Datalink.net Reports 1St Quarter 2001 Operating Results; B2B Repositioning Completed.

Business Editors

SAN JOSE, Calif.--(BUSINESS WIRE)--August 11, 2000

Datalink.net (AMEX:DLK) a leading Wireless Application Service Provider (w-ASP) with patented technology, today announced its operating results for the quarter ended June 30, 2000.

The Company completed its repositioning with a focus on the B2B marketplace and end-to-end mobile data solutions for enterprises. As part of the planned repositioning, the Company expanded its engineering capability and research and development efforts, while at the same time increasing its sales and marketing staff in the wireless enterprise market. To this end, Datalink.net announced significant contracts with B2B enterprises such as Chase Manhattan Bank, and the first of several acquisitions with the purchase of Cross Communications, Inc.

"I am pleased with Datalink.net's transition into the B2B sector. The recent release of Global Market Pro (GMP) and the Company's licensing of the product to The Chase Manhattan Bank, as well as the acquisition of Cross Communications, mark extremely significant milestones in this process," said Anthony N. LaPine, Chairman and CEO of Datalink.net.

Additionally, as part of the repositioning strategy, the Company reduced its direct marketing and media supported programs, which supported its B2C products. This predictably reduced revenues and that trend continued into the first quarter of fiscal year 2001. Revenues for the three months ended June 30, 2000 were $281,221 compared to $436,885 in the prior year first quarter. Accordingly, the net loss was $1,820,259, or $0.13 per common share, as compared to a loss of $612,732 or $0.12 per common share for the three months ended June 30, 1999.

Although B2C revenues have declined, the B2B revenues have already begun to take effect starting in the second quarter of FY 2001 as the new products and services are delivered under the enterprise contracts. "It has been painful to watch our legacy B2C revenue decline while we focused on repositioning the Company in the B2B market place, but the alternative was to spend a dollar for every fifty cents in B2C revenue," said Anthony N. LaPine. "The message today's market is giving to all B2C players is, revenue at any cost is no longer an acceptable business model. Datalink.net had the vision to anticipate this shift and the courage to sacrifice short term revenue in the interest of long term profits."

1Q 2001 Highlights

-- Licensed Datalink's Global Market Pro, a wireless solution for

financial professionals, to The Chase Manhattan Bank.

-- Signed contracts to provide wireless B2B solutions to leading

corporate enterprises, including Wall Street Strategies,

Unimobile, WizShop, and Bull Market Report.

-- Signed a the letter of intent with Cross Communications, Inc.,

in April and completed the acquisition in July.

-- Broadened and strengthened management talent with additions of

Stas Wolk, Chief Operating Officer, Charles Dargan, Executive

Vice-President for Mergers and Acquisitions, Eric Fernwood,

Vice President of Strategic Sales, and most recently Valerie

Goodwin, as Vice President of Marketing.

-- Added over 20 key professionals in engineering, sales and

marketing.

-- Raised awareness of Datalink.net with the appointment of CEO,

Anthony LaPine, to Co-Chairman of the WAP Interoperability

Group, and initiated new participation and/or sponsorship of

the Wireless Data Forum, the WAP Forum, and other wireless

trade organizations.

Datalink.net - Where the Web Meets Wireless(TM)

Datalink.net is a leading wireless application service provider (w-ASP) that delivers end-to-end wireless data solutions to enterprises and custom data applications to consumers. As today's premier provider of consumer wireless data, and the first to deliver real-time wireless financial information, Datalink.net pioneered the development of wireless information technology. Today, Datalink.net enables a new generation of wireless devices that allow enterprises and consumers to customize, respond, and interact with critical data. Its XpressLink technology processes high-speed data content feeds or corporate databases for wireless applications that are compatible with the entire range of wireless devices, networks and protocols.

Founded in 1993, Datalink.net is based in San Jose, CA with research facilities in Vancouver, British Columbia. For more information: http//www.datalink.net.

This release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable it can give no assurance that such expectations and assumptions will prove to have been correct.