Fios Announces Record Revenues and Growth for 2002.

Business Editors High-Tech Writers

PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 23, 2002

Revenue Through Third Quarter 2002 is 170% of Same Period

Last Year Signaling Escalation of Market Demand

for Electronic Discovery Services

Fios(R), Inc. announced

Revenue through the third quarter is 170% of that achieved during the same period of 2001. Year-over-year growth further signals that electronic discovery is rapidly becoming a vital and integral tool for the legal industry.

"We are very pleased with our results for the third quarter and the year overall," said Richard A. Lazar, Fios' president and chief executive officer. "Our market share position is strong and growing, which we attribute to our track record of successfully delivering electronic discovery projects with unparalleled precision and speed. Fios' diligent focus on providing outstanding quality and service to top law firms and Fortune 500 corporations is clearly reflected in our financial performance."

Serving clients in industry segments such as telecommunications, banking, pharmaceuticals, energy and securities, among others, Fios' customer base has grown rapidly during the past year. Experiencing significant repeat business from existing clients, Fios has also secured new, marquee clients. Fios' top 100 law firm clients include Baker & McKenzie, Fulbright & Jaworski L.L.P., Gibson, Dunn & Crutcher L.L.P., Jones, Day, Reavis & Pogue, Latham & Watkins and Sidley Austin Brown & Wood, among others. Fios' recent release of its next generation Web-based electronic document review tool, Prevail(TM), has prompted even greater adoption of Fios as the electronic discovery services vendor of choice for the legal industry.

Fios' investment in infrastructure and client support specialists during 2002 has resulted in flexible and scalable production capacity that enables Fios to manage projects of any magnitude. To date, Fios has processed many terabytes of data, and tens of millions of TIFF images and printed pages.

"Our focus is to simplify the process of electronic discovery for our clients," continued Lazar. "We understand the technical and legal issues inherent in processing and presenting all types of data and associated metadata. Our continual focus on technical innovation enables us to design solutions that anticipate client needs and deliver extraordinary levels of client support."

About Fios, Inc.

Fios is a leading provider of electronic discovery services. Serving the legal community since 1999, Fios simplifies the electronic discovery process for its clients, giving law firms, in-house corporate counsel and government investigatory agencies complete, convenient and cost-effective visibility into electronic documents. Fios enables litigation teams to manage and assess massive amounts of electronic documents while maintaining a legally defensible audit trail. Fios' proprietary data collection, data management and Web-based review tools are based on an in-depth knowledge of litigation and information technology. Based in Portland, Oregon, Fios has sales offices throughout the continental United States. For more information about the company and its services, visit http://www.fiosinc.com.

Registered trademarks and trademarks are the property of their respective owners.