CI4NET Announces Portfolio Realignment and Name Change

Apr 12, 2001, 01:00 ET from ci4net.com, Inc.

    LONDON, April 12 /PRNewswire/ -- CI4NET (OTC Bulletin Board:   CIFN), today
 announced that in light of current market conditions it has decided to adapt
 its operating model to that of a passive holding company with investments in
 digital businesses.  The Company's board of directors, subject to shareholder
 approval, has also announced the intention to change the Company's name to DBP
 Holdings Inc. to reflect the Company's status as a non-operating holding
 Company.
     Following the realignment, the Company will focus on existing investments
 in near-term profitable businesses.  These holdings take advantage of the
 convergence of offline industry expertise and digital technology to create
 cost efficiencies in business operations.
     In line with the realignment and current market conditions, the Company
 does not anticipate making any further investments in its current portfolio
 companies, or any other companies. The Company will be assisting the portfolio
 companies to attract additional strategic investment to facilitate their
 growth and to enable them to achieve their individual business objectives. The
 decision by the Company to seek additional independent investment for its
 portfolio supports its objective of realizing value for its shareholders from
 existing investments.
     The impact of market conditions and downturn in the technology sector has
 meant that the following Company investments have been forced to cease
 operations: Globalfreeway, Netmedia, Business Villages and Planet Edge
 Australia.
 
     About CI4NET
     CI4NET is a U.S. publicly held company whose principal business is
 developing digital businesses, particularly those with a European focus. For
 more information visit http://www.ci4net.com.
 
     Contacts:  David Pasquale, 646-536-7006, or Julie Prozeller, 646-536-7010
 Both with The Ruth Group, http://www.TheRuthGroup.com
 
     Forward-Looking Statements:
     When used in this discussion, the words "expects," "believes," and similar
 expressions are intended to identify forward-looking statements that involve
 risks and uncertainties.  Actual results may differ materially depending on a
 number of risk factors including, but not limited to, the following:
 development, shipment, market acceptance and additional competition from
 existing and new competitors which will impact new customers.  Other risks
 inherent in the business of the company are described in Securities and
 Exchange Commission filings.  The company undertakes no obligation to revise
 or update any forward-looking statements to reflect events or circumstances
 after the date of this release.
 
 

SOURCE ci4net.com, Inc.
    LONDON, April 12 /PRNewswire/ -- CI4NET (OTC Bulletin Board:   CIFN), today
 announced that in light of current market conditions it has decided to adapt
 its operating model to that of a passive holding company with investments in
 digital businesses.  The Company's board of directors, subject to shareholder
 approval, has also announced the intention to change the Company's name to DBP
 Holdings Inc. to reflect the Company's status as a non-operating holding
 Company.
     Following the realignment, the Company will focus on existing investments
 in near-term profitable businesses.  These holdings take advantage of the
 convergence of offline industry expertise and digital technology to create
 cost efficiencies in business operations.
     In line with the realignment and current market conditions, the Company
 does not anticipate making any further investments in its current portfolio
 companies, or any other companies. The Company will be assisting the portfolio
 companies to attract additional strategic investment to facilitate their
 growth and to enable them to achieve their individual business objectives. The
 decision by the Company to seek additional independent investment for its
 portfolio supports its objective of realizing value for its shareholders from
 existing investments.
     The impact of market conditions and downturn in the technology sector has
 meant that the following Company investments have been forced to cease
 operations: Globalfreeway, Netmedia, Business Villages and Planet Edge
 Australia.
 
     About CI4NET
     CI4NET is a U.S. publicly held company whose principal business is
 developing digital businesses, particularly those with a European focus. For
 more information visit http://www.ci4net.com.
 
     Contacts:  David Pasquale, 646-536-7006, or Julie Prozeller, 646-536-7010
 Both with The Ruth Group, http://www.TheRuthGroup.com
 
     Forward-Looking Statements:
     When used in this discussion, the words "expects," "believes," and similar
 expressions are intended to identify forward-looking statements that involve
 risks and uncertainties.  Actual results may differ materially depending on a
 number of risk factors including, but not limited to, the following:
 development, shipment, market acceptance and additional competition from
 existing and new competitors which will impact new customers.  Other risks
 inherent in the business of the company are described in Securities and
 Exchange Commission filings.  The company undertakes no obligation to revise
 or update any forward-looking statements to reflect events or circumstances
 after the date of this release.
 
 SOURCE  ci4net.com, Inc.