Celerity Systems and WIT Technologies Team to Focus on Hotel Industry.

Business Editors & High Tech Writers

KNOXVILLE, Tenn. and SEATTLE--(BUSINESS WIRE)--June 22, 2000

Celerity Systems, Inc. (OTC BB:CLRT) and WIT Technologies today announced that they have signed an agreement under which WIT will use Celerity's products to provide a comprehensive leading-edge product to the hotel industry, focusing on large chains and groups of franchises. WIT, whose end-to-end solution is called ITV Plus, will incorporate Celerity's T 6000 digital set top boxes and Celerity CTL 9500 digital video servers. The companies are jointly developing user interfaces. WIT will use its strong contacts in the media industry to obtain, program, and prepare content for its customers. Celerity may also encourage its other hotel industry customers to consider WIT as a content provider.

Under the agreement, WIT agrees to purchase its digital set top boxes exclusively from Celerity for a period of five years; the commitment is for 500,000 set top boxes. In return, WIT will receive discounted pricing and can earn warrants based on units purchased.

"We have always felt that the hospitality industry would be an early adopter of true digital interactive services," said Ken Van Meter, President and CEO of Celerity Systems, "and WIT has a strong plan for providing what major hotel chains and large franchise groups need. Since we are primarily a hardware and applications software provider, we fit extremely well with WIT, and they may be attractive to other companies we are working with in the hospitality area. We already have teaming arrangements with InnovaCom, Minerva, Marconi, Cisco and Nortel, who may all play a key part in these deployments. By adding interesting and compelling content, WIT fills in another key part of the puzzle. We also appreciate their aggressive determination to be a major player in a market previously dominated by two companies."

"We are likewise pleased to be working with Celerity," said Charles Burger, CEO of WIT. "We think that their T 6000 digital set top box beats anything out there, and gives us a strategic advantage in positioning our end-to-end product in the hospitality industry. By placing a robust platform in the hotel at the beginning, we can continue to enhance services and thus revenues over time, and secure a leading position in this huge market. As more hotels look at the industry and see the growing appetite of their customers for a total solution-not just pay-per-view movies, but high speed Internet, e-commerce, and true video on demand--we feel we can be very successful immediately and for years to come. By having a software-centric system, we can continue to upgrade our product on the Celerity system without making continuing large capital investments or paying huge labor costs."

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

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.