NetWolves Signs Broadband Internet Access Agreement with Covad Communications; Extending Its National Coverage Area with Additional DSL Service Offerings

Business Wire, March 20, 2003

Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--March 20, 2003

NetWolves Corporation (NASDAQ: WOLV) has signed a Broadband Internet Access Agreement with Covad Communications to become a reseller of their DSL product line.

Covad Communications is a leading broadband service provider of high-speed Internet and network access utilizing DSL technology. Covad provides a complete range of DSL service offerings, including: TeleSpeed Broadband Internet Access Service, a business-grade symmetric DSL product that is available in six bandwidths levels from 144kbps to 1.5mbps. Covad services are currently available across the United States in 96 of the top metropolitan areas which represents approximately 45 percent of all U.S. businesses.

"The addition of Covad to our service offering provides us with additional best-in-class Internet coverage as we migrate existing and future customers from private networks to a single, fully integrated, end-to-end NetWolves solution," said Scott Foote, President of NetWolves Services. "The market for DSL internet access is growing 25% annually and our agreement with Covad allows NetWolves to participate in this growth."

About NetWolves Corporation

NetWolves Corporation provides high-performance network security solutions coupled with robust network management and communication services. NetWolves' products offer essential applications such as firewall, virtual private networks (VPN), intrusion detection systems (IDS), content filtering, virus detection, congestion management, and intelligent failover. Additionally, the Company, through its Network Services division, provides network design, provisioning, monitoring, and management services. The marriage of these products and services positions NetWolves as a single-source solution provider for Fortune 1000 organizations looking to integrate their perimeter offices onto their global backbone network. Additionally, by replacing the multi-vendor approach with a single management, support and billing infrastructure, companies can ensure a cost effective and seamless integration of complex global enterprises. NetWolves is located at 4002 Eisenhower Blvd, Tampa, Florida 33634. More information on NetWolves' products can be found at http://www.netwolves.com or by calling toll free at 1-888-638-9658.

FORWARD-LOOKING STATEMENTS All statements other than statements of historical fact included herein, including without limitation statements regarding the Company's financial position, business strategy, and the plans and objectives of the Company's management for future operations, are forward- looking statements. When used in this release, words such as "anticipate", "believes", "estimate", "expect", "should", "intend", "projects", "objective" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, ability to raise additional funds, competitive factors and pricing pressures, capacity and supply constraints and completion of current and anticipated contracts and integration of NNSI with our Company. Such statements reflect the 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. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.