TACOMA, Washington, March 10 /PRNewswire/ --

Vadium Technology, Inc. the leading provider of easy to use, unbreakable data encryption solutions today announced the appointment of Mr. Jose Antonio Rios, to the Company's senior executive team as Chief Executive Officer. Mr. Rios also becomes a member of Vadium Technology's Board of Directors. Mr. Rios brings to Vadium more than 30 years of proven leadership and international executive experience. During his career he has achieved a number of major global accomplishments as a senior executive at such leading multi-national companies as Global Crossing, Telefonica S.A., Hughes Electronics, Galaxy Latin-America (DIRECTV) and the Cisneros Group of Companies.

We are honored to add such an experienced and internationally renowned executive as our CEO, said Mr. Wolfgang Hammersmith, Chairman and Founder of Vadium Technology, Inc. Jose Antonio's global business and executive experience give him a special understanding of the role that security and privacy play in society. We are excited to welcome his leadership and experience to Vadium's Team.

Mr. Rios added, I am excited to be joining the Vadium Team as CEO to deliver the Company's extraordinary technology to a growing customer base on a global scale. The Company has developed a compelling and unique technology platform that will help to restore privacy for individuals, corporations and governments worldwide. For several months I have had the pleasure of serving on the Company's Advisory Board and in this capacity have come to learn the true power and potential of AlphaCipher and its multiple potential uses across the digital landscape. The worldwide business opportunities for Vadium and AlphaCipher are innumerable and we are all looking forward to bringing privacy back to people, companies and institutions worldwide through the most advanced technology in the world today.

About Jose Antonio Rios

Mr. Rios most recently served as International President of Global Crossing, where he led operations in more than 20 countries throughout Europe, Latin America and Asia. In addition to his role as International President, Mr. Rios served as the company's chief administrative officer and as chairman of the boards of Global Crossing Latin America and Global Crossing UK. Mr. Rios continues to serve as Chairman of Global Crossing Latin America. Prior to joining Global Crossing in 2001, Mr. Rios served as president and CEO of Telefonica Media and chairman of Atento. At Telefonica he played a major role in the development of the company's Latin American acquisitions and in the successful Terra/Lycos acquisition and merger that created the world's third largest Internet portal, and incorporated the Bertelsmann Group. Mr. Rios was one of seven members of the corporate global executive committee of Telefonica S.A. and a corporate general director. Prior to Telefonica, Mr. Rios served as the founding president and chief executive officer of DIRECTV(TM) Latin America, where he was responsible for the planning, development, and launch of DIRECTV, a pioneer in digital direct-to-home satellite television entertainment in Latin America, growing to more than 5.2 million subscribers in 27 countries. During his four-year tenure, he was also vice president of Hughes Electronics and a permanent member of the company's global management committee.

Earlier in his career, Mr. Rios served as the chief operating officer and corporate vice president of the Cisneros Group of Companies, where he managed the company's six operating divisions worldwide. He was also a founding member of its Global Executive Committee where, together with Messrs. Gustavo and Ricardo Cisneros, he led the globalization of the Cisneros Group, which today is ranked by Forbes Magazine as one of the largest private enterprises in the world.

Mr. Rios is also the founder and current chairman of Navidad Real Estate Holding, a Florida-based boutique investment company with numerous projects in the real estate and development industries. With extensive experience and ties to Asia in general and to Singapore in particular, Mr. Rios was appointed in 2007 to serve as an Honorary Business Representative of Singapore.

Mr. Rios has served, and continues to serve, on several corporate, industry and philanthropic boards. Among the over 100 Boards on which he has served, he has been a director on the board of Claxson Interactive Group Inc., where he also served as chairman of the audit and compensation committees. He also served as chairman of the supervisory board of Endemol Entertainment, one of the world's leading entertainment production companies, based in Holland and with operations in 28 countries. Mr. Rios is a director of the prestigious Fundacion Pais Digital (Digital Nation Foundation), a Chilean organization founded by Mr. Agustin Edwards, owner and publisher of the leading Chilean daily newspaper El Mercurio. Fundacion Pais Digital is dedicated to promoting digital culture and technology in Chile and throughout Latin America. In addition, Mr. Rios serves as a board member of the Inter-American Dialogue's Latin America Advisor. The Advisor serves a unique membership of top public- and private-sector officials invested in Latin America's development and future. He is also a frequent speaker and ombudsman on international business and trade issues, and has given keynote addresses before such groups at the Council of the Americas, the World Trade Organization, the International Telecommunications Union and MIT.

A native of Venezuela, Mr. Rios holds both U.S. and European citizenship, He earned a degree in Industrial Engineering from the Andres Bello Catholic University in Caracas. He and his wife, Mariacristina Zanotti who hails from Italy, have been married for 36 years and have three grown children.

About Vadium Technology

Vadium Technology provides next generation digital security and privacy solutions. Vadium's groundbreaking technology, AlphaCipher, is a Digital One-Time Pad (D-OTP) that enables, secure, dynamic, multi-point communication structures by integrating unbreakable encryption, strong identification and authorization with multi-factor authentication into one easy to use, robust solution. AlphaCipher applications can be developed for every environment, as no other solution operates as fast or puts so little burden on system overhead. AlphaCipher protects against attack regardless of resources or time applied. Vadium Technology is a privately held firm headquartered in Tacoma Washington. For more information, please go to www.vadiumtech.com.

Kimberlee A. Mercier of Vadium Technology, Inc., +1-253-896-1000 x103