Corporate Profile for Stitch Networks Corporation, dated May 18, 2001.

Business Editors

--(BUSINESS WIRE)

The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based

Published Date:   May 18, 2001

Company Name:     Stitch Networks Corporation

Address:          500 North Walnut Street; Suite 100
                  Kennett Square, PA 19348


Main Telephone
 Number:          888/427-8743

Internet Home
 Page Address
  (URL)           www.e-vend.net

Chief Executive
 Officer:         David Goodman

Chief Financial
 Officer:         Philip L. Calamia

Public Relations
 Contact:         Maeve McKenna
 Business number: 888-427-8743
 E-mail address:  maeve.mckenna@e-vend.net

Industry:         Currently providing online monitoring and remote
                  control capabilities to the vending and
                  coin-operated laundry industries. These capabilities
                  will expand to include several additional vertical
                  markets.

Company Description: Stitch Networks Corporation was founded in 1996 to tackle the problems of distributed point-of-sale merchandising. Through its hardware and software platform, Stitch Networks offers point-of-sale transactions via credit and debit cards, and logistics models that deliver capabilities such as pick-pack-and-ship functionality through wireless monitoring.

Stitch Networks is currently targeting the vending and coin-operated laundry industries through its services, e-Vend.net and e-Suds.net. Both enable the remote management of networks for maximum profitability. In addition, Stitch Networks'; CashFree transaction system introduces new categories of high-ticket consumer goods (e.g. cameras and film) and alternative revenue streams to both industries by enabling items and services to be purchased at the point of consumption through the convenience of credit or debit cards and RFID tags.

Stitch Networks is expanding its current application base beyond the vending and coin-operated laundry industries by developing a flexible hardware and software toolset for the secure remote management, maintenance and distribution of digital networks in a wide range of thin-client marketplaces.