Nexland Announces Positive Net Income for the 4th Quarter and Record 2001 Revenues

Company Releases Fourth Quarter and Year-End Results

MIAMI--(BUSINESS WIRE)--April 15, 2002--Nexland Inc. (OTCBB:XLND), a technology driven Internet security company whose Internet Protocol (IP) based networking appliances are installed at Enterprise branch and telecommuter offices worldwide, today reported results for the fourth quarter and year ended December 31, 2001.

Sales for fiscal year 2001 increased 177% to $4,080,170 from $1,472,950 in 2000. Gross Profit rose 179% to $2,061,847 from $738,586 in 2000 while Net Loss decreased 42% to $1,667,202 from $2,876,244. The Net Loss in 2001 includes non-cash charges of $1,023,746.

The Fourth Quarter 2001 was the first quarter in company history Nexland recorded positive Net Income. Sales were $1,805,151 with Gross Profit of $896,959 and a Net Profit of $42,723.

Gregory S. Levine, Chief Executive Officer and President of Nexland commented on the company's record results, "2001 was a breakthrough year for Nexland. Our management team attained many of our goals by delivering uncompromising value to our customers and providing a productive environment for our employees. To date in 2002 we have successfully transferred our research & development from Asia to the United States, improving our product response time and quality control. Additionally, in 2002 we will strive to further enhance our customer and employee satisfaction, develop and bring to market new, innovative Internet Security devices and to end the year profitably. Now our focus must be to continue to deliver and build on these trends."

About Nexland, Inc.

Nexland, Inc. designs, develops and markets secure, affordable and easy-to-use Internet security appliances for corporate branch offices and their telecommuters. Created with security in mind, Nexland's products support the use of virtual private networking (VPN) switches at companies' remote locations and are compatible with DSL, cable, wireless, ISDN and analog Internet connections. The main differentiating advantage of Nexland's products is their patent pending ability to allow encrypted VPN packets to "pass-through" the Network Address Translation performed by our appliances. Nexland's products allow multiple sessions of IPSec (Internet Protocol Security) and PPTP (Point to Point Tunneling Protocol) to pass through and single sessions of the L2TP (Level Two Tunneling Protocol) protocol. Nexland also OEM's its technology to network security industry partners. Nexland's website is http://www.nexland.com.

Forward-looking statements in the release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of l995. These forward-looking statements are subject to certain risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission.