IBS Interactive Names New President; Chief Operating Officer Roy E. Crippen III Assumes Additional Role

Business Wire, Oct 25, 2000

Business Editors/Hi-Tech Writers

CEDAR KNOLLS, N.J.--(BUSINESS WIRE)--Oct. 25, 2000

IBS Interactive, Inc. (Nasdaq:IBSX), an e-Business and IT professional solutions provider, today announced that it had named Chief Operating Officer and director Roy E. Crippen III to be President of the Company, replacing Nick Loglisci, Jr. Loglisci will remain Chairman and Chief Executive Officer of the Company.

Crippen became Chief Operating Officer and a member of the Board of Directors of IBS Interactive in March 2000 through the acquisition of digital fusion, inc., a Tampa-headquartered Internet consulting firm he co-founded in March 1999.

Prior to founding digital fusion, Crippen was the Executive Vice President and Vice Chairman of PowerCerv Technologies Corporation, an enterprise software company he co-founded and helped take public in 1996.

Between 1992 and March 1999, Crippen held several positions with PowerCerv, including Chief Operating Officer and Chief Technology Officer. In 1996, Crippen was co-recipient of the Ernst & Young/USA Today/NASDAQ Florida Entrepreneur of the Year Award in the technology division.

"We are pleased with the leadership Roy has provided IBS Interactive since he joined the company in March, and believe he will do great job in his additional role as President," said Loglisci.

"This promotion is the logical first step to Roy assuming his role as President of Digital Fusion Services after the completion of our pending merger with Infonautics, Inc. (NASDAQ: INFO) and First Avenue Ventures, Inc. to form Digital Fusion, Inc."

Loglisci, as IBS Interactive's Chairman and Chief Executive Officer, will dedicate his attention to leading the company's strategy and growth initiatives going forward.

"Prior to shareholder approval of the pending merger, my attention will be focused on making the IBS Interactive more efficient and profitable while maintaining our commitment to provide our customers with the highest quality services," said Crippen.

"This is a new beginning for IBS," he added, "one where we execute steadfastly on a plan to reach our intended goal of generating positive cash flows in the near future."

About IBS Interactive

IBS Interactive provides single source e-Business and information technology (IT) solutions to businesses and public sector institutions in the Eastern and Midwestern United States. Professional services include programming and applications development, network services, consulting and training.

Web-site hosting services include shared and co-location hosting. Internet access services include dedicated leased lines and digital subscriber line (DSL) Internet access. Recent news releases and other information are on IBS Interactive's web site at http://www.interactive.net.

About Digital Fusion, Inc.

Digital Fusion, Inc. is a new company to be formed from the three-way strategic combination of Infonautics, Inc. (NASDAQ: INFO), IBS Interactive, Inc. (NASDAQ: IBSX) and First Avenue Ventures, Inc. Digital Fusion's business objective is to create, acquire, fund, develop, operate and integrate a network of Internet focused technology companies.

Digital Fusion also intends to continue the businesses currently operated by IBS Interactive, Infonautics, and First Avenue.

Upon approval by shareholders of Infonautics and IBS Interactive and the completion of the combination, the new company will have a successful professional services track record among blue chip clients, an established operating portfolio of Internet properties and a partnership with a global venture capital firm.

Recent news releases and other information are on Digital Fusion's web site at http://www.digitalfusion.com.

About Infonautics, Inc.

Infonautics, Inc. (NASDAQ: INFO) is a pioneering provider of personalized information agents and Internet services. The Infonautics Network of Web properties includes the award-winning Company Sleuth, Sports Sleuth, Job Sleuth, and Entertainment Sleuth sites.

The Infonautics Network also includes Search and Reference Media sites consisting of Electric Library, eLibrary Tracker, Encyclopedia.com and NewsDirectory.com. The Electric Library site was the first reference site of its type on the Internet, and is one of the largest paid subscription sites on the Web, with approximately 100,000 paying subscribers.

Infonautics was founded in November 1992, and is headquartered in King of Prussia, Pa. Recent news releases and other information are on Infonautics' web site at http://www.infonautics.com.

About First Avenue Ventures, Inc.

First Avenue Ventures, Inc. is a private equity and management consulting firm. First Avenue, in part through Cross Atlantic Capital Partners, a venture capital firm that manages First Avenue's two largest stockholders, has developed a network of strategic relationships with technology companies operating in the United States, Ireland, the United Kingdom, Australia, and New Zealand.

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meanings of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.