CNH Holdings Briefs Investor Groups on Business Strategy.

Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--June 24, 2003

CNH Holdings (OTCBB:CNHC)

Chairman and CEO James Miller spoke with North Dallas investor groups last week, to present the business strategy for CNH Holdings, Inc. (OTCBB:CNHC) and Corvero Networks, Inc. (www.corvero.com), a subsidiary of CNH Holdings.

The event was the first in a series of investor briefings being conducted to provide a forum for investors to learn more about the business strategy for CNH Holdings. "We wanted to talk to investors about the fundamental economic shift that is occurring right now in the telecommunications space, and what we believe is a window of opportunity for Corvero Networks and CNH Holdings," said Miller. "Companies are spending billions of dollars to migrate from traditional telephone networks to the next generation of technology--IP Telephony (Internet Protocol-based telephone systems). For example, at the latest Supercomm 2003--a major Telecommunications industry event designed to highlight emerging technologies--all of the new products being announced were IP telephony-based technologies. The products based around traditional telephony were almost non-existent. According to Infonetics Research, next generation voice product expenditures in North America will grow about 370%, from $533 million in 2003 to $2.5 billion in 2007; and European expenditures will grow 258%, from $380 million to $1.36 billion."

Miller went on to say "Companies are looking to IP telephony to drastically reduce their operating costs. For the first time in over 100 years, some of the major service providers like Sprint, WorldCom and others have announced intentions to completely switch their entire network infrastructures over to new technology--projecting savings of more than 30% in their operating cost. CNH Holdings is poised to capitalize on this opportunity, focusing investment towards early-stage companies leading the way in IP communications technology. Corvero Networks, an IP telephony applications platform provider, and the first company within the CNH Holdings' stable, is already attracting significant customer and investor interest due to growing demand for IP telephony and its associated products."

Greg Royal, Corvero's Chief Technology Officer (CTO), spoke about the product roadmap and the commitment to on-going research and development. He said, "we have invested heavily in research and development (R&D) specifically to make the Corvero Convergence Platform(TM) work seamlessly with Cisco's Call Manager(TM) platform. The Corvero Convergence Platform(TM) enables users to rapidly deploy IP telephone applications (phone features) like call recording, message broadcasting and paging and music-on-hold, amongst others, in a secure and reliable manner. We currently have the broadest suite of IP telephony applications based on a single platform, compared to any other solution provider, and will continue to roll out new feature-sets."

    Key highlights from the briefing include:

    1) A Fundamental Shift in the Economics for the Telco Industry

        IP Telephony (Internet Protocol-based telephone system) is one
        of the fastest growing technology categories today. It is a
        major structural change in the telecommunications market,
        driving a transition from traditional telephone systems to new
        IP-based telephony technology. The predicted Compound Average
        Annual Growth Rate (CAGR) for North America over the next 4
        years is 47%.

        Many thousands of companies upgraded their telephone systems
        back in the late 1990's in preparation for the Year 2000, and
        a large number of these companies opted for lease
        arrangements. At the time, IP telephony was just emerging as a
        competing technology to traditional telephony and was
        considered too new and potentially unreliable for the majority
        of buyers. Therefore, most companies selected traditional
        telephone technology for their systems, and many chose to
        lease their equipment in anticipation of the advent of IP
        telephony. Over the next three to five years many of those
        lease arrangements--billions of dollars worth--are coming up
        for renewal, and most companies are planning to use the
        opportunity to switch to the lower cost IP-based systems.

    2) Closing the IP Phone Feature/Functionality Gap

        IP telephony offers compelling new phone features not
        available on traditional telephone systems, but still lacks
        some feature sets some customers must have to support existing
        business requirements. The major IP telephone system providers
        are looking to their communities of application development
        partners to help close the gap on feature sets for their
        offerings.

    3) Corvero's Convergence Platform(TM) - Creating IP Telephony
       Applications for Today on a Platform Built for Tomorrow

        In addition to developing IP telephony applications that close
        the IP telephony feature gap, Corvero was the first to ship a
        network appliance--the Corvero Convergence
        Server(TM)--designed specifically for enabling these and other
        IP telephony applications.

        Corvero's technology also provides the "heavy lifting
        integration" required within the enterprise for accessing data
        in enterprise applications like SAP, Oracle, Siebel, and
        others. The platform enables companies to substantially
        increase the value of their IP telephony investment over time.

    4) Investing in Technology Companies Who "Get It"

        CNH Holdings is aggressively pursing acquisition candidates
        that complement IP telephony offerings. These targets include
        speech technology and integration platform companies, amongst
        others. CNH will continue to build out the portfolio of
        advanced technology companies.

To arrange a briefing or to find out about a briefing planned for your location please contact Corvero at the address below.

About CNH Holdings, Inc.

CNH Holdings (OTCBB:CNHC) is a technology investment holding company that works with early-stage technology companies, which have significant intellectual and marketing properties in the emerging IP Telephony, Convergence and XML fields. CNH intends to assist young companies in high-growth markets by supporting their capital and management needs. (www.cnhholdings.com)

This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events and the future financial performance of CNH Holdings that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by CNH Holdings with the SEC, specifically the most recent reports on Form 10-K and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.

Corvero Networks, Corvero Convergence Server(TM) (CCS), Corvero Integration Server(TM) (CIS), and InterpriseOne(TM) are all trademarks of Corvero Networks, Inc.