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Press Release



Contact:
Russell Garabelis
Digi-Net Technologies, Inc.
(352) 333-3042
garabelis@digi-net.com

FOR IMMEDIATE RELEASE

DIGI-NET RECOGNIZED AS ONE OF FLORIDA’SFASTEST GROWING PRIVATE COMPANIES

Digi-Net ranks as the fastest growing technology company in the state

GAINESVILLE, FL, February 19, 2002 – Digi-Net Technologies, Inc., a leader in messaging technology for e-commerce and community building applications, today announced its selection as one of Florida’s 100 fastest growing private companies.

Digi-Net ranked as the 8th fastest growing private company and the fastest growing IT company in Florida. Annual rankings are calculated by measuring a company’s percentage revenue growth over a three-year period. The University of Florida’s Warrington College of Business Administration, the Fisher School of Accounting and the Center for Entrepreneurship & Innovation sponsor this prestigious program. The sixth annual Florida 100 provides recognition to the fastest growing private companies in Florida. The annual ranking is an extremely prestigious and impressive achievement.

“Digi-Net was started with less than $1000 and that was just enough for the office space,” said Robert Parker, founder and CEO of Digi-Net Technologies, Inc. “We have come a long way and to be recognized and honored in this way brings a great sense of pride to our entire team.”

Digi-Net Technologies began in 1996 as an Internet consulting firm specializing in assisting businesses, both local and global, with end-to-end solutions that allowed them to take full business advantage of the emerging Internet medium. In January 1999, Parker transitioned the company from a predominantly Web-based consulting firm implementing custom software solutions to a commercial software development company.

“Our company focus is to breathe life into the Web,” said Parker. “We have developed the products and have the team that will lead us to our ultimate goal, which is to become America’s next great technology company.”

Growing by nearly 700 percent in revenue in the past three years, Digi-Net has evolved into an industry leader but it didn’t necessarily start that way. The first Digi-Net desk was a borrowed, oversized barn door that lay atop two filing cabinets. Two personal computers on loan from roommates were the company’s first servers and would frequently “go offline” if they had school assignments or projects that required a computer.

From such humble beginnings, Digi-Net has become one of the leading Internet software development companies in the industry. Through the Internet boom and the following decline, Digi-Net has been able to stay ahead of the competition by continuously developing products that answer the needs of businesses and organizations trying to efficiently utilize the Internet.

Digi-Net develops and markets its communications software and services into two major segments: community building and electronic commerce. DigiChat and Groopz E-Commerce, respectively, are the cornerstone products for the two segments.

About Digi-Net Technologies, Inc.

Digi-Net Technologies, http://www.digi-net.com, is a premier provider of Internet communication solutions to eBusinesses of all sizes. To date, more than 14,000 web clients benefit from the eCRM, community building and instant messaging solutions provided by Digi-Net. From the award winning DigiChat real-time chat software to the patent-pending Groopz E-Commerce proactive web sales and customer service application, Digi-Net prides itself on breaking down the barriers of traditional Internet communication to enable the web to mimic real-world settings. Digi-Net has an extensive client base including NBC, Proctor & Gamble, Intel, Boeing, Verio, Qwest, Sun Microsystems, Harvard University, Eli Lilly & Co., Lucent Technologies, WorldCom and BellSouth.

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