NetworkIP Unveils the Industry's First e.Application and Access Exchange Mar 12, 2001 NetworkIP (www.networkip.net) has created a solution enabling service providers to offer integrated stored value products utilizing convergent access technologies. This industry leading solution is e.Application and Access Exchange. NetworkIP's distributors can now offer a product that can combine any combination of e.Prepaid Cards, e.Conferencing, e.Prepaid Internet, e.Prepaid Long Distance, e.Exchange (carrier resale services) and direct transactions(POS, microtransactions, etc.) all on one PIN. Multiple products on the same PIN mean greater utilization and profit per user, improved retention and larger potential revenue per card sold. The e.Application and Access Exchange is fully integrated with the same Web-based service interfaces as NetworkIP's superior individual stored value services. The distributor controls all service attributes including rating, service charges, fees, activations, product expirations and product denominations. "The ultimate bundled product is a stored value account, charged up with cash, POS or credit card and use any one of multiple services," said Pete Pattullo, President and CEO of NetworkIP. "It is a calling card, Internet access, conferencing, and microtransactions over the Web. The e.Application and Access Exchange will allow them to deliver a virtually unlimited number of value-added applications." About NetworkIP Founded in 1997, NetworkIP is an industry leading e.Communications application service provider of enhanced services. The company provides value-added, business-to-business communication services via the Internet to service providers. The company has created the first future-proof, large scale e.Communications network, bringing together the best in class switching, computing hardware, data storage, IP networking, and software development methodology. NetworkIP's platform enables CLECs, ILECs, ISPs, cable companies, municipalities and public utilities, and other businesses to offer broadband voice, data and video services. Current e.Communication products and services offered by NetworkIP include e.Prepaid Calling Cards, e.Prepaid Long Distance, e.Prepaid 1+ Long Distance, e.Prepaid Internet, e.Conferencing and e.Cable. NetworkIP has projected fiscal year 2000 revenues of $200 million.