Bristol Retail Solutions, a Subsidiary of VoiceFlash Networks, Receives Final Approval for DIP...

Business Editors/High-Tech Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 2, 2001

VoiceFlash Networks, Inc. (Nasdaq:VFNX), announced today that Bristol Retail Solutions, Inc., its wholly-owned subsidiary, received final approval for debtor-in-possession (DIP) financing by the Bankruptcy

Court of Los Angeles, California. This DIP financing is intended to bring Bristol sufficient liquidity to pay all current and expected trade and employee obligations and is intended to meet its operating and investment needs during the reorganization process. Bristol expects the reorganization to be completed within a few months.

Safe Harbor Statement of the Private Securities Litigation Reform Act of 1995: The statements in this press release which are not historical facts are forward-looking statements within the meaning of the Safe Harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties set forth in VoiceFlash's and Bristol Retail Solutions' filings with the SEC, including risks and uncertainties related to securing adequate sources of capital, effectiveness of Bristol's distribution organization, technological challenges, historical operating loses, competition and difficulties in integrating the merger partners.

About VoiceFlash Networks, Inc.

VoiceFlash Networks, Inc. (Nasdaq:VFNX) is a leader in the commercialization and integration of BlueTooth wireless technologies into legacy point-of-sale software and hardware systems. The Company's technologies are being developed to lead the wireless evolution by linking independent mobile devices on a unified platform for the management of personal consumer data via point-of-sale systems and an open standards-based Application Programming Interface (API). For more information, please visit VoiceFlash at http://www.voiceflash.com.