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Engineering Software Lab to Distribute Green Armor Solutions’ Authentication & Anti-Phishing Technologies in Israel, Turkey, and Cyprus

Will Service Local Banks' Growing Interest in Unique Psychology-Based User-Friendly Security Technology

May 16, 2006 - Hackensack, NJ and Tel Aviv, Israel - Engineering Software Lab (E.S.L.), a leading provider of software to the local banking and finance industry, has announced that it will distribute Green Armor Solutions’ Identity Cues authentication and anti-phishing products in Israel, Turkey, and Cyprus.

“Green Armor Solutions’ authentication and anti-phishing technologies are simple and straightforward, yet they offer powerful defenses against phishing, pharming, and online fraud as are necessary in the financial sector,” said Mr. Daniel Liezrowice, Managing Director of E.S.L. “Through our partnership with Green Armor Solutions, financial institutions in our region can, for the first time, implement both strong two-factor user authentication and mutual authentication without sacrificing ease of use and without incurring a great expense.”

E.S.L. will service several banks in the Middle-East and Mediterranean that have already expressed interest in Green Armor Solutions’ Identity Cues series of enterprise security products; the Green Armor systems leverage a combination of technology and psychology to deliver both maximum security and maximum user convenience. Two-factor authentication and protection against phishing (through mutual authentication) are both achieved without requiring user enrollment, without complicating the user login process, without requiring users to download software, and without requiring users to carry any security devices. Green Armor Solutions’ products require minimal ongoing maintenance and sport a far lower Total Cost of Ownership than alternative technologies.

“We are excited to partner with E.S.L. to bring our unique technology to Israel, Turkey, and Cyprus,” said Joseph Steinberg, CEO of Green Armor Solutions. “Recent high-profile online crimes in the region accentuate the need for Green Armor Solutions’ Identity Cues products. Our partnership with E.S.L. will allow more firms to benefit from the easiest solution to the current problem.”

More information about the Identity Cues series of products can be found on the Green Armor Solutions web site at: .

Firms in Israel, Turkey, and Cyprus that are interested in combating phishing and online fraud, or in implementing easy-to-use two-factor online authentication, should direct inquiries to:

Mr. Daniel Liezrowice

Engineering Software Lab Ltd.

1 Dov Carmi Street

Tel Aviv 69544


Telephone: +972 3 649-6678


About Green Armor Solutions

Green Armor Solutions offers innovative solutions to information-security challenges facing today's businesses. Its Identity Cues™ series of products (all patent-pending) leverage a unique blend of psychology and technology to help deliver maximum security with maximum user convenience. They provide strong two-factor and mutual authentication (exceeding FFIEC and NCUA guidelines) as well as effective protection from phishing, pharming, and online fraud while allowing users to continue to enjoy the simple, comfortable user experience with which they are already familiar. Identity Cues products can help companies address security and privacy requirements as part of compliance initiatives for FFIEC/NCUA Authentication, HIPAA, and GLBA.

About Engineering Software Lab Ltd.

Engineering Software Lab Ltd. (E.S.L.) is based in Tel Aviv, Israel, and specializes in delivering security and financial engineering products to the local financial and banking industry. It offers sophisticated investment and trading management technology, as well as online security systems, and provides the value added services to integrate these offerings into existing environments. It also offers advanced data visualization tools and mathematical tools for quantitative financial analysis.


Green Armor Solutions Inc.

Shira Rubinoff

Tel: +1 (201) 801-0383

Engineering Software Lab Ltd.

Mr. Daniel Liezrowice

Telephone: +972 (3) 649-6678



Note: Green Armor Solutions Inc. does not update the contents of its press releases after the releases have been issued. As a result, information in a particular press release may not be accurate if read at a point in time subsequent to the initial release. Furthermore, to the extent that any press release contains information that is not historical fact, that information should be considered opinion or forward-looking.

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