E-Rex, Inc. and Valcom Ltd. Announce Dragonfly Prototypes on Target for Beta Testing by March 29, 2002

E-Rex Reserves Exhibit Space for Dragonfly's First Industry Trade Show and Begins Scheduling Demos with Potential Manufacturing and Marketing Partners


MIAMI, Jan. 25, 2002 (PRIMEZONE) -- E-Rex, Inc. (OTCBB:EREX) and Valcom Ltd. today announced that prototypes of the new Dragonfly Information & Document Management Appliance are on target for beta testing beginning March 29, 2002. E-Rex Management recently visited the Valcom development facility in Guelph Canada to confer with the dedicated development team, review progress on prototype construction and finalize production arrangements for the first six prototypes.

"Our engineers have made tremendous progress on the Dragonfly, and we are confident we will be able to deliver these units on time," stated Paul MacPherson, Valcom's President.

E-Rex Management has now begun to schedule demonstrations of the new Dragonfly with potential manufacturing and marketing partners.

"The Dragonfly is the first mobile computing device that is both an information appliance and a complete document management tool. Once potential partners see the Dragonfly, we are confident that they will agree it has an incredible potential for success," stated Carl Dilley, E-Rex President.

The Company has also reserved exhibit space at Planet PDA, the Global Summit On Enterprise & Custom Volume Handheld Solutions. This mobile industry event, targeted specifically at enterprise decision makers, will be held in Boston, Mass. from May 14-16. "We anticipate an excellent reception for our new product at Planet PDA, its thorough conference program and highly-qualified attendees make it the perfect venue to evangelize our unique mobile office solution," stated Mitch Ackles, E-Rex's Corporate Communications Director.

E-Rex Accepted into Microsoft Mobile Solutions Partner Program

E-Rex has been accepted into The Microsoft Mobile Solutions Partner Program, a worldwide initiative designed to help companies develop cutting-edge solutions using Microsoft Mobile Software, and successfully bring these solutions to market. The MSPP is designed to provide partners marketing and technical resources to help drive demand for innovations and to build exposure to prospective new customers.

About Dragonfly

The Dragonfly is the first mobile device that is both an information and document management appliance. Powered by an Intel StrongARM processor and Microsoft's Pocket PC operating system, Dragonfly is designed to fit in a stand-alone unit about the same size and weight of a laptop computer. Users will have mobile access to email, the Internet, and be able to print, fax, copy, utilize all of the Pocket PC functionality including Word, Excel and Outlook, and scan all from one device. In addition, the Dragonfly will be connectable to PDA's and desktop computers for use as an external peripheral device.

About E-Rex, Inc.

Headquartered in Miami, E-Rex Inc. is a technology company dedicated to designing and the future production of stand-alone peripherals and direct Internet access products, both cellular and satellite. Further details on the company and its products can be found at http://www.e-rex.net.

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. E-Rex, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.



            

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