Piranha, Inc. Announces Binding Letter of Intent Between Zideo, Inc. and SundayOnline.com

Zideo to Receive $500,000 Licensing Fee and Profit-Sharing Arrangement



Apr 12, 2001, 01:00 ET from Piranha, Inc.

    RICHARDSON, Texas, April 12 /PRNewswire/ -- Piranha, Inc.
 (OTC Bulletin Board:   BYTE) announced today that its wholly owned subsidiary,
 Zideo, Inc. has entered into a binding agreement with SundayOnline.com to
 provide streaming video encoding services.
     The joint venture, strategic relationship agreement between the parties
 provides SundayOnline.com with exclusive marketing rights to Zideo's streaming
 media and encoding services for the market segment identified as churches,
 seminaries, and religious ministries worldwide. SundayOnline.com has agreed to
 pay Zideo a one-time licensing fee of $500,000 in addition to an undisclosed
 profit sharing agreement on all encoding services.
     "We are using Piranha's state of the art compression technology, together
 with our unique production processes to manage a variety of cutting edge
 applications that will deliver fully optimized media for SundayOnline," says
 Nate McClintock, Zideo's principal negotiator of the agreement. "Zideo will be
 offering a complete Internet media enabling solution for the SundayOnline
 organization and its customers," McClintock continued. "The Electronic
 Ministry is a new market desperately in need of technology leadership.
 Zideo's streaming media encoding expertise and creative development will
 empower this dynamic market segment."
     Richard Hogue, Chief Executive Officer of SundayOnline was quick to add,
 "Zideo's ability to deliver this high quality of encoded content together with
 a variety of additional creative services, will play a significant role in the
 success of SundayOnline. We have been very impressed with the Zideo team who
 have successfully demonstrated how to establish a stable environment for
 providing high quality Internet services, including 56k to broadband video and
 audio, website graphic development, hosting, database development and deliver
 this successfully to our worldwide audience."
     Hogue continues; "With Zideo in place as our technology solutions partner,
 we will be offering an unparalleled service to religious ministries
 worldwide."
 
     About Zideo, Inc.
     Zideo Inc., is a world class provider of Internet Media Enabling Services
 and has highly skilled, knowledgeable and experienced professionals, web
 masters, marketing professionals and sales professionals with particular
 expertise in the areas of video and audio streaming technologies, graphic
 design, website development.  Zideo has become recognized in the Internet
 community as a "solutions" provider.  Having high quality technology is
 imperative, but providing creative ideas and unique solutions to customers
 needs has separated Zideo from the ordinary Internet service provider. Zideo,
 Inc. is a wholly owned subsidiary of Piranha, Inc. More information is
 available at www.zideo.com .
 
     About SundayOnline.com, Inc.
     SundayOnline.com, the website, is the first such community, and sets out
 to be the leading Internet portal for the worldwide Christian community,
 targeting the leaders of this community-first its pastors and ministry
 workers-with the ultimate websites to fill their needs, from resources to
 assist in building sermons and lesson plans, to procurement of church
 materials, to the simplification of fundraising efforts. SundayOnline.com is
 also a distinctive Internet Website for the Christian community and is
 targeting the 75 million U.S. Christians currently online plus the millions of
 additional Christian families who will engage in e-commerce during the next
 decade. SundayOnline.com, Inc., as a company, seeks to establish itself as a
 leader in providing on-line communities focused on religious faiths, offering
 community, content, and commerce to individuals visiting its sites that is
 tailored to their beliefs, desires, and needs. SundayOnline.com intends to
 become the dominant e-commerce, information, on-line community, and
 entertainment source for the Christian world. For more information, visit
 www.sundayonline.com .
 
     About Piranha, Inc.
     Piranha, Inc. (OTC Bulletin Board:   BYTE) develops digital compression
 solutions to produce precise compressed images, sound and text for
 e-businesses, publishers and printers. Piranha delivers high-quality "lossy"
 and "lossless" data compression management solutions for printing, publishing,
 medical imaging, document storage and Internet-related businesses such as
 music, video, gaming, e-commerce, photos and advertising.   Piranha solutions
 increase the speed of Web pages and maximize bandwidth and storage. Piranha
 products are available on Linux, Windows, Sun Solaris and Macintosh systems.
 More information is available at www.piranha.com .
 
     Safe Harbor Statement under the Private Securities Litigation Reform Act
 of 1995
     Included in this press release are certain "forward looking" statements
 within the meaning of the Securities Act of 1933, as amended.  Although the
 Company believes that the expectations reflected in such forward looking
 statements are reasonable, actual results may differ materially from those
 anticipated in the forward looking statements as a result of certain factors
 including sales levels, retention, competition trends, and other market
 factors.  This announcement does not constitute an offer of any securities for
 sale or a solicitation of an offer to buy any securities.
 
