Celerity Systems Receives First WIT Technologies Order.

Business Editors & Technology Writers

KNOXVILLE, Tenn.--(BUSINESS WIRE)--Sept. 28, 2000

Celerity Systems, Inc. (OTCBB:CLRT) announced today that it has received an order for one hundred of its T 6000 digital set top boxes, with a purchase price of approximately $55,000 under its long-term purchase agreement with WIT Technologies of Seattle, Washington. The order is the first of several anticipated orders as part of the five-year contract under which WIT has agreed to purchase all of its needed digital set top boxes from Celerity, with a minimum commitment to purchase 500,000 digital set top boxes. Should WIT purchase the minimum number of set top boxes, depending upon when the units are purchased and several other factors, the Company estimates this would put the value of the set top box portion of the agreement at approximately $200 million.

WIT Technologies plans to utilize Celerity's equipment and services in a number of applications, with initial deployment as a full service digital provider in the hospitality industry, featuring interactive video services, high speed Internet, and cable television.

"We are pleased to be part of WIT's ambitious plans in the hospitality industry," said Ken Van Meter, President and CEO of Celerity. "We want our products and services to be an important part of their projects, and we expect that their content will be valuable to us on projects when we are the system integrator. It is a big advantage to not only have them as a customer, but to collaborate with them as well."

Celerity Systems is a provider of advanced digital set top boxes and video servers for the interactive television and high speed Internet markets. Celerity can also provide end-to-end systems through strategic relationships with leading companies including Nortel, Cisco, Battelle Laboratories, Marconi, nCube, Minerva Systems and Innovacom.

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.