Anexsys to Provide Clients With AuthentiDate Content Authentication.

Business Editors

NEW YORK--(BUSINESS WIRE)--March, 23, 2001

AuthentiDate, Inc., The Trusted Content Authority(TM) subsidiary of BitWise Designs, Inc. (Nasdaq: BTWS), today announced that Anexsys, LLC, has moved from beta testing to implementation of AuthentiDate's digital content authentication services. As a result, Anexsys, a leading information technology company and provider of e-Government solutions, will be able to provide its client user base with value-added secure authentication services. AuthentiDate's services, which can be integrated into Anexsys's current product solutions with minimal effort, will also allow Anexsys to increase its incremental revenue streams.

AuthentiDate's products will allow Anexsys to become more effective and efficient, and provide the highest level of digital authentication, security tools and services in the industry. Any type of electronic file or digital information that has been altered in any way will be detected using the AuthentiDate service, which provides unequivocal validation of any digital item's originality and/or authenticity with true evidentiary status.

"Authentidate provides Anexsys with a level of differentiation in the government marketplace by allowing government agencies to prove that electronic information has not been tampered with. This is particularly important in federal and state agencies, because citizens and businesses submit highly confidential personal and financial data in order to complete interactions with government agencies," said Patricia O'Donnell, vice president, Sales and Marketing for Anexsys. "Applications where AuthentiDate will be beneficial immediately include electronic unemployment tax collections, eTax bill presentment and collection, and ePassport administration."

"Our beta program exceeded expectations, and we are looking forward to assisting Anexsys, one of our key partners, with its implementation of our service. Our technology will allow Anexsys to offer its clients authentication services unprecedented in the industry," said Nick Themelis, Chief Technology Officer of AuthentiDate. "We believe that Anexsys will continue to generate incremental revenue streams based on value-added services with minimal investment," said Barry Bergman, vice president, Sales, for AuthentiDate.

AuthentiDate - "The Trusted Content Authority"

As businesses move towards a rapidly increasing number of paperless transactions, AuthentiDate is positioning itself as The Trusted Content Authority(TM). AuthentiDate's patent-pending technology addresses the need for the verification of digital information in all business processes. The AuthentiDate solution eliminates the possibility of the alteration of any electronic file without detection, enabling users to authenticate a file's originality with true evidentiary status, insured to protect all parties. By "AuthentiDating" electronic files, customers are provided a time and date stamped record of a file's content. At any time in the future, they are able to check a document, spreadsheet, e-mail, digital image and digital recording against the stored AuthentiDate code, to prove its originality.

About BitWise Designs

On January 8, 2001, BitWise Designs, Inc. (Nasdaq: BTWS) announced the restructuring and renaming of the Company to AuthentiDate Holding Corp. (AHC), (Nasdaq: ADAT), which is expected to be completed in Spring of 2001. AHC is the parent company of three divisions; AuthentiDate Inc., DocStar and DJS Marketing Group/Computer Professionals International. DocSTAR is a complete solution for storing and retrieving paper files electronically. DJS Marketing Group/Computer Professionals International performs computer integration services and sells computer products. AuthentiDate, Inc. has received patent-pending status for its innovative technology that can verify the authenticity of digital data with virtual certainty.

This press release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of The Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of The Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, The Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in The Company's reports filed with The Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by The Company or any other person that the objectives and plans of The Company will be achieved.