Press Release

MeterNet Enters Strategic Business & Equity Exchange Agreement with CrypKey Canada, Inc.

Plans include Agressive CrypKey Channel Expansion into Asia

Reno, NV & Calgary, Canada—March 2,2002 -- As first major step in its retuned business plan, MeterNet Corporation announced that it has entered into a Strategic Business & Equity Exchange Agreement with CrypKey Canada, Inc.

Effective immediately, Greg Wible has been appointed Managing Director and Vice President of CrypKey Canada, Inc. Wible will help to guide the CrypKey corporate development and market proven Software Protection technologies into its next phase of worldwide growth. CrypKey Canada CEO is James S. McCartney and the company headquarters is located in Calgary, Alberta, Canada.

About CrypKey
CrypKey and its unique Copy Protection and License Control software was initially started in 1992 as an incubator project within Kenonic Controls in Alberta, Canada. CrypKey has grown over ten years to become a robust product and service suite that has a worldwide B2B customer database exceeding 3000. Kenonic, an employee-owned $50 Million company with over 400 engineering staff, was purchased by publicly traded Emerson Electric Company in 2000. The CrypKey product and service business was spun-off by current management into the newly formed CrypKey Canada, Inc. in March 2002. The CrypKey team has developed new ultra secure industry-first CloneBuster technology for its version 6.0 with upcoming global market launch beginning late July, 2002.

CrypKey has delivered Battle-Proven Software Copy and License Protection for Thousands of Companies Worldwide since 1992, including: Nokia, Ericson, IBM, Microsoft, Caterpillar, Eaton, Dupont, Fujitsu, Minolta, HP, Honeywell, 3M, Lockheed Martin, Mobil, Procter&Gamble, Siemens, Verizon, Sybase, Bell&Howell, Kodak, Allen Bradley, ABB and thousands more.

About MeterNet
Formed in 1996, privately held MeterNet Corporation develops and markets Web Services, Integrated Programs and Internet Devices. The Company markets using its own brands, including SimpleBox, Connect123 and PremiumCD, or utilizes customers’ private brands. Past-satisfied clients include Ziff-Davis, America Online, Alta Vista, Shopping.com and IBM. In early 2002 MeterNet retuned its business plan to better apply core company strengths. Heavy capital intensive hardware development and manufacturing businesses have been modified to a 'build-on-order' model. Moving forward, MeterNet is focusing resources on Web Services & Integrated Programs thru strategic alliances and minority acquisitions.

Links:

http://meternet.com/
http://crypkey.com/

NOTE: MeterNet is a registered trademark, Connect123, SimpleBox and SimpleBox Church Network are Service Marks of MeterNet Corporation. All other products or brand names are trademarks or registered trademarks of their respective owners.