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ESPRE Solutions, Inc. signs Letter of Intent to acquire Modular Computing Systems, Inc. in a move to deploy a managed end-to-end Video-On-Demand system. Acquisition provides ESPRE Solutions anticipated revenues in excess of $4 million with net profits of approximately 20% and MCS' successful track record of providing IP computing technologies for the telecommunications sector.PLANO, TX — (Sept. 28, 2004) —ESPRE Solutions (OTC Pink Sheets: EPRS), a Dallas-based technology company, specializing in media collaboration solutions powered by a revolutionary and patented video compression technology, today announced that it has signed a Letter of Intent to acquire Modular Computing Systems, a provider of unique telecommunication computing platforms for high reliability systems that are NEBS certified. "Over the past five years, Modular Computing Systems (MCS) has developed computing, firmware and software products that fill a demand for packet-based technologies in telecom. By leveraging MCS' expertise in custom Sun-based solutions, MCS is addressing a market need that many of our current telecom customers are requesting. ESPRE Solutions' CODEC has allowed MCS to create a managed end-to-end VOD solution that can be deployed in the emerging IP TV market", states Ken Bergstrom, CEO of Dallas-based MCS. As a licensee of ESPRE Solutions' video CODEC, MCS is developing an end-to-end VOD solution that leverages their expertise with telecom solutions and applying that expertise to address the complexity of delivering TV-quality VOD over a non-managed network like the Internet. By combining world-class compression, advanced server management controls with redundancy built-in at both the server and application level, MCS can deliver broadcast quality video streams over the Internet at under 1 MB per stream and deliver it to in-home television viewers. ESPRE Solutions’ CEO, Pete Ianace states, "We are very excited about the planned merger as it will allow ESPRE to accelerate its business plan. This move will add profitable revenues, an existing telecom customer base and a managed end-to-end VOD solution to round out our existing multimedia suite. Immediately, following the consummation of the merger, ESPRE plans to focus additional resources on MCS' existing product line and expects to more than double those revenues in the next twelve months." About Modular Computing Systems, Inc.: Carrollton, Texas-based Modular Computing Systems is a privately owned company that develops telecom computing solutions with expertise in design and project management related to bringing chip, board-level and system-level products to the telecom market. MCS is a Sun Microsystems, Inc. Authorized OEM Development Partner and designs multiple platforms that are NEBS certified. To learn more about Modular Computing Systems and it’s products, please visit www.modularcomputing.com <http://www.modularcomputing.com/>. About ESPRE Solutions, Inc.: Plano, Texas-based ESPRE Solutions is a public company (OTC Pink Sheets: EPRS) and groundbreaking media collaboration solutions provider that fulfills the promise of TV-quality streaming video over the Internet—even at dial-up speeds as low as 28Kbps. ESPRE Solutions intends to be the video applications provider of choice for Internet Service Providers, Fortune 1000 corporations, and institutions worldwide, adding both narrowband and broadband video to traditional voice and data applications. ESPRE Solutions’ eView product suite provides an integrated solution for business and personal communications. To learn more about ESPRE Solutions, or to experience the company’s pioneering eView technology, visit www.espresolutions.com <http://www.espresolutions.com/>. SAFE HARBOR Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by ESPRE Solutions, Inc. are not a guarantee of future performance. |