Mr. David R. Goddard

David Goddard, CEO of FutureVest comments, "Increasingly, for CEO's around the world their top priority is safe, secure transmission of their most valuable asset, proprietary Corporate Information.

David R. Goddard Joins the Board of CipherPass Corporation
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LOS ANGELES, Calif., Jan. 23, 2006 (PRIMEZONE) -- CipherPass Corporation (Pink Sheets:CPHC) announces that Mr. David R. Goddard has joined the board of directors effective immediately.Mr. Goddard was recently appointed CEO of FutureVest, Inc. (Pink Sheets:FTVT), which has CipherPass in its Venture Investment Portfolio.

Mr. Goddard recently commented, "I'm extremely excited about joining the CipherPass Board, which will allow me to bring my Wall Street experience to this young dynamic growing company, and assist CEO, Mr. Glen Day as he advances CipherPass to the highest level possible.CipherPass embodies the investment philosophy of FutureVest as a dynamic company with an excellent management team providing scaleable business solutions to their customers.Their C-Suite security products enable secure business transactions in the fast growing financial and health care sectors.This in turn will allow their customers to finally be in compliance with all state and federal mandates for security and privacy over the Internet."

Mr. Goddard formerly held the position of Senior Managing Director of Global Private Equity Capital Markets for Bear Stearns & Co. in NYC and prior to that held Managing Director of Private Placements at BancBoston Robertson Stephens and Chase Securities.Mr. Goddard began his Wall Street career in the placement group at B.A. Securities.

Mr. Goddard is a graduate from St. Lawrence University with a Bachelors degree in English.He holds an MBA in Finance from New York University.

FutureVest's refined strategy is also likely why its CEO, David Goddard, is in China ...

David Goddard
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DAVID GODDARD has been a member of our Board of Directors since 2004.Mr. Goddard has over 25 years of merchant banking and capital markets experience.He is currently a Partner in Macluan Capital Corporation and managing Macluan's Los Angeles office.From 1998 to 2001 Mr. Goddard was a Senior Managing Director and head of the Private Equity Capital Markets Group at Bear Stearns & Co. where he was responsible for raising private equity for the firm's clients on a global basis.While at Bear Stearns he helped to raise over $4 billion of capital for clients.From 1996-1998, Mr. Goddard was a Managing Director and head of the Private Capital Markets Group at BancBoston Robertson Stephens, where in addition to managing the firm's private equity and debt placement business, he managed the firm's private subordinated debt underwriting book and oversaw the group's private equity co-investment portfolio.Previously, he was a Managing Director at Chase Securities, Inc.Mr. Goddard holds a Masters in Business Administration from New York University and a Bachelor of Arts from St. Lawrence University.