Company Contact:
Michael Liss
WARP Technology Holdings, Inc.
610-715-5656
mliss@warpsolutions.com
 Public Relations Contact:
Domenick Cilea
Springboard Public Relations
732-863-1900 x.102
dcilea@SpringboardPR.com

For Immediate Release:

WARP SOLUTIONS LAUNCHES GLOBAL EXPANSION STRATEGY,
OPENING ITS EUROPEAN HUB IN LONDON

Warp Appoints Senior Executive to the Newly-Created European Position of
Director of Strategic Business Development and to Head the London Office

NEW YORK, NY - August 16, 2000 -- WARP Solutions, Inc., the provider of Intelligent Technology for Internet Performance, today announced that it has opened its first overseas office in London and named an experienced software veteran to implement the first step in the company's aggressive global growth strategy.

WARP's new London office, will oversee the launch of their revolutionary patent-pending Internet Performance technology across Europe. The new London office will serve as the company's first international hub as WARP looks to expand marketing and 24/7 customer support services globally.

Heading the European Operations will be Charles Murray, who has been named to the newly-created position of European Director of Strategic Business Development. Mr. Murray joins WARP with more than 17 years of experience in business and financial technology advertising and marketing. He will be responsible for spearheading deployment of the WARP suite into Europe and managing the UK and European end of WARP's Global Operations.

"Scalability is the single most important challenge to the Internet today" said Mr. Murray. "With the tremendous growth in Internet traffic in Europe, I see a great market potential for WARP's cutting edge technology."

Mr. Murray is charged with building WARP's European operations, starting first in the United Kingdom. The London hub will then play a critical role in WARP's regional marketing and global customer support.

"Europe is an exciting high growth Internet market. The rapid expansion of Internet applications across Europe makes this a strategic market for our comprehensive suite of Internet Performance Technologies. The London office will be essential as we bring our breakthrough technology to the global market and build a world class customer support operation," said Karl Douglas, CEO of WARP Solutions.

About WARP Technology Holdings, Inc.

WARP Technology Holdings (OTC BB: WRPT) is a leading provider of network and application acceleration technology solutions. Through its subsidiaries WARP Solutions, Inc. and SpiderSoftware, Inc., and its licensing arrangement with iMimic Networking, Inc., the company offers a strategic portfolio of software and hardware solutions to significantly improve the speed, performance, and reliability of business-critical applications and content delivered over IP-based networks. For information, contact 877-688-9277.

Cautionary Statement

Statements contained herein which are not historical information are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties. Actual results could differ materially from those included in the forward-looking statements for a variety of reasons, including the level of acceptance of the WARP 2063e product by the marketplace, the ability of the product to achieve the results for which it is designed, the ability of the company to raise capital to fund operations and marketing programs for this product, competition from other approaches to application acceleration and network architecture, and other risks described in the Company’s filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.



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