Piranha, Inc. Retains Strategic Resources, LLC for Investor Relations

Significant Software Advancements to be Shown at Seybold Conference in Boston,

April 8-13



Apr 02, 2001, 01:00 ET from Piranha, Inc.

    FREEHOLD, N.J., April 2 /PRNewswire/ --
 Piranha, Inc. (OTC Bulletin Board:   BYTE), an innovator in data compression
 technology and digital workflow solutions, today announced it has retained
 Strategic Resources, LLC, New York City, as an advisor on investor and
 corporate relations.
     "Piranha is pioneering a new generation of data compression technology
 that addresses the growing need for alternative solutions to increasing
 bandwidth requirements.  We look forward to assisting the Company in its
 investor communications as well as corporate development," said Jay M. Green,
 Managing Partner of Strategic Resources.
     Piranha's proprietary software powers the rapid transmission of digital
 files around the globe by compressing and decompressing files up to three
 times faster than any other known compression technology.  "Moreover, its
 unique technology is not limited to a specific operating platform or a
 specific type of file.  It services text, graphics, audio and video,"
 Mr. Green added.
     "Piranha has an important story to tell, with a number of significant
 product introductions and business alliances expected this year," said Larry
 E. Greybill, President of Piranha.  "We believe our company is very well
 positioned to help solve the critical need to optimize the efficiency of
 current bandwidth availability.  Our compression technology can reduce
 bandwidth needs by half, by shrinking files and transmitting them in seconds
 across current systems.  Strategic Resources, with its broad network of
 institutional and retail investors, will help us increase awareness and
 appreciation for Piranha," said Mr. Greybill.
 
     Strategic Resources is a boutique, corporate advisory and investor
 relations firm.  Its principals have a combined 35-plus years of Wall Street
 and corporate communications experience.
 
     Significant Software Advancements
     Piranha has just introduced the "industrial-strength" version of its key
 product -- Piranha Byte(TM).  The new upgrade, 2.0, is designed to be
 cost-effective and efficient for data-heavy industries requiring the
 transmission and storage of large graphic files.  Byte 2.0 is available in a
 Desktop as well as a Server application.  Both are operable with Intel-Linux
 and Sun Solaris as well as Windows and Macintosh platforms.  "Competitive
 software products are not multi-platform applicable and cannot cross-transfer
 between different platforms, which is another big advantage of Byte 2.0,"
 Mr. Greybill stated.
     Byte 2.0 will be formally introduced at the annual Seybold Conference and
 Exposition in Boston, April 8-13, a major trade show for the printing,
 publishing and new-media industries -- estimated to be approximately a $500
 billion annual data market.
     Piranha will also be introducing at the Seybold Conference an advanced
 data-management system that materially reduces archiving-requirements by
 enabling the storage of a single, compressed image that can be easily
 retrieved in a variety of sizes and resolutions.  In addition, Piranha will be
 showcasing at Seybold its other recently introduced products:  Piranha
 Net(TM), which dramatically reduces the time required to download Web pages;
 and the demo version of Piranha Stream(TM), which provides real-time encoding
 and compression for streaming video and audio on demand, remote learning and
 videoconferencing.
     "With Piranha's product advancements and a number of material new business
 alliances that are now being developed, we look forward to presenting this
 exciting story to Wall Street.  Our efforts will be to educate investors about
 Piranha's vital technology and its long-term growth outlook," Strategic
 Resources' Mr. Green said.  This is the first time that Piranha has engaged an
 advisory firm to address the investor community.
 
     About Piranha, Inc.
     Piranha, Inc. (OTC Bulletin Board:   BYTE) develops digital compression
 solutions to produce highly precise, compressed images, sound and text for
 both "lossless" and "lossy" applications.  "Lossless" compression preserves
 image quality and file format integrity.  In "lossy" applications, some file
 data is eliminated while preserving a visually "lossless" quality.  Piranha's
 products and services are used in a wide range of applications such as
 printing, publishing, medical imaging, document storage and Internet-related
 businesses involving 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 .
 Piranha Byte, Net and Stream are trademarks of Piranha, Inc.
 
     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.
 
