AuthentiDate Beta Tests Target Key Markets.

Business Editors/High-Tech Writer

NEW YORK--(BUSINESS WIRE)--Feb. 28, 2001

Eight Beta Tests are Positioned Within High

Growth Markets for E-Business Security

AuthentiDate(TM), Inc., a subsidiary of BitWise Designs, Inc. (Nasdaq: BTWS) and a trusted provider of content authentication, today announced that it currently has eight beta tests in progress with companies that represent high growth sectors for the e-business security market.

Matthew Kovar, Director of Security Solutions & Services at the Yankee Group commented, "AuthentiDate(TM) is meeting the need for a trusted content authority through the implementation of its solution that proves originality and authenticity of an electronic file. These beta tests are validation that companies are looking for verification of digital information across a broad range of business processes. This technology will play an important part in the market for secure content delivery services and products which the Yankee Group predicts will surpass $2 billion by the year 2005."

"We are working with our beta customers to establish AuthentiDate(TM) as The Trusted Content Authority(TM) and we are very encouraged by their level of interest and commitment," said Rob Van Naarden, Chief Executive Officer, AuthentiDate(TM), Inc. "The need to assure the originality of the content of digital files is becoming a focus for many businesses today. We are pleased to have placed our current beta tests in high growth markets where our services will become invaluable as these companies establish a secure set of standard e-business processes."

Each test market was carefully selected based on its critical need to verify the authenticity and originality of electronic information. Consequently, each company is conducting a beta test that utilizes the AuthentiDate(TM) technology for unique applications. Below is information on the use of AuthentiDate's(TM) technology in the ongoing beta program:

- A leading provider of creative and configurable e-commerce solutions for
federal, state and local governments initially will prototype the
AuthentiDate(TM) technology for the electronic presentment and collections of
small business unemployment insurance.

- A leading provider of scientific, engineering and information
technology-based solutions for the public sector is utilizing AuthentiDate(TM)
as an option in their high-end security suites for content non-repudiation.

- A high-profile litigation support group that makes discovery documents
available on-line for attorney use is testing the AuthentiDate(TM) technology
within the solution it provides to the litigation support market. The group
will AuthentiDate(TM) submitted evidence in order to prove that a document has
not been altered.

- A leader in anti-counterfeiting technology is utilizing AuthentiDate(TM) as
part of its solution for providing general document security for the
authentication of sports memorabilia.

- A government systems integrator is utilizing the AuthentiDate(TM) technology
as part of its web enabled solution that allows for the conversion of paper
based forms to guarantee the authenticity of these forms.

- One of the world's largest management and IT consulting firms will test the
AuthentiDate(TM) technology as part of its solution for online and offline
storage of legal and contract support documents.

- A high-profile company that provides Web-based software solutions that
automate business processes and transform them into electronic processes will
use AuthentiDate(TM) technology to guarantee the content of web enabled forms
and paper based transactions.

- A security imaging system is using AuthentiDate(TM) to prove video images
taken on security cameras have not been altered.

AuthentiDate's(TM) technology is integrated within these beta customers' networks and provides security by "AuthentiDating"(TM) all or any designated electronic files created in everyday business transactions. By "AuthentiDating"(TM) these electronic files, customers are provided a time and date stamped record of a file's content. At any time in the future, they will be able to check a document, spreadsheet, e-mail, digital image and digital recording against the stored AuthentiDate(TM) code, to prove its originality.

AuthentiDate(TM) - "The Trusted Content Authority"(TM)

As businesses move towards a rapidly increasing number of paperless transactions, AuthentiDate(TM) is positioning itself as the Trusted Content Authority(TM). AuthentiDate's(TM) patent-pending technology addresses the need for the verification of digital information in all business processes. The AuthentiDate(TM) 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.

About BitWise Designs

On January 8, 2001, BitWise Designs, Inc. (Nasdaq: BTWS) announced the restructuring and renaming of the Company to AuthentiDate(TM) Holding Corp. (AHC), (Nasdaq: ADAT), which is expected to be completed in Spring of 2001. AHC is the parent company of three wholly-owned subsidiaries; AuthentiDate(TM) Inc., DocStar and DJS Marketing Group/Computer Professionals International. DocSTAR is a complete, turnkey solution for storing and retrieving paper files electronically. DJS Marketing Group/Computer Professionals International performs computer integration services and sells computer products.

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.