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Piranha Sells Piranha Byte 1.5 to Impress Graphic Technologies

Press release from the issuing company

FREEHOLD, N.J.-Jan. 29, 2001-- Piranha, Inc.(OTC BB: BYTE), an innovator in data compression technology, today announced the sale of Piranha Byte(TM) 1.5 to Impress Graphic Technologies, Inc., a pre-press facility that handles high-quality imaging for New York publishers and advertising agencies. Using Piranha Byte(TM) 1.5, Impress Graphics Technology is able to compress text and image files for faster transmission over data lines, while reducing bandwidth and storage requirements. "With Piranha, our ability to transmit larger files through our FTP site enables us to satisfy a broader range of clients," said John Bifone, president and CEO of Impress Graphic Technologies, Inc. "And with the great rate of compression, our data storage needs have been reduced." Piranha Byte 1.5 is a digital workflow solution designed for a wide variety of data compression applications including, publishing, printing, pre-press, medical imaging and archival storage. Piranha Byte 1.5, is file format independent and available on multiple platforms, including NT, Macintosh and Linux. "Impress Graphic Technologies is another company that is relying on Piranha science to help them to increase their customer base," said Larry E. Greybill, president of Piranha, Inc. "With compressed files and FTP transfer technology, Piranha Byte opens the door to any user who has access to the internet and requires professional services." "The very strong and positive reaction to the release of Byte version 1.5 has come from large and small companies that deal in pre-press services, printing and publishing, and commercial photography," said Greybill. "And we've received exceptionally strong interest in our announcement Friday of a database product that includes Piranha compression. We have high hopes of far exceeding our already-positive cash flow projections by the end of the first quarter."

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