     CONTACTS:
     Piranha, Inc.                         Strategic Resources, LLC
      Larry Greybill, 732-409-5144          Jay Green, 212-590-2492
      larry.greybill@piranha.com            jgreen@bestweb.net
      and
      Richard Berger, CFO
      800-569-2434
      dberger@piranhabyte.com
 
 

SOURCE Piranha, Inc.
    FREEHOLD, N.J., April 2 /PRNewswire/ --
 Piranha, Inc. (OTC Bulletin Board:   BYTE), an innovator in data compression
 technology and digital workflow solutions, today announced it has retained
 Strategic Resources, LLC, New York City, as an advisor on investor and
 corporate relations.
     "Piranha is pioneering a new generation of data compression technology
 that addresses the growing need for alternative solutions to increasing
 bandwidth requirements.  We look forward to assisting the Company in its
 investor communications as well as corporate development," said Jay M. Green,
 Managing Partner of Strategic Resources.
     Piranha's proprietary software powers the rapid transmission of digital
 files around the globe by compressing and decompressing files up to three
 times faster than any other known compression technology.  "Moreover, its
 unique technology is not limited to a specific operating platform or a
 specific type of file.  It services text, graphics, audio and video,"
 Mr. Green added.
     "Piranha has an important story to tell, with a number of significant
 product introductions and business alliances expected this year," said Larry
 E. Greybill, President of Piranha.  "We believe our company is very well
 positioned to help solve the critical need to optimize the efficiency of
 current bandwidth availability.  Our compression technology can reduce
 bandwidth needs by half, by shrinking files and transmitting them in seconds
 across current systems.  Strategic Resources, with its broad network of
 institutional and retail investors, will help us increase awareness and
 appreciation for Piranha," said Mr. Greybill.
 
     Strategic Resources is a boutique, corporate advisory and investor
 relations firm.  Its principals have a combined 35-plus years of Wall Street
 and corporate communications experience.
 
     Significant Software Advancements
     Piranha has just introduced the "industrial-strength" version of its key
 product -- Piranha Byte(TM).  The new upgrade, 2.0, is designed to be
 cost-effective and efficient for data-heavy industries requiring the
 transmission and storage of large graphic files.  Byte 2.0 is available in a
 Desktop as well as a Server application.  Both are operable with Intel-Linux
 and Sun Solaris as well as Windows and Macintosh platforms.  "Competitive
 software products are not multi-platform applicable and cannot cross-transfer
 between different platforms, which is another big advantage of Byte 2.0,"
 Mr. Greybill stated.
     Byte 2.0 will be formally introduced at the annual Seybold Conference and
 Exposition in Boston, April 8-13, a major trade show for the printing,
 publishing and new-media industries -- estimated to be approximately a $500
 billion annual data market.
     Piranha will also be introducing at the Seybold Conference an advanced
 data-management system that materially reduces archiving-requirements by
 enabling the storage of a single, compressed image that can be easily
 retrieved in a variety of sizes and resolutions.  In addition, Piranha will be
 showcasing at Seybold its other recently introduced products:  Piranha
 Net(TM), which dramatically reduces the time required to download Web pages;
 and the demo version of Piranha Stream(TM), which provides real-time encoding
 and compression for streaming video and audio on demand, remote learning and
 videoconferencing.
     "With Piranha's product advancements and a number of material new business
 alliances that are now being developed, we look forward to presenting this
 exciting story to Wall Street.  Our efforts will be to educate investors about
 Piranha's vital technology and its long-term growth outlook," Strategic
 Resources' Mr. Green said.  This is the first time that Piranha has engaged an
 advisory firm to address the investor community.
 
     About Piranha, Inc.
     Piranha, Inc. (OTC Bulletin Board:   BYTE) develops digital compression
 solutions to produce highly precise, compressed images, sound and text for
 both "lossless" and "lossy" applications.  "Lossless" compression preserves
 image quality and file format integrity.  In "lossy" applications, some file
 data is eliminated while preserving a visually "lossless" quality.  Piranha's
 products and services are used in a wide range of applications such as
 printing, publishing, medical imaging, document storage and Internet-related
 businesses involving 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 .
 Piranha Byte, Net and Stream are trademarks of Piranha, Inc.
 
     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.
 
     CONTACTS:
     Piranha, Inc.                         Strategic Resources, LLC
      Larry Greybill, 732-409-5144          Jay Green, 212-590-2492
      larry.greybill@piranha.com            jgreen@bestweb.net
      and
      Richard Berger, CFO
      800-569-2434
      dberger@piranhabyte.com
 
 SOURCE  Piranha, Inc.