For Immediate Release

RippleImpact Accepted into IBM NetGeneration Incubator Program

June 1, 2001, Redondo Beach, CA - RippleImpact, announced that it has joined forces with IBM as part of its Incubator Program. The IBM NetGeneration Incubator Series focuses on partnering with leading incubators to offer customized products, services and solutions to Internet business developers and startups.

"This program is designed to provide us with all of the hardware, software, education and hosting tools we need to launch our portfolio companies' into the marketplace," noted Jenny M. Sakhrani, CFO of RippleImpact and champion of the partnership. "Since we have been working with IBM, we've gotten access to opportunities and solutions that can really benefit our portfolio companies' efforts."

The program provides products and services that are tailored for incubators, including special licensing agreements, software and hardware, and hosting services, as well as education and certification opportunities.

RippleImpact joined the program along with companies such as Accenture and SoftBank. The company is a division of Philosopher's Stone Ventures, a growing and highly innovative technology incubator and is also parent company to Grayhat Security, an Internet Security company providing security solutions and secure network services administration.

For media information, contact:
Brenda Harris
RippleImpact
Telephone: (310) 316-3100
Fax: (310) 316-9500
media@rippleimpact.com
http://www.rippleimpact.com

RippleImpact is a software development division focusing on custom object oriented applications and enterprise internet software solutions. It is a division of Philosopher's Stone Ventures, a high technology incubator based in Southern California.