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בסד Safety Bolts for Web Doors.™ 1 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending.

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Presentation on theme: "בסד Safety Bolts for Web Doors.™ 1 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending."— Presentation transcript:

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

2 בסד Safety Bolts for Web Doors.™ 2 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending The Pain of “Phishing” Who? financial institutions on the web How? steal password, steal $$ and identity Source: Gartner, Sept. 2003 Online identity theft also known as “Phishing”

3 בסד Safety Bolts for Web Doors.™ 3 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending Competitive Landscape 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) Must protect customers from giving away password Protect customers by not relying only on a password

4 בסד Safety Bolts for Web Doors.™ 4 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending ASTAV Solution 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 Removes the expense and inconvenience of 2-factor solutions “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

5 בסד Safety Bolts for Web Doors.™ 5 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending 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) Yes No Biometrics Yes No PassMark Security No Yes No

6 בסד Safety Bolts for Web Doors.™ 6 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending Market Financial Services, Banking, & Online Auction companies –Citibank, Schwab, SunTrust, Etrade, Ebay, Paypal, … Go To Market plan: Sell directly to local (Bay Area) institutions Leverage indirect channels (Accenture, FISERV, …) to extend into US, Europe, and Asia Business Model: Software license: initial fee + yearly fee based on usage Maintenance: yearly percentage

7 בסד Safety Bolts for Web Doors.™ 7 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending Revenue Assumptions Year 1Year 2Year 3Year 4Year 5 Beta Customers (at 50% discount)4 New Customers2183670100 Cumulative Customers62460130230 Cumulative web users (150,000 users/customer) 900,0003,600,0009,000,00019,500,00034.500,000 License fee (fixed) [All $ are in $K]200 Licensing Revenues from new customers8003,6007,20014,00020,000 Capacity-based license fee (10 cents/user ann.)903609001,9503,450 Maintenance fees at 12% per year1445761,4403,1205,520 Total Revenues1,0364,5369,54019,07028,970 Above projections do not include any NOBOTS or OFFLIST revenues. Revenue potential still under evaluation. Year 1 starts after funding is received $$$$$$$$$$ $$$$$$$$$$ $$$$$$$$$$ $$$$$$$$$$ $$$$$$$$$$

8 בסד Safety Bolts for Web Doors.™ 8 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending Year 1Year 2Year 3Year 4Year 5 Revenues1,0344,5369,54019,07028,970 Direct Costs 723186681,3352,028 Gross Profit 9624,2188,87217,73526,942 Research & Development5501,2001,9083,8145,794 Selling, Marketing, & Administration5002,0004,2938,58213,037 Operating Expenses1,0503,2006,20112,39618,831 Operating Income, before Tax(88)1,0182,6715,3408,112 Income Tax (if C corp., currently S corp.) -4071,0682,1363,245 Net Income (88)6111,6033,2044,867 Income Projections $$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$

9 בסד Safety Bolts for Web Doors.™ 9 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending 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

10 בסד Safety Bolts for Web Doors.™ 10 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending Team: Partners Note: the above are equity-based relationships Law Office of Paul Horstmann patent creation & prosecution Ritchey, Fisher, Whitman & Klein IP protection & corporate counsel Finck, Rudnick & Company accounting & incubator services BetaSphere, Inc user community management WTRS, LLC marketing & lead generation XML Voice Specification Engineer Ex-MCI VOIP Architect

11 בסד Safety Bolts for Web Doors.™ 11 ABUSE SUPPRESSION TECHNOLOGIES, ACTIVITIES, VISION. ©2005 ASTAV, inc. – Confidential & Proprietary – Patents Pending Summary & Next Steps 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 Making cyberspace a humane place. SM Thank you! Raise $60K now to prototype NOPHISH & deploy NOBOTS Raise $750K within 6 months to market & support NOPHISH Summary Next Steps


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