Alydaar Acquires Way Communications; Web Hosting Service Provides Final Component to Complete Enterprise Information Portal -EIP- Solutions Offering.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 19, 1999--Alydaar Software Corporation (Nasdaq: ALYD) today announced that it has signed a binding letter of intent to acquire Way Communications of New York, NY. The terms of the deal were not disclosed.

The acquisition of Way Communications permits Alydaar to offer its customers complete Enterprise Information Portal (EIP) solutions including custom-tailored advanced hosting services. Way Communications (www.way.com) currently provides both individual and corporate customers with a full suite of Internet access and hosting solutions including: -0-

--      Web Hosting
--      FTP Servers
--      Server Co-Location
--      Mailing List Servers
--      Internet Consulting
--      Leased Lines
--      ISDN
--      Dial-up Access
--      1-800 Dial-Up
--      E-mail Service
--      UUCP Connection
--      E-mail to Pager/Fax

Robert Gruder, Alydaar's CEO, stated: "Every month approximately 53,000 new Internet servers are installed. That is 1.2 servers every minute of every day. As organizations grow, they need to connect their resources and disperse their information stores across the enterprise and the Internet. With Alydaar's Virtual Web Server technology, its Tumble Interactive New Media Firm, and now with Way Communications, Alydaar offers proven solutions and expertise in all phases of EIP design, development and deployment."

Andrew Berkowitz, Way's CEO, stated: "On the Web, everything depends on your hosting company. As organizations accelerate their deployment of mission-critical Web based applications, they increase their business's reliance on their ISP. They must work with a company that can support all of their Internet and intranet needs. Teaming with Alydaar provides us with the opportunity to be part of an exciting new opportunity and we look forward to supporting this component of their E-commerce and EIP solutions."

Alydaar Software Corporation will hold a conference call to discuss recent acquisitions and strategic business strategy and directions. The call will be held on Monday, February 22nd at 10:00 AM. To participate on the conference call, please call 800-475-8413. (International callers must dial, 415-228-4643.) The passcode for the call is "Alydaar Software".

Alydaar Software Corporation is a worldwide developer of Enterprise Information Portals. Alydaar provides management consulting, design, development and the deployment of Virtual Information Portal solutions. Additionally, Alydaar assists organizations in transforming their current legacy information systems architecture to support heterogeneous, scalable, flexible, and ubiquitous internet/intranet architecture. Alydaar also offers Year 2000 services utilizing its SmartCode technology, remediating or auditing most computer languages on most hardware platforms. Alydaar's clients include: 3M (NYSE: MMM), Advanced Micro Devices (NYSE:AMD), DuPont (NYSE: DD), Kelly Services (Nasdaq: KELYA), McDonnell-Douglas (NYSE: BA), Nabisco (NYSE: NA), British Airways (NYSE: BAB), Northern States Power (NYSE: NSP), RJ Reynolds (NYSE: RN), TOTAL (NYSE: TOT), OMG Worldwide, and Whirlpool (NYSE: WHR), among others. More information about Alydaar Software Corporation and its services can be found on the World Wide Web at http://www.alydaar.com.