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TheStreet Open House

Validian Announces Sale Of ShareProtect Product To Channel Partner

OTTAWA, Nov. 17, 2010 (GLOBE NEWSWIRE) -- Validian Corporation, (OTCBB:VLDI), a developer of world class software based solutions for policy management and protection of digital information, data and assets, is pleased to announce a confirmed sale of its Validian ShareProtect product to AccountNet, Inc., of Atlanta, Georgia, USA. Validian has received an initial payment of $50,000 USD towards certain development costs as part of a license fee for the installation of its Validian ShareProtect server plus support for 60 secure remote users. Validian ShareProtect will enable AccountNet to provide secure remote bio-encrypted file transfer and management between their Accountants and their Accounting customers. Validian expects this initial sale will expand AccountNet's role from a customer to a Validian Distribution Channel Partner to the Professional Services sector. Validian believes this Channel Partner Role could result in licenses supporting more than several thousand new secure remote users.

Validian ShareProtect is a secure information exchange solution for Government and Business that also forms the base for the current Validian MediaProtect and MedicalProtect solutions. The integrated solution consists of fingerprint-protected portable storage devices (bio-encrypted memory sticks) that are pre-loaded with Validian software for real-time monitoring and secure Internet transfer of digital information, and a remotely accessible secure content and policy management server.

About Validian Corporation

Validian Corporation, (OTCBB:VLDI), is first-to-market technology that provides secure access, transfer and storage of digital information on wired, wireless or mobile networks over the Internet.  The Company provides solutions that can be customized to the client's business process to ensure end-to-end             authenticity, integrity and custody of high value digital assets. Validian has the only policy management technology that enables IT managers to change on demand encryption algorithms, keys, key life time and level of compression and to distribute these automatically, immediately and transparently to all end points without having to re-develop or re-install the software. Validian is a U.S. public company with offices in the U.S. and Canada.

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