CORRECTING and REPLACING DG2L Technologies, Inc. On Acquisition Spree of Media Based Solutions Companies.

Entertainment Editors/Business Editors/High-Tech Writers

CORRECTION...by Business Wire

NEW YORK & NEWARK, Calif.--(BUSINESS WIRE)--March 17, 2004

In BW5255 issued March 17, 2004: In the contact information, the email address under Press information should read: [e-mail] (Sted: [e-mail]).

The corrected release reads:

DG2L TECHNOLOGIES, INC. ON ACQUISITION SPREE OF MEDIA BASED SOLUTIONS COMPANIES

DG2L to Expand its Product Line and Operations Globally with the

Acquisition of iVAST Inc., iVAST International, Inc.,

and Moirai Media Solutions

DG2L Technologies, Inc., the premier provider of next-generation digital media technologies and the first company to release an MPEG-4 based digital cinema system, today announces the acquisition of iVAST International, Moirai Media Solutions, Inc., the parent company of iVAST International, and iVAST Inc.'s entire assets including all intellectual property, trademarks, patents, and MPEG-4 technology platform products. iVAST International Inc. is the world's leading provider of end-to-end MPEG-4 solutions with multiple sales offices in China and operation centers in Tokyo and Silicon Valley. iVAST International recently expanded its product line and market strategy to offer best-of-breed solutions from the industry's top vendors in encoding, decoding, streaming, VOD, mobile and satellite delivery of MPEG-1, MPEG2, H.264, HD, and WM9. With today's acquisitions, DG2L becomes the only global vendor with the ability to design, deliver, install and create a digital media delivery system, supporting any codec across any network, to any device.

"DG2L is a leader in developing digital media distribution, delivery and playback solutions," said Ankur Sheth, CEO of DG2L. "The acquisition of iVAST allows us to penetrate the market rapidly on a worldwide scale, taking advantage of iVAST International's extensive channel and customer base. The acquisition of iVAST Inc.'s technology allows us to continue to support and generate revenue from the existing iVAST customer base, while expanding the market with a more comprehensive and complete digital media product lineup."

iVAST Inc. and iVAST International spent five years building the most comprehensive media-based system integration, distribution and reseller channel network across Asia Pacific, Australia, Europe, South America, and the United States, along with a substantial list of end user clients, including @NetHome Japan, Bluewave Technology, China Education TV, China Telecom, Dawning Computer, Dentsu, DNP, Hiroshima University, Japan Business TV, Memory-Tech, NTT Communications, Oriental Telemedia, Sony, Teleman Communications, and Yahoo.

Ben Silva, President of iVAST International, joins DG2L as Executive Vice President of Worldwide Sales and Marketing, including new business development. Silva, an industry acknowledged expert on MPEG-4 and digital media solutions, will report to Ankur Sheth.

"Our channel partners and end users alike were asking for a complete end-to-end solution that could accommodate any media format, across a range of bit rates, and be scalable to deliver over any network type, from small to large deployments," commented Ben Silva. "We needed the flexibility to receive a request from a customer and be able to confidently say, 'yes we can,' regardless of the media format or network delivery platform."

"The acquisition of iVAST Inc., iVAST International, Inc., and Moirai Media Solutions will enable us to significantly expand the scope and influence of our product offerings," added Sheth. "The combination of DG2L's world-class engineering and development capabilities, iVAST Inc.'s technology and iVAST International's global sales and system integration channel network, best-in-breed technology partners and extensive installation experience, makes DG2L the largest provider of MPEG-4 solutions and the most complete media delivery solution provider in the world today. We intend to solidify our leading position through the acquisition of other digital media technology companies in the near future."

DG2L Delivers World's First End-to-End Solution

In any media deployment, the network or service operator must rely on a variety of vendors to create an end-to-end solution, with multiple product resellers and system integrators (SIs), all attempting to work together to create a solution. Typically, local SIs and solution resellers in each region are limited to the brands they carry. The end result is a very time-consuming and expensive integration process, and a significant slow-down in media deployment. Until today, there has been no one company to offer turnkey, end-to-end solutions on a global scale. With DG2L's acquisition of iVAST International, this has now changed.

"DG2L's engineering and development, combined with iVAST International's extensive channel, client base and best-of-breed technology vendors, establishes DG2L as the most comprehensive master SI/Distributor worldwide," added Silva. "From the entire integrated head end, to the most advanced interactive set top box, DG2L is the only vendor to offer a one-stop shop -- from concept to completion -- anywhere in the world. This is great news for our new and existing customers."

With offices in New York, Newark, California, Tokyo, Beijing, Taiwan, Singapore, Mumbai, Changsha, and Chonqing, DG2L has a large footprint of sales and support to facilitate the demands of network operators, broadcasters, and enterprise customers anywhere in the world.

"DG2L is now able to deliver what others can only promise -- a true turnkey, end-to-end solution -- with complete custom integration services," said Sheth. "We are extremely excited about these acquisitions and what they will mean for our customers worldwide."

About DG2L Technologies, Inc.

Founded in 2001, DG2L Technologies, Inc. is a premier provider of next-generation digital media technologies. The company is one of the first in the world to engineer technology solutions based on MPEG-4 standards. DG2L is headquartered in New York with offices in Newark, California, Tokyo, Beijing, Taiwan, Singapore, Mumbai, Changsha, and Chonqing. For more information about DG2L, please visit www.DG2L.com.

For customers interested in learning more about DG2L and our products:

Global: [phone]

United States: [phone]

For media:

Global: [phone]; [e-mail]