FIDUCIANET CLOSES IMPORTANT FINANCING ROUND

Herndon, VA -- fiducianet, inc.SM, the nations first service bureau designed to allow telecommunications carriers to outsource the processing of subpoena and court ordered record production and wiretaps, has closed a significant round of financing with a group of senior technology angels.

Herndon, VA -- fiducianet, inc.SM, the nations first service bureau designed to allow telecommunications carriers to outsource the processing of subpoena and court ordered record production and wiretaps, has closed a significant round of financing with a group of senior technology angels.

This round brings to fiducianet, inc.SM the capital it needs to finance the business into the foreseeable future," said Mike Warren, President. The round was led by Jim Rutt, former CEO of Network Solutions, and included former executives of Network Solutions as well as The Thomson Corp. Angel investors are being really selective these days," Warren stated. The vote of confidence these experienced technology executives bring with their investment is an important affirmation of the strength of the opportunity and our ability to capture it," he added.

Jim Rutt and his fellow investors are convinced that fiducianet has developed a strong service offering that is differentiated from others in the space. Mike Warren has assembled a team with the deepest domain knowledge in the space, " Rutt offered. And, this group of investors has the capacity to assist fiducianet that extends way past our money. We can help them as they introduce themselves to potential customers, including the extension of their services into the internet provider community," said Rutt. Jim Rutt was the CEO of Network Solutions prior to its acquisition by Verisign (Nasdaq: VRSN) in June of 2000. His roots in the online information and internet industries include co-founder of First Call Corporation, Chief Technology Officer of The Thomson Corporation (NYSE: TOC), and various positions at THE SOURCE, the first consumer and small business online service.

fiducianet, inc.SM is headed by Michael Warren, a 29 year veteran of the FBI who was in charge of CALEA implementation for the Bureau before retiring in September 2000. The name fiducianet derives from the Latin word fiducia or trust" in English.

About fiducianet, inc.SM

As Carrier Agent fiducianet, inc.SM provides full-service outsourcing for the management of a carriers compliance with subpoenas and court ordered record production, and it can also handle a carriers obligations under lawful electronic surveillance law, including CALEA, USA PATRIOT Act, ECPA,    T-III, and FISA. fiducianet, inc.SM frees carriers to focus on their core business of running a telecommunications company. For more information please contact fiducianets corporate headquarters at (703) 753-1290 or visit their website at www.fiducianet.biz .