REpipeline Completes Initial Roll Out of the Technology Platform and Services that will Serve as the Base for a Consolidation and Rollup Strategy

Press Release

Contact: Tom Bailey                                            
CEO/President
REpipeline
972-726-7473 ext 235
email tbailey@repipeline.com

Dallas, Texas., April 9, 2001 - Photonics Corporation (OTCBB: PHOX ), announced today that their operating subsidiary, REpipeline of Dallas, Texas has successfully completed the roll out of their Internet technology-operating platform and business services to the commercial real estate business community.

REpipeline rolled out its services in the first quarter of 2001 in the Dallas, Texas Market. The companys objectives for the roll out were to insure their technology platform performed up to operating benchmarks, refine the marketing strategies and sales execution plan and enroll clients that generate a reoccurring monthly subscription fee.

REpipelines value proposition is built around reducing the cycle time and increasing the speed in completing a commercial real estate transaction. This unique bundle of services will offer the convenience of being accessible by the commercial real estate professional at a One Stop" business service center.

A key component of REpipelines business model is to acquire and consolidate private Internet companies that provide synergy to their business model. The company has identified 150 acquisition targets and is currently in discussion with several companies. REpipeline has assembled a management team that has extensive experience in technology company rollups and new product introduction. The Management team has old economy and new economy company experience which allows the company to develop new Internet strategies yet still promote profitability in its revenue model..

Tom Bailey, REpipelines CEO and President commented that the company was very pleased with the roll out of its services in the Dallas, Texas market. We met our subscriber sign up goal and the technology performance benchmarks. The three month roll out enabled REpipeline to refine its marketing strategies and sales plan to prepare the optimal marketing mix when we launch in new geographic markets and integrate an acquired companys services and customer base".

About REpipeline

REpipeline is the first to connect the commercial real estate business community and improve the speed of a commercial real estate transactions with new technology and a comprehensive One Stop Internet site. To visit REpipelines site go to www.repipeline.com and access prior press releases and an audio presentation of the company business model.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-Iooking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Photonics Corp. and REpipeline to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's Annual Reports and other filings with the Securities and Exchange Commission. Photonics Corp. and REpipeline, will remain dependent upon future financing for its growth.
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