Steel Vault Announces Strategic Partnership with OPEN Sports and FOX Sports

Steel Vault’s NationalCreditReport.com Subsidiary is the Exclusive Provider of Identity Security Services for FOX Fantasy Quick Challenge and Fantasy Live
DELRAY BEACH, Fla.–(BUSINESS WIRE)– Steel Vault Corporation (OTCBB:SVUL) (“Steel Vault” or the “Company”), a premier provider of identity security products and services, announced today that it has formed a strategic marketing partnership with OPEN Sports and FOX Sports to drive subscriber growth for Steel Vault’s services including credit monitoring through the Company’s NationalCreditReport.com™ subsidiary. sports
William J. Caragol, Steel Vault’s CEO, commented, “We are pleased to launch this marketing partnership with OPEN Sports, a leader in sports news and fantasy sports. We believe that this partnership will leverage a first-of-its-kind live fantasy platform with FOX Sports’ marketing power to reach a large audience and give them an incentive to become a subscriber to our important identity security services.”
As a benefit to players who participate in FOX Fantasy Quick Challenge and Fantasy Live, NationalCreditReport.com will offer a free credit report and score from NationalCreditReport.com, which also includes a seven-day free trial to its Safeguard Credit™ monitoring service.
About OPEN Sports Network
OPEN Sports is a producer of next generation social-powered sports experiences combining social media and community tools with traditional sports content and best-of-breed fantasy sports games. Founded in March 2008 by Mike Levy, founder and former CEO of SportsLine.com, the Company’s mission is to exploit the highly compelling market opportunity that has been created at the intersection of traditional sports, fantasy sports, and social media. OPEN Sports’ applications and services support a community-driven model that empowers sports fans to shape the platform and corresponding content with a combination of community-centric tools. In addition, the Company is leveraging its extensive experience to develop next-generation fantasy gaming and scoreboard services that incorporate the viral, collaborative aspects of social media with the entertainment and reward of fantasy sports games for prizes. For more information, visit http://www.elusports.blogspot.com/
About Steel Vault Corporation
Steel Vault, formerly known as IFTH Acquisition Corp., is a premier provider of identity security products and services, including credit monitoring, credit reports, and other identity theft protection services. Since 2004, its subsidiary, National Credit Report.com, has specialized in providing a variety of credit information to consumers to help protect them from identity theft and fraud. online sports
Statements about Steel Vault’s future expectations, including the ability of the Company’s partnership with FOX Sports to drive subscriber growth for Steel Vault’s services including credit monitoring through the Company’s NationalCreditReport.com™ subsidiary, the ability of the partnership to leverage a first-of-its-kind live fantasy platform with FOX Sports’ marketing power to reach a large audience and give them an incentive to become a subscriber to Steel Vault’s identity security services, and all other statements in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and Steel Vault’s actual results could differ materially from expected results. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s various filings with the Securities and Exchange Commission, including those set forth in the Company’s 10-K filed on December 24, 2008, under the caption “Risk Factors.” The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.