Software Equity Group’s Client Sand Hill IT Security Acquisition Corp Merges with St. Bernard Software

San Diego, CA, August 2, 2006 – Software Equity Group, LLC (SEG), a leading software industry investment bank and M&A advisory, announced its client Sand Hill IT Security Acquisition Corp. (Sand Hill) (OTC Bulletin Board: SHQC) closed its merger with St. Bernard Software, Inc., a global provider of security solutions. The merged company will continue to operate as St. Bernard Software. The company will continue to trade on the OTC Bulletin Board under the symbol SHQC.ob and has announced it intends to apply for listing on NASDAQ.