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    Guard-IT Expands International Escrow Services to Toronto, Canada

AUSTIN, TEXAS (September 12, 2002) – Austin, Texas-based Guard-IT Corporation, a leading innovator in software escrow and verification services, has announced a formal expansion into international software and intellectual property escrow services by and through its newly registered agent in Toronto, Ontario.

“Our expansion will not only accommodate Canada’s vibrant IT sector, but also appeal to other international clients who would prefer to escrow their source code or other materials in Canada,” said Jim Ford, Guard-IT’s founder and CEO.

Guard-IT has retained the law firm of Gowling Lafleur Henderson, LLP to support its international escrow transactions. Gowlings intellectual property attorney Brad Limpert is liaison to Guard-IT.

"Gowlings is pleased to be supporting Guard-IT as it moves into the Canadian and international marketplaces,” Limpert said. “Guard-IT has demonstrated that it provides excellent value and attentiveness to customer needs. The senior management of Guard-IT is providing great leadership in this critical aspect of the IT marketplace."

Guard-IT will offer through its website customizable templates for escrow agreements to be administered specifically under Canadian jurisdiction. For its international clients, Guard-IT will maintain secured vault deposits of software source code, data, intellectual property and other escrow materials in Toronto.

Guard-IT secures software source code, proprietary data and intellectual property by implementing and administering third-party escrow agreements for technology developers and their licensees. Guard-IT also provides independent testing and verification services for escrow materials and other technology products.

About Gowling Lafleur Henderson, LLP

Gowling Lafleur Henderson LLP (www.gowlings.com) is one of the largest and most diversified law firms in Canada. With offices in seven Canadian centers and in Moscow, it provides a full complement of legal services to national and international clients. In addition to its pre-eminence in corporate and business law, Gowlings is recognized for its expertise in intellectual property, information technology, energy and infrastructure, international trade, advertising and media, professional liability and the environment. Gowlings is also one of Canada’s leading providers of government relations and regulatory affairs at both federal and provincial levels of government.

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