     CONTACT:  Nate McClintock of Zideo, Inc., 972-739-0374, or
 nate@zideo.com
 
 

SOURCE Piranha, Inc.
    RICHARDSON, Texas, April 12 /PRNewswire/ -- Piranha, Inc.
 (OTC Bulletin Board:   BYTE) announced today that its wholly owned subsidiary,
 Zideo, Inc. has entered into a binding agreement with SundayOnline.com to
 provide streaming video encoding services.
     The joint venture, strategic relationship agreement between the parties
 provides SundayOnline.com with exclusive marketing rights to Zideo's streaming
 media and encoding services for the market segment identified as churches,
 seminaries, and religious ministries worldwide. SundayOnline.com has agreed to
 pay Zideo a one-time licensing fee of $500,000 in addition to an undisclosed
 profit sharing agreement on all encoding services.
     "We are using Piranha's state of the art compression technology, together
 with our unique production processes to manage a variety of cutting edge
 applications that will deliver fully optimized media for SundayOnline," says
 Nate McClintock, Zideo's principal negotiator of the agreement. "Zideo will be
 offering a complete Internet media enabling solution for the SundayOnline
 organization and its customers," McClintock continued. "The Electronic
 Ministry is a new market desperately in need of technology leadership.
 Zideo's streaming media encoding expertise and creative development will
 empower this dynamic market segment."
     Richard Hogue, Chief Executive Officer of SundayOnline was quick to add,
 "Zideo's ability to deliver this high quality of encoded content together with
 a variety of additional creative services, will play a significant role in the
 success of SundayOnline. We have been very impressed with the Zideo team who
 have successfully demonstrated how to establish a stable environment for
 providing high quality Internet services, including 56k to broadband video and
 audio, website graphic development, hosting, database development and deliver
 this successfully to our worldwide audience."
     Hogue continues; "With Zideo in place as our technology solutions partner,
 we will be offering an unparalleled service to religious ministries
 worldwide."
 
     About Zideo, Inc.
     Zideo Inc., is a world class provider of Internet Media Enabling Services
 and has highly skilled, knowledgeable and experienced professionals, web
 masters, marketing professionals and sales professionals with particular
 expertise in the areas of video and audio streaming technologies, graphic
 design, website development.  Zideo has become recognized in the Internet
 community as a "solutions" provider.  Having high quality technology is
 imperative, but providing creative ideas and unique solutions to customers
 needs has separated Zideo from the ordinary Internet service provider. Zideo,
 Inc. is a wholly owned subsidiary of Piranha, Inc. More information is
 available at www.zideo.com .
 
     About SundayOnline.com, Inc.
     SundayOnline.com, the website, is the first such community, and sets out
 to be the leading Internet portal for the worldwide Christian community,
 targeting the leaders of this community-first its pastors and ministry
 workers-with the ultimate websites to fill their needs, from resources to
 assist in building sermons and lesson plans, to procurement of church
 materials, to the simplification of fundraising efforts. SundayOnline.com is
 also a distinctive Internet Website for the Christian community and is
 targeting the 75 million U.S. Christians currently online plus the millions of
 additional Christian families who will engage in e-commerce during the next
 decade. SundayOnline.com, Inc., as a company, seeks to establish itself as a
 leader in providing on-line communities focused on religious faiths, offering
 community, content, and commerce to individuals visiting its sites that is
 tailored to their beliefs, desires, and needs. SundayOnline.com intends to
 become the dominant e-commerce, information, on-line community, and
 entertainment source for the Christian world. For more information, visit
 www.sundayonline.com .
 
     About Piranha, Inc.
     Piranha, Inc. (OTC Bulletin Board:   BYTE) develops digital compression
 solutions to produce precise compressed images, sound and text for
 e-businesses, publishers and printers. Piranha delivers high-quality "lossy"
 and "lossless" data compression management solutions for printing, publishing,
 medical imaging, document storage and Internet-related businesses such as
 music, video, gaming, e-commerce, photos and advertising.   Piranha solutions
 increase the speed of Web pages and maximize bandwidth and storage. Piranha
 products are available on Linux, Windows, Sun Solaris and Macintosh systems.
 More information is available at www.piranha.com .
 
     Safe Harbor Statement under the Private Securities Litigation Reform Act
 of 1995
     Included in this press release are certain "forward looking" statements
 within the meaning of the Securities Act of 1933, as amended.  Although the
 Company believes that the expectations reflected in such forward looking
 statements are reasonable, actual results may differ materially from those
 anticipated in the forward looking statements as a result of certain factors
 including sales levels, retention, competition trends, and other market
 factors.  This announcement does not constitute an offer of any securities for
 sale or a solicitation of an offer to buy any securities.
 
     CONTACT:  Nate McClintock of Zideo, Inc., 972-739-0374, or
 nate@zideo.com
 
 SOURCE  Piranha, Inc.