Ubizen® is the principal provider of Managed Security Solutions for global businesses. Companies rely on Ubizen OnlineGuardian® services to manage, monitor and support security devices 24x7x365. Ubizen's Professional Services complement Ubizen OnlineGuardian managed services, by helping enterprises plan and implement security policies and infrastructures. Ubizen also protects Web servers against application-level attacks with Ubizen DMZ/Shield™ Enterprise. 

Leuven, Belgium, August 14th 2006 - Ubizen (Euronext: UBIB), the principal provider of Managed Security Solutions for global businesses, today announced financial results for its second quarter ended June 30, 2006. During the quarter ended March 31, 2006, Ubizen sold eXpanded Media N.V. Accordingly, eXpanded Media N.V.’s operating results are not included in Ubizen’s results subsequent to December 31, 2005. Additionally, Ubizen’s ownership of Aethis S.A. was diluted below 50% effective December 23, 2005. Therefore the Company no longer consolidates Aethis S.A.’s operating results subsequent to December 31, 2005. Prior period results included below are presented on a pro-forma basis eliminating the impact of eXpanded Media N.V. and Aethis S.A. for comparative purposes. 

Total revenues for the second quarter of 2006 amounted to Euro 10.557 mio as compared to total revenues of Euro 9.872 mio for the first quarter of 2006 and Euro 9.829 mio for the quarter ended June 30, 2005. Gross profit amounted to Euro 5.068 mio or 48.0% as compared to Euro 4.995 mio or 50.6% in the previous quarter and Euro 4.363 mio or 44.4% in the quarter ended June 30, 2005. 

Operating expenses decreased to Euro 5.287 mio for the second quarter of 2006 from Euro 5.567 mio in the first quarter of 2006, and were down from Euro 6.175 mio in the quarter ended June 30, 2005. 

EBITDA for the second quarter of 2006 amounted to Euro 0.332 mio as compared to Euro -0.007 mio in the first quarter of 2006 and Euro -1.355 mio in the quarter ended June 30, 2005. 

Net loss for the second quarter of 2006 amounted to Euro -0.341 mio compared to a net income of Euro 0.902 mio in the first quarter of 2006 and a net loss of Euro -0.812 mio for the quarter ended June 30, 2005. This represents net loss per share of Euro -0.01 for the second quarter, net income per share of Euro 0.02 for the first quarter of 2006, and net loss per share of Euro -0.02 for the quarter ended June 30, 2005. The Company’s net income for the March 2006 quarter directly resulted from one-time exceptional gains totaling EUR 1.540 mio from the sale of eXpanded Media as well as the sublease of vacant space at the Company’s Leuven facility for which charges were previously recognized. Without these gains, the Company would have incurred a net loss of -0.638 mio, representing a net loss per share of -0.01.