RICHARDSON, Texas, June 27 /PRNewswire/--
Piranha, Inc. (OTC Bulletin Board: BYTE) today announced that it is
investigating certain financial irregularities within the Company.  The
investigation centers on certain loans to a director and former officer that
appear to be undocumented and made without the prior approval of Piranha's
Board of Directors.
    As a result of the investigation, Piranha has secured the resignation of
Richard S. Berger as its Chief Financial Officer.
    If confirmed, these financial irregularities could result in the need to
revise earlier reported audited and unaudited financial results for the year
ended December 31, 2000.
    The Board of Directors is conducting the investigation with the assistance
of outside counsel, Robert A. Forrester.  Mr. Forrester has engaged the
accounting firm of Killman, Murrell & Co. to assist in the investigation.
    Edward W. Sample, Chairman of the Board of Directors, stated, "Piranha is
firmly committed to completing a thorough, expeditious investigation.  Piranha
will take all appropriate actions necessary based upon the results of this
investigation and will promptly notify shareholders of the outcome."

    Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Included in this press release are certain "forward-looking"
statements within the meaning of the Securities Act of 1933, as amended.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, actual results may differ
materially from those anticipated in the forward-looking statements as a
result of certain factors including sales levels, retention, competition
trends, and other market factors.  This announcement does not constitute an
offer of any securities for sale or a solicitation of an offer to buy any
securities.

     Contact:
     Piranha, Inc.
     Edward W. Sample, CEO
     972-739-0373
     edsample@piranha.com

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