Amplify.net Closes $12.6 Million Financing Round from Prestigious Investment Groups in Asia; Plans to Establish Asian Business Headquarters in Hong Kong.

Business Editors

FREMONT, Calif.--(BUSINESS WIRE)--March 14, 2000

Amplify.net, Inc. (http://www.amplifynet.com/) a Silicon Valley startup company specializing in broadband service management tools, today announced two important developments extending its business into the rapidly growing broadband infrastructure markets in Asia -- First, the closing of $12.6 million equity funding from a group of strategic and institutional investors in Asia, and Second, its plan to establish the company's Asian business headquarters in Hong Kong.

KLM Capital Group (http://www.KLMTECH.com/), a venture capital firm with offices in Hong Kong, Silicon Valley and Austin, Texas, acted as the round's lead investor. Upon the closing of this financing round, Mr. Peter Mok, KLM's President & Chief Executive Officer was appointed to Amplify's Board of Directors.

"We have identified strong market demand for our broadband service management tools in various parts of Asia, from Japan and Singapore to Hong Kong and China. Our comprehensive solutions that include subscriber provisioning, bandwidth management, guaranteed quality of service and customer billing, are ideal for service providers who specialize in offering high speed broadband access to small and mid-sized companies and for customers in multi-tenant buildings," said Pauline Lo Alker, Amplify.net's President & Chief Executive Officer. "Our prestigious Asian investor group, each with highly influential business connections in Asia, will give us valuable advice and assistance as we aggressively expand into Asia, and help put us in an advantageous position in the market."

Other investment participants include NetworkAsia, a newly formed technology investment firm, affiliated with Hamon Investment Group, American Pacific Ventures, Inc., The Kuok Group, Shui On Holdings, The Kaifa Group, Evergreen Investment Group, and FMC.com Investment Holdings, all of which are based in Hong Kong, plus Indonesia's Lippo Group, and Taiwan-based Technology Partners Venture Capital Co.

"NetworkAsia's shareholders include Trans Cosmos Inc., Japan's leading provider of outsourced IT solutions and a highly experienced and successful investor in US Internet businesses, as well as other leading Asian technology companies," said Mr. Alfredo Lobo, CEO of NetworkAsia. "Our goal is to create a synergistic network of companies that are facilitating Internet growth and commerce in Asia. We invest primarily in leading startup companies in Internet, e-commerce and software from incubation through initial public offering. Our participation in Amplify's current financing round represents a very important initial investment for NetworkAsia and we, along with our network partners, look forward to supporting Amplify's Asian business initiatives," Mr. Lobo continued.

In conjunction with this financing round, Amplify announced plans to establish its Asian business headquarters in Hong Kong, responsible for strategic business development, marketing, sales, technical support as well as local engineering.

In December 1999, the company announced the successful closing of a round of $6.1 million in equity funding from three (3) corporate investors, including 3Com Corporation (Nasdaq:COMS), Wi-LAN Inc. (ASE:WIN) and Kingston Technology Corporation. Amplify's existing investors Alpine Technology Ventures, Aspen Ventures and two (2) individual "angel" investors also participated in this round of funding. The current investments follow a first venture capital round of $3.63 million in June 1998.

About Amplify.net, Inc.

Amplify.net develops and markets broadband service enabling solutions that provide multiservice subscriber provisioning, guaranteed class of service, traffic shaping, data warehousing and usage billing and analysis for service providers and network equipment suppliers.

Headquartered in Fremont, California, amplify.net, Inc. is a privately held company funded by several reputable high technology venture capital firms. For more information, please visit Amplify.net's Website at http://www.amplifynet.com/. Amplify.net, Inc. is located at 47381 Bayside Parkway, Fremont, CA 94538.