(NTAP) NetVoice Technologies Announces the Acquisition of Synetric Inc.

Business Editors

DALLAS--(BUSINESS WIRE)--May 19, 2000

NetVoice Technologies Inc. (Pink Sheets:NTVT) an emerging player in the VoIP industry, is pleased to announce the acquisition of Synetric Inc.

Synetric Inc. is a networking convergence company dedicated to the integration of voice and data networks.

Synetric Inc. is a member of the Cisco Advanced Technology partners program. This certification allows the company to implement enterprise premise deployment of Cisco IP phones, network infrastructure, unified communications and IP centrex. IP centrex is a complete end to end solution from network to desktop offering a full suite of integrated services. The deployment of theses solutions offer recurring revenue streams for NetVoice in the high growth VoIP market segment. The management team of Synetric has over 75 years of combined experience in data and telcom. As a full service enterprise network integrator, the company offers a complete package of networking services, including local and wide area design, project management, systems integration, hardware, software and maintenance contracts.

NetVoice will benefit from the merger by utilizing Synetric as the professional services arm of the company to deploy the implementation of converged voice and data, unified messaging, IP telephones, IP video and other value added products and services into the enterprise market.

"The expertise and experience gained as a result of this merger will allow us to move more quickly into the full service VoIP telephony business," said Jeff Rothell, President and CEO of NetVoice. "With Synetric on board, not only will we be in the position to further capitalize on our own relationship with Cisco but we will also be better positioned to develop and deploy new product offerings for our customers."

"What the PC was to the 80's and the router was to the 90's, IP telephony is to the new millennium," said John C'de Baca, President of Synetric, Inc. "Since our inception in 1998, we've been approached with four separate acquisition opportunities. We've turned them all down due to a lack of shared vision. We chose NetVoice due to our common destiny -- VoIP and all that it enables."

About NetVoice

NetVoice utilizes a Cisco Powered Network (CPN)(Nasdaq:CSCO) that employs packet-switching technology to break voice, text and video services into data packets and routes them over a Virtual Private Network utilizing Level 3 (Nasdaq:LVLT) backbone. LEVEL 3, Cisco Systems, Inc., Global Crossing (Nasdaq:GBLX) and Network Appliance (Nasdaq:NTAP) are NetVoice strategic partners that are shaping the networks our customers utilize today. By owning a proprietary network, NetVoice can offer carrier grade quality with low-latency connections, at substantially lower cost than the traditional circuit-switched carriers.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end-use customers' acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations, and other risks associated with the regulation of the Internet and the telecommunications industry.