Bob Collet Elected to Signafor Board of Directors

Respected Networking Industry Veteran Joins Signafor, Inc. Board

Tyson?s Corner, VA - July 8, 2002 -- Signafor, Inc. has elected Robert D. Collet to their Board of Directors. Based in Tyson?s Corner, VA, Signafor develops high-speed, switched IP technologies to enable rapid network failure recovery, congestion avoidance as well as delivery of data, voice and video onto a single wireless, copper or optical network. Suitable for OEM vendor hardware, Signafor?s patented, breakthrough software products also include unique security features.

Mr. Collet is currently Chief Technology Officer of Velocita Corporation, where he is responsible for its optical, transmission and data services technology. Velocita is building a large part of AT&T?s and its own Next Generation Optical network. Before assuming the CTO position in 2001, Mr. Collet served as President of Velocita?s Data Services Unit. From 1996 to 2000, Mr. Collet was Vice President and General Manager, Data Services of Teleglobe Communications Corporation, where he was responsible for Marketing, Engineering and Operations. From 1995 ? 1996 he worked for Sprint Communications Corp, as Director, Sales Engineering in the Government Systems Division. Between 1991 and 1995, he initiated the development and led the engineering, construction and operations of Sprint?s US and global Internet backbone and Managed Network services. Mr. Collet has a BSEE from the University of Massachusetts, a MSEE from Georgia Institute of Technology and a MBA from American University. He was Chairman, Commercial Internet eXchange (CIX) Association 1993-1998. He is currently on the Board of Directors of Comptel, and is chairman of the Internet and Technology committee. Mr. Collet was a founder of Pluris and has served on its technical advisor board as well as at TABs at Red Creek and Meriton Networks.

On Mr. Collet?s election to the Board, Signafor?s Chairman, Carol Anderson, said, ?We are delighted to have Bob Collet join our Board. His knowledge and stature within the network community is a tremendous validation of the significance of Signafor?s technology platform. Signafor will benefit from his exceptional track record of developing and commercializing new products for the IP network sector. His relationships within the high tech and academic communities will be a valuable resource for the Company as we license our technology to the OEM vendor and IP network arenas.?

On his election to the Signafor Board, Mr. Collet commented, ? I am delighted to join the board of a company which has the technology to greatly improve the ability of IP networks, and the Internet in particular, to reliably and efficiently transport all types of traffic ranging from traditional bursty web access to voice, video and HDTV. Carrier and corporate networks from bandwidth-constrained wireless to broadband can reap the Quality of Service benefits of Signafor?s patented link failure recovery and congestion avoidance management capabilities.?

Signafor?s founder and President, Mr. Sham Chakravorty added, ?Bob brings to us an in-depth knowledge of the optical, transmission and data services technology. Bob also has vast experience in network planning and deployment using cutting-edge technologies. His experience in the development of Grid services architecture and their successful execution for large, strategic customers will provide Signafor new avenues for revenue generation, and strategic partnerships with valuable access to the vendor and service provider communities.?

About Signafor:

Established in September 2000, Signafor licenses advanced IP switching and QoS technology solutions for the next-generation broadband Internet that enables enterprises and service providers to define and deliver multiple, differentiated services in real-time. The resulting benefit is unique service offerings, a significant improvement of throughput while notably reducing operational costs. For the first time, service providers can deliver content-smart networks.

Signafor?s high-speed IP switching technologies, serving optical, copper and wireless media, enable the rapid convergence of voice, video and data onto a single, secure network at dramatically reduced costs. Its innovative solutions enable carriers, service providers and enterprises to offer their customers a high degree of differentiated services, while at the same time giving them added tools to reduce network failure risks and congestion.

Signafor is pursuing technology and marketing partnerships with router manufacturers, VoIP vendors, wireless 3G infrastructure providers, enterprise network managers as well as service providers who need to establish value-added, high speed, converged media networks.

The company has completed it Series A round of financing led by New Century Investors, LLC. For more information concerning Signafor?s technology, visit the Company?s web site www.signafor.com.

CONTACT: Sham Chakravorty
         703-560-8898