ShareVault

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