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CAMINOSOFT TO EXPLORE OPPORTUNITIES TO ENHANCE VALUE
--Board Committed to Maximizing Company’s Growth Potential--
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WESTLAKE VILLAGE, Calif--December 7, 2006 --CaminoSoft Corp. (OTC.BB:CMSF - News)
, today said its board of directors is in the process of reviewing strategies to maximize the inherent value of the company and capitalize on its innovative software technology for data life cycle management and related opportunities.
“Despite the company’s innovative technology and alliances with industry leaders, shareholder value has been impacted and the board intends to proactively address the situation,” said Robert Degan, chairman of the board of directors.
He noted that steadily growing demand for data-storage capacity -- which, according to media and industry reports, is surpassing a growth rate of 60 percent per year, is - in part - due to requirements related to Sarbanes-Oxley. The company’s storage hardware-agnostic software offers solutions that allow organizations to address the problem of ever-increasing data and to intelligently manage the backup and recovery of information.
Degan highlighted its relationships with CA, IBM, EMC, Hitachi Data Systems, Network Appliance, HP, Archivas and other industry leaders.
About CaminoSoft
Corp.
CaminoSoft Corp.(OTC.BB:CMSF) is a developer and manufacturer of software solutions that address the storage, management, and safeguarding of vast quantities of data generated in a wide range of businesses and applications. The company’s Information Lifecycle Management tiered storage solutions for Microsoft Windows 2000/2003, Novell NetWare & GroupWise, and NetApp Filer environments include comprehensive administrative policies that allow organizations to reclaim storage resources, improve operational efficiency, and achieve regulatory compliance. CaminoSoft has established alliances with industry-leading technology partners, and the company markets its Storage Management and High Availability solutions worldwide through commercial distributors, value-added resellers, and systems integrators. For further information, visit www.caminosoft.com
This release may contain forward-looking statements that reflect the management’s current views of future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to regulatory action, capital requirements and competing products. Any changes in such assumptions or external factors could produce significantly different results.
© 2006 CaminoSoft Corp. CaminoSoft and the CaminoSoft logo are trademarks of CaminoSoft Corp. All other brand and product names mentioned herein are trademarks or registered trademarks of their respective companies.
Contacts:
Richard Krueger
CaminoSoft Corp.
(805) 370-3100
or
Gary S. Maier/Crystal Warner
Maier & Company, Inc.
(310) 442-9852
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