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 and iMimic Networking Announce
New Release of Web Caching Software for Solaris

NEW YORK, NY (May 2, 2003) – WARP Solutions, Inc. and iMimic Networking, Inc., leading providers of Web content caching and application acceleration solutions, today announced the immediate availability of the DataReactor caching software specifically designed for Sun Microsystems’ Solaris operating system. This new version provides a highly-scalable Web content caching solution for Solaris environments.

Following the recent acquisition announcement between iMimic and WARP Technology Holdings, Inc. (OTC BB: WRPT), the parent company of WARP Solutions, the new version of the DataReactor product offers a strategic alternative for organizations who are currently transitioning from Inktomi Traffic Server or other caching solutions.

“The new release of the DataReactor product is one component of our corporate strategy to deliver a range of award-winning Web caching and application acceleration technologies that support all major operating systems and platforms,” explained Karl Douglas, CEO of WARP Technology Holdings. “We see a tremendous market opportunity for this product, and plan to aggressively market it and introduce special pricing to organizations that need an alternative to other caching solutions.”

In addition to Solaris, the DataReactor product is also available for environments that run on FreeBSD, Linux, and Mac OS X platforms. The new version of DataReactor for Solaris supports all forms of Web caching, including proxy, transparent and reverse proxy, as well as multiple servers per reverse proxy. DataReactor Core is engineered to be compatible with most L4/L7 switches.

“The support for Solaris will further reinforce iMimic’s performance leadership in the Web caching market,” added Filip Vandenbussche, COO of iMimic Networking. “Our DataReactor product was first established at the highly competitive IRCache Cacheoff which benchmarked caching appliances. iMimic led the competition 3 years straight, and the new addition of Solaris will further facilitate rapid growth opportunities world-wide.”

In addition to conventional HTTP caching, DataReactor Core provides FTP, search engine, message board and query caching along with cache content pre-positioning. DataReactor Core also enables enforcement of various access control policies. The software is easy to install, and provides a wide variety of configuration and monitoring options, capable of handling the highest-demand Web caching environments.

About iMimic Networking, Inc.

iMimic 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 and Linux, iMimic-based technology solutions are ideal platforms for implementing value-added services. 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.



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