Leading Specialty Retailer Urban Outfitters Selects WARP SpiderCache Software to Speed Web Site Performance by 40 Percent.

Business Editors/High-Tech Writers

NEW YORK--(BUSINESS WIRE)--Nov. 4, 2003

WARP Technology Holdings, Inc. (OTCBB:WRPT), a leading provider of network and application acceleration technology solutions, today announced that Urban Outfitters, an innovative specialty retailer and wholesaler, has selected WARP SpiderCache to improve the performance and capacity of its highly-visited UrbanOutfitters.com Web site. Since deploying WARP SpiderCache, UrbanOutfitters.com has achieved a 40 percent improvement on display speeds, leveraging its existing server infrastructure.

Urban Outfitters is a leading global retailer of men's and women's apparel that targets the hip, "20-something" market niche. The company has 54 stores across North America and operates flagship locations in key European markets, including London, Dublin and Glasgow. The company's Web site -- UrbanOutfitters.com -- averages 1.3 million page views from approximately 35,000 unique visitors each day.

Using WARP SpiderCache to ensure performance, reliability and continuity of its Web site and e-commerce operations, UrbanOutfitters.com has realized performance gains of 40 percent since deploying the solution in July 2003. The company is serving Web content faster and accommodating more visitors. Additionally, it increased its total page views by 58 percent.

"It is critical that our Web site is available during traffic spikes and that it delivers a positive experience to our frequent visitors and online customers," explained Chris DeWitt, Urban Outfitters Direct's Managing Director. "The WARP SpiderCache software has allowed us to maintain optimal performance levels while increasing the total number of visitors and page views."

WARP SpiderCache offers a non-intrusive, software-based solution to improve the performance and capacity of Web sites, online transaction systems, and Web-based applications. The software is designed to remove server-side bottlenecks, while leveraging existing IT infrastructures.

WARP SpiderCache is part of the company's GTEN (Global Transaction Enabled Network) architecture, which includes a series of software and appliances designed to improve network and server performance, and enable distributed content and application acceleration on a global scale.

About Urban Outfitters

Urban Outfitters, Inc. is an innovative specialty retailer and wholesaler that offers a variety of lifestyle merchandise to highly defined customer niches through 57 Urban Outfitters stores in the United States, Canada, and Europe; an Urban Outfitters web site and catalog; 44 Anthropologie stores in the United States; an Anthropologie catalog and web site; and Free People, the Company's wholesale division, which sells its product to approximately 1,100 specialty stores, department stores and catalogs, as well as through one Free People store. For more information visit www.urbanoutfittersinc.com.

About WARP Technology Holdings, Inc.

WARP Technology Holdings (OTCBB:WRPT) is a leading provider of network and application acceleration technology solutions. Through its subsidiaries WARP Solutions, Inc. and SpiderSoftware, Inc., and its licensing arrangement with iMimic Networking, Inc., the company offers a strategic portfolio of software and hardware solutions to significantly improve the speed, performance, and reliability of business-critical applications and content delivered over IP-based networks. For information, contact 877-688-9277 or visit www.warpsolutions.com.

Cautionary Statement

Statements contained herein which are not historical information are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties. Actual results could differ materially from those included in the forward-looking statements for a variety of reasons, including the level of acceptance of the WARP 2063e product by the marketplace, the ability of the product to achieve the results for which it is designed, the ability of the company to raise capital to fund operations and marketing programs for this product, competition from other approaches to application acceleration and network architecture, and other risks described in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.