Honolulu, Hawaii – October 1, 2004 – HONCAD Corporation announced today that it is has signed an agreement to market and support Peribit Network entire line of WAN optimization products in the state of Hawaii. HONCAD will market and service Peribit products through its CORESystems Hawaii and CORESystems Federal divisions. The CORESystems divisions provide enterprise-class server, data storage and networking solutions to commercial, educational, state and local government, and federal government customers in Hawaii and throughout the Pacific Rim.

“Peribit products are a natural fit for both our enterprise WAN and LAN networking business and our data storage practice. Hawaii is a geographically distributed state with a lot of WAN links carrying an ever-growing load of data, video and voice traffic. Our data replication solutions, such as SnapMirror from Network Appliance, can greatly benefit from Peribit Networks unique Sequence Mirror products which dramatically speed the transfer of large files over the WAN,” said Scott Reynolds, CORESystems CTO.

Peribit's Sequence Reducers instantly increase WAN capacity up to 10 times by reducing network traffic up to 90%. The Sequence Reducers operate at up to 45 Mbps (T3 speeds) on all IP traffic and delivers a real return on investment (ROI) in about 6 months.

Burton Bucher, Peribit Networks Channel Manager said, “We are proud to partner with a true enterprise systems integrator like CORESystems. Their combination of network engineering skill and track record of outstanding customer service made them our first choice for a partner in Hawaii.”

CORESystems recently demonstrated Peribit products at Telecom 2004 and currently have units available for customer evaluation.

About CORESystems Hawaii:
CORESystems Hawaii, the enterprise solutions division of HONCAD Corporation, is a leading Pacific Rim systems integrator and maintenance provider for enterprise servers, storage, and networking systems. CORESystems is focused on leading edge technologies, attention to customer needs, and commitment to excellence. CORESystems enterprise solutions address today’s most challenging business requirements: how to protect and access critical data, utilize computing resources more efficiently, and ensure the highest levels of business continuance. CORESystems engineers cam design, implement, train and support complex network, server, and storage environments including best of breed products and technologies. CORESystems has been providing LAN & WAN solutions based on ATM and IP since 1990. Look to CORESystems Hawaii for turn-key network, server, and storage solutions.

About Peribit Networks:
Peribit improves customer business efficiencies by resolving the technical limitations of WANs, increasing available bandwidth, and accelerating applications. Peribit’s PeriSphere architecture is the industry’s only integrated WAN optimization framework that enables application rollout and webification, data center consolidation, and improves disaster recovery/backup and regulatory compliance for enterprise IT organizations. Peribit's Sequence Reducer and Sequence Mirror platforms combined with Peribit's SRS Software System and PeriScope CMS Central Management System provide significant, measurable return on investment within months of deployment. A privately held company, Peribit is funded by top-tier investors Accel Partners, Foundation Capital, and Mayfield. Headquartered in Santa Clara, California, Peribit has operations throughout North and South America, Europe, Middle East, Africa and Asia. For more information, please visit the company's website at www.peribit.com. Peribit, PeriSphere, Sequence Reducer (SR), Sequence Mirror (SM), Molecular Sequence Reduction (MSR), and Packet Flow Acceleration