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 Announces Special “Inktomi Replacement” Program
DataReactor Software Offers a High-Performance Web Caching

“Alternative” for Organizations Using Inktomi Traffic Server

NEW YORK, NY (May 7, 2003) – WARP Technology Holdings, Inc. (OTC BB: WRPT), a leading provider of network and application acceleration technology solutions, today announced a new program designed to offer organizations using Inktomi Traffic Server or other static caching solutions in transition with a cost-effective, high performance alternative. Through its “Inktomi Replacement” program, WARP is introducing special pricing and a migration plan to its DataReactor Web caching software, as well as the availability of an API to further customize existing applications.

“Static caching is rapidly becoming a feature within the overall network and application acceleration market niche,” explained Karl Douglas, CEO of WARP Technology Holdings. “The DataReactor product provides a proven, high-performance static Web caching solution to meet an organization’s current needs, and is a component of our GTEN framework, which offers a strategic roadmap that integrates more advanced application and network acceleration technologies such as partial page and object caching, TCP/IP session management and compression.”

Uncompromised Performance

Offering multi-platform support, including Solaris, Linux, FreeBSD, and Mac OS X, the DataReactor product line provides a powerful, highly-scalable Web content caching solution. This solution fully supports all forms of Web caching, including proxy, transparent and reverse proxy, as well as multiple servers per reverse proxy.

“In measuring performance, our benchmark tests show that DataReactor for Solaris outperformed Inktomi Traffic Server by a factor of two with respect to throughput, and a factor of three in terms of response time,” explained Greg Parker, CTO of WARP Technology Holdings. “Additionally, the DataReactor offers a software-based solution that requires minimal server resources which significantly improve application and network performance.”

According to Gus Bottazzi, VP of Sales at WARP Solutions, Inc., “Enterprise organizations are seeking a comparable replacement for their Web caching technologies that are no longer supported by other vendors. The DataReactor product is widely used and offers a cost-effective, software-based alternative to Inktomi Traffic Server, and other solutions in transition. Additionally, the availability of an API makes it that much easier to integrate the capabilities of the DataReactor into existing environments.”

Special Pricing

WARP is offering the DataReactor product at special direct replacement pricing through September 30, 2003. For additional details, contact Gus Bottazzi at 866-223-6456.

About iMimic Networking, Inc.

iMimic Networking, Inc. is a leading provider of caching and edge content management solutions. Its Reactor suite of products include high performance Web caching and content delivery network (CDN) solution, as well as network configuration and management tools. Utilization of industry-standard hardware and operating systems, such as FreeBSD, Solaris, Linux and Mac OS X, iMimic-based technology solutions are ideal platforms for implementing value-added services. WARP Technology Holding, Inc. recently announced intent to acquire iMimic. For more information, contact 713-586-5541 or visit www.iMimic.com.

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.