Ciprico's Second Quarter Filing

  
    
  
  
    
      Ciprico Inc. (NASDAQ:CPCI) (the “Company”) 
      announced it will not be timely with its filing of Form 10-QSB for the 
      quarter ended March 31, 2008. The headcount reduction announced in March 
      impacted the finance and accounting team who are responsible for 
      preparing the filing but also have been assisting with the Company’s 
      strategic alternative analyses. With investment banking firm Craig 
      Hallum Capital Group, the Company is aggressively pursuing a strategic 
      solution to its challenging financial condition which resulted from 
      previously disclosed lack of sales volume and issues with the liquidity 
      of certain investments. Steve Merrifield, Ciprico President & CEO, noted “while 
      there are no definitive agreements we have a high level of interest from 
      several parties who are actively engaged in evaluating possible 
      strategic transactions with the Company.”
    
    
      Ciprico also announced today release of its Virtual Storage Technology 
      (Ciprico VST™) Pro software packages that 
      enable RAIDCore™ to run on Intel, AMD/ATI and 
      Broadcom chipset solutions without the need for a hardware controller. 
      RAIDCore is now capable of running on over 80% of the servers and 
      workstations being shipped today.
    
    
      “Ciprico is facing some challenging times as 
      we work through transitioning the Company to newer products and 
      technologies. We believe our investments in the RAIDCore technology will 
      make it a pervasive data protection software solution in the market,” 
      said Steve Merrifield. “A number of the most 
      significant OEMs in the industry continue their evaluation of RAIDCore. 
      We are confident in the future of software-based RAID and believe it 
      offers customers unparalleled levels of flexibility, performance and 
      price. In addition, RAIDCore has been integrated into our DiMeda®, 
      MediaVault™ and TALON® 
      product lines and initial customer feedback is very positive as it 
      relates to the performance and quality of these products.”
    
    
      About Ciprico
    
    
      Ciprico Inc. (NASDAQ:CPCI) is a leading provider of intelligent storage 
      software, solutions and appliances for enterprise class IT servers, 
      professional workstations and digital media workflows. Ciprico is 
      headquartered in Minneapolis, MN. More information about Ciprico is 
      available at www.ciprico.com
    
    
      Safe Harbor Statement under the Private Securities Litigation 
      Reform Act of 1995
    
    
      This press release includes forward-looking statements that involve 
      risk and uncertainties that could cause actual results to differ 
      materially from the forward-looking statements. Such forward-looking 
      statements, which reflect our current view of the acceptance of our 
      products, the status of our efforts to effect a strategic transaction, 
      and other future events and financial performance, involve known and 
      unknown risks that could cause actual results and facts to differ 
      materially from those expressed in the forward-looking statements for a 
      variety of reasons. These risks and uncertainties include but are not 
      limited to: delays in product development; market acceptance of 
      Ciprico's products and services; technological change in the storage and 
      related industries; competition in the storage software market; our 
      ability to timely effect a strategic transaction; and other risk factors 
      discussed in Ciprico's reports on Forms 10-KSB, 10-QSB and other reports 
      filed with the Securities and Exchange Commission. Investors should take 
      such risks into account when making investment decisions. 
      Forward-looking statements speak only as of the date on which they were 
      made, and except as required by law; we assume no obligation to update 
      any forward-looking statements. We do not intend to update or revise any 
      forward-looking statements whether as a result of new information, 
      future events or otherwise.