GraphOn Conditionally Approved for Nasdaq SmallCap Market Listing

Business Wire, August 23, 1999

CAMPBELL, Calif.--(BUSINESS WIRE)--Aug. 23, 1999--

GraphOn Corporation (www.graphon.com) (OTC BB: GOJO) today announced it has been notified by The Nasdaq-Amex Market Group that it has been conditionally approved for listing on the Nasdaq SmallCap Market. GraphOn was informed by the Nasdaq that it anticipates that the Company's Common Stock, Class A Warrants and Class B Warrants will commence trading on Wednesday, August 25, 1999 under the symbols GOJO, GOJOW, and GOJOZ, respectively.

Approval is conditioned upon GraphOn's continued compliance with all Nasdaq criteria for initial listing at the time of listing on the Nasdaq SmallCap Market.

On July 12, 1999, the company completed its merger with Unity First Acquisition Corporation. As previously announced, GraphOn shareholders received a fixed exchange ratio of 0.5576 share of Unity common stock for each share of GraphOn common stock. The merger provided GraphOn Corporation with $5.4 million in operating capital.

About GraphOn

GraphOn develops and markets thin, server-based software to speed and centralize enterprise computing and enable efficient network deployment of applications to a wide variety of devices and platforms. GraphOn products include GO-Global(TM), the first thin client X server for PCs running Microsoft Windows; GO-Joe(TM), the first thin client X server for Java; and GO-Between(TM), the first thin client X server for multi-user NT (such as Microsoft Terminal Server and Citrix WinFrame). GraphOn's jBridge technology enables deployment of 32-bit Windows applications over the Internet (scheduled for release late 1999). Fully functional demos of GraphOn's products are available from the company's website at http://www.graphon.com. GraphOn is headquartered in Campbell, California and has offices in Seattle, Washington and Concord, New Hampshire.

This press release contains statements that are forward looking as that term is defined by the United States Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that are subject to risks and uncertainties. Actual results will differ due to factors such as shifts in customer demand, product shipment schedules, competitive products and pricing, technological shifts and other variables. Readers and investors are referred to UFAC's and GraphOn's most recent reports on Form S-4, Form 10-K and 10-Q and other reports filed with the Securities and Exchange Commission. GraphOn, GO-Joe, GO-Global, GO-Between, and jBridge are trademarks or registered trademarks of GraphOn Corp.