PacketPort.com, Inc. Signs Development Agreement with GTRC for New Technology — Georgia Institute of Technology to build new Product for PacketPort.com

Business Wire, March 14, 2000

Business Editors

NEW YORK--(BUSINESS WIRE)--March 14, 2000

PacketPort.com (OTC BB: PKPT) today announced that the Company has signed a $1.4 million product development contract with the Georgia Tech Research Corporation, (GTRC). Under terms of the agreement with GTRC, the Georgia Tech Research Institute (GTRI) will build PacketPort.com's PA 1000 VoDSL IP (Internet Protocol) appliance. This new technology developed by PacketPort's engineering team, is designed to convert analog voice signals from ordinary home or office telephones to be transported over the DSL using Internet Protocol. This technology allows for reduced long distance charges as well as simultaneous transmission of voice, fax and data without costly network upgrades.

GTRI is a leader in moving products from concept to market. They will facilitate all aspects of the appliance circuit design including selection and implementation of various DSP algorithms, deployment of the Linux based real time operating system as well as testing of various protocol stacks.

Dr. Ron Bohlander, head of the GTRI Commercial Product Realization Office, stated, "We are enthused to assist in the development of this exciting new technology."

Ron Durando, President and CEO of PacketPort.com, commented, "This strategic contractual relationship indicates our commitment to remain on the cutting edge of the technological revolution by developing and marketing advanced systems that will ultimately create substantial industry recognition and increased shareholder value."

GTRI, an integral part of Georgia Tech, is an applied research unit, established since 1919. Within its nine major laboratories, the Institute focuses on high quality engineering and product development. The organization is staffed by experts in the fields of science and technology and plans and conducts focused programs of innovative research, education and economic development that advance the global competitiveness of the region.

PacketPort.com, formerly known as Linkon Corporation, is a worldwide provider of carrier grade Sun Solaris based phone-to-phone IP telephony solutions and a new class of VoDSL's and VoCable Internet appliances. PacketPort designs and builds hardware and software for applications that require computer telephony integration (CTI). Building upon their renowned Maestro(TM) system technology and the ESCAPE(TM) Enhanced Services Platform, PacketPort has developed the LinkNet line of IP Telephony Gateways, the LinkNet IP Telephony Software Suite and the LinkNet Gatekeeper Module. Packetport.com was recently named as one of Deloitte and Touche's "Fast 50", a group of fastest growing companies in Connecticut. The magazine, Internet Telephony, also named the Corporation's Link Net IP Telephony switch as "Product of the Year" for 1998. PacketPort.com's products are sold to International Carriers, ISP's and Next Generation Telcos. Other Telephony and DSL companies include 3Com (NASDAQ: COMS). Covad Communications (NASDAQ:COVD), Copper Mountain (NASDAQ:CMTN) and Clarent (NASDAQ:CLRN). PacketPort.com is headquartered in Norwalk Connecticut and has a highly experienced and quickly growing staff of over 10 employees.

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The statements contained herein which are not historical fact 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 in testing and evaluation of products and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.