Press Release

Most global corporations have a company policy which requires the execution of a confidentiality agreement/nondisclosure agreement (NDA) before the commencement of discussions about prospective business opportunities with
other companies and/or vendors. The NDA protects information considered confidential or proprietary. Confidential information can be technology-related, such as a corporation's intellectual property, know-how and trade secrets, or it may be market-related, such as a corporation's pricing strategy, margins and costs.

Confidentiality agreements are usually based on standard templates which incorporate predefined business handling guidelines specific to the corporation. Such agreements provide a measure of security when disclosure of confidential information is made to another organization. However, preparation and maintenance of NDAs for large multinational
corporations with hundreds or thousands of employees in multiple locations can be time-consuming and onerous.

Klexserve has pioneered an innovative, robust and secure web-enabled solution designed to manage the completelife-cycle of NDAs from preparation of drafts to review of agreements (and objections raised from counterparties), to managing a central inventory of NDAs. Its proprietary web-based NDA generation and management system automates many of the repetitive, time-intensive activities requires for effective NDA management and permits NDA generation "on the fly." The system architecture is built on the dynamic ASP, Visual Basic, .Net and SQL Server technologies and provides remote access via the internet or an intranet.

In a real world scenario, the employee of a multinational company could be traveling to any location but be ready within a day to begin business negotiations requiring information-sharing. He or she no longer needs to contact the in-house legal department or outside counsel to obtain an NDA. The employee can log on to a highly secure webenabled
application to generate the NDA. After log-in authentication, the employee is presented with a questionnaire that is intelligently designed to capture significant information about the business transaction. Based on how the requestor populates the NDA questionnaire, the system automatically selects the NDA template (bilateral or unilateral)
from a pool of existing NDA templates. The recommended NDA template is delivered to him or her electronically as an email attachment. Emails and NDA attachments are transmitted over secure socket layer using 128 bit encryption to ensure data confidentiality. The intelligent rules of the NDA system ensure the corporate in-house legal department is kept informed during the entire NDA generation process.

If the requestor needs an attorney review of the third party's objection to any clause in the NDA, Klexserve attorneyslocated in India review the changes proposed and confirm whether they are within predefined client guidelines. TheKlexserve attorneys are accessible to the requestor 365x24x7 and can be reached by email or a dedicated toll-free number. The executed NDAs are stored in a central repository which is a highly secure server located in India, where they are available for future retrieval based on powerful full-text and key-based search functionality. Klexserve's NDA generation and management system claims the following benefits for its users:

--Substantial reduction in costs (50-70%)
--Minimum attorney intervention
--Efficient use of critical resources
--Easy to install, deploy, and use
--Streamlined NDA tracking and handling
--365x24x7 customer service
--Reduced turnaround time and availability in all time zones
--Automation of routine administrative tasks eliminates errors
--Comprehensive reporting for executed NDAs

The Klexserve NDA generation and management system is available to companies of all sizes desiring a lightweight, web-based solution for efficient and cost-effective automation of NDA generation, management and maintenance.