4net Software Terminates Letter of Intent to Acquire Privately Held Software Company

Business Wire, Sept 17, 2001

Business Editors

RIDGEFIELD, Conn.--(BUSINESS WIRE)--Sept. 17, 2001

Today, 4net Software, Inc. (OTC BB: FNSI) announced that it terminated a letter of intent to acquire a privately held, software company based in the Southwest USA (the "Acquisition Target").

4net Software plans to continue with its business plan to pursue profitable niche software companies for acquisition.

"The Acquisition Target has been impacted by the recent decline in the economy and sustained a material decrease in revenues and earnings," said Steven N. Bronson, President and CEO of 4net Software. Mr. Bronson stated that "4net Software will not close on an acquisition unless it meets our specific criteria."

4netSoftware plans on entering into an agreement with the Acquisition Target to market 4net Software's best-of-class Internet content management solution, 4netManager(TM) and other associated Internet services offered by 4net Software to the customers of the Acquisition Target.

About 4net Software, Inc.

4net Software, Inc. (OTC BB: FNSI), (http://www.4netsoftware.com/) is engaged in acquiring, managing, and operating niche software and Internet solution companies. 4net Software's objective is to offer businesses a platform of software related products and services. In addition to providing management and financial support, 4net Software also actively develops business strategies, operations, and management teams for its acquired companies.

Currently, 4net Software Inc. provides content management software and develops business-critical Web sites. The company's flagship product, 4netManager(TM), seamlessly bridges the gap between content creation and content delivery by giving non-technical users the ability to update and maintain their own Web site content. The functionality of 4netManager(TM) minimizes the cost of Web site maintenance and improves the process of sustaining a dynamic online presence.

Certain of the statements contained herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Factors that could contribute to the uncertainty of forward-looking statements include, but are not limited to, competition for acquisitions, successful integration of acquired companies, general economic factors and the ability to obtain financing. 4net Software, Inc. undertakes no obligation to update publicly any forward-looking statements.