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To: Kimberly Lee who wrote (520)	4/12/1999 10:47:00 PM
From: xcr600	Respond to of 954

Kim, one more for you, then I'm off the computer <g> XLNT OBTAINS $14 MILLION IN PRIVATE PLACEMENT FUNDING Third Round Financing Advances the Millennium 4000™ Gigabit Ethernet Product Line SAN DIEGO, CA -- March 2, 1998 XLNT, a leading manufacturer of networking technologies, announced today the close of a round of equity funding in the amount of $14 million. New investors include London Pacific Life & Annuity Corporation with a $6M investment , and Technology Associates Corporation and Tech Alliance Corporation each with $1M. The remaining $6M was invested by XLNT's existing venture capital partners, BankAmerica Ventures, Enterprise Partners, Venrock Associates, Alta Partners, and Intel Corporation. XLNT will use the capital to complete development on new additions to its Gigabit Ethernet product line. "This financing allows us the flexibility to add the products and features to our Millennium 4000 product line which our customers are asking for," said Bill Atkinson, president and CEO of XLNT. "Our constantly growing world-wide sales combined with this investment confirm the appeal of our unique strategy of migrating FDDI and Ethernet users to next generation Gigabit Ethernet technologies." Gigabit Ethernet is a natural evolution in technology for the millions of Ethernet installations. Gigabit Ethernet will create a smooth migration path from either Fast Ethernet or FDDI technology to higher bandwidths. Most FDDI backbones are implemented to co-exist with Ethernet, and can, consequently, connect with Ethernet servers and desktops. Based on the original IEEE 802.3 Ethernet standard for CSMA/CD (Carrier Sense Multiple Access with Collision Detection) networks. "We feel that outside of FDDI and of course Ethernet, ATM has the largest installed base of customers," commented Atkinson. "It only makes good business sense for us to give these customers the same migration path for their ATM to the higher speeds of Gigabit Ethernet that we offer our FDDI customers." About the Millennium 4000 Product Line The Millennium 4000 backbone switch offers hot-swappable Gigabit Ethernet, 10/100 Ethernet and FDDI media cards in a five slot chassis with redundant power supplies. By connecting to legacy protocols in addition to Gigabit Ethernet, it provides a smooth migration of the existing infrastructure to higher performance. About the Company XLNT is dedicated to making networks faster and more robust than ever before. In fact, since 1989 the company has staked its reputation on building the finest quality products for the major networking vendors. Now XLNT introduces its own chassis switch with a smart solution for upgrading to Gigabit Ethernet. The company is headquartered in San Diego and remains privately held. XLNT is a registered trademark and Millennium 4000 is a trademark of XLNT, Inc. All other names are trademarks of their respective companies. xlnt.com