FOR IMMEDIATE RELEASE

PANDESA ANNOUNCES SHAREVAULT - THE HIGH VELOCITY VIRTUAL DATA ROOM

Next Generation Virtual Data Room Incorporates Web 2.0 Technology, Allowing Users To Rapidly Deploy a Secure Repository For Deal-Related Documents

Cupertino, CA, November 14, 2006 — Pandesa Corporation today announced the availability of Pandesa ShareVault, the company’s on-demand virtual deal room for across-the-firewall document sharing during mergers, acquisitions, joint ventures, technology licensing, complex real estate deals, syndicated loans, and other high-value transactions.

Up and running in hours, not days
ShareVault is the first virtual data room that users can deploy themselves, right from the ShareVault Web site. A step-by-step wizard guides the user through the ShareVault configuration process. Documents are uploaded via a fast, encrypted connection by dragging and dropping multiple files and/or entire folders. For paper documents, scanning services are also available.Documents uploaded to the ShareVault are automatically converted to PDF with support for more than 300 file types including Microsoft Word®, Excel®, PowerPoint®, Project®, Visio® and hundreds of others. ShareVault contents are organized via a flexible, tag-based structure, supporting due-diligence list terms and/or other deal-related processes. ShareVault also features a tightly integrated full-text search engine, visual content browsing and in-place editing of tags and permissions.

High-Grade Security and Reliability
Security features include 128-bit encryption, document-level access control, and audit trail capabilities. ShareVault is delivered from a SAS-70 part II compliant data center, with hardware and infrastructure redundancy, to ensure the high-grade reliability needed for critical deals.

A new breed of business application
ShareVault is the first virtual deal room to incorporate functionality based on “Web 2.0″ - a recent movement in internet-based services toward higher interactivity. “Our design objective was to dramatically accelerate deals by leveraging recent advancements in web-based software. We’ve incorporated state-of-the-art AJAX technology to deliver a rich, interactive user experience”, said Richard Andersen, Pandesa’s CEO. AJAX, meaning Asynchronous JavaScript and XML, is a software technology that delivers desktop-like functionality in a web-based application. For example, search results are displayed with zoom-able thumbnail images to facilitate efficient document browsing.

Customer affirmation
ShareVault is already hosting important deals for a billion-dollar Silicon Valley corporation, and Pandesa management expects to be hosting several other major deals shortly.

Users can try before they buy
After attending the webinar, users can quickly setup a ShareVault and use it on a real deal before committing to purchase. This “self serve” capability allows companies to reduce the time required to prepare for a transaction. Interested firms can sign up for a webinar at www.sharevault.com.

About Pandesa
Pandesa Corporation provides Web-based business content sharing services for a variety of industries and applications based on its high performance, database-driven, multi-tenant information repository. Founded in 2003, Pandesa’s corporate headquarters are in Cupertino, California, and the company operates a development center located in Bangalore, India.

Contact: John Badger, VP Marketing, Pandesa Corporation, +1-800-380-7652, ext. 2 or jbadger@pandesa.com

FOR IMMEDIATE RELEASEPandesa Announces Version 2.0 of Pandesa ShareSpace™

Rich, Interactive “Web 2.0″ Content Sharing Service Provides Flexibility and Rapid Deployment for Managing Document Intensive Business Processes; Customers Praise Ease-of-Use and Boundaryless Accessibility.

Cupertino, CA, August 17, 2006 - Pandesa Corporation today announced the availability of version 2.0 of Pandesa ShareSpace™, the company’s on-demand business content sharing service.

Pandesa’s ShareSpace™ offering is a secure, web-based content sharing platform with an enterprise-grade full-text search capability. Collaborating teams can easily share, store, find and reuse business documents in the ShareSpace. Pandesa customers are able to quickly set up and configure ShareSpaces for a variety of applications, including document management, document control, content repositories, media libraries, knowledge bases, digital asset management, patent libraries, and clinical data capture. Users can sign up for a free ShareSpace at www.pandesa.com, and be up-and-running in a matter of minutes. For example, marketing organizations can utilize the solution as a searchable repository for sharing presentations, brochures, white papers, drawings, images, and other digital assets.

