        call.
    

    To listen or participate, investors should call in at the numbers below
immediately prior to the event (you will need all of the following
information).

    
        Toll-free Number: 1 (888) 795-2173 (US & Canada)
        Toll Number: 1 (210) 234-0002
        Leader: Kevin M. Kelly
        Passcode: Proginet
    

    There will also be a simultaneous Web presentation. Participants can view
the presentation by clicking on the following link at the start of the call
(you will need a computer with a live Internet connection):

    
        Link: https://e-meetings.verizonbusiness.com/nc/join/
        Conference Number: PA1773933
        Audience Passcode: PROGINET
    

    

    ----------------------------------------------------------------------

                              Schedule of Events
    ----------------------------------------------------------------------

    ----------------------------------------------------------------------
    October 3, 2007    Record Date
                       Date on which holders of record will be determined
                        as eligible to vote their shares.
    ----------------------------------------------------------------------
    September 18, 2007 Annual Investor Presentation and Conference Call
                       Review of FY07 Financials and FY08 Business Plan
                        (formerly done at Annual Shareholder meeting in
                        November).
    ----------------------------------------------------------------------
    November 20, 2007  Annual General Meeting
                       Date on which proxy vote cards are tabulated.
                        Shares can be voted in person on matters contained
                        in the Proxy Statement.
    ----------------------------------------------------------------------
    

    To receive press releases and other corporate communications directly
from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.

    About Proginet Corporation

    Proginet is a developer of enterprise security software. Throughout its
20-year history, the Company has earned a solid reputation for its
multi-platform expertise and dedication to customer service. Its products,
including CyberFusion Integration Suite (CFI)(TM), CyberFusion(R),
SecurForce(TM), SecurPass(R), and SecurAccess(TM), support all major computing
platforms, from PCs to mainframes. Proginet's global customer base spans more
than 23 countries and includes many Fortune 500 companies. The Company is
headquartered in Garden City, NY, has offices in Toronto, Canada, and is
publicly traded under the symbol (OTCBB: PRGF). Visit the Company online at
www.proginet.com.

    Disclaimer

    This press release may contain forward-looking information within the
meaning of Section 29A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbors under
those sections. In some cases, you can identify forward-looking statements by
terminology such as "expect," "believe," "may," "will," "plans" and
"anticipate," or the negative of such terms or comparable terminology.
Forward-looking statements appearing herein include statements concerning
operating and profitability plans and goals and are based on current
expectations.

    The matters discussed in this press release also involve risks and
uncertainties described from time to time in documents filed with the
Securities and Exchange Commission, including but not limited to Form 10-KSBs,
Form 10-QSBs, Form SB2's and Form 8-Ks (www.sec.gov).




For further information:

For further information: Proginet Corporation Debra DiMaria,
516-535-3681 Chief Financial Officer ddimaria@proginet.com

Organization Profile

PROGINET CORPORATION

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