The Money Circle Releases Analyst Report On HyperDynamics Corporation

Business Wire, August 28, 2000

Business Editors

HOUSTON, Texas--(BUSINESS WIRE)--Aug. 28, 2000

HyperDynamics Corporation (OTCBB: HYPD), a premier Integrated Technology Service Provider (ITSP), announced today that The Money Circle has completed their analyst report on HyperDynamics.

The Money Circle is an investment research firm specializing in emerging small capitalization companies in the technology and other related sectors. The Money Circle also assists companies with financing and consulting services.

Darren-Anthony Lumar, director of investor relations at HyperDynamics, stated, "The Money Circle's report offers an insightful look at the growth potential of our firm. They have captured the HyperDynamics vision and have become a true asset to help us tell our story."

The report brings out interesting comparisons to competitors in HyperDynamics' IT services industry. One relative valuation to these competitors supports a $4.50 per share stock price when year HyperDynamics 2000 figures are applied, and $15.00 per share based on expected projected results in 2002.

HyperDynamics Corporation has a six-month termed "Investor Relations Consulting Agreement" with The Money Circle. Their responsibility under this agreement consists of developing a corporate profile, email and fax updates from the company, coordination of investor conference calls, coordination of messages from the CEO for investors regarding the company's vision, and this analyst report. They have received 75,000 warrants for restricted common stock with an exercise price of $1.50 for their total compensation.

About HyperDynamics: "Enabling tomorrow....today."

Over the last five years, the technology industry has proven out and tested all manners of service delivery models. Three models have risen to the top as the most cost-effective, performance-enhancing, and results-focused. These are the outsourcing IT services organizations, the Internet Service Providers (ISP's), and the Application Service Providers (ASP's). HyperDynamics combines all three delivery models into a single, customer-directed delivery model: the Integrated Technology Service Provider, or ITSP(TM), as it has come to be known. Some of the company's partnerships and certifications include: Intel, Microsoft, Citrix, eEnterprise, IBM, Cisco, Network Systems, Great Plains and Extreme Networks. HyperDynamics is a fully reporting company with the Securities & Exchange Commission and trades under the symbol HYPD. A history of the company and further information can be found at http://www.hypd.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company filings with the Securities and Exchange Commission.

Note to editors: All other products mentioned in this release are registered trademarks or trademarks of their respective holders.