Arthur Lipper III Joins Path 1 Advisory Board; International Banker, Financier, Management Consultant, Author and Lecturer, to Build on Strengths of Path 1 Advisory Board.

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--Nov. 23, 2000

Path 1 Network Technologies Inc. (OTCBB:PNWK) (Frankfurt: PNT) CEO Dr. Michael Elliott Thursday announced the appointment of Arthur Lipper III to the Path 1 advisory board.

Lipper has been affiliated with the international financial community since 1954. His Stock and Commodity Exchange memberships have included: NYSE, American, Midwest, Pacific Coast, Detroit, Boston, Philadelphia, Bangkok, NY Comex, and NY futures Exchange. Lipper also serves as president of Communications Management Associates.

"Path 1 is ideally situated with the right technology, right team, and right market to become a global player in the new interactive economy," said Lipper. "Path 1's unique TrueCircuit(TM) technology gives them an edge over other IP networking solutions."

Lipper joins Vern Yates, John Splavec, Drs. David Lyon, Lee Shevel, Rene Cruz, and Robert W. Brodersen on the Path 1 advisory board.

"Lipper brings a financial focus to the board," said Dr. Elliott. "We have had tremendous technology support from Dr. Cruz of UCSD and Dr. Brodersen from UC Berkeley. Dr. Lyon, chairman and CEO of Silicon Wave brings over 30 years of telecommunications background. Dr. Shevel, managing director of EIM, brings extensive expertise in enterprise integration and management. John Splavec has 35 years in the Information Technology industry and most recently was managing partner at Andersen Consulting. Vern Yates brings extensive knowledge in the business of technology and is president of the San Diego division of Tech Coast Angels. The addition of Lipper rounds out the areas of expertise on Path 1's advisory board. We are very fortunate to have him on board."

A complete set of bios on the Path 1 advisory board members will appear on Path 1's Web site in early December.

About Path 1 Network Technologies Inc.

Path 1 Network Technologies Inc., founded in Jan. 1998, is becoming a leader in providing "circuit switched" quality of service (QoS) hardware and software for IP networks, including the Internet. The company is developing products to allow telephony, audio and video data to travel on one homogeneous IP network. Additional information can be obtained from the company's Web site, www.Path1.net.

SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually," or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that product development will not be completed successfully, competing technologies that are as good as or better than Path 1's may arise, Path 1 may be unable to obtain necessary financing to continue development, acquired businesses that are geographically and culturally distinct may not be able to be successfully integrated and Path 1 may be unable to find suitable licensees and strategic allies on suitable terms, and other risks identified in Path 1's quarterly report on Form 10-Q and other filings with the SEC. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof, and Path 1 undertakes no obligation to update such statements.