1. ASTAV, inc. Safety Bolts for Web Doors.™
Investor / Financial Partner
Presentation
May 2005
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

2. The Pain of “Phishing” Who? financial institutions on the web
How? steal password, steal $$ and identity
Online identity theft also known as “Phishing”
Scope:
2 Million victims per year (Gartner Group)
Costs consumer and business $2.4B per year
Identity theft
Claims 10 Million victims per year (Federal Trade Commission)
Cost consumer and business $52B per year in 2003; $48B in 2002; $775M in 1997
On the increase thru the internet
Source: Gartner, Sept. 2003
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

3. Competitive Landscape
Must protect customers from giving away password
Passwords - what you know
Inherently insecure
Become less secure with each use
Biometrics - who you are
Inherent false positives (people change)
Expensive (require additional hardware)
2-Factor Authentication - what you have
Inconvenient (hard to use, one required for each account)
Expensive (require additional hardware, e.g. RSA tokens or Smart Cards)
Protect customers by not relying only on a password
Necessitate various forms of authentication such as digital signature on all outgoing customer from financial institutions and websites (such as proposals by Microsoft and Yahoo)
Protecting customers from giving away password
Continuous education by financial institutions and public organizations such as the US Federal Trade Commission, etc.
Various forms of authentication such as digital signature on all outgoing customer from financial institutions and websites (such as proposals by Microsoft and Yahoo)
Protecting customers by not relying only on a password
Biometrics, e.g. Fingerprinting
Two factor authentication
Special physical token e.g. RSA token, Smart Card
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

4. ASTAV Solution NOPHISH™ Competitive Advantages
Removes the expense and inconvenience of 2-factor solutions
NOPHISH™
2-factor web login program, password replacement option
Covered by two patent applications (April 04, November 04)
Details available under NDA
Competitive Advantages
As secure as existing hard 2-factor solutions
More economical to deploy
Easier to use
Engineered for simple retrofit into legacy web login systems
“I spoke with Tim Sutton, our CEO, and he believes that the technology could be a benefit to Positive's service portfolio. I continue to think the idea sounds valuable, and we would likely add support as soon as it became available.” – Steve Dispensa, co-founder & CTO, Positive Networks
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

5. Competitive Comparison
Secure Overall
Hacker-proof
Low Cost
Uses Existing Hardware
Minimal User Training
Web Spoofing Protection
Positive FRAUD Labeling
NOPHISH™
PASSWORD REPLACEMENT
Yes
Hard 2-factor
(RSA Security, Activcard AAA radius server) No
Biometrics
PassMark Security
Very little! A single browser command (“File/Save”) can download an entire web site on your personal computer, for anyone to edit at will…
An HTTP directive can block that browser command, but that can be bypassed by anyone by editing the (freely available) browser source code.
Fundamentally: the bits are all coming to the end user CPU; they can always be stored.
To date, most anti-phishing solutions have either focused on helping a company’s security team detect and shut down offending sites or have relied on black lists to protect customers. Given the speed with which hackers are adapting their phishing attacks, these approaches are already out-dated, even in their infancy. 
A year ago, most spoof sites were hosted on free services of major US ISPs; today, a huge percentage are on foreign ISPs or on personal computers that have been compromised by malicious code, unbeknownst to their users. In fact, the latest genre of phishing sites not only attempt to trick users into divulging personal information, but also download eavesdropping programs like Trojan horses and keystroke loggers onto visitors’ PCs to enable the hackers to use the machines to further propagate the scam.  Hackers also move their sites from one IP address to another—often on an hourly basis.
The combination of these factors makes shutting down spoof sites or accurately tracking their URLs increasingly difficult, resulting in longer-lasting phishing attacks that expose more users to potential loss of identity. Simply terminating fraudulent sites and updating blacklists with URLs are no longer effective means of protection against the phishing problem.
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

6. ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
Market
Financial Services, Banking, & Online Auction companies
Citibank, Schwab, SunTrust, Etrade, Ebay, Paypal, …
Business Model:
Software license: initial fee + yearly fee based on usage
Maintenance: yearly percentage
Go To Market plan:
Sell directly to local (Bay Area) institutions
Leverage indirect channels (Accenture, FISERV, …) to extend into US, Europe, and Asia
There are more than 1,000 financial institutions in the U.S. alone; over 2,000 Worldwide
The largest are:
Bank of America, Wells Fargo, Citibank,Visa, etc.
Most are offering on line financial transactions; in addition there are pure online financial firms
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

7. ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
Revenue Assumptions
Year 1
Year 2
Year 3
Year 4
Year 5
Beta Customers (at 50% discount) 4
New Customers 2 18 36 70
100
Cumulative Customers 6 24 60
130
230
Cumulative web users (150,000 users/customer)
900,000
3,600,000
9,000,000
19,500,000
34.500,000
License fee (fixed) [All $ are in $K]
200
Licensing Revenues from new customers
800
3,600
7,200
14,000
20,000
Capacity-based license fee (10 cents/user ann.) 90
360
900
1,950
3,450
Maintenance fees at 12% per year
144
576
1,440
3,120
5,520
Total Revenues
1,036
4,536
9,540
19,070
28,970 $ $ $ $ $
Above projections do not include any NOBOTS or OFFLIST revenues. Revenue potential still under evaluation.
Year 1 starts after funding is received
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

8. ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
Income Projections
Year 1
Year 2
Year 3
Year 4
Year 5
Revenues
1,034
4,536
9,540
19,070
28,970
Direct Costs 72
318
668
1,335
2,028
Gross Profit
962
4,218
8,872
17,735
26,942
Research & Development
550
1,200
1,908
3,814
5,794
Selling, Marketing, & Administration
500
2,000
4,293
8,582
13,037
Operating Expenses
1,050
3,200
6,201
12,396
18,831
Operating Income, before Tax
(88)
1,018
2,671
5,340
8,112
Income Tax (if C corp., currently S corp.) -
407
1,068
2,136
3,245
Net Income
611
1,603
3,204
4,867 $ $ $ $ $
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

9. ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
Team: Management
Yonah Alexandre Bronstein, Ph.D. – Founder, President & CTO
MS and PhD in computer science, from Stanford University
6 years in Silicon Valley start-ups
past 5 years was a senior researcher at HP Labs, focusing on Internet Systems
led the 1st port of the Microsoft NT operating system to the DEC workstations
Ira Machefsky – Advisor and acting Executive VP of Marketing
partner at Odeon Capital Partners, a venture capital fund located in New York, where he has led investments in early stage high tech companies for 5 years
senior analyst and vice-president at Giga Information Group where he headed the company’s security and e-commerce practices
over 18 years of technology management at DEC
Shlomo Waser – Advisor and acting Sr. VP of Sales
over 30 years experience in the high tech industry
last 12 years focused on general management of global businesses including Oak Technology, Zilog, and Philips in VP- & GM-level positions
managed over $200M annual business
Protecting customers from giving away password
Continuous education by financial institutions and public organizations such as the US Federal Trade Commission, etc.
Various forms of authentication such as digital signature on all outgoing customer from financial institutions and websites (such as proposals by Microsoft and Yahoo)
Protecting customers by not relying only on a password
Biometrics, e.g. Fingerprinting
Two factor authentication
Special physical token e.g. RSA token, Smart Card
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

10. Team: Partners XML Voice Specification Engineer Ex-MCI VOIP Architect
Law Office of Paul Horstmann
patent creation & prosecution
XML Voice Specification Engineer
Ex-MCI VOIP Architect
Ritchey, Fisher, Whitman & Klein
IP protection & corporate counsel
WTRS, LLC
marketing & lead generation
Protecting customers from giving away password
Continuous education by financial institutions and public organizations such as the US Federal Trade Commission, etc.
Various forms of authentication such as digital signature on all outgoing customer from financial institutions and websites (such as proposals by Microsoft and Yahoo)
Protecting customers by not relying only on a password
Biometrics, e.g. Fingerprinting
Two factor authentication
Special physical token e.g. RSA token, Smart Card
BetaSphere, Inc
user community management
Finck, Rudnick & Company
accounting & incubator services
Note: the above are equity-based relationships
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending

11. ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
Summary & Next Steps
Summary
ASTAV focused on well known & large market pain ($B)
NOPHISH solution as reliable, less expensive, and better featured than competition
IP is protected by several patent filings
Funded so far by $120K sale of common stock & shareholder loans
Next Steps
Raise $60K now to prototype NOPHISH & deploy NOBOTS
Raise $750K within 6 months to market & support NOPHISH
Making cyberspace a humane place.SM
Thank you!
ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION.
©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending