Market Pulse Breaking News Alert for Monday, August 2, 2004: AANI - Amedia Networks Expands Licensing Agreement With Lucent Technologies!

Market Pulse News Alert for this AM, Stocks to Watch are: Amedia Networks, Inc. (OTC BB: AANI), Procter & Gamble Co. (NYSE: PG), Cox Communications Inc. (NYSE: COX) and Rigel Pharmaceuticals Inc. (NASDAQ: RIGL).

Investors need to be watching Amedia Networks (OTC BB: AANI) this AM! Amedia Networks is engaged in the design, development, and implementation of Ethernet solutions to the Fiber-to-the-Premises (FTTP) broadband access market. The company's solutions are designed to provide secure, high performance, scalable and reliable customer premises, access aggregator, and central office products enabling high-speed Internet access, video applications, and Voice over Internet Protocol (VOIP) services to end customers in a cost effective manner. Amedia Networks had great news out today regarding expanding their licensing agreement with Lucent Technologies! This could be excellent news for investors!

Amedia Networks (OTC BB: AANI), a design and development company of Ethernet broadband solutions for the communications industry, today announced that it has expanded its technology licensing agreement with Lucent Technologies. Lucent has also delivered to Amedia Networks several Bell Labs-developed technology designs for Amedia Networks PG1000 (Premises Gateway) and the AS5000 (Aggregator Switch).

Amedia Networks PG1000 and AS5000 are designed to industry Ethernet standards, and are engineered to seamlessly interface with existing Ethernet equipment. Amedia Networks gateway and switch can be installed in existing networks in global markets, thus providing an end-to-end fiber-to-the-premise (FTTP) solution. Both products can be ordered now and are expected to be generally available in the fourth quarter of 2004.

As Amedia Networks continues to develop state-of-the-art Ethernet and IP technologies for the broadband access market, it is expanding development work for additional enhancement features for all its products. In support of this ongoing strategy, Amedia Networks has entered into a supplemental agreement with Lucent, who will provide additional technology designs for further product enhancements for the PG1000 and AS5000. This work is expected to be completed by the fourth quarter of 2004.

The enhanced design of Amedia Networks CS1200 Core Switch, includes new features to broaden its market applications, design improvements to significantly reduce its production cost and adds a rich suite of software features to improve traffic management and security. This work is expected to be completed early in 2005.

About Amedia Networks

Amedia Networks is engaged in the design, development, and implementation of Ethernet solutions to the Fiber-to-the-Premises (FTTP) broadband access market. The Company's solutions are being designed to provide secure, high performance, scalable and reliable customer premises, access aggregator, and central office equipment enabling high-speed Internet access, video applications, and Voice over Internet Protocol (VoIP) services to end customers in a cost effective manner. For more information about Amedia Networks visit http://www.amedianetworks.com.

Stocks acting well in today's trading include: Procter & Gamble Co. (NYSE: PG), Cox Communications Inc. (NYSE: COX) and Rigel Pharmaceuticals Inc. (NASDAQ: RIGL).

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