FDN, Inc.'s Executives Comment on Present Position and Future Outlook of the Company.

Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--Sept. 13, 2001

FDN, Inc. (OTCBB:FDNI) executives announced today the number one priority is the filing of the annual report (Form 10K) for the year ending 2000 and the quarterly reports (Form 10Q) for 2001. Furthermore, by completing the necessary filings, FDNI will meet another essential objective, which is removing the Company from the "Pink Sheets."

Present Position of the Company

The Company explained that effective the 5th day of February 2001, FDNI terminated the services of their certifying accounting firm, Lazar, Levine & Felix, LLP, of New York, New York. Thereafter, the Company engaged the services of Mr. Charles Meeks, of Meeks, Dorman & Company, P.A., a local certifying accounting firm, to finish the auditing requirements for 2000 and 2001. Due to the filing for bankruptcy of the Company's two subsidiaries, ClearPoint Communications, Inc., f/k/a FON Digital Network, Inc., and American Tel Enterprises, Inc., management placed the year-end audit temporarily on hold until the subsidiaries were discharged from bankruptcy. The Court ordered the discharge in July of this year. In the past month, the Company has resumed conversations with Mr. Meeks, the certifying accountant, in reference to proceeding with the audit for the year 2000. Management and Mr. Meeks are confident that the audit can be completed in an efficient and timely manner. During the first half of 2001, the Company greatly curtailed operations, again awaiting the results of the bankruptcies. Consequently, revenue production has not been significant enough to afford the completion of the audit and the SEC filings. The Company is presently seeking and reviewing various funding options to bring in the necessary capital for the Company to be current.

Future Outlook

Although the Company has been in a holding pattern for the past several months, the Board has been diligently investigating potential avenues for the Company's future. The Board has reviewed no less than a dozen merger or acquisition prospects. The review of these possibilities has been based on two factors: first, the benefit to the stockholders, and second, the synergistic fit for the Company. The Board will only consider a proposal that addresses both criteria.

Safe Harbor Statement: Certain statements in this news release may constitute "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. Forward Looking Statements: All statements, other than statements of historical fact in this release, are forward looking statements. Actual results may differ materially from those contemplated by the forward looking statements as a result of certain factors including, but not limited to the effect of business and economic conditions; the impact of competitive products and pricing; and capacity and supply constraints or difficulties. Such statements reflect the current views of the Company with respect to future events and are subject to these and other risks and uncertainties and assumptions relating to the operations, results of operations, growth and liquidity of the Company.