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