Celerity Systems Picks Tele-Optics as Broadband Provider in Desertscape Project.

Business Editors and Technology Writers

KNOXVILLE, Tenn.--(BUSINESS WIRE)--March 22, 2001

Celerity Systems, Inc. (OTC BB: CLRT) announced today that it has selected Tele-Optics, Inc., of Kingsport, Tennessee, as its installation and networking provider for the Bala Desertscape project in Mesa, Arizona. Work begins on the network installation this week. Services to be provided for the tenants of this new community include cable television, high-speed Internet on a PC or TV, video on demand and other interactive television services, T commerce, home energy management, and security monitoring.

"We have high confidence in Tele-Optics," said Ken Van Meter, President and CEO of Celerity. "They are strong in a wide range of network technologies and architectures, and our deployments are likely to be on many different platforms, depending upon the type of deployment, the services to be offered, the age and condition of the existing network, and other factors. It is good to have a company like Tele-Optics that can handle just about anything. In addition, we are talking to some larger firms about partnering on technology deployments, and Tele-Optics can readily adapt and support them. We also like the fact that their headquarters is less than two hours away, which makes it much easier to collaborate on designs and issues."

"We are very pleased to be working with Celerity," said Joe Kearns, Director of Sales and Marketing of Tele-Optics. "We are excited to be part of the emerging new products and services to be deployed in homes, multi housing properties, hotels, hospitals, and schools using leading edge products like Celerity's T 6000 Digital Set Top Box. We have never seen anything like its ability to provide so many new and valuable services, and we hope to install quite a few for Celerity and their customers in the years ahead. We believe that Celerity has a strong vision for the deployment of their products and services, and are delighted to see that both companies have the synergies to deliver top quality solutions to the end users."

Celerity Systems is a provider of advanced digital set top boxes and video servers for the interactive television and high speed Internet markets. Celerity's target markets include multihousing, hospitality, schools, hospitals, telcos, energy companies, and cable companies. Celerity can also provide end-to-end systems through strategic relationships with leading companies including Cisco, Battelle Laboratories, Interactive Medical, Marconi, Nortel, nCube, and Minerva Systems. Celerity is also partners with TeachStream, Inc., formerly The Video Journal of Education of Sandy, Utah, to incorporate TeachStream's innovative professional development content in the interactive digital video systems.

Tele-Optics, Inc. is a provider of network design, installation, maintenance and support services throughout the US, and is certified on Cisco, Extreme Networks, Nortel, Elastic Networks, Marconi, Corning Fiber-Optics and a wide array of other network systems and services. Major customers include Eastman Chemical, Federal-Mogul, Covenant Health, GlaxoSmithKline, and the University of Tennessee.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.