YOUNGSTOWN OHIO – January 13, 2009 – Zethus Software, a leader in secure, managed storage technologies, recently announced that it is an approved member of the Ohio Technology Investment Tax Credit Program (OTITC).

The program provides a tax credit for Ohio taxpayers that invest in small, Ohio-based technology companies. The amount of the tax credit is 25% (or 30% in some limited cases) of the amount invested by the taxpayer. The maximum investment to which this credit may be applied is $250,000. The credit may be claimed against personal income tax, corporate franchise tax, public utility excise tax or the dealers in intangibles tax. Investors must meet minimum qualifications, the primary one being no delinquent Ohio taxes.

“This unique program provides an investor an immediate return from the State of Ohio while still securing an equity position in the company,” stated Brad Myers, CEO. “We currently have a handful of investors going through this process and the feedback has been very positive.”

“Zethus was accepted into the program January 2009 and is eligible for 12 months,” explained Eric Parker, CTO. “We are very pleased to offer this benefit to our financial backers.”

To be eligible, Zethus Software met the stringent program requirements and was approved by the TITC committee – which is formed by three members of the Industrial Technology and Enterprise Advisory Council (ITEAC), whose members are appointed by the Governor and the General Assembly. The Technology Investment Tax Credit Program started in 1996.

Zethus Software is a privately-held software development firm focused on developing innovative solutions using grid and cloud computing technologies to solve real-world business problems. Founded in 2003, the company’s customers include Fortune 100 companies as well as universities and institutional clients.

For more information, visit www.zethussoftware.com