SOMERSET, N.J., May 14, 2002

Netilla Networks, Inc., (www.netilla.com), the networking services company that supplies secure remote access to applications, files and data over the Internet, today announced that the Philadelphia Stock Exchange (PHLX) has selected the Netilla Security Platform for its remote access implementation. Employees at the securities exchange can now access main-office resources while at home, from remote offices, or while traveling around the country - with the strict security requirements essential to the financial community.

"The Netilla Security Platform provides us with an ideal solution that directly addresses our mobile workforce and remote connectivity needs," said Frank Reidy, First Vice President, Information Technology for the PHLX. "Now, our employees and network support department have immediate, secure access to our entire array of office applications and data, running on Microsoft Windows servers. The Netilla solution allows us to effectively replicate our workplace environment for use from any location, while ensuring the utmost level of security."

Using any Web browser, the client-less Netilla solution authorizes and authenticates user access to any server-based application through SSL-encrypted transmissions. The platform delivers greater productivity while maintaining privacy for sensitive information. When compared to traditional VPN, server-based computing and private networking alternatives, the Netilla Security Platform is more cost-effective and easier to manage.

"Our remote employees can also collaborate on business issues and office documents with our main office staff," said Reidy, adding that the MIS department is now employing the Web remote access solution to access the exchange's test platforms for development and scheduling. "The Netilla platform provides a tremendous productivity improvement."

"The Netilla Security Platform is an ideal fit for a security-conscious, multi-platform network environment like the Philadelphia Stock Exchange," said Reggie Best, CEO and President of Netilla Networks. "Our solution allows secure access to confidential data from a variety of distributed locations through a single Web-based interface, and it provides the high level of privacy that the financial community needs. I am delighted that we were able to meet the demanding requirements of the exchange, and add such a respected establishment to our growing base of financial services customers."

According to Gene Peters, PHLX Director of Information Services, the exchange had considered several remote access alternatives prior to being introduced to the Netilla Security Platform. Once he and the team saw Netilla, though, they were won over by the greater security and ease of management provided by the Netilla solution.

"Our users need to access applications and information from all over the country - on the road, from hotels," said Peters. "We needed a reliable, easy to manage, secure solution, and the Netilla platform met all of our criteria. It was an easy choice."