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Proxity Digital Networks, Inc. Explores Providing Intra-net Support to Media Fusion, Inc. NEW ORLEANS & DALLAS--(BUSINESS WIRE)--Sept. 3, 2002--A letter of intent to merge Proxity Digital Networks Inc. (OTC Pinksheets:PDNW) with Media Fusion, Inc. has expired without the merger taking place. However, the companies plan to maintain a relationship that allows them to focus on their core technologies and to work together when opportunities arise. PDNW and Media Fusion remain in high-level negotiations for PDNW to provide Media Fusion with resources including intra-net support to gain a stake in the growing new power measurement and power line communications markets, which have seen dramatic increases in commercial interest in recent months. In particular, Media Fusion's Electro-resistance Magnetic Resonance Conversion(TM) power line communications technology and Power Measurement Informatics(TM) technology are gaining commercial and investor interest. Media Fusion continues to focus on bringing new technologies into the marketplace in the power line communications and power measurement markets. Media Fusion recognizes that it will need extensive support services, including intra-net services, and is discussing which of those services PDNW may provide. PDNW management which feels that Media Fusion's power measurement and powerline communications technologies have great potential for the 21st century, is re-examining its web-based business, and plans to redirect its fixed assets in the world wide web to achieve gains in higher value intra-net services. It plans to redeploy many of the same assets to add services and products that are specifically tailored to emerging markets, including those in power measurement and power line communications. PDNW's CEO Billy Robinson said, "It is clear to me that Media Fusion's power measurement and PLC technologies and projects will create markets of extreme interest to PDNW. We are pleased to continue working with Media Fusion in their PMI(TM) roll-out to commercial power producers and consumers with our concentration being on providing secure, and reliable intra-net services to Media Fusion's customers." About Media Fusion, Inc. Media Fusion, Inc. is a Dallas, Texas based advance technology company, developing leading edge power measurement and powerline communications applications, systems and tools for commercial power producers, distributors and consumers. (www.mediafusioninc.info) About Proxity Digital Networks, Inc. Proxity Digital Networks, Inc., (OTC Pinksheets: PDNW) is a New Orleans based integrated entertainment and technology company, with offices in Costa Mesa, CA and Dallas, TX. PDNW's, (http://www.proxity.com) three divisions specialize in ISP, web hosting, online games, site development and end-to-end online solutions for the small-to-midsize e-business market, (www.linksimple.com), (www.triviaspot.com), Government contract fulfillment, high speed internet access and sales, (www.csa-solutions.com). Statement Under the Private Securities Litigation Reform Act: With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. CONTACT: Proxity Digital Networks, Inc. Billy Robinson, 504/524-5425 FAX: 504/524-5424 Internet: proxity.com | ||||||||||||||
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