Former Assistant Secretary of Defense Arthur Money Elected to Rainbow Technologies’ Board of Directors

IRVINE, Calif., September 16, 2002 – Rainbow TechnologiesTM (Nasdaq: RNBO) today announced that Arthur L. Money has been elected to Rainbow Technologies’ board of directors effective September 5, 2002.

Money, 62, is the president of ALM Consulting specializing in command control and communications, intelligence, signal processing and information operations.

From 1999 to 2001, Money was the assistant secretary of defense (C3I) and Department of Defense CIO. Prior to this, Money served as the assistant secretary of the Air Force for Research, Development, and Acquisition, and was vice president and deputy general manager of TRW. From 1989-1995, Money was president of ESL, Inc. Money graduated from the University of Santa Clara and San Jose State University where he earned his M.S.M.E., and B.S.M.E., respectively. He has received distinguished public service awards from the U.S. Department of Defense (Bronze Palm), the U.S. Air Force, and the U.S. Navy.

“We look forward to having someone of Art Money’s caliber joining the Rainbow Technologies’ board of directors,” said Walt Straub, president, CEO and chairman of Rainbow Technologies’ board of directors. “His knowledge of the defense industry, background, and experience will be important to Rainbow Technologies as we continue to execute our growth strategies.”

About Rainbow Technologies, Inc.
Founded in 1984, Rainbow Technologies is a leading provider of proven information security solutions for mission-critical data and applications used in business, organization and government computing environments. With headquarters in Irvine, Calif., Rainbow maintains offices and authorized distributors throughout the world. For more information, visit the Web site at www.rainbow.com.