Ability Holding Corp. Selects Geniant, LLC as its Software Solutions Provider

Business Wire, Feb 16, 2005

DALLAS -- Ability Holding Corp. (Pink Sheets:AYHC) today announced that it has selected Geniant, LLC as its software solutions provider. Geniant will assist with the development of an internet banking platform that will be used to by the new banking organization that will be formed on completion of a planned acquisition which be announced shortly. The new paperless bank will operate under the new brand name 'BankAbility'.

About Ability Holding Corp.

Ability Holding Corp. is establishing the brand 'BankAbility' for its new paperless Internet banking institution. The company was formed with the objective of providing convenient, cost effective and secure banking services using the Internet as its sole delivery channel. The company plans to take advantage of the continuing growth in the Internet marketplace and the rapid acceptance of technology and e-commerce transactions by the general public. BankAbility's business model eliminates all paper transactions and thus significantly reduces the costs associated with check processing and related transactions associated with the traditional banking institutions.

About Geniant LLC

Geniant is a leading Information Technology consulting company to the Financial Services Industry. The company helps some of the world's largest organizations to run and grow their businesses. The company's service offerings focus on putting in place an enterprise-class IT environment that makes global businesses more competitive. This is achieved over time, by architecting a more agile and better connected application platform that leverages a centrally managed technical infrastructure. Geniant has delivered solutions to significant Financial Services organizations such as Bank of America, Wachovia, Reuters and The Federal Reserve Bank. The company is also teaming with Jack Henry and Associates to move their banking platform to a next-generation architecture.

Founded in 1998, the company's headquarters are located in Dallas, with additional offices in Boston and Tulsa, Okla. Geniant was named to the prestigious list of Dallas 100 award winners and has been ranked 3rd fastest growing technology company in the FastTech 50 list. A leading Microsoft Gold Partner, Geniant has also twice received the Microsoft "Partner of the Quarter" award. www.geniant.com

This press release contains forward-looking statements that involve risk and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered and indication of future performance. Factors that could cause actual results to differ materially from estimates or projections contained in forward-looking statements include but are not limited to: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; the financial condition of the consumer; litigation involving liabilities and end user issues; available financing for acquisitions; and working capital limitations. The Company cautions readers not to place undue reliance upon any such forward looking statements, which speak only as to the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based.