REMINDER/FalconStor Software Hosts Fourth Quarter and Fiscal Year 2004

    Business Editors
    REMINDER...For Tuesday, February 8

    MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 8, 2005--After the close of market on Tuesday, February 8, 2005, FalconStor Software, Inc. (Nasdaq: FALC), will announce financial results for the fourth quarter and fiscal year 2004, which ended December 31, 2004. FalconStor will host a conference call at 4:30 PM ET to discuss the results. In conjunction with the conference call, FalconStor will also host a presentation on the Internet.

WHO: ReiJane Huai, Chairman and CEO, FalconStor James Weber, Chief Financial Officer, FalconStor

WHEN: Tuesday, February 8, 2005 4:30 PM ET

HOW: Presentation:

To view the presentation, please copy and paste the following link into your browser:

https://falconstor.webex.com/falconstor/j.php?ED=85002977&UID=26933067

Follow the instructions to register and join this meeting.

Meeting Name: FalconStor Q4 Earnings Meeting password: ipstor Meeting number: 761 431 625

*Note: You may pre-register on the web for the presentation via the link provided, however, this meeting will not be live until 4:00 PM ET on February 8th.

Conference Call:

To participate in the conference call, please dial: Toll Free: 800-218-8862 International: 303-262-2052

RSVP: Christine Rogers, Investor Relations 631-962-1160 or christine.rogers@falconstor.com

REPLAY: A conference call replay will be available beginning 2/8 at 6:30 PM ET through 6:30 PM on 2/9. To listen to the replay of the call, dial: Toll Free: 800-405-2236 International: 303-590-3000 Passcode: 11022157# or visit our website at www.falconstor.com/investors.asp

    FalconStor Software, Inc. (Nasdaq: FALC) is a leading developer of network storage software designed to optimize the storage, protection and availability of enterprise data. FalconStor's flagship product, IPStor, enables corporate IT to deploy a hardware-agnostic, network-centric foundation to maximize operating efficiency and business continuity, and to meet the availability requirements of mission-critical applications. IPStor-powered network storage solutions are available and supported by major OEMs, as well as system integrators and resellers worldwide.

    Founded in 2000, FalconStor is headquartered in Melville, NY, with offices throughout Europe and the Asia Pacific regions including Paris, Tokyo and Taiwan. FalconStor is an active member of the Technical Support Alliance Network (TSANet), Storage Networking Industry Association (SNIA) and Fibre Channel Industry Association (FCIA). For more information, visit www.falconstor.com or call 1-631-777-5188.

--30--AC/ny*

CONTACT: FalconStor Software, Inc. Investor Relations Christine Rogers, 631-962-1160 christine.rogers@falconstor.com

KEYWORD: NEW YORK INDUSTRY KEYWORD: HARDWARE SOFTWARE BANKING INTERNET E-COMMERCE REMINDER EARNINGS SOURCE: FalconStor Software, Inc.

Copyright Business Wire 2005