KOM Networks Announces a New Corporate Name and Direction

Ottawa, ON Canada – October 20,2000

KOM Networks, a global leader in the design and development of software solutions for enterprise-wide storage management applications today, announced several corporate changes to be in place by the end of the year.

KOM Networks has been selected to replace KOM Networks as the new company name. Having been a strong contender in the optical storage market for over 17 years, this new name reflects a new corporate direction, as KOM Networks will be expanding it's product offerings over the next few months. With the upcoming announcement of a revolutionary new product, KOM will soon be leading the way into an untapped realm of the storage market.

In addition, KOM Networks has plans to announce several products by the end of the year. These new products will include solutions for the desktop, as well as the enterprise.

KOM Networks will also be deploying a new marketing and sales strategy, which will see the organization developing additional alliances to further enhance KOM's existing channels. Keep watch for these announcements and more at our website www.komnetworks.com.

About KOM Networks

KOM Networks is a world leading provider of flexible, secure data archiving and storage management software. Over 10,000 of the world's leading corporations have recognized KOM Networks as the most logical, unobtrusive and secure way to store, access and protect their data. KOM is enabling enterprises large and small a cost effective way to improve productivity and meet compliance requirements without altering their network infrastructure or daily business routines. The industry pioneer holds vital industry patents for electronic file lifecycle management, virtual file management and eWORM fixed content hard disk archiving. Find out how KOM Networks can help you implement a comprehensive information lifecycle solution to optimize your existing storage environment and meet your compliance requirements.

All trademarks and registered trademarks are property of their respective owners.