Abbott Mines Ltd. Announces Intention to Pursue Internet Network Technology Business Model.

Business & Technology Editors

NEW YORK--(BUSINESS WIRE)--June 12, 2002

WARP Solutions, Inc

Acquires WARP Solutions, Inc a Leading Innovator of

Technology for Accelerating Transaction Processing over the Internet

Abbott Mines Ltd. announced that it has completed a transaction for over 80% of the shares of WARP Solutions, Inc as part of a program to shift the firms operating model from resource mining to Internet Network Technology. Abbott Mines Ltd. is listed on the OTC Bulletin Board under the symbol ABTN.

WARP's first-round and second round investors included Morgan Stanley, Wheatley Partners and Ridgely Management. In connection with the transaction, WARP has sufficient operating capital to begin rollout of the "WARP 2063 Application Pre-Processor", a hardware technology that accelerates transactions processed by application servers and ERP software. WARP has installed its current network appliance based application acceleration technology, the "WARP 2063 Application Pre-Processor", at Forbes.com, FreeEdgar.com and with its channel partner reseller NTT/Verio UK. Its next generation total solution, known as GTEN for "Global Transaction Enabled Network", is already well along in development and will be scheduled for future release.

Karl Douglas, WARP's President, said "With the 2063 as our market entry product, WARP has created a cost-effective solution to a problem that no one else has successfully tackled. WARP's application pre-processors are specifically developed to improve the transaction processing performance for high volume transactional sites such as web-enabled corporate enterprise applications including ERP and CRM, managed hosting and hosting service clients and other web-enabled environments.

Furthermore, Mr. Douglas noted, "We are pleased to be in the public arena, which will definitely enhance our ability to retain and attract talent and will significantly aid us in raising additional growth capital."

WARP Breaks Bottlenecks and Lowers Costs

Unlike the static web pages that deliver published information, dynamic web pages are those queried or customized by users' inputs, such as search functions, log-in areas and shopping cart functions. Dynamic web pages are transactional in nature, and depend on frequent, real-time database queries. These pages are served by application server products such as IBM WebSphere and BEA Weblogic. They are also served by web-enabled ERP software such Peoplesoft and SAP, and CRM solutions such as Siebel Systems. The "WARP 2063 Application Pre-Processor" hardware solution provides a dramatic performance boost to these types of applications without the need for expensive additional programming effort or huge capital outlays for major hardware upgrades. The significance of this product is that for the first time, network engineers, managed service providers and application developers alike, can optimize an application in less than one day, saving months of effort doing traditional tuning and database enhancement.

In-depth WARP product information is available at http://www.WARPSolutions.com.

Listing Information

WARP Solutions, Inc. is now the sole operating entity of Abbott Mines (symbol ABTN). This transaction is consistent with the desire of Abbott's Board of Directors to pursue a business strategy in Internet Network Technology. WARP Solutions, Inc. is the sole operating entity, and the prior business model has ceased. Participating WARP shareholders will exchange their shares for restricted shares of common stock in Abbott. The shares will trade on the OTC Bulletin Board under the symbol ABTN.

WARP Solutions' management team is comprised of Karl Douglas, President; John Gnip, Chief Operating Officer; Brian Matzke, VP Global Sales; Kevin Chen, VP Research and Development. The remaining officers and directors of Abbott Mines are relinquishing their positions, with the exception of Carlo Civelli, who will remain as a director of the public entity.

WARP Solutions, based in New York City, has developed technologies to speed transaction times and performance over the Internet. WARP is committed to providing the leading next generation of transaction enabled, network performance-enhancing, solutions for the Internet. WARP's server side and edge technologies are developed to optimize and distribute transaction processing while providing the scalability necessary to support increasingly dynamic website content.

Certain of the matters discussed herein include forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", should and similar expressions are forward-looking statements. The actions of current and potential new competitors, changes in technology, seasonality, business cycles, and other factors may impact greatly upon strategies and expectations and are outside the Registrant's direct control.