Datalink.net Reports Reduced Per Share Loss for FY 2000; Investment in B2B Infrastructure Positions Company for Dynamic Growth.

Business Wire/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--June 30, 2000

Datalink.net (AMEX:DLK) a leading Wireless Application Service Provider (w-ASP) with patented technology, today announced its fiscal Year 2000 operating results. The company's net loss available to common shareholders for the year ended March 31, 2000 was reduced to $4,246,949, or $0.59 per common share.

This is an improvement from a net loss of $4,430,164 ($1.06 per common share) for the prior year. The reduced net loss for the year resulted primarily from a reduction of approximately $1,332,000 in B2C advertising and marketing expenditures which were largely offset by non-cash charges for compensation expense from the issuance of stock, stock warrants and options for marketing and financial consulting services. These non-cash charges amounted to $1,062,000 in FY 2000.

Revenues for the year ended March 31, 2000 amounted to $1,459,920 compared to $2,128,438 in the prior year. Revenues were principally from consumer applications in the company's legacy B2C business.

"In FY 2000 the company dedicated its resources to building a strong infrastructure for the enterprise market. Armed with $17 million in additional cash and three new top executives, Datalink.net is moving aggressively to market its wireless enterprise solutions," said Anthony N. LaPine, Chairman and CEO. "Lower revenues were a direct result of the company's transition away from its legacy B2C business model. Although the revenue loss has been painful, this change in strategy is beginning to pay off with the signing of several major contracts as well as other opportunities such as Chase Manhattan Bank."

      Highlights of FY 2000

    --  Datalink.net repositioned itself as a w-ASP, specializing in
        wireless enterprise solutions.
    --  Common Stock listed on American Stock Exchange, under symbol
        DLK in December 1999.
    --  Letter of Intent signed with Chase Manhattan Bank for
        licensing of a professional information product for
        professionals.
    --  $1,000,000 contract with Whizshop to develop mobile e-commerce
        solutions.
    --  Letter of Intent to acquire Cross Communications.
    --  Addition of three new senior executives to fill out the
        management team.
    --  Strengthening of engineering, sales and marketing staffs with
        the addition of over 20 professionals.
    --  Appointment of Anthony LaPine as Co-Chair of the WAP
        Interoperability Group.
    --  Cash infusion from private placement, and exercise of warrants
        and common stock options, which raised approximately
        $17 million in additional capital.

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, Calif. 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.