GuardTime Wins $50,000 Innotribe Start-Up Challenge for Most Promising Fintech S tartup GuardTime is honored to announce it was

selected a winner in the Innotribe$100K Start-Up Challenge, honoring the company as one of the most promising financial technology start-ups in 2011. Toronto, ON (CANADA), Thursday - September 29, 2011 -- GuardTime ( http://www.gu ardtime.com ), creator of the Keyless Signature technologyprovidingindisputable proof of time, origin, and integrity for electronic data, is honored to announce it was selected a winner in the Innotribe$100K Start-Up Challenge, honoring the company as one of the most promising financial technology start-ups in 2011. Se lected from over 100 applicants, this year s judges awarded the prize to two winners , each receiving $50,000. The other winning company announced is Truaxis (former ly BillShrink), for its Statement Rewards application that creates transaction-b ased services for financial institutions, merchants and consumers. The 2011 Innotribe $100K Start-up Challenge was designed to introduce the most p romising FinTech and Financial Services start-ups to SWIFT s community of more than 9,700 banking organizations, securities institutions and corporate customers in 209 countries. The award was presented in front of an audience of roughly 8000 f inancial industry professionals during the Innotribe@Sibos conference in Toronto on 22 September. "We re thrilled to be recognized by the financial services industry forinnovation th at creates indisputable and mathematically-sound audit trails for all electronic data, making it ideal for applications such as Internet banking, mobile payment s, digital log forensics and eDiscovery," said Mike Gault, CEO, GuardTime. ( htt p://www.guardtime.com ) "This award further validates why our customers partnere d with us, and the benefits they ve realized from using GuardTime." KostaPeric, Head of Innovation at SWIFT, said: "The Start-Up Challenge is a vita l component of Innotribe s work to nurture new solutions to common financial industr y challenges, and Innotribe@Sibos is the ideal environment in which to foster co llaborative engagement with the most exciting new propositions coming out of the start-up community. This year s winners, including GuardTime, represent innovation at its best." GuardTime customer/partners include: * ARKIBIZ, a leader in cloud-based e-documents and records management solutions; * Authentify, a leader in telephone-based, multi-factor authentication services; * Brother Industries of Japan; * Cernam, a cloud-based eDiscovery service provider; * Ftopia, an online collaboration and storage service; * Rakuten Bank, Japan s largest online bank; * SEB Estonia Bank, one of the most wired banks in the world; * Joyent, a web-hosting provider and cloud application developer, whose customer s include Twitter and LinkedIn. More information can be found at: http://innotribestartup.myreviewroom.com/pages /details About GuardTime: GuardTime was founded with the goal of solving one of the biggest problems in co mputing: trust. GuardTime's Keyless Signatures provide proof of data integrity, signing authority, and time. The verification of the signature can be done offli ne without reliance on keys, secrets, or the existence of a trusted third party. GuardTime's mission is to change the world to one where Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, i n transit, or in the cloud.Visit http://www.guardtime.com for more information a

bout using Keyless Signatures for signing your data. All company names are trademarks of their respective owners. Press & Media Contact: Victor Cruz MediaPR.net Inc Toronto, ON Canada +1 978-594-4134 vcruz@mediapr.net http://www.guardtime.com