WARP Solutions Continues Growth Initiatives with Key Customer Wins and Partner Alliances.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--May 12, 2004 Recent Shift Toward "Software-Only" Business Model Instrumental in Company's Worldwide Market Opportunities WARP Technology Holdings, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: WRPT WRPT Wisconsin Railway Preservation Trust ), a leading provider of network and application acceleration software, today announced that the recent shift to its software-only business model has been instrumental in the company's customer wins and growth initiatives. Since January of 2004, WARP has added several customers, including Virgin Megastores Virgin Megastores is an international chain of record shops, founded by Sir Richard Branson on London's Oxford Street in January or February 1971 (exact date uncertain). In 1979 the company opened their first Megastore at the end of Oxford Street and Tottenham Court Road. , Education Networks of America (ENA ENA Ecole Nationale d'Administration (French) ENA Emergency Nurses Association ENA Energy Networks Association (Australia) ENA Ethiopian News Agency ENA Energetic Neutral Atom ), Holiday Autos, lastminute.com, Forbes.com, TrailFinders, and GM.TV. "In the past few months we have successfully changed the strategic direction of the company, and as a result, more business development opportunities are opening up in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. as well as Europe and Asia," explained Gus Bottazzi, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at WARP. "We are seeing strong interest in the education, online retail, and telecommunications sectors, and are working with our strategic partners to further expand the market opportunities for both the SpiderCache and DataReactor product lines." In the past two months, WARP launched new versions of its flagship SpiderCache software. SpiderCache Enterprise v4 and SpiderCache Reverse Proxy See reverse proxy cache. (RP) are two of several new WARP products that represent the company's shift in strategy, focused on developing software and software-based appliances - all designed to accelerate business-critical applications and content delivered over IP-based networks. "With SpiderCache, we have seen a significant increase in the performance of our Web site and overall user experience," said Michael Smith Michael or Mike Smith may refer to: Journalists
Consistent with the customer wins, WARP's channel partners, particularly in Europe and Asia, are benefiting from the new software-based model. NeoFrame, WARP's South Korean reseller, has recently implemented SpiderCache at SK Telecom, a leading mobile telecommunications provider. WARP's strategic partner in Japan, Macnica Networks, is also optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the new SpiderCache product line, working with several prospective customers in the online travel and telecommunications niches. Estafet, a WARP partner in the UK has been instrumental in securing several key clients in Europe. In these installs, the reseller estimates that WARP's products have saved hundreds of thousands of pounds in infrastructure and bandwidth costs, while providing the capability to improve Web site performance and reliability. "With SpiderCache, we have seen a dramatic increase in the speed and capacity of Internet and Intranet applications," explained Adrian Wright Adrian Wright (born 1947 in Maidenhead, England) is an actor remembered for his role in the 1970s children's television series Freewheelers. He subsequently moved to Australia where he continued his career. , Estafet's Managing Director. "The technology allows us to offer customers a cost-effective solution to manage their growing Web-based applications and content that is critical to their business." About WARP Technology Holdings, Inc. WARP Technology Holdings (OTC BB: WRPT) is a leading provider of network and application acceleration software. 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 WARP at 877-688-9277, or visit www.warpsolutions.com. Cautionary Statement Statements contained herein which are not historical information are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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