E-Sync Networks Granted Hearing by Nasdaq Listing Qualifications Panel

Business Wire,  July 12, 2001  

Tags: Nasdaq Stock Market Inc.

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High Tech & Business Editors

TRUMBULL, Conn.--(BUSINESS WIRE)--July 12, 2001

E-Sync Networks, Inc. (NASDAQ: ESNI; www.esyncnetworks.com), a leading provider of e-business infrastructure products and services, today announced that it had received formal notice that the Company's request for a hearing before a Nasdaq Listing Qualifications Panel had been granted.

The hearing will take into consideration the Staff Determination that the Company fails to comply with the minimum bid price requirement for continued listing set forth in Marketplace Rule 4310(c)(4), and the net tangible assets requirement as set forth in Marketplace Rule 4310(c)(02)(B). There can be no assurance that the Panel will grant the Company's request for continued listing.

About E-Sync Networks, Inc.

Headquartered in Trumbull, CT with offices in New York and the U.K., E-Sync Networks, Inc. (NASDAQ: ESNI) provides an array of e-business infrastructure products and services, including: B2B integration solutions; IT infrastructure and network design and implementation; reliable, high-quality messaging; and, secure, high-performance hosting. E-Sync Networks has an extensive corporate client base, including Briggs & Stratton, Discover Financial Services, Ford(TM), IVANS, Johnson & Johnson, Pepsi(TM), Perkin Elmer, Purdue Pharma, Ralston Purina and Travelers Insurance. The company's largest stockholder is New York-based venture fund Commercial Electronics Capital Partnership, LP (CECAP). CECAP (www.cellc.com) is a partner of TRW, Inc. (NYSE: TRW) established solely to create independent businesses founded on TRW technologies in markets outside of TRW's strategic interests. More information can be found on the Internet at www.esyncnetworks.com.

Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Actual results, events, and circumstances (including future performance, results, and trends) could differ materially from those set forth in such statements due to various factors, risks, and uncertainties, including, but not limited to, risks associated with the Company's future growth and operating results, the uncertainty of market acceptance of the Company's products, technological change, competitive factors, and general economic conditions. Except as otherwise required to be disclosed in periodic reports required to be filed by companies registered under the Exchange Act by rules of the Securities and Exchange Commission, the Company has no duty and undertakes no obligation to update such statements.

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