For Immediate Release

RippleImpact Announces Partnership with SBC Communications, Inc.

October 6, 2001, Redondo Beach, CA - RippleImpact is proud to announce the recent partnership with SBC Communications Inc.

SBC Communications is a leader in worldwide telecommunications specializing in various services and products, including the research and development of telecommunications technology; voice and data telephone services; local and long-distance wireless communications; high-speed Internet access and data transport; networking; e-business; voice mail; and directory advising. SBC offers their expertise in the telecommunication field through their trusted brands -- SouthwesternBell, Ameritech, Nevada Bell, Sterling Commerce and Pacific Bell.

"We are very excited to be affiliated with a company that offers their services to more that 87.3 million subscribers," voiced Jenny M. Sakhrani, CFO of RippleImpact. "The telecommunications field is a fast growing field and having the benefits of partnering up with the leading global telecom company would highly benefit our clients."

RippleImpact is a software development company focusing on custom software application and enterprise technology solutions. It is a subsidiary of Philosopher's Stone Ventures and is based in Southern California. As a partner of SBC Communications, RippleImpact will benefit from having ties to the largest global telecommunications company and utilize their services for development of their clientele.

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.