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 INC., NAMED A 2002 FINALIST BY NETWORK COMPUTING
FOR WELL-CONNECTED AWARD

WARP 2063 Application Pre-Processor tops Digital Convergence category based on its ability to optimize transaction processing on the Internet.

New York, NY, April 15, 2002 - WARP Solutions, Inc., today announced WARP 2063 Application Pre-Processor has been awarded finalist status by Network Computing, a CMP Media LLC magazine, for a 2002 Well-Connected Award in the category of Digital Convergence. The product was chosen for its innovative approach to optimizing transaction processing in the Internet.

"WARP is honored to have been nominated and named a finalist for this prestigious award," said Brian Matzke, Vice President of Sales, WARP Solutions. "This important milestone confirms WARPs' leadership position in the space of application acceleration and transaction optimization on the Internet."

This year, the winners of the Network Computing Well-Connected Awards will be revealed at a gala event held on the evening before one of the industry's largest trade shows, NetWorld+Interop 2002 Las Vegas. All Finalists will be highlighted in the May 13th issue of Network Computing and also on Network Computing Online at http://www.networkcomputing.com.

Warp 2063 provides an Internet architecture that is optimized for delivering both static and dynamic content. Warp 2063 enabled dynamic caching eliminates the need to re-execute data processing for similar queries. This reduces the flow of traffic to the application resources to just the update requests. Serving 80-90% of the repeat queries from the edge of the network accelerates dynamic content delivery by eliminating both network and server latency.

"No other annual awards program in the industry uses hand-on evaluations to choose its winners," said Fritz Nelson, Publisher of CMP's Network Computing. "Our editors worked at length to research and test the best offerings in the enterprise arena. Being named a Well-Connected Award Finalist is a true reflection of product quality rather than merely product popularity or marketing effectiveness."

About Network Computing

Network Computing (http://www.networkcomputing.com) published by CMP Media LLC, Manhasset, N.Y., defines the core issues facing people who manage technology in business -analyzing the critical decision points in purchasing the products, technologies and services that achieve corporate initiatives. Twice a month 220,000 IT professionals turn to Network Computing to get the information they need to make the right purchase decisions.

About CMP Media LLC

CMP Media LLC (www.cmpnet.com) is a leading high-tech media company providing essential information and marketing services to the entire technology spectrum-the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers' comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, research, direct marketing services, education and training, trade shows and conferences, custom publishing, testing and consulting.

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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