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Steel Vault Names New Vice President of Marketing for NationalCreditReport.com

Thu. December 11, 2008; Posted: 08:30 AM
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DELRAY BEACH, Fla., Dec 11, 2008 (BUSINESS WIRE) -- IFAQ | Quote | Chart | News | PowerRating -- IFTH Acquisition Corp., d/b/a Steel Vault (OTCBB:IFAQ) ("Company" or "Steel Vault") announced today that it has appointed Mark J. Kane its new Vice President of Marketing. Mr. Kane will lead all marketing programs for the Company, including creating and implementing marketing strategies to build the NationalCreditReport.com product and service offerings and customer base. Mr. Kane brings 26 years of marketing experience with financial services and product companies, with a focus on Internet marketing businesses.

William J. Caragol, Chief Executive Officer of Steel Vault, said, "We are proud to have Mark join our executive team and eager to capitalize on his wealth of marketing experience, which will be integral in positioning and growing NationalCreditReport.com. Through Mark's proven track record, marketing and advertising strategies, we expect to continue to build our subscriber base and customer loyalty."

Mr. Kane said, "Being a part of the Steel Vault team provides an exciting opportunity to take a key role in making this Company a major player in the identity security market. I am ready to hit the ground running."

NationalCreditReport.com specializes in providing consumers with identity security products, including accurate, complete and easy-to-understand credit reporting and monitoring. Credit monitoring is the only automated method currently available to protect consumers from identify theft and keep consumers up-to-date with changes and inquiries made to their credit records.

About Steel Vault

IFTH Acquisition Corp. (OTCBB:IFAQ), d/b/a Steel Vault, is a premier provider of identity security products and services, including credit monitoring, credit reports, and other identity theft protection services. Since 2004, National Credit Report.com, LLC has specialized in providing a variety of credit information to consumers to help protect them from identity theft and fraud.

Statements about IFTH Acquisition Corp.'s future expectations, including the ability of Mark J. Kane to build the NationalCreditReport.com brand and customer base, as well as the Company's ability to serve consumers, expected growth of the industry 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 IFTH Acquisition Corp.'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 27, 2007, as amended, 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.

SOURCE: Steel Vault Corporation

Steel Vault Corporation, Delray Beach Allison Tomek, 561-805-8000

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