Y3K and Fox Communications Enter Phase Two of Joint Operating Agreement Steering Committee Formed to Manage Full Joint Operations SEATTLE, Dec. 4 /PRNewswire-FirstCall/ -- Y3K Secure Enterprise Software, Inc., (OTC/BB: YTHK), a leading provider of Secure Communication and Enterprise Software Systems and Solutions, announced today the completion of Phase One of the Joint Operating Agreement (JOA) with Fox Communications and the beginning of Phase Two. As outlined in Phase One of the JOA, Y3K and Fox Communications reached the following benchmarks: The identification and bundling of key products and services to create a competitive edge in the marketplace, research and development of secure unified end-to-end communication solutions, the launch of Ecuity Home for the consumer market and support for a phased nation-wide roll-out. Y3K and Fox have now entered Phase Two with the formation of a steering committee consisting of top management and consultants from both companies. The steering committee will drive the integration of full joint development and marketing operations for their emerging line of secure communication solutions for the consumer and small to medium size business markets. "Fox Communications could not be more pleased with the smooth transition into joint operations with Y3K. Because of the level of planning and work on behalf of Y3K and Fox, we are ahead of schedule and ready to work together under one roof to continue to enhance and market our combined line of communications solutions," explained Steve Forbes, President of Fox Communications. "This allows us to continue to build on our joint vision of delivering secure, integrated and smart communication solutions and to bring these products to market." "We are excited about our future with Fox Communications as our joint partner. The combined talents of the steering committee and the resources of the two companies will help Y3K and Fox to achieve success and reach their mutual goals," stated King Cole, President of Y3K. "In addition to the development and marketing of our emerging line of cutting edge products and services, more importantly our joint operations will drive revenue for Y3K and continue building value for our shareholders." About Fox Communications (http://www.foxinternet.com/) Fox Communications, located in Kirkland, Washington offers personalized communication plans and exceptional customer service for long distance, Internet connections, conference calling. For the past 16 years, Fox has provided thousands of residential and business customers with competitive rates while exceeding customer expectations. Customers are their top priority, and their success is built on the value they deliver. About Y3K Secure Enterprise Software (http://www.ythk.com/) Founded in 1999, Y3K, Inc. initially started as a provider of Secure Internet commerce software. Through its experience with both businesses and consumers, Y3K has successfully made the transition to become a leading provider of secure enterprise software. Y3K's main product is the FusionPak Suite, which includes ICS (the most secure instant messaging (IM) system on the market today), CommerceManager (a state-of-the-art Internet commerce engine), Market Portal, a sophisticated business data management tool and other enterprise business software applications. This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, and the impact of competitive services and pricing and general economic risks and uncertainties. DATASOURCE: Y3K Secure Enterprise Software, Inc. CONTACT: Y3K Secure Enterprise Software, Inc., Jennifer Stephens, (253) 284-2935,

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