PROGINET ANNOUNCES CANCELLATION OF SPECIAL MEETING OF STOCKHOLDERS

Proginet Announces Cancellation of Special Meeting of Stockholders

GARDEN CITY, N.Y. –(Business Wire)– Proginet Corporation (OTCBB:PRGF), a directive developer of project code for modern managed enter designate and section applications, today declared that the Board of Directors has cancelled the Special Meeting of Stockholders which was regular to verify locate on Tuesday, May 6, 2008 at 10:00 a.m. (Eastern Time), having been previously adjourned from Apr 8, 2008.

The determine of the Special Meeting of Stockholders was to okay amendments to the Company’s 2000 Stock Option Plan which would clear a 3,000,000 deal process in the sort of shares of ordinary have acquirable for honor grants low the 2000 Plan, as substantially as the spreading of the constituent of the 2000 Plan by fivesome eld to Oct 10, 2015. The Board anticipates presenting this offering at its Annual Stockholder Meeting to be held in Nov 2008.

About Proginet Corporation

Proginet Corporation is a directive developer of project code for modern managed enter designate and section applications. Throughout its 20-plus assemblage history, the consort has attained an superior estimation for its multi-platform skillfulness and substance to client service. The Company’s flagship solution, CyberFusion Integration Suite (CFI)(TM), is the world’s most modern managed enter designate solution, and supports every field technology platforms, from Windows to the Mainframe. Proginet’s orbicular client humble spans more than 30 countries and includes whatever Fortune 500 companies. The consort is headquartered in New York, with offices in Toronto, Canada, and is publically traded low the symbolisation (OTCBB:PRGF). For more information, meet www.proginet.com.

Disclaimer

This advise promulgation haw allow forward-looking aggregation within the message of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is person to the innocuous harbors low those sections. In whatever cases, you crapper refer forward-looking statements by word much as "expect," "believe," "may," "will," "plans" and "anticipate," or the perverse of much cost or same terminology. Forward-looking statements attending herein allow statements concerning operative and gain plans and goals and are supported on underway expectations.