MontegoNet Announces New Hires

Portsmouth, RI - February 3, 2004 - Following MontegoNet's recent acquisition of East Greenwich-based CartenTech, MontegoNet has appointed two former CartenTech employees to management positions.

Former CartenTech President Mark Carten has been named MontegoNet's Director of Product Development. In his new role, Mr. Carten will be responsible for driving the development of innovative solutions for the interactive kiosk market.

In addition, MontegoNet has named CartenTech's Steve Marsden as the company's Director of Business Development. Mr. Marsden will helm MontegoNet's efforts to expand current markets and identify & pursue new business opportunities.

"The addition of Mark Carten to the MontegoNet team bolsters our R&D efforts, and will ultimately benefit our customers. This strategic hire underscores MontegoNet's commitment to developing new products and services in direct response to the needs of our customers," said MontegoNet President Thomas Smith. "At the same time, Steve Marsden will help MontegoNet exploit new business opportunities and expand its market share within the interactive kiosk industry."

Prior to founding Carten Technologies, Mr. Carten was a self-employed R&D engineer. Mr. Marsden, former CartenTech CFO, has previously held a number of positions in business development and portfolio management.

MontegoNet is a full-service interactive kiosk solutions provider based in Portsmouth, RI. MontegoNet offers a wide selection of standard and custom-designed interactive kiosks, kiosk software, custom kiosk application development, remote kiosk monitoring and more. MontegoNet's clients include BankRI, District of Columbia, Fidelity Investments, PepsiCo, Pfizer, Raytheon, State of Illinois, US Air Force, The Washington Redskins and more. For further information about MontegoNet's products and services, call (888) MONTEGO or visit us on the Web at www.montegonet.com.