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 and CDI Technologies Announce Exclusive Distribution Partnership

CDI Technologies/Imminet Will Distribute WARP 2063 in South Korea; More Than USD$200,000 in Orders from CDI Technologies Projected Through End of the Year

NEW YORK (September 26, 2002) - WARP Solutions, Inc. (OTC BB: WRPT), a leading provider of Internet application acceleration solutions, and CDI Technologies, Inc. and its Imminet subsidiary, today announced they have finalized an exclusive distribution partnership. Through the agreement, CDI Technologies, Inc. will distribute the WARP 2063 Application Preprocessor in South Korea, accommodating strong demand for WARP products in the region.

The WARP 2063 application accelerator is designed to support dynamic content requests and high-volume transaction processing over the Web, accelerating the delivery of mission-critical business applications that are migrating online. The product leverages a company's existing infrastructure to improve application performance via the Internet - without high costs, risks, or infrastructure complexities. WARP 2063 is the first release in WARP's GTEN (Global Transaction Enabled Network) suite of products, which offers a series of performance-enhancing technology solutions for the Internet.

"Through this master distribution agreement with CDI Technologies, Inc., WARP now has a foothold in South Korea and coupled with our recent success in Japan the company is well on the way to building a significant distribution network throughout Asia," said Karl Douglas, President and CEO of WARP. "Already, we have several leading companies in South Korea installing our products."

According to research from Gartner's Dataquest, the Asia-Pacific region, led by China and Japan, is expected to be the world's largest Internet market within three years.
"By establishing this partnership with WARP, CDI Technologies, Inc. can now leverage its significant relationships in South Korea by providing the leading product in a growing market segment," commented Mr. Kelvin Kim, President. "We believe the initial demand from several of South Korea's large and leading companies is representative of the strong demand for the WARP 2063 in the Korea."

About CDI Technologies, Inc.

CDI Technologies, Inc., has over 15 years of experience in building and supporting enterprise technology solutions in South Korea. Founded in 1986 CDI Technologies, Inc. has a strong customer base in South Korea including KT, Samsung and the South Korean government.

 

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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