Triangle Technologies Ltd.

Cyota Secures $10M In Second Round Financing

NEW YORK, NY (December 18, 2000) Cyota announced today that it has closed a $10 million second round of private financing. The company will use the funds to continue rapidly expanding into the European and Asian markets.

   Cyota's flagship product, SecureClick, allows consumer to make purchases online without revealing their real credit card number. The system replaces the number with a unique, protected number, and also checks the customer's final invoice for discrepancies.

   GE-Giza, headed by Zvi Schechter, led the round of financing, which also included a significant investment from Dresdner Kleinwort Benson, Toshiba's iVC company (which was brought in by Triangle Technologies), Poalim Capital Markets, and Israel Seed Partners, Cyota's initial investor. Zvi Schechter, general partner of Giza Venture Capital, will join the board of directors of Cyota.

   "We are excited about becoming equity partners in the leading online payment security provider," said Schechter. "We believe in Cyota's unique products and premier management team are very pleased with Cyota's growth and traction to date."

   "This successful round adds to our momentum and reflects the strength and continued growth opportunities of Cyota," said Gary Heatherington, Cyota CEO. "We are excited by the continued expansion and development of our Secure Suite of products and by the success of SecureClick."

"iVC is looking for world leading Internet and mobile Internet technologies which they can adapt to the Japanese market and Cyota's security technology is ideal for this." says Dr. Katsuhiko Yamashita, Vice President and chief strategist office of iVC. We think through close cooperation between us and Israeli companies we could come up with desired technologies and products which will lead the world-wide market. Toshiba sees Israeli related technology playing a central role in its world-wide Internet strategy, and expects to make additional investments soon", commented Dr. Yamashita..

About Cyota

Cyota is an online payment security company founded in 1999. SecureClick™, developed under the supervision of a world leading security expert, Prof. Adi Shamir, is Cyota's flagship product that provides credit card issuers and their customers complete online fraud protection. The company is headquartered in New York City with an R&D subsidiary in Israel. Cyota is a privately held company, backed by a global venture capital corporation. For more information, please contact Cyota or visit our web site at www.cyota.com

About Triangle Technologies

Triangle Technologies forms technology oriented alliances between Israeli and Japanese companies. Triangle Technologies has three major areas of activity strategic alliance formation; private placement and venture creation. With more than 100 years cumulative experience in Japanese, Israeli, and international marketplaces, Triangle Technologies' executives work with Israel's technology leaders and Japan's leading manufacturers, Internet and e-commerce players, trading companies, venture capital funds, and other financial institutions. Triangle Technologies has signed over 60 Asian-Israeli deals, and has been instrumental in creating new ventures, most recently in the Internet and e-Commerce area. More information is available at http://www.triangletech.com

About iVC, Toshiba Corporation

iValue Creation Company was established in April 2000 as an in-house company of Toshiba Corporation to spearhead Toshiba's new Internet, e-commerce and mobile Internet strategy. The new company's strategy includes investing in other companies developing new technologies for Internet and mobile Internet applications in order to form strategic alliances with those companies.

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SecureClick is a registered trademark of Cyota.