Bridge Technology, Inc. Announces Proposed Public Rights Offering.

Business/Technology Editors

GARDEN GROVE, Calif.--(BUSINESS WIRE)--May 24, 2001

John Harwer, President of Bridge Technology, Inc. (Nasdaq:BRDG) a data storage and communication components company, today announced it will conduct a public offering of rights to the shareholders of Bridge. Each shareholder of Bridge, as of the record date, will be issued a rights certificate. Each rights certificate will entitle the shareholder of record to purchase over a forty-five (45) day period two (2) common shares of Bridge for every ten (10) shares held by the shareholder, as of the record date. In addition, each rights holder that exercises his or her right to purchase common stock will receive concurrently one common stock purchase warrant for each share of common stock received in the exercise. Each warrant will entitle the holder to purchase one common share of Bridge over a five (5) year period.

The rights offering is subject to the effectiveness of a registration statement to be filed with the Securities and Exchange Commission. The record date for determining those shareholders of Bridge entitled to receive the rights will be on or immediately prior to the effective date of the registration statement. The exercise price of the rights and the exercise price of the warrants issuable upon exercise of the rights will also be determined immediately prior to the record date.

A registration statement relating to these securities has not yet been filed with the Securities and Exchange Commission. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement has been filed with the Securities and Exchange Commission and becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any state.

About Bridge Technology, Inc.

Bridge Technology, Inc. is essentially a "time-to-market" company that designs, manufactures, and distributes digital recording, storage, communication components, and sub-assembly units, primarily to long standing OEM customers. The company, with subsidiaries in the United States, Japan, Hong Kong, and China, is also a design innovator for the data, voice, multimedia, Internet and wireless communication industries. More information on Bridge Technology, Inc. may be obtained over the Internet at www.bridgeus.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The company disclaims any obligation to update information contained in any forward-looking statement.