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To: SSP who wrote (90393)	8/17/2001 12:46:25 PM
From: marley33	Read Replies (1) \| Respond to of 150070

Celerity Systems, In4Structures and Bala Multi-Family Announce First Florida System Jump to first matched term KNOXVILLE, Tenn.--(BUSINESS WIRE)--Aug. 17, 2001--Celerity Systems, Inc. (OTC BB: CLRT), In4Structures LLC of Bala Cynwyd, Pennsylvania and Bala Multi-Family Investment Company LLC of Lewisville, Texas today announced that they will partner to deploy Celerity's products and services to Bala Properties' newest project, Balapines, in Orlando, Florida. The technology based services offered under this agreement include: cable & satellite TV, interactive TV (video on demand), high-speed Internet, interactive retailing and advertising (T-commerce), home gateway services including energy management and security monitoring, and using the Celerity T 6000 digital set top box to provide all services on a TV (without the need for a PC) or on a PC. "We are particularly excited about Balapines," said Skip Gosnell, President of In4Structures, "since this is the first property we have done from the very beginning with Celerity. In concert with them and Tele-Optics, we have identified several ways to provide more services at lower cost. It makes a big difference in planning for true digital services at the onset of the project, and this is one of the big values In4Structures brings to the table." "We are also looking forward to having on-site management of the Balapines project by Celerity," said Terry Lewis, President of Bala Multi-Family Investment Company. "We are new to the world of digital communications, and rely on direction and advice from Celerity to ensure that our tenants will have great services not only in the beginning, but for many years to come. Some of the upcoming services, such as home energy management, may ultimately be among the most valuable for our tenants." Celerity Systems is a provider of advanced digital set top boxes and video servers for the interactive television and high speed Internet markets. Celerity's target markets include multihousing, hospitality, schools, telcos, and energy companies. Celerity can also provide end-to-end systems through strategic relationships with leading technology companies. In4Structures is a building technology integrator working with property developers, owners, builders, tenants and technology service vendors to create technology enabled facilities. Bala Multi-Family was established in 1998 to develop and manage multifamily luxury apartments. Headquartered in Dallas, Texas under the leadership of Terry Lewis - President, Bala Multi-Family develops rental units and has created a new paradigm for this growing market that represents a departure from ordinary apartment living--the housing evokes the feeling and warmth of "home" -- with all of the amenities and none of the hassles of ownership. The exteriors resemble large custom homes with units ranging in size from 800 to 1,500 square feet. Some recent projects include Balawoods at Kingwood in Houston, Texas; Desertscape Residences in Mesa Arizona (opened in March, 2001); and Balapines in Orlando, Florida (which broke ground in May, 2001). To date, Bala Multi-Family has successfully developed over $150,000,000 worth of luxury apartments and is currently managing 900 units.