Exobox Founding Members Agree to Return Common Shares

HOUSTON, July 30 /PRNewswire-FirstCall/ -- Exobox Technologies Corp. (OTC
Bulletin Board: EXBX), an information risk management and security solutions
provider, announced that certain members of the Exobox Technologies Corp.
founding group of shareholders have made a bold step in their commitment to
the future of the company. Scott R. Copeland, Exobox co-founder and chairman
of the board of directors; Reginald Goodman, Exobox co-founder; Marcos Pernia,
Exobox co-founder; and Dr. Richard Evans, current member of the Exobox board
of directors have collectively agreed to return approximately 60 million
shares to the Company.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090508/LA13785LOGO)

In addition to the return of the shares to the Company, each participating
member has agreed to a defined diversification plan whereby each will sell no
more than a maximum of 500,000 shares per month for 12 months. Based on the
Company's average monthly trading volume over the last 90 days, in the
aggregate, these sales if made in their entirety would represent approximately
8 percent of the Company's average monthly trading volume. The Company has
agreed to issue a two-year warrant to each participating member exercisable to
purchase Company common stock in an amount equal to 20 percent of the shares
returned, at an exercise price equal to the purchase price of the Company
securities in the $2.5 million funding described below.

Based on the Company's current number of shares outstanding of approximately
460 million, the number of shares outstanding would be reduced to
approximately 400 million, excluding any shares issuable pursuant to the
contemplated financing or through exercise of the warrants issued in
connection with the return of shares. The closing is subject to certain
conditions including closing of a funding of a minimum of $2.5 million on or
before September 30, 2009.

Kevin Regan, president and CEO of Exobox said, "I think the voluntary actions
of these founding members of Exobox speak highly to their belief in and
commitment to the long-term potential of Exobox. We are very fortunate that
these individuals are so committed to the interests of the Company and its
shareholders."

About Exobox
Exobox Technologies Corp. develops information risk management and security
solutions that help organizations protect and recover their most valuable
information assets. It is committed to its vision to create a more secure
environment for the information-centric community through the development of
new technologies and security services. Exobox is headquartered in Houston,
Texas. For more information on Exobox, visit www.exobox.com.

Exobox, the Exobox logo, and ExoDetect are trademarks of Exobox Technologies
Corp. Other company and product names may be trademarks of their respective
owners.

Safe Harbor Statement: The statements in this release that relate to future
plans, expectations, events, performance and the like are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities Exchange Act of 1934. Actual results or events
could differ materially from those described in the forward-looking statements
due to a variety of factors, including the lack of funding and others set
forth in the Company's report on Form 10-K for fiscal year 2009 filed with the
Securities and Exchange Commission.

SOURCE Exobox Technologies Corp.

Investor Relations, Tim Lee, 1-800-460-8887, or Press, Ben Wheatley, Captavi,
+1-713-662-0359