PrintontheNet.com Raises $7.85 Million and Adds New Talent to Board of Directors.

Business Editors/High-Tech Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 23, 2000

Company Moving Forward with the Development of Next-Generation

Digital Asset and Print Production Management Enterprise

PrintontheNet.com (POTN.OB), a provider of end-to-end online printing management and production services for both small and large businesses, today announced that it has successfully raised $7.85 million in a private placement. The Company further announced that it has added five new members to its Board of Directors.

According to the terms of the placement, PrintontheNet.com has completed the private sale of 78.5 units with each unit consisting of 50,000 shares of the Company's Series B Convertible Preferred Stock. Each Series B Preferred Share is convertible into 20 shares of the Company's Common Stock. These shares were sold pursuant to a Regulation D exemption. The private offering raised gross proceeds of the $7.85 million.

In addition to the raise, Chief Executive Officer Neal Polan announced five new members of the Company's Board of Directors.

"This new funding will help PrintontheNet.com continue its development and takes advantage of what we are seeing as a strong demand and opportunity for providing a solution to the management of digital identities, publishing, and print production," said CEO Polan. "Additionally, our new Board members bring a wealth of expertise to the Company, and further strengthen our management, particularly as we move into the marketing phase of our development."

The five new Board of Director members are:

Robert Priddy - Mr. Priddy serves as Chairman of the Board of PrintontheNet.com. He is an investor and principal of RMC Capital, LLC, an investment company which he founded in 1998, and a member of the Board of Directors and a Partner of Commonwealth Associates. Previously, Mr. Priddy was Chairman and Chief Executive Officer of ValueJet, Inc., (now AirTran Holdings, Inc.) from its inception in 1992 until 1997, as well as the founder of Florida Gulf Airlines, a subsidiary of Mesa Airlines, where he was President from 1991 to 1993. From 1988 to 1991, he served as President and Chief Executive Officer of Air Midwest, Inc., a regional airline headquartered in Wichita, Kansas. Mr. Priddy was also one of the founders of Atlantic Southeast Airlines, a regional airline headquartered in Atlanta, Georgia.

George F. Picket - From 1994-99, Mr. Picket served as Chairman of the Board and Chief Executive Officer of Atlantic Southeast Airlines (ASA), and from 1996-99 he served as Chairman and Chief Executive Officer of its parent company, ASA Holdings, Inc. Prior to 1979, Picket was President and Chief Executive Officer of ASA. ASA was acquired by Delta Airlines in 1999.

Marc Reichenbaum - A shareholder of PrintontheNet.com, Mr. Reichenbaum formerly served as the President of Medo Industries, Inc., a New York-based producer of automotive air fresheners.

Adam Ross - An investor in PrintontheNet.com, Mr. Ross served as eight years as Executive Vice President for Sales and Marketing for Ross Printing, Inc., a Miami-based, full-service printing company.

Jonathan van Leeuwen - Mr. Leeuwen has 19 years experience in the software, Internet and chemical industries. He is currently is the Chairman and CEO of Tech Inspirations; the former President of Baan Canada and Vice President of Baan USA; and President and Founder, Strohn CIM Systems Inc.

About PrintontheNet.com

PrintontheNet.com (POTN.OB) enables both small and large businesses to use the Internet to more effectively manage, publish and produce printed materials. The Company's online corporate print centers are virtual print and publishing management environments, each customized to a particular company's needs. These centers connect directly to POTN's back-end production facilities, simplifying the process of ordering printing and other related materials while ensuring quality control. POTN is not an online broker, but rather operates its own sophisticated network of print production facilities, making it possible to track and manage multiple jobs from the order through the delivery while maintaining strict quality control. POTN enables managers to more effectively source, produce, develop, and control their printing requirements. Users can control inventory, monitor usage, receive quality rebates, reduce administrative costs, control consistency of their printed products, receive competitive pricing, order materials 24-hours a day, control intellectual property, and store inventory, all from any computer connected to the Internet.

Forward looking statements in this release, including statements regarding PrintontheNet.com's future operations, are based on information available to the Company as of the date of this release and involve a number of risks and uncertainties. Various important factors that could cause actual results to differ include, but are not limited to, the success of the integration of the new management team into the Company, the occurrence of delays or failures in the product development, the Company's need for additional financing, as well as general economic conditions and the success of e-commerce generally.