DefenseWeb Technologies Selects Silicon Valley Bank; Secures New Line of Credit

Business Wire, July 20, 2004

SAN DIEGO -- DefenseWeb(TM) Technologies, an emerging custom software developer and systems integrator serving Department of Defense (DoD) organizations, today announced that it selected Silicon Valley Bank, the primary banking subsidiary of Silicon Valley Bancshares (Nasdaq:SIVB), as its principal banker. The arrangement includes the establishment of a line of credit for working capital purposes.

"We take pride in our continued relationships with leading technology companies, in San Diego and around the country, like DefenseWeb," said Tim Bubnack, managing director, Silicon Valley Bank. "Silicon Valley Bank strives to provide DefenseWeb, and other emerging and established technology and life science companies, with creative solutions and diversified financial services that will help them successfully execute their business objectives."

The arrangement with Silicon Valley Bank is a strategic step for DefenseWeb following its new partnership with SAIC and contract announcements to deploy customized enterprise tracking software programs for the U.S. Army and U. S. Air Force's family service support divisions.

"We look forward to working with Silicon Valley Bank as a trusted advisor and financial partner," said Douglas Burke, CEO of DefenseWeb. "Our expertise in developing custom software and clinical information systems for DoD agencies has resulted in consistent revenue and profit growth. As we continue to expand our business, the partnerships we forge will play an integral role in our ability to deliver solutions on time, within budget and beyond our customer's expectations."

About Silicon Valley Bank

Silicon Valley Bank provides diversified financial services to emerging growth and mature companies in the technology, life sciences and private equity markets, as well as the premium wine industry. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves more than 9,500 clients across the country through 26 regional offices. More information on the company can be found at www.svb.com.

About DefenseWeb(TM) Technologies

DefenseWeb Technologies, Inc. (www.defenseweb.com) provides customized enterprise software development services for Department of Defense (DoD) organizations. Founded in 1998, DefenseWeb delivers Enterprise Information Portals, Case Management Systems, Clinical Information Systems, Business Process Automation Systems, Training Systems and Decision Support Systems for DoD health care, quality of life and family support organizations. The company's core competencies enable it to provide and maintain complex, mission-critical solutions on time, within budget and beyond expectations. Profitable since inception, DefenseWeb is a privately held company located in San Diego, Calif.

(C) 2004 DefenseWeb Technologies. All rights reserved. DefenseWeb(TM) and Xtendable(TM) Server are trademarks of DefenseWeb Technologies Inc. All other trademarks are the property of their respective owners.