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ZANTAZ CEO Named Finalist for Ernst & Young Entrepreneur of the Year ® 2005 Award

PLEASANTON, CA (May 24, 2005) - ZANTAZ, Inc., the global leader in Information Retention and Discovery Management (IRDM) solutions, today announced Steve King, President and CEO of ZANTAZ was named a finalist by professional services firm Ernst & Young LLP for the Ernst & Young Entrepreneur Of The Year® 2005 Awards in Northern California. King was selected from fifty-eight nominations in Northern California by a panel of independent judges comprised of area leaders from business, academic, and civic organizations. Winners will be announced at an awards banquet on June 17, 2005 at The Fairmont San Francisco atop Nob Hill.

"This has been an incredible year for ZANTAZ and I'm honored to be a finalist for the Ernst & Young Entrepreneur Of The Year award," said King. "Our solutions have the power to protect companies from the growing threat of information risk and the associated repercussions. Every team member at ZANTAZ has contributed to this nomination. We all share the same entrepreneurial spirit and strong values that enable customers to remain well ahead of the information risk curve."

Also a finalist for Ernst & Young's 2004 Entrepreneur Of The Year Award, King was nominated again this year for his innovation, integrity and strategic leadership. His ability to see market opportunities ahead of time, combined with his sound strategic planning and unwavering customer focus, has positioned ZANTAZ as the global leader in IRDM solutions, helping leading enterprises control the risks associated with electronic information.

By always listening closely to customers, developing innovative technologies and solutions, and staying ahead of market trends, he continues to evolve ZANTAZ' offerings into new categories. King has stayed true to his vision, being flexible and nimble and always remaining committed to excellence. As a result, ZANTAZ has continued its growth and leadership as it takes its solutions to new, global markets.

Northern California winners will be eligible for consideration for the Entrepreneur Of The Year 2005 national program. Winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year, will be announced at the annual awards gala in Palm Springs, California in November 2005.

About The Ernst & Young Entrepreneur Of The Year® ProgramThe Ernst & Young Entrepreneur Of The Year Program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, Ernst & Young Entrepreneur Of The Year recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries.

About Ernst & Young

Ernst & Young, a global leader in professional services, is committed to restoring the public's trust in professional services firms and in the quality of financial reporting. Its 100,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality, and professionalism to provide clients with solutions based on financial, transactional, and risk-management knowledge in Ernst & Young's core services of Audit, Tax, and Transaction Advisory Services. Ernst & Young practices also provide legal services in some parts of the world where permitted. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization.

About ZANTAZ

ZANTAZ is the global leader in Information Retention and Discovery Management solutions. ZANTAZ' solutions enable organizations to capture, preserve and access unstructured digital information-including email, IM, files, scanned documents, and other electronic records-and review and produce relevant documents in a manner that reduces operational risks and costs while complying with legal, regulatory and corporate policy requirements. ZANTAZ solutions are available as onsite software applications or on-demand hosted services, and include a broad set of professional services and integration support. ZANTAZ has over 600 customers, including many of the largest corporations, law firms and government agencies in the world. For more information, visit www.ZANTAZ.com.

Media Contact:

Sara A.Brewer

Thunder Factory

650.286.7351

sbrewer@thunderfactory.com

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