Brighton Technologies Completes Transition to Seedling Technologies Corporation.

Business Editors

PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 28, 2001

Brighton Technologies (OTCBB:BGHT) today announced the change of its name to Seedling Technologies Corporation, as well as the change in its trading symbol to (OTCBB:SEED).

Trading under the new symbol will commence today, and all shareholders in possession of Brighton certificates will be contacted with notice and instructions to mail them to the company for replacement. Beginning in November 2000, Brighton has restructured its operations, replaced its directors and management with a new slate from Seedling, and moved its offices from Allendale, NJ to Portland, OR.

Seedling's management team is currently completing outside audits of the company's FY 98, 99, and 2000 operating results. Completion is expected shortly, at which time the company will announce the date of the annual meeting and other milestones. Completion and filing of historical SEC disclosure documents is currently pending completion of the audits.

"Changing the name is but one small step toward resurrecting Brighton," said Paul Peterson, Seedling's President. "The challenges we face and the work involved in cleaning up and turning around Brighton are neither glamorous nor trivial; it is a complex job. Even so, we continue to believe that there is tremendous value to be regained on behalf of all of our shareholders, beyond even the progress we have made to date. That's our job."

Adds Douglas B. Spink, Seedling's Chairman and CEO: "We are continuing to build upon the foundation we inherited with the Brighton acquisition of Seedling, and I am confident that our team is more than up to this task. The turnaround of Brighton is only the tip of the iceberg; right now, the market landscape is littered with former high-fliers of years past, and we believe that Seedling has a prosperous future ahead as we assist shareholders of other struggling, public technology companies in salvaging and building value in today's tough market. Our work with Stonepath Group is one example of this strategy in action."

Founded in 1999, Seedling specializes in identifying and investing in innovative, technology enabled companies. Seedling's management then takes a proactive role in supporting profitable growth, working together with the management of its portfolio companies to provide access to key services and relationships. Additionally, Seedling acts as a catalyst to revive the operations of troubled public technology companies. Revenue is derived from transactional fees, ongoing consultative work, and sale proceeds from previous direct investments. Seedling's principals have hands-on experience helping more than 20 successful technology companies from founding through sale or other exit opportunities.

Additional information can be obtained from the following web site: http://www.seedling.net.

Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risk and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices and other factors discussed in the company's various filings with the Securities Exchange Commission.