ServerVault and Phase2 Technology Announce IT Services Partnership

ServerVault and Phase2 Technology team up to offer comprehensive software and hardware management services.

Dulles, Va. -- Oct. 16, 2002 - ServerVault Corp., the No. 1-ranked secure managed hosting company as recognized by companies, such as Meta Group, Tier One research and Web Host Guide announced its partnership with Phase2 Technology, LLC.

Phase2 is a leading technology provider of application development, data management and Web services. ServerVault and Phase2 will work with organizations to design and deliver improved business processes, develop and manage custom software applications and provide secure, reliable and comprehensive hardware management and hosting.

Under the partnership agreement, dedicated marketing, sales, project management and technical resources from ServerVault and Phase2 will identify prospects across a number of industries and develop solutions to address customer needs and challenges.

Our new and potential clients will benefit from the combined working knowledge this relationship solidifies," said Patrick Sweeney, president and chief executive officer of ServerVault. We have already seen very high profile clients, including professional sports leagues, benefit from the familiarity ServerVault and Phase2 have with each others operating procedures. Its a very compelling partnership."

Jeff Walpole, director of operations and managing partner of Phase2, said: Phase2 has experienced the benefits of the ServerVault secure hosting solution and is excited about the opportunity to provide such solutions to our customers. This partnership greatly leverages our ability to develop and maintain Web-based applications that are secure and reliable with a company that shares our vision of quality and technological competency. We expect to achieve a higher level of joint services with our current clients and provide a solid Web hosting option to future clients under this arrangement."

About ServerVault
ServerVault provides complex hosting solutions with the best protection against hackers or viruses. ServerVault, ranked No.1 in security by Meta Group, Tier One and other major third parties, delivers the industrys most robust service level agreements with 99.999 percent reliability. It also is competitively priced to make it No.1 in value. The company has a growing customer base of Fortune 1000 and global companies, including CapitalOne, Carlyle Group, the National Football League Players Association, and Citigroup. Built on its platform of security, reliability, value and customer care, ServerVault offers complex Web and intranet hosting, secure outsourced email and VPN and firewall solutions. The companys platform is substantially different than other hosting providers, offering 50 discrete points of protection and extensive proprietary technology. ServerVault operates the only commercially available data center built to stringent sensitive compartmented information facility standards set by the Department of Defense. The companys headquarters and principal data center are located in Dulles, VA. ServerVault is wholly owned by affiliates of Cincinnati-based Fort Washington Investment Advisors, Inc., a member of Western & Southern Financial Group. For more information, visit www.servervault.com or call 1.877.78.VAULT.

About Phase2 Technology
Phase2 Technology provides mid-sized commercial and non-profit enterprises with data-intensive, distributed application services, including custom application development, Web design and development, data management, related strategy, planning, and other consulting services. The company has a growing client base that includes the National Football League Players Association, Players Inc, E-Triage.com and Fairfax Cryobank. Phase2 is headquartered in Falls Church, VA. For more information, visit www.phase2technology.com or call 703.383.1688.

###

For Immediate Release

ServerVault Contact:
Michelle Reilly
ServerVault Corp.
703.652.5900
michelle@servervault.com
         
Phase2 Technology Contact:
Andre P. Hood
Phase2 Technology, LLC
703.343.1688
ahood@phase2technology.com