Nayna Networks CTO, Dr. Raj Jain, Presides Over BROADNETS 2004 Conference as Organizing Committee's General Chair; First Annual International Conference on Broadband Networks.

SAN JOSE, Calif. -- Nayna Networks, Inc., a leading provider of next generation EFM broadband access solutions, today announced its CTO Dr. Raj Jain, will lead the Organizing Committee as its general chair for BROADNETS 2004.

BROADNETS 2004 is a new conference focusing on broadband networking and covers the entire gamut of next generation networks with ultra-high bandwidth available all the way from access networks to regional and metropoliton networks to wide-area networks. "The wide range of exhibits, presentations, workshops and demonstrations is very encouraging and will help disseminate ideas on the rapidly changing broadband market," noted Dr. Raj Jain. "Gigabit class solutions including Nayna Network's own broadband ExpressSTREAM architecture will be very beneficial for those responsible for managing government or industry high speed networks."

When and Where:

-- October 25-29, 2004

-- Hilton San Jose and Towers

-- 300 Almaden Boulevard, San Jose, CA

-- http://www.broadnets.org

About Nayna Networks

Nayna Networks is a hardware and software development company that designs, develops and markets next generation broadband access and secure communication solutions, also known as Ethernet In The First Mile (EFM) solutions. Nayna has developed the ExpressSTREAM platform to address the needs of carriers, Cable TV providers and enterprise customers. ExpressSTREAM solutions deliver gigabit class performance at reduced operating costs by removing bottlenecks. More information is available at http://www.nayna.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results or achievements of the Company to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

For further information regarding risks and uncertainties associated with Company's recent announcement of merger with Rescon Technologies Corporation, and its subsidiaries' businesses, please refer to the Company's filings with the Securities and Exchange Commission (SEC), including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, all of which may be obtained through the SEC's website at: http://www.sec.gov or by contacting the Company's investor relations department.

The Company undertakes no duty to update any forward-looking statement herein to conform the statement to actual results or changes in the Company's expectations.

Trademarks and service marks are the property of their respective owners.