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FREMONT, Calif.--(BUSINESS WIRE)--July 1, 2004--BiTMICRO® Networks, a pioneer in intelligent flash IDE/ATA, SCSI, USB, VME, PMC, CompactPCI, FireWire, Ethernet, and Fibre Channel solid state storage solutions, and Wells Fargo Financial Leasing, Inc., a subsidiary of Wells Fargo & Company, jointly announce the launch of the BiTMICRO Lease Program.

Available to US-based companies, the BiTMICRO Lease Program offers leasing as a financing option for business enterprises who want to take advantage of BiTMICRO's industry-leading E-Disk® solid state disk, network storage and file cache solid state storage solutions. Leasing offers several benefits, such as:

• Fixed payments - Your customer can avoid the uncertainty of variable (floating) interest rates typical of bank financing.
• Tax benefits - Leasing may offer a variety of tax benefits (consult your tax advisor for complete details).
• Preserve credit lines - Borrowing from a bank shrinks credit lines. Leasing ensures that credit lines remain free for profitable expansion in other areas.

"We are glad to be working with BiTMICRO® Networks in conceptualizing and implementing the BiTMICRO Lease Program," says Wells Fargo Financial District Sales Manager Craig Creamer. "With more than 25 years of experience in the financial services industry, our company is committed to providing a wide range of leasing options enabling the industrial and enterprise sectors to upgrade to a state-of-the-art storage system without disrupting their budgets," Creamