OnSpan Networking Receives Nasdaq Staff Determination; OnSpan Requests Hearing From Nasdaq Listing Qualifications Panel Which Will Stay Delisting Pending Panel Decision

Apr 24, 2001, 01:00 ET from OnSpan Networking, Inc.

    HERNDON, Va., April 24 /PRNewswire Interactive News Release/ --
 OnSpan Networking Inc. (Nasdaq:   ONSP) (www.OnSpan.com) announced today that it
 received a Nasdaq Staff Determination on April 18, 2001 that the Company was
 no longer in compliance with the minimum $2,000,000 net tangible assets
 requirement for the Nasdaq SmallCap Market under Marketplace Rule 4310
 (c)(2)(B). Additionally, as of April 17, 2001 the Nasdaq staff determined that
 the Company's market capitalization was $19,494,225. Under Marketplace Rule
 4815(b) Nasdaq required that the Company, as promptly as possible but no later
 than seven calendar days from the receipt of Staff's determination, make a
 public announcement. Accordingly, the Company's securities were to be delisted
 from the Nasdaq Small Cap Market at the opening of business on April 26, 2001.
 OnSpan has requested a hearing before a Nasdaq Listing Qualifications Panel to
 review the Staff Determination pursuant to the procedures set forth in the
 Nasdaq Marketplace Rule 4800 series. Until the Panel has made a decision the
 Company's stock will continue to trade on Nasdaq. There can be no assurance
 the Panel will grant the Company's request for continued listing.
 
     About OnSpan Networking Inc.
     OnSpan Networking, Inc. through its subsidiary InterLAN is a provider of
 data communications and networking infrastructure solutions for business,
 government and education. InterLAN specializes in remote access, fiber optic
 networking, wide area networks, local area networks, switches, routers,
 servers and workstations.
     Safe Harbor Act Disclaimer: This release contains forward-looking
 statements within the meaning of Section 27A of the Securities Act of 1933 and
 Section 21E of the Securities Exchange Act of 1934 that are based upon current
 expectations or beliefs, as well as a number of assumptions about future
 events. Although the Company believes that the expectations reflected in the
 forward-looking statements and the assumptions upon which they are based are
 reasonable, it can give no assurance that such expectations and assumptions
 will prove to have been correct. The reader is cautioned not to put undue
 reliance on these forward-looking statements, as these statements are subject
 to numerous factors and uncertainties, including without limitation,
 successful implementation of the Company's business strategy and competition,
 any of which may cause actual results to differ materially from those
 described in the statements. In addition, other factors that could cause
 actual results to differ materially are discussed in the Company's most recent
 Form 10-QSB and Form 10-KSB filings with the Securities and Exchange
 Commission.
 
 

SOURCE OnSpan Networking, Inc.
    HERNDON, Va., April 24 /PRNewswire Interactive News Release/ --
 OnSpan Networking Inc. (Nasdaq:   ONSP) (www.OnSpan.com) announced today that it
 received a Nasdaq Staff Determination on April 18, 2001 that the Company was
 no longer in compliance with the minimum $2,000,000 net tangible assets
 requirement for the Nasdaq SmallCap Market under Marketplace Rule 4310
 (c)(2)(B). Additionally, as of April 17, 2001 the Nasdaq staff determined that
 the Company's market capitalization was $19,494,225. Under Marketplace Rule
 4815(b) Nasdaq required that the Company, as promptly as possible but no later
 than seven calendar days from the receipt of Staff's determination, make a
 public announcement. Accordingly, the Company's securities were to be delisted
 from the Nasdaq Small Cap Market at the opening of business on April 26, 2001.
 OnSpan has requested a hearing before a Nasdaq Listing Qualifications Panel to
 review the Staff Determination pursuant to the procedures set forth in the
 Nasdaq Marketplace Rule 4800 series. Until the Panel has made a decision the
 Company's stock will continue to trade on Nasdaq. There can be no assurance
 the Panel will grant the Company's request for continued listing.
 
     About OnSpan Networking Inc.
     OnSpan Networking, Inc. through its subsidiary InterLAN is a provider of
 data communications and networking infrastructure solutions for business,
 government and education. InterLAN specializes in remote access, fiber optic
 networking, wide area networks, local area networks, switches, routers,
 servers and workstations.
     Safe Harbor Act Disclaimer: This release contains forward-looking
 statements within the meaning of Section 27A of the Securities Act of 1933 and
 Section 21E of the Securities Exchange Act of 1934 that are based upon current
 expectations or beliefs, as well as a number of assumptions about future
 events. Although the Company believes that the expectations reflected in the
 forward-looking statements and the assumptions upon which they are based are
 reasonable, it can give no assurance that such expectations and assumptions
 will prove to have been correct. The reader is cautioned not to put undue
 reliance on these forward-looking statements, as these statements are subject
 to numerous factors and uncertainties, including without limitation,
 successful implementation of the Company's business strategy and competition,
 any of which may cause actual results to differ materially from those
 described in the statements. In addition, other factors that could cause
 actual results to differ materially are discussed in the Company's most recent
 Form 10-QSB and Form 10-KSB filings with the Securities and Exchange
 Commission.
 
 SOURCE  OnSpan Networking, Inc.