A new breed of business applicationThe new release introduces a host of rich “Web 2.0″ features, previously not available to business users. “Our design objective was to dramatically improve the content search and browse experience available to businesses. We’ve incorporated state-of-the-art AJAX technology to deliver a rich, interactive user experience similar to what consumers have come to expect from the latest photo sharing sites,” said John Badger, Pandesa’s VP of Sales and Marketing. AJAX, meaning Asynchronous JavaScript and XML, is a software technology that advanced consumer-oriented web sites have used to provide a rich user experience. For example, search results are displayed with thumbnail preview images showing the first page of each document, allowing users to browse content visually. The thumbnails are zoom-able; users mouse-over an image to instantly magnify and reveal more detail. This feature enables users to rapidly peruse a list of search results in order to quickly locate content. The zoom-able thumbnail feature is available for more than 300 file types including Microsoft Word®, Excel®, PowerPoint®, Project® as well as AutoCAD®, Adobe Illustrator® and many other business-oriented file formats.

Foster Enterprises, a real estate development firm in Redwood City, California, is using its Pandesa ShareSpace™ to collaborate across several of its development projects so that principals and project managers can share documents with sub-contractors, clients, consultants, local governments and other project stake holders. Dan Jones, Project Manager, explains that “Pandesa has proven to be a simple, effective, and easy-to-use data management solution which gives us the capabilities of sharing an entire office full of files with outside associates, who would normally have little or no effective means of accessing important project information on their own. The interface is straightforward and anyone who is even remotely computer-literate will be able to use this product easily. We now have the ability to access useful project files anytime on any computer with an internet connection.”

About PandesaPandesa Corporation provides web-based content sharing services for a variety of industries and applications based on its high performance, search-centric, multi-tenant information repository. Founded in 2003, Pandesa’s corporate headquarters are in Cupertino, California, with a development team located in Bangalore, India.

Contact: John Badger, VP Sales & Marketing, Pandesa Corporation, +1-800-380-7652, ext. 1 or jbadger@pandesa.com

FOR IMMEDIATE RELEASE

Pandesa announces new Java publishing applet for Pandesa ShareSpace™

Cupertino, CA, May 25, 2006 — Pandesa Corporation today announced a Java applet that enables multiple files and folders to be published simultaneously from within the Pandesa ShareSpace™ web-based application, using drag-and-drop.

Pandesa ShareSpace™ is an information sharing platform that allows teams to share, store, find and reuse high-value information using a refreshingly easy-to-use web-based application. Pandesa customers use the highly configurable environment as a solution for a variety of applications, including document management, document control, content repositories, media libraries, and digital asset management. You can sign up for a free ShareSpace at www.pandesa.com, and be up-and-running in a matter of minutes.

Most Windows-based Pandesa users have downloaded and installed Pandesa ShareSpace for Windows®, a ‘thin client’ that allows users to publish multiple files, folders, emails and contacts using publishing feature which is directly integrated with Windows and Office. However, Mac and Linux users, or Windows users who elect not to install the client software, were limited to using the HTML publishing page to publish one file at a time (a limitation of HTML). The new Java applet allows users of any operating system to publish multiple files and folders.

The applet displays three ‘panes’ to the user. The first pane is a scrolling window with the files and folders to be uploaded. Users either drag-and-drop files and/or folders into this list, or click the browse button to select the files using the file browser. The second pane is a list of available tags, configurable by the system administrator, allowing the user to attach tags to the published files. The third pane is a checklist of user groups and users, allowing the user to specify access rights for the published content.

The new Java applet requires version 1.5.2+ of the Java browser plugin, available for download from Sun Microsystems website. Users will also find an upgrade link directly within the Pandesa publishing page.

All new and existing Pandesa ShareSpace™ users can immediately begin using the new publishing applet.

