CORRECTING and REPLACING Intellectus Revokes Riptide Worldwide's Software License Agreement

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Please replace the release dated February 4, 2008 with the following corrected version due to multiple revisions.

Intellectus solutions enable our customers to work smarter by improving their enterprise's ability to manage critical business processes, improve efficiency and provide world-class customer service

    The corrected release reads:

INTELLECTUS REVOKES RIPTIDE WORLDWIDE'S SOFTWARE LICENSE AGREEMENT

Intellectus, LLC ("Intellectus") a leader in business process automation and hosted on-demand BPM solutions announced that it has terminated the Riptide Worldwide, Inc., (OTCBB:RTWW), group of companies' (collectively "Riptide") license to utilize the Bravera(R) advanced Business Process and Content Automation software and related trademarks.

Intellectus has terminated all rights previously licensed to Riptide including:

Intellectus has filed a complaint in NY State court against Riptide, and its subsidiaries, Bravera, Inc. and IP Holding of Nevada Corp. alleging that they materially breached the Intellectus License Agreement by failing to fulfill their responsibilities to make millions of dollars of contractually mandated payments as well as failing to provide the contracted software and support to numerous customers to whom Riptide has sold Bravera(R) software and product support services since July 2007.

Bravera(R) software customers needing support for any of the above products may contact Intellectus at (703) 439-1150 or via email at helpdesk@intellectus.com and receive up to 60 days of no cost product help desk support to assist them in this transition period.

About Intellectus

Intellectus provides a robust suite of hosted BPM and content management solutions for today's business challenges. Intellectus' Bravera(R) BPM line includes; Bravera Process Director(TM), RAPID Workplace(TM) and Bravera Content Director(TM), delivering rapid deployments, significant ROI and faster workflow capabilities with a RAPID deployment model unique to the BPM industry.

"Intellectus solutions enable our customers to work smarter by improving their enterprise's ability to manage critical business processes, improve efficiency and provide world-class customer service,", said Christopher Watson, President of Intellectus "Our diverse client base benefits from our highly secure state-of-the-art on-demand BPM solutions which utilize both onsite and partner hosted delivery models"

Intellectus scalable solutions are deployed to over 80,000 worldwide users combining power, ease of use and maintainability. Intellectus' Bravera(R) BPM Suite of products are used around the world by commercial and government organizations supporting their mission-critical business processes

Bravera(R) is a trademark of Intellectus, LLC and all other trademarks are the property of their respective owners.

http://www.INTELLECTUS.COM

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Christopher Watson
Intellectus, LLC
703-439-1150
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