DALLAS, Dec. 11 /PRNewswire/ -- Edward W. Sample, Chairman and C.E.O. of
Piranha, Inc. (OTC Bulletin Board: BYTE), announced the completion of a
reorganization plan to integrate recent acquisitions, and to prepare for its
proposed 2001 expansion program through further acquisitions and new product
releases.
    "Piranha's management team have just completed a company-wide
restructuring which will optimize our efficiencies and reduce overall annual
expenditures by more than $1,000,000," explained Sample.  "These cost
reductions when added to our recent acquisition of the profitable JJT, Inc.
imaging operation and supported by our increased sales of core Piranha
products and services will allow Piranha to achieve its objective of a
cash-flow positive operation for the first quarter of 2001."

    The key elements of the Piranha reorganization are as follows;

    *  Consolidation of all Dallas based operations into the company's
       Richardson, Texas office located in the heart of the telecommunications
       corridor.

    *  Transfer of the Dallas based Piranha Byte and Piranha Stream product
       development operations to the Company's Grand Rapids, Michigan
       facility.

    *  Integration of the recently acquired JJT, Inc. imaging operation into
       the Company's Impact Solutions organization.  This consolidation allows
       JJT, Inc. to utilize the extensive sales organization and industry
       experience of the Impact Solutions team.

    *  Integration of JJT, Inc.'s science group within the Company's Rogue
       River Software organization.

    *  Consolidation of Piranha, Impact Solutions, Zideo and JJT, Inc. web
       operations to reduce redundancies and duplication of efforts.

    Mr. Sample went on to say, "the Company has been in discussions with
various entities that could add additional positive cash flow to Piranha's
operations should the discussions be fruitful; however, while on-going, there
is no assurance any of these events will be consummated."

    About Piranha, Inc.
    Piranha, Inc., based in Dallas, Texas, provides digital workflow solutions
using its unique data compression technology through its three commercially
available products: Piranha Stream(TM), a real-time streaming video product;
Piranha Net(TM), an image based Web page product; and Piranha Byte(TM), a
publishing and printing product focusing on digital media workflow.  Piranha
products are available on Linux, Windows and Macintosh systems.  More
information is available at http://www.piranha.com .

    About JJT, Inc.
    In 1997, the Library of Congress contracted with JJT Incorporated, a SAS
Institute Quality Partner(TM), to digitize some 300,000 images from
photographic negatives, prints, slides and transparencies.  To successfully
meet the challenge, John R. Stokes and his imaging team developed a
one-of-a-kind digital imaging production system.  Since that time, JJT has
offered Digital Imaging Services, Data Warehouse Applications, Decision
Support Applications, Data Access and Data Management Systems and now, through
their partnership with Piranha, Inc., Data Compression capabilities for
Archival Storage, Workflow Communication and Imaging File Diversification.

    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.

    Please contact
    Edward W. Sample, C.E.O.    Michael DiLorenzo/David McKee
    Piranha, Inc.               Schwartz Communications
    (972) 739-0373              (781) 684-0770
    edsample@piranhabyte.com    piranha@schwartz-pr.com

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