XANBOO & H.I.T. FORM JOINT VENTURE TO MARKET XANBOO TECHNOLOGY AND SERVICES IN CENTRAL & SOUTH AMERICA.
 
 

January 21, 2002

Xanboo, a technology company in New York, and H.I.T., a telecommunications company with offices throughout Central and South America recently agreed to a joint venture to market Xanboo's technology and services.

"Xanboo is excited about the relationship and confident that the addition of an established telecommunications company like H.I.T. will expedite the expansion of our technology to security, cable and additional telecommunication OEM customers throughout the region," said Bill Diamond, President at Xanboo. H.I.T.'s relationship with most of the telephone, cable, security, and energy companies will facilitate introductions and product integration with next generation broadband services throughout the region.

ABOUT THE XANBOO INTERNET HOME MANAGEMENT SYSTEM

The Xanboo Internet Home Management System allows individuals to remotely view and control their homes or small business from anywhere, anytime, via the Internet - providing numerous services such as Home Monitoring and Security, Energy Management, Appliance Control and Diagnostics and Home Automation.

The Xanboo system includes compact color video cameras with built-in motion detectors, as well as a range of sensors and control devices that are installed and activated through a consumer's PC, residential gateway, or application specific Xanboo gateway product. Xanboo will also be publishing development specifications for third party device manufacturers to "Xanboo-enable" virtually any device that contains electrical components to allow it to be remotely accessed and controlled from anywhere in the world. Users access their system through a secure, password protected account on the Xanboo Web site (www.xanboo.com), an affiliate Xanboo partner site (www.telco.com) or via a WAP enabled cellular phone. These interfaces allow users to monitor their homes or businesses, turn air conditioners or lights on or off, open and shut garage doors, see when their children get home from school and much more.

ABOUT XANBOO

Xanboo, Inc. designs and engineers all Xanboo Home Internet Management System hardware and software, including video cameras, sensors, and control devices. Xanboo is headquartered in New York City where its executive management team leads the marketing, sales, software and Web site design and engineering divisions. ABOUT H.I.T. Hyette Intercontinental Telecom, Inc. (H.I.T.) was founded with the purpose of providing enhanced international telecommunications services to large International Corporations around the world. The company can be characterized as a value-added, facilities based network provider. H.I.T. takes advantage of the deregulating international marketplace through the employment of state-of-the-art technology, mainly using Worldcom telephone technology and GlobalOne Internet technology. H.I.T. employs over 150 professionals in five Latin American nations (Costa Rica, Panama, Colombia, Venezuela and Brazil).