BIFS Technologies: Frank Bridges of Lucent Technologies Named as Chief Operating Officer of Emerging Technologies Division, BIFS Technologies Corporation.

Business Editors

SARASOTA, Fla.--(BUSINESS WIRE)--Jan. 9, 2001

BIFS Technologies Corporation (NQB:BIFT) announced today that Mr. Frank Bridges has been appointed as the company's new Chief Operating Officer of the Emerging Technologies Division. Mr. Bridges' distinguished professional career includes a variety of technical and managerial positions within the telecommunications industry and prior to his affiliation with BIFS Technologies, Bridges served as the Director of Broadband Cable Operations - (NNS) for Lucent Technologies.

Mr. Al Keyser, Chairman and Chief Executive Officer commented on the appointment by stating, "Frank Bridges is a welcome addition to our corporation. He not only brings a wealth of professional expertise and capability to the job, but Frank Bridges enjoys a reputation among his colleagues as a visionary who makes things happen. We are delighted to welcome Frank Bridges to the BIFS family and believe that he will play an instrumental role in leading this corporation as we begin our rollout of the SWOMItm broadband wireless network."

As Director of Broadband Cable Operations - (NNS) for Lucent Technologies, Mr. Bridges was responsible for the support of customer implementations of high-speed voice, video, and data services. Immediately prior to this assignment, Mr. Bridges served as Lucent's International Operations Manager and was responsible for the worldwide deployment of the company's data products and services. From 1994 - 1997, Mr. Bridges served as Global Technical Manager for Lucent and ATT and was tasked with new product deployment in support of voice, data, video, and wireless products. During the period from 1982 to 1992, Bridges held several positions within ATT that focused on the sales, marketing, distribution, and technical support of the company's products and played a key role in the interface of the corporation's product lines with other vendors and customers including Nortel, Ericson, MCI, and Sprint.

Bridges commented on his new role with BIFS Technologies by stating, "I am very excited about the opportunity to lead BIFS Technologies Corp into the global market of wireless services and high speed Internet connectivity. After a thorough review of the intellectual assets, business practices, market potential, and the products presently under development in research and engineering, it was an easy decision to join the BIFS team. I am optimistic that BIFS will play a significant role in the wireless Internet market over the next several years and will continue its expansion into new geographic markets for all of its product lines. Unlike many technology companies, BIFS has structured its business from a well-defined financial perspective and has selectively deployed its technologies into markets that afford a substantial degree of return. This practice combined with the technological capabilities offered through the SWOMItm wireless product, will serve to further the competitive position of the corporation as it develops. Our goal will be to continue building a stabilized growth pattern for the company that assures market share in selected areas and provides long term recurring revenue."

Safe Harbor Statement The statements contained herein which are not historical are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statements, including, but not limited to, the Company's ability to market its products and services and future customer acceptance for these products and services and other risks detailed from time to time in company documents furnished to investors.