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 Targets SMBs and Mid-Market Enterprises with
New Version of SpiderCache Solution

Software-Based Solution Offers Distributed Architecture to Improve Speed and Performance
of Dynamic and Static Web Content Delivered Over IP-Based Networks

NEW YORK (May 27, 2003) – WARP Technology Holdings, Inc. (OTC BB: WRPT), a leading provider of network and application acceleration technology solutions, today announced a new version of its WARP SpiderCache v3 software designed specifically for small- and medium-sized businesses (SMBs) and mid-market enterprises. This new version offers a range of features and functionality to improve the speed and performance of dynamic and static content delivered over the Web, as well as the flexibility to manage and personalize cached content.

WARP SpiderCache v3 is a software-based solution that offers multi-platform support for Windows, Linux and Solaris. Key features of WARP SpiderCache v3 include a distributed architecture, advanced security, user request events, clustering, native virtual hosting, and support for Apache 2.0.

The key enhancement to WARP SpiderCache v3 is its innovative distributed architecture that provides organizations with flexible configuration and installation options. The SpiderCache Central Manager module provides a console to set-up cached content and distribute it when required. The SpiderCache Source Manager, installed on the origin Web server(s), provides access to the source files of the Web site as well as a source location to place partially cached content. WARP SpiderCache includes web server plug-ins for Microsoft Internet Information Server on Windows NT/2000, and Apache servers on Solaris or Linux.

"The new version of WARP SpiderCache provides SMBs and mid-market enterprises with a powerful, software-based solution to optimize performance and capacity of their web applications and content,” explained Greg Parker, CTO of WARP Solutions. “The software’s distributed architecture gives organizations the flexibility to configure their server infrastructure with advanced partial page and object level caching features that can be distributed and delivered from the edge.”

Other Product Highlights

WARP SpiderCache v3 also provides advanced security and personalization features such as adding access levels and granularity at the user-level. This includes logon and authentication by user name and password, addition/removal of users, permission to clear cached content and configuration settings, and access to settings on a per Web site basis.

WARP SpiderCache’s Central Manager enables advanced clustering for administration, configuration, request queuing and clear-caching across a group of servers. In addition, the Central Manager provides native virtual hosting, and can maintain settings and the cache for many virtual hosts. WARP SpiderCache v3 also offers the user total flexibility in definition of URL structure and adaptors for cache processing.

Pricing & Availability

WARP SpiderCache v3 is available in two configurations. The WARP SpiderCache Professional is priced from $4,000. The WARP SpiderCache Enterprise version is priced from $15,000, and includes additional functionality such as caching of static content to RAM, Web application change based cache expiration, custom URL definition, and fully distributed clustering capabilities.

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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