BELLEVUE, WA, Feb. 21 /PRNewswire-FirstCall/ - Y3K Secure Enterprise
Software, Inc., (OTC/BB: YTHK), an end-to-end unified communications and
technologies company announced today the signing of a Memorandum of
Understanding to integrate its IP voice telephony services and products with
the Powerline Communication products of Vancouver B.C. based Corinex
Communications Corporation. Corinex is a leading developer and manufacturer of
powerline-based connectivity products distributed in North and South America,
Europe, Asia and Australia. The MOU provides for joint marketing by Corinex
and Y3K of innovative VoIP communication solutions to their business and
residential customers       world-wide.
    "The combined Y3K and Corinex product offering will exploit the emerging
market opportunity for wired and wireless IP-based telephony and data
services. Included in the product portfolio will be the hardware and software
needed to implement an integrated powerline-to-wireless-to-coax communication
solution for both residential and business environments. Coupled with our VoIP
and ICS (Integrated Communication System) platforms, it offers a complete loop
of secure data and voice communications to cost-effectively and innovatively
meet the needs of residential and business customers," stated Jon Schnelz,
Vice President of Technology for Ecuity Advanced Communications, a subsidiary
of Y3K.
    "With business and residential customers world-wide, this agreement with
Corinex represents a significant sales and marketing channel for our
residential and small-to-medium business customers," said Frank Maros,
President of Ecuity Advanced Communications. "We are excited to further
develop this partnership in the coming months."
    "We were looking for a company we could partner with that was very
advanced in the IP telephony market space and found that with Ecuity. By
adding Ecuity's Internet voice products to our devices it will allow users the
portability to use their local telephone number anywhere in the world at a
very low cost, stated Eric Barker, COO of Corinex Communications." Corinex
products are easy to use, flexible and provide technology infrastructure
enabling fast deployment of VoiP services without need of structured cabling.
Corinex technology has been successfully installed in major hotel chains as
well as award winning installations in educational markets such as the highly
innovative Powerline & CableLAN networked school in Madeira, Portugal (Escola
Basica e Secundaria de Machico), where over 2500 students and teachers now
have Internet access in every classroom.
    The Corinex product family vastly simplifies distribution of data, audio
and video within premises utilizing existing electrical wiring to achieve
speeds of up to 14 Mbps for wired networks and up to 11Mbps for wireless
network applications. The joined offering will enable the partners to provide
customers with IP telephony products and a complete technology infrastructure
enabling use of existing electrical wires in premises as the physical
connection. Every electrical outlet in the users' home or office becomes a
network access or distribution point ready for IP telephony service of Ecuity.
    Y3K anticipates a development timeline of five months leading to a launch
of an integrated VoIP distribution solution in the third quarter of 2004.

    About Corinex (http://www.corinex.com)

    Corinex Communications Corp. is the leading manufacturer of Powerline
networking products. Corinex's Powerline networking products enable the
transmission of all forms of digital data over a premise's existing electrical
and coaxial cables, and via wireless access points, at speeds of up to 14
Mbps. Corinex's "HomePlug Certified" Powerline products (Ethernet, USB, &
CableLAN adapters; Wireless Access Points; Routers; Open Powerline Management
software; and Diagnostic Kits) meet stringent safety and regulatory
requirements in each of the 33 countries where they are sold, by more than 45
distributors and resellers and a growing number of retail outlets. Corinex
Powerline products are ideally suited for networking applications in
homes/small offices, enterprises, schools, hospitals, hotels, and historical
buildings. Corinex's Powerline networking products are currently undergoing
trials with leading MSOs and ISPs such as Bell Canada, Bell South, British
Telecom, Comcast, Deutsche Telecom, France Telecom, Hughes Networks, Italian
Telecom, Rogers Cable, Shaw Cable, SBC and Telus as well as leading hot spot
installers. Corinex provides integrated, end-to-end connectivity solutions
that meet the diversified needs of its customers over a common IP-based
technology platform.

    About Y3K Secure Enterprise Software (http://www.ythk.com)

    With corporate offices in Bellevue, Washington, Y3K has emerged as one of
the few providers of complete end-to-end unified communication technologies
for the small to medium business market. Y3K economically delivers secure next
generation voice services, instant messaging, data transfer, long distance
plans, conference calling, internet services, WiFi solutions, and enterprise
software packages designed to meet the communication needs of today's business
world.
    Through the integration of web based telecommunications and cutting edge
software technology, Y3K's unified communication solutions break down
distance, time and media barriers to allow people to communicate anywhere,
anytime and across multiple mediums.
    Perfectly suited for today's geographically diverse workforce, Y3K's
unified communication solutions and software technologies allow businesses to
work smart, without barriers.

    This report includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. The information in this news release includes
certain forward-looking statements that are based upon assumptions that in the
future may prove not to have been accurate and are subject to significant
risks and uncertainties, including statements as to the future performance of
the company. Although the company believes that the expectations reflected in
its forward-looking statements are reasonable, it can give no assurance that
such expectations or any of its forward-looking statements will prove to be
correct. Factors that could cause results to differ include, but are not
limited to, successful performance of internal plans, product development
acceptance, and the impact of competitive services and pricing and general
economic risks and uncertainties.

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