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 Strategic Alliance with Astrum to Deliver
Web Acceleration Solutions to Education Market Niche

NEW YORK (May 18, 2004) – WARP Technology Holdings, Inc. (OTC BB: WRPT), a leading provider of network and application acceleration software, today announced a strategic alliance with Astrum, Inc. to deliver content management and caching solutions to the growing education market. Through the alliance, Astrum will integrate its Curriculum Management solutions with WARP’s SpiderCache and DataReactor products, offering a cost-effective platform to deliver rich media over the Internet.

For the past two years, Astrum has worked to provide schools and educational institutions with richer content management with the help of its MediaVault™ and MediaCentral™ products. MediaVault is the only tool that provides the capability to combine live and static content in lesson plans and training materials. MediaCentral provides a system to centralize Web-based links and resources, and create a dashboard to quickly access information.

WARP’s SpiderCache and DataReactor products offer a software-based suite of solutions to accelerate business-critical applications and content delivered over IP-based networks. Together with Astrum, WARP will improve the performance and reliability of static and dynamic content delivered via the MediaVault and MediaCentral solutions.

“WARP’s Web acceleration and caching technology offers an extremely flexible suite of solutions to improve the speed and capacity of Web-based content,” said Brian Davidson, Chief Operating Officer at Astrum. “Integrating these capabilities into our content management system will provide users with a more interactive learning environment.”“Astrum has a broad range of experience serving the educational marketplace,” said Michael Liss, WARP’s Chief Operating Officer. “The combination of their products and expertise with the SpiderCache and DataReactor solutions offers schools and learning institutions a powerful environment to deliver all types of content and curriculum over the Internet.”

Through the alliance with Astrum, WARP’s products can be integrated as a component of an online content and curriculum management solution to deliver rich media over the Internet. This turn-key solution can be purchased through companies like Dell, Inc..

About Astrum, Inc.

Astrum Inc.© was founded on an idea to enable children to have access to media rich content. By empowering access to richer educational content we enhance the learning experience to a greater level. Customer feedback provided us a basis for understanding the principal needs in schools districts. As media becomes richer and more available two concerns were most prominent, adapting to the increased bandwidth requirements and providing a centralized method to easily access all types of media from a centralized location. For information, contact Astrum at 817-427-2450, or visit www.astruminc.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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