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FOR IMMEDIATE RELEASE Panda Commends US Executive on Triple Sales Riggs Eckelberry Drives the Success for Panda Software USA GLENDALE, CA – September 17, 2003– Multinational security software developer Panda Software commended Riggs Eckelberry today who was recently appointed as General Manager, Panda USA. Mr. Eckelberry is responsible for Panda's drive to become a key US player in its core antivirus business. His efforts so far have tripled total US sales levels in the months since his appointment earlier this year. Eckelberry is a "practical visionary" with a reputation for transforming technology ventures. In the 80s he pioneered the use of UNIX-based supermicrocomputers in business. In the 90s he turned a small utility called CleanSweep into a world brand that Symantec still markets today. After a go-go experience selling technology companies during the Internet boom, he founded the TechTransform consultancy, specializing in commercializing promising technologies. "We are very proud to have Riggs Eckelberry at the helm of our US unit. He is actively making Panda a threat to the existing order and that's just what we wanted," said Panda Software's Modesto Rodriguez. "There is nothing more exciting than an upset play in the software business", added Eckelberry. "Panda's cutting-edge antivirus lab and culture for excellence and integrity make it a real candidate for the top tier. This is a case study in the making and I'm honored to be part of the team". About Panda Software Panda Software (http://www.pandasoftware.com) is the first company to allow truly automatic daily signature updates, as well as centralized administration of antivirus protection, both of which have revolutionized the antivirus industry. Panda Software is known for its user-friendly policies, including free telephone support for corporate customers, expanded competitive renewal programs and free disinfection services. All of its products feature exclusive SmartClean™ technology and are endorsed by major industry watchdogs including ICSA Labs and Checkmark. # # # FOR MORE INFORMATION: Alan Wallace Panda Software VP, Corporate Communications US www.pandasecurity.com