About Pandesa
Pandesa Corporation provides web-based information sharing services for a variety of industries and and applications based on its high performance, database-driven, multi-tenant infomation repository. Founded in 2003, Pandesa’s corporate headquarters are in Cupertino, California, with a development team located in Bangalore, India.

Contact: John Badger, VP Sales & Marketing, Pandesa Corporation, +1-800-380-7652, ext. 1 or jbadger@pandesa.com

FOR IMMEDIATE RELEASE

Pandesa announces new version of Pandesa OfficeShare™ desktop client software

Cupertino, CA, April 26, 2006 — Pandesa Corporation today announced a new version of Pandesa OfficeShare™, including a host of new enhancements and useability features. Pandesa OfficeShareâ„¢ is the optional thin-client software that can be installed on Windows-based desktop and laptop computers to enhance the functionality of the Pandesa ShareSpace™ web-based application.

Pandesa ShareSpace™ is an information sharing platform that allows teams to share, store, find and reuse high-value information using a refreshingly easy-to-use web-based application. Pandesa customers use the highly configurable environment as a solution for a variety of applications, including document management, document control, content repositories, media libraries, and digital asset management. You can sign up for a free ShareSpace at www.pandesa.com, and be up-and-running in a matter of minutes.

The new software application enhances the publishing function by allowing easier and more rapid publishing of multiple files, folders, email and contacts. Three ‘panes’ are displayed to the user. The first pane is a scrolling window with the files, folders, emails and contacts to be uploaded. Users can drag-and-drop files and/or folders into this list, or just select files directly from the Windows desktop or from within Word, Excel, PowerPoint or Outlook. The second pane is a list of available tags, configurable by the system administrator, allowing the user to attach tags to the published files. The third pane is a checklist of user groups and users, allowing the user to specify access rights for the published content.

All new and existing Pandesa ShareSpaceâ„¢ users can visit the Pandesa website at www.pandesa.com to set up a ShareSpace and download the new software.

About PandesaPandesa Corporation provides web-based information sharing services for a variety of industries and and applications based on its high performance, database-driven, multi-tenant infomation repository. Founded in 2003, Pandesa’s corporate headquarters are in Cupertino, California, with a development team located in Bangalore, India.

Contact: John Badger, VP Sales & Marketing, Pandesa Corporation, +1-800-380-7652, ext. 1 or jbadger@pandesa.com

FOR IMMEDIATE RELEASE

Pandesa announces Web-based Wizard for self-serve ShareSpace setup and configuration

Cupertino, CA, February 28, 2006 — Pandesa Corporation today announced a new web-based Wizard to guide users through a simple 5-step process to create a ShareSpace™ a private, secure internet repository for sharing digital content.

Pandesa ShareSpace™ is an information sharing platform that allows teams to share, store, find and reuse high-value information using a refreshingly easy-to-use web-based application. Pandesa customers use the highly configurable environment as a solution for a variety of applications, including document management, document control, content repositories, media libraries, and digital asset management. You can sign up for a free ShareSpace at www.pandesa.com, and be up-and-running in a matter of minutes.

The new Wizard guides a new user through the five simple steps to setting-up a ShareSpace: (1) create and name the ShareSpace, (2) invite users to the ShareSpace, (3) create user groups, (4) create tags to be used for organizing information and (5) login to your ShareSpace. This makes Pandesa ShareSpace a complete self-service application. Users can get started using the platform with no documentation, assistance or training.

Visit www.pandesa.com to use the new Wizard to set up and configure a ShareSpace in a matter of minutes.

About Pandesa

Pandesa Corporation provides web-based information sharing services for a variety of industries and and applications based on its high performance, database-driven, multi-tenant infomation repository. Founded in 2003, Pandesa’s corporate headquarters are in Cupertino, California, with a development team located in Bangalore, India.

Contact: John Badger, VP Sales & Marketing, Pandesa Corporation, +1-800-380-7652, ext. 1 or jbadger@pandesa.com