Proginet Appoints New Chairman and Elects Three New Board Members

    GARDEN CITY, N.Y., December 3 /CNW/ - Proginet Corporation (OTCBB: PRGF),
developer of enterprise software for managed file transfer and security, today
announced the election of three new members to the Company's Board of
Directors. Amit K. Basak, Stephen Kezirian, and Allen J. Wolpert were elected
at the Company's Annual General Meeting, held at Proginet's corporate
headquarters on Friday, November 30, 2007. The new directors join existing
board members Kevin M. Kelly, George T. Hawes, and Dr. E. Kelly Hyslop, who
has been appointed Chairman of the Board.

    "Proginet is at a turning point in its history, and is poised for
substantial growth in expanding markets," stated Kevin M. Kelly, Proginet's
President and CEO. "The background, talent, and experience of these new Board
members will help the Company aggressively pursue its strategic initiatives.
Additionally, Dr. Hyslop's appointment as Chairman provides the continuity and
strong leadership required as the newly-formed board looks to accelerate
Proginet's growth," he concluded.

    Amit K. Basak is a private equity investor with executive management
experience in the fields of investment banking and product sales and
marketing. From 2003 to 2007, he was General Manager of Click Tactics, Inc., a
leading provider of outsourced marketing services for the Fortune 500. Prior
to this, Mr. Basak was Director of Marketing at Compete, Inc., a
market-research firm. Earlier in his career, Mr. Basak ran product marketing
at Yantra Corporation, an enterprise software company in the supply chain
planning and execution space (later acquired by Sterling Commerce). In private
equity, he worked at ConnectCapital, an affiliate of Insight Venture Partner
focused on U.S.-India cross-border investing, as well as at J.H. Whitney & Co.
Mr. Basak began his career as an investment banker in the M&A department at
Morgan Stanley. He holds a B.A. from Yale University and an MBA from Harvard
Business School.

    Stephen Kezirian is Vice President at Sprint Nextel where he manages more
than 5,000 individuals in vendor and in-source call center locations around
the world. His group is responsible for all sales activities through the
Telesales channel, as well as sales-support operations for orders submitted
through both the Telesales and Web channels. Prior to joining Sprint in 2004,
Mr. Kezirian held various positions at Morgan Stanley, J.H. Whitney, McKinsey,
and He holds a bachelors degree in Economics from Harvard
University, and a Masters of Business Administration from Harvard Business

    Allen J. Wolpert was associated with Accenture (Arthur Andersen/Anderson
Consulting) from 1979 to 2002. He became a Partner in the company in 1986, and
served in that capacity until 2002, focusing, primarily, on technology systems
building and consulting. During his time at Accenture, Mr. Wolpert was
instrumental in helping grow the company's management consulting practice from
5,000 consultants in 1979, to close to 100,000 globally by 2002. Since
retiring from Accenture in 2002, Mr. Wolpert has been an investor and advisor
to companies in Publishing, Media, and Medical Practice Management. He has
appeared on CNBC's Technology Edge, and has been interviewed frequently by
leading publications, including CIO Magazine, Insurance & Technology, Future
Banker, and The New York Times. He studied Electrical Engineering at the
Polytechnic Institute of Brooklyn and received a BA/MPs degree in Health
Services from The New School in New York.

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

    About Proginet Corporation

    Proginet Corporation is a developer of enterprise software for managed
file transfer and security. 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), SecurForce(TM), SecurPass(R), and SecurAccess(TM), support all
major computing platforms, from PCs to mainframes. Proginet's global customer
base spans more than 30 countries and includes many Fortune 500 companies. The
company is headquartered in Garden City, N.Y., with offices in Toronto,
Canada, and is publicly traded under the symbol (OTCBB: PRGF). For more
information, visit


    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

For further information:

For further information: Proginet Corporation Debra DiMaria Chief
Financial Officer 516-535-3681

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