IBS Interactive, Inc. d/b/a Digital Fusion Announces Timeline for Filing SEC Documents

Business Wire, May 17, 2001

Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--May 17, 2001

IBS Interactive, Inc. d/b/a Digital Fusion (Nasdaq:IBSXE), said today that the Company and its auditors are completing the work necessary to file the Company's Annual Report on Form 10-K on or prior to June 15, 2001 and its Form 10-Q for the quarter ended March 31, 2001 on or prior to June 29, 2001. The Company previously announced the delay in filing its Form 10-K on May 2, 2001 (http://digitalfusion.com/ir_prbody.asp?nid=116). Additionally, the Company's postponed annual shareholder meeting will be held in August.

About Digital Fusion

Digital Fusion provides comprehensive e-Business and information technology (IT) solutions to businesses, organizations and public sector institutions in the Eastern U.S. We have over 10 years of experience designing, developing, and integrating complex business systems, providing a range of services, including strategy, development, desktop support, network, and education services. For additional information regarding Digital Fusion's services, visit the Company web site at www.digitalfusion.com.

Forward Looking Statements. All statements other than statements of historical fact included in this release are forward-looking statements. When used in this release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, as well as assumptions made by and information currently available to the Company's management, identify forward-looking statements. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including, but not limited to: the effect of business and economic conditions; the impact of competitive products and pricing; and capacity and supply constraints or difficulties. Such statements reflect the current views of the Company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company.