Mr. Michael A. Pechette

Michael Pechette Joins the OverX Advisory Board; April 2, 2001

OverX Founder Participated in Influential P2P Conference; February 16, 2001

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Michael Pechette Joins the OverX Advisory Board

Chicago, IL – April 2, 2001 – Michael Pechette today joined the OverX Advisory Board.In addition to his role as Advisor, Mr. Pechette will be serving as Acting Chief Operating Officer, overseeing the strategic operations for the company.

"We're thrilled to have Mike on board," stated Chairman Jim Denny."OverX is poised to benefit from Mike's twenty years of financial advisory expertise and executive operating experience."

Michael Pechette serves as President of Founders Capital Corporation (FCC), a merchant-banking firm that provides corporate finance services to entrepreneurs and middle market corporate clients in a variety of industries.FCC also acts as a principal in acquisitions.Prior to founding FCC, Mr. Pechette held positions with Spurgeon Holding Corp., Mansur Capital Corp., The Northern Trust Corporate Finance Department, and Arthur Andersen & Co.

Mr. Pechette is a member of the Illinois, Indiana, and Chicago Bars and is a Certified Public Accountant.He is also a member of the Association for Corporate Growth, the National Center for Employee Ownership, and the Steering Committee of the Chicago Chapter of the National Eagle Scout Association.

In addition to Mr. Pechette, other members of the Advisory Board include Terry Robbins, managing partner of Robbins & Associates LLC, and Intellectual Property Attorney Paul Carmichael.

About OverX, Inc.

OverX is a software company providing revolutionary, patent-pending, core technology components to solve data management problems in high-performance, distributed computing environments.The Company has developed XPress – a suite of highly optimized data management software for massively scalable networks with multi-millions of objects.The XPress suite of products includes: XPress for Storage Networks (XSN) (CDN, SAN, NAS), XPress for Telecommunications Networks (XTN) (Instant Messaging, VoIP, 2G, 3G), XPress for Wireless Networks (Location Based Services, E911); and XPress for WebServices (XWS) (Directory Services, DNS).

Michael Pechette of Founders Capital Corporation and Stefania Aulicino of Capital Link IncMichael and Stefania

• Michael Pechette, JD, CPA - Managing Principal
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Michael A. Pechette, JD, CPA Managing Principal

Mr. Pechette has over twenty years of experience advising entrepreneurs and management teams in the area of mergers and acquisitions and raising capital. He has initiated and completed acquisitions, divestitures and financings for a wide variety of middle market companies. He has particular expertise in specialty retail and manufacturing including such manufacturing categories as electronic and analytical instrumentation, plastics (injection molding, blow molding and film extrusion) and consumer products. He brings extensive financial analysis and deal structuring, as well as persistence and advocacy skills, to addressing both the financial and non-financial objectives of clients. He has also advised several start-up companies, including software development and service companies, in raising capital and business formation issues.

Mike has direct middle market day-to-day operating experience having served as interim COO and General Counsel of a start-up software company and interim CFO of a $50 million revenue retail apparel chain and a $30 million revenue fitness equipment retailer. He was previously with Mansur Capital Corp., a private, middle market leveraged buyout firm, and The Northern Trust Company's Corporate Finance Department responsible for its merger and acquisition activity. At Mansur, his accomplishments included the due diligence, negotiation and acquisition of a $70 million revenue retail company as well as monitoring a $30 million revenue consumer product manufacturer. He began his career with Arthur Andersen & Company's tax department where he specialized in the tax aspects of corporate mergers and acquisitions.

Mr. Pechette received his B.S. degree in Accounting and J.D. degree from Indiana University. He is a member of the Illinois and Indiana Bars and is a Certified Public Accountant. He is also a member of the Association for Corporate Growth and the Chicago Bar Association.

· Michael A. Pechette , JD , CPAM&A Corporate Growth Consultant

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MICHAEL A. PECHETTE , JD , CPAM&A Corporate Growth Consultant

OVERVIEW

Mr. Pechette has over fifteen years of financial advisory and executive operating experience involving a wide variety of middle market industries.At HVG , he has closed several corporate growth transactions in the software , retail , plastics , and consumer products industries.Prior to affiliating with HVG , he was responsible for the day-to-day legal and financial affairs of Spurgeon Holding Corp. , a $50 Million sales retail apparel chain which he acquired with management out of a bankruptcy reorganization.His duties included developing a downsizing and cost reduction plan and handling strategic acquisitions.

Prior to the acquisition of Spurgeon , Mr. Pechette was a Vice President with Mansur Capital Corp. , a private leveraged buyout firm , where he was responsible for soliciting and reviewing acquisition candidates and overseeing portfolio companies.His accomplishments included the due diligence , negotiation and acquisition of a $70 MM sales retail company.Mr. Pechette was also a member of The Northern Trust Corporate Finance Department responsible for its merger and acquisition activity.While at Northern , he advised clients on the purchase and sale of middle market companies , as well as valuations and financings.His clients included industrial and consumer product manufacturers and distributors.He began his career with Arthur Andersen & Company's tax department where he specialized in the tax aspects of corporate mergers and acquisitions.

Mr. Pechette received his B.S. degree in Accounting and J.D. degree from Indiana University.He is a member of the Illinois and Indiana Bars and is a Certified Public Accountant.He is also a member of the Association for Corporate Growth.Mr. Pechette has been involved in the structuring , analysis , valuation and financing of over fifty transactions.