AT&T Executive Joins Planet Zanett Board of Directors.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 26, 2001

L. Scott Perry, Vice President, Strategy & Business Development, AT&T Solutions has joined the Board of Directors of Planet Zanett, Inc. (INCU), a NASDAQ listed company established to form a commonwealth of businesses in the IT sector.

At AT&T (NYSE: T) Mr. Perry's responsibilities focus on building and refining the business strategy of AT&T and creating growth by planning new businesses and directing the alliance, investment and acquisitions of software technology and networking services firms. He and his team led the 1998 acquisition of IBM's Global Network business and its assimilation into AT&T. The same team also worked on the implementation of the global Venture with BT and the first investment by NTT in a non-Japanese based services firm in Japan.

In a prior assignment at AT&T, Mr. Perry served as Vice President for Advanced Platform Services where he developed new sources of technology and services partnerships. Before working at AT&T, he spent 16 years at IBM (NYSE: IBM) where he held a number of marketing and general management positions.

Claudio Guazzoni, President of Planet Zanett said, "In our strategy of building a confederation of profitable IT companies, we will draw on Mr. Perry's proven ability to manage relationships with computer software and professional service firms. Mr. Perry and the entire Board of Directors will play a vital role in the development and management of Planet Zanett's IT Commonwealth."

Mr. Perry is the recently retired Chair of the Information Technology Association of America. He serves on the Board of Directors of INEA, a private e-analytics software company; SMARTSERV ONLINE, an online information services company; AONET, a networking services start-up; and Network Planning and Policy Advisory Council for UCAID (the University Corporation for Advanced Internet Development) - which runs the Internet2. Mr. Perry holds a Bachelor of Science degree in civil engineering from Cornell University and a Master of Science degree in management from Stanford University. He was also a Sloan Fellow at Stanford in 1983.

About Planet Zanett, Inc. (www.planetzanett.com)

Planet Zanett is an industry consolidator led by a group of investment professionals who, since 1991, have formed and consolidated businesses around cutting-edge internet, wireless, optical, and telecom technologies. Planet Zanett partners with the owners of profitable companies to identify highly fragmented markets and then orchestrate a platform for consolidations.

Planet Zanett's management team has been instrumental in the success of a number of young technology companies including Robotic Vision Systems, Inc (NASDAQ: ROBV), SmartServ Online (NASDAQ: SSOL), YouthStream Media Networks, Inc (NASDAQ: NETS), and FiberNet Telecom Group, Inc (NASDAQ: FTGX).