The Honest Thief's ThankYou Software: Free Music Downloads AND Money for Musicians

Business Wire, March 7, 2003

Entertainment Editors

ARNHEM, Netherlands--(BUSINESS WIRE)--March 7, 2003

First Software From Behind the "Windmill Curtain" Turns

Music Fans' PCs into SuperComputers that Lease Unused

Processing Power to Researchers

The Honest Thief, a new file sharing service based in the Netherlands and a division of PGR BV, today announced that ThankYou(TM) 1.0, new business software engineered for file sharing providers, is available for evaluation. In a joint effort with a consortium of legal experts, The Honest Thief has developed a suite of business solutions that enables file sharing providers to capitalize on their growing number of users, while in turn compensating the musicians for their creations. ThankYou 2.0 will be available in Q2 through The Honest Thief company website recently launched at www.thehonestthief.com.

ThankYou 2.0 is a hybrid business solution that enables a P2P file sharing client to profit off of its users' untapped processing cycles in individual PCs, turning each digital music fan into distributed computing node. Customer/Vendor P2P (CV-P2P) software creates supercomputing clusters and this solution allows Windows users to lease their computers' otherwise unused processing power to research facilities. Electronic bill presentment and payment (EBPP) technology enables monies raised from processor leasing to be collected from research facilities and distributed in turn back to the musicians. The file sharing client can take a small percentage of each transaction, much like the Amazon.com model.

"The launch of The Honest Thief and our ThankYou software sets quite a few historic precedents," said company founder Pieter Plass. "We are the first to figure out a way for both file sharing providers and musicians to earn an honest EURO. We are the first, but certainly not the last, to eliminate the record companies from the equation. Behind the 'Windmill Curtain' we are the first Dutch company operating in the Netherlands, the world's first legal haven for file sharing. The record companies are not dead yet, but they're certainly on life support. And The Honest Thief pulls the plug."

On March 28, 2002 judges Coeterier, Cornelissen and Sorgdrager from the Gerechtshof in Amsterdam, an appeals court, ruled that the users of internationally popular Kazaa are illegally infringing upon copyrights, not Kazaa itself. This ruling paved the way for the Netherlands to become a legal haven for file sharing companies.

The Honest Thief's ThankYou 2.0 intends to set the standard for file sharing software, similar to what Windows is for operating systems. Services will include:

-- Easy-to-use, state-of-the-art, peer-to-peer file sharing software

-- Supercomputing clusters that link research facilities with music fans

-- Customer/Vendor P2P (CV-P2P) solution that lets Windows users lease their computers' otherwise unused processing power to research facilities

-- Electronic bill presentment and payment (EBPP) technology that operates seamlessly, enabling monies raised from processor leasing to be collected from research facilities and distributed in turn back to the musicians

-- Multiple currency functionality

-- Built-in upload accelerator

-- Seven different language packs

-- Built-in virus protection

-- The biggest selection of works in the public domain anywhere on the Internet

-- Email services

About PGR BV

Based in the Netherlands, PGR BV is a young company primarily focused on Internet management services. The company was founded by Pieter Plass, CEO of CBB, the Netherlands. CBB, founded in 1968, is a management company with some 315 employees. CBB provides project management for the construction industry. With a growing demand for e-commerce applications, PGR fulfills a vital business need through the autonomous management of the highly specialized activities integral to Internet services. The PGR team is an enthusiastic group of professionals eager to excel in the Internet arena and make a difference. PGR can handle e-commerce aspects such as concept development, web design and programming. On a strategic level PGR helps companies with legal, HR and financial support for e-commerce business ventures from conception to the day-to-day operations. The Honest Thief, a division of PGR, has engineered ThankYou 1.0, a suite of business solutions that enables file-sharing providers to capitalize on their growing number of users, while in turn compensating the musicians for their creations. For more information, visit the website www.thehonestthief.com.

This press release may contain forward-looking statements, including statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. They are not historical facts or guarantees of future performance or events. They are based on current expectations, estimates, beliefs, assumptions, and goals and objectives, and are subject to uncertainties that are difficult to predict. Often such statements can be identified by their use of words such as will, intends, expects, plans, believes, anticipates, and estimates. All forward-looking statements included in this release are based upon information known to the parties as of the date of this release, and none of the parties assumes any obligation to update any such forward-looking statements. These statements are not guarantees of future results and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed or implied by these statements.