GERMANTOWN, Md.--(BUSINESS WIRE)--June 2, 2004--V-ONE Corporation (OTCPK:VNEC), which recently signed a Letter of Intent to be acquired by SteelCloud (Nasdaq: SCLD), today said it has been selected to provide a secure remote access solution for a new program to reconstruct the IT infrastructure of the Argentinean government. The solution will be financed by the World Bank and implemented by Datawaves, S.A., a leading systems integrator headquartered in Buenos Aires.

V-ONE's solution, which utilizes the company's advanced application layer SSL VPN technology, will offer tight access control for sensitive information sharing, enabling authorized users to access specific applications.

Oscar Silva, Business Manager at Datawaves said, "V-ONE's technology met our highest standards for secure information sharing. The V-ONE solution will allow the Argentine government to control access to their network at the application level, without requiring them to change their network infrastructure or even the applications themselves."

V-ONE President and CEO Margaret E. Grayson added, "We are extremely pleased to partner with Datawaves to provide this solution for the World Bank program in Argentina." "We anticipate being able to announce further expansion of our contracts in the government sector in the near future."

Founded in 1989, Datawaves, S.A. provides integrated services and solutions for the global IT and telecommunications industries.

World Bank is a leading provider of financial assistance, technical assistance and policy advice services to low and middle income countries.

About V-ONE Corporation

V-ONE's application layer SSL VPN security products are the most secure, cost effective and easiest to manage network solutions for the wireless, remote and satellite markets. These patented standards-based products work on all leading operating systems, boost satellite network speeds by 500% to 1500% over products using IP Security (IPSec) and enable secure remote access to an organization's VPN.

V-ONE products have been deployed by U.S. government agencies charged with homeland security, including the FBI, NSA, and Departments of Defense, Justice and the Treasury. The Company's clients also include Fortune 500 and smaller companies in healthcare, banking & finance, transportation and high-tech. All rely upon V-ONE's 10-year proven track record for providing secure global VPN information sharing over the Internet, intranets, extranets and privately leased lines.

For further information, please consult www.v-one.com.

This release, other than historical financial information, may consist of forward-looking statements that involve risks and uncertainties. These statements may differ in a material way from actual future events. Detailed information about risk factors are set forth in the documents filed by V-ONE Corporation with the SEC, specifically the Company's latest report on Form 10-K, which identifies important risk factors for the Company.

V-ONE, SmartGate, SmartGuard, SmartPass, SmartWall and "Security for a Connected World" are registered trademarks of V-ONE Corporation. All product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

CONTACT:
Ted Dupont, PR Director, AEP Networks
+1-732-652-5241

SOURCE: V-ONE Corporation