KOM Inc. announces a new corporate name and direction.

Ottawa, Canada, October 20, 2000 -- KOM Inc., a global leader in the design and development of software solutions for enterprise-wide storage management applications today, announced several corporate changes to be in place by the end of the year.

KOM NETWORKS Inc. has been selected to replace KOM Inc. as the new company name. Having been a strong contender in the optical storage market for over 17 years, this new name reflects a new corporate direction, as KOM NETWORKS will be expanding its product offerings over the next few months. With the upcoming announcement of a revolutionary new product, KOM will soon be leading the way into an untapped realm of the storage market.

In addition, KOM NETWORKS has plans to announce several products by the end of the year. These new products will include solutions for the desktop, as well as the enterprise.

KOM NETWORKS will also be deploying a new marketing and sales strategy, which will see the organization developing additional alliances to further enhance KOMs existing channels. Keep watch for these announcements and more at our website www.komnetworks.com.

About KOM NETWORKS Inc.

KOM NETWORKS Inc. is focused on providing a new sense of freedom and security through developing the largest selection of innovative and sophisticated storage management solutions worldwide. Wherever storage technology takes us - be it wireless, the Internet, or other emerging technologies, KOM will continue to design storage solutions with the future in mind. KOM products are sold around the world through a network of authorized KOM partners. For more information about KOM and its products visit http://www.komnetworks.com.

Media Relations Contacts

Victor Winney
KOM NETWORKS Inc.
(613) 599 - 7205
victorw@komnetworks.com