Exhibit 99.1

Press Release

Draft

Entrust Announces Fourth Quarter Fiscal Year 2006 Financial Results

DALLAS – January 30, 2007 – Entrust, Inc. [Nasdaq: ENTU], a world leader in securing digital identities and information, today announced financial results for its fiscal quarter ended December 31, 2006.

Revenue for the fourth quarter was $28.0 million, an increase of 13% from $24.8 million in Q4, 2005, and a 17% increase from $24.0 million in Q3, 2006. Revenue in the fourth quarter was driven by product revenue, which increased 40% from Q4, 2005 and 45% from Q3, 2006. Product revenue of $12.7 million is the company’s highest attainment since Q4, 2000.

“2006 was a transformation year for Entrust; we dramatically grew our Emerging Growth Products revenue and market share, our PKI products experienced a resurgence at year-end with its highest quarterly revenue in two years,” said Bill Conner, Entrust chairman, president and chief executive officer. “We successfully integrated two acquisitions, returned the company to profitability in Q4 and generated positive cash flow from operations for the year.”

“In the quarter, both Entrust IdentityGuard and our Boundary Messaging solutions attained their highest quarterly product revenue and both were up well over 100 percent from last year,” Conner continued. “This achievement helped us exit the fourth quarter with 31 percent of our product revenue growing at nearly 300 percent year-over-year. I am pleased with the way we finished the second half of 2006 and look forward to building on our growth and profitability in 2007.”

Entrust recorded a Q4, 2006 net loss, calculated in accordance with GAAP, of $1.6 million, or $0.03 per share, compared to Q4, 2005 net income of $3.4 million, or $0.05 per share. On a non-GAAP basis the company recorded income of $129 thousand, or $0.00 per share. The non-GAAP figures exclude amortization of purchased intangibles and stock-option based compensation expense. See the financial table below reconciling these non-GAAP figures to GAAP.

For the full year 2006 the company generated over $4.3 million in positive cash flow from operations. The company ended Q4, 2006 with approximately $22.5 million in cash and marketable securities, and no debt.

“As we enter 2007, we are well positioned to continue our leadership position in the security market space,” Conner added. “Our new capabilities for 2007 include; expanding our IdentityGuard platform to include OTP Tokens, deploying our Extended Validation SSL certificates, extending our PKI offering to a hosted model, increasing our global eGovernment presence, delivering Group Share, our newest solution for helping secure shared data on corporate networks and enhanced offerings in the consumer fraud market.

These new capabilities coupled with the success of our emerging growth products positions us to grow product revenue significantly faster than the market.”

Financial Outlook:

Revenue:

Entrust is targeting total revenues for the first half of 2007 of between $54.0 and $56.0 million. Entrust is targeting total revenues for the full year of 2007 of between $115.0 and $120.0 million. The high-end of the first half and full year 2007 revenue outlook does not reflect all opportunities that are over $1.0 million as it is difficult to determine sizing, profiling and timing of certain large deals that are in the company’s funnel.

Earnings:

Entrust is targeting first half 2007 net loss in accordance with GAAP of between $0.02 and $0.04 per share. On a non-GAAP basis the company is targeting a profit of $0.02 to $0.04 per share for the first half of 2007.

Entrust is targeting a full year 2007 net income in accordance with GAAP of between breakeven or $0.00 per share to a net income of $0.04 per share. On a non-GAAP basis the company is targeting a profit of $0.11 to $0.15 per share for the full year 2007.

See the financial table below reconciling the non-GAAP figures to GAAP.

The following charges for the first half of 2007 and full year 2007, reconcile the GAAP and non-GAAP earnings per share:

Q4 Business and Financial Metrics:

Technology and Industry Highlights:

Entrust will host a live teleconference and Webcast on Tuesday, January 30, 2007 at 5:00 p.m. (Eastern), featuring Chairman, President and CEO Bill Conner and Chief Financial Officer David Wagner to discuss the company’s fiscal fourth quarter results and 2007 outlook. The conference call audio will be available live via dial-in at 1-800-733-7571 and via the Internet at http://phx.corporate-ir.net/playerlink.zhtml?c=73119&s=wm&e=1451029. Please log on approximately 15 minutes before the Webcast begins in order to register and to download and install any necessary audio software. An archive of the Webcast will be available for 90 days at the above Internet address.

For those unable to attend the live conference call, an audio replay will be available beginning at 7:00 p.m. (Eastern), Tuesday, January 30, 2007 through Tuesday, February 6, 2007 at 11:59 p.m. (Eastern). The North American replay number is 1- 877-289-8525 and the International replay number is 416-640-1917. Both numbers have a pass code of 21214963#.

Use of Non-GAAP Financial Measures

To supplement the financial results that are prepared and presented in accordance with accounting principles generally accepted in the United States, Entrust’s management prepares and uses non-GAAP financial measures for many of its internal financial, operating and planning reports. The company’s management believes that by excluding charges such as the purchased intangibles amortization in cost of goods sold, the amortization of purchased intangible assets in operating expenses, stock compensation expense, restructuring charges and write down of strategic investments from its GAAP-based results, these non-GAAP financial measures are more likely to facilitate investors’ understanding of the company’s ongoing business operating results. These non-GAAP financial measures also facilitate comparisons to the operating results of the company’s competitors and provide investors with greater transparency with respect to the supplemental information used by management in its operational and financial decision making.

The non-GAAP measures are included to provide investors with supplemental information to facilitate their understanding of Entrust’s operating results and future prospects. Management uses these non-GAAP measures to assess its success in reducing the company’s cost structure, to measure its ongoing cash operating costs, and to establish budgets and operational goals. The presentation of this additional information should not be considered in isolation or as a substitute for financial and operating results prepared in accordance with accounting principles generally accepted in the United States, as non-GAAP measures are susceptible to varying calculations and they may not be comparable, as presented, to other similarly titled measures of other companies.

This press release contains forward-looking statements relating to Entrust’s projected revenue, net income and net loss per share for the first half of 2007 and full year ending 2007. Such statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are unforeseen operating expenses,

unconverted customer opportunities, issues associated with revenue recognition, issues raised in connection with the review of quarterly financial results, and the risk factors detailed from time to time in Entrust’s periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation Entrust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2005 and Entrust’s Quarterly Report on Form 10-Q for the fiscal third quarter ended September 30, 2006. While Entrust may elect to update forward-looking statements in the future, Entrust specifically disclaims any obligation to do so, even if its estimates change.

About Entrust

Entrust, Inc. [NASDAQ: ENTU] is a world leader in securing digital identities and information. Over 1,450 enterprises and government agencies in more than 50 countries use Entrust solutions to help secure the digital lives of their citizens, customers, employees and partners. Our proven software and services can help customers in achieving regulatory and corporate compliance, while helping to turn security challenges such as identity theft and email security into business opportunities. For more information on how Entrust can help secure your digital life, please visit: www.entrust.com

Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. In Canada, Entrust is a registered trademark of Entrust Limited. All Entrust product names are trademarks of Entrust. All other company and product names are trademarks or registered trademarks of their respective owners.

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ENTRUST, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

ENTRUST, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

The following supplemental tables provide non-GAAP financial measures used by the company’s management to evaluate operational results. The company believes this information may be useful to investors. In addition to disclosing financial results calculated in accordance with U.S. generally accepted accounting principles (GAAP), the company's earnings release contains non-GAAP financial measures that exclude the income statement effects of share-based compensation, amortization of purchase product rights, non recurring restructuring and impairment charges. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.

Set forth below are reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

For additional information regarding these non-GAAP financial measures, see the Form 8-K dated January 31, 2007 that Entrust has filed with the Securities and Exchange Commission.

ENTRUST, INC.

SUPPLEMENTAL

RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES

(in thousands, except per share data)

Reconciliation of net income (loss) per diluted share according to GAAP to Non-GAAP income (loss) per diluted share:

Forward Looking Guidance

Earnings Per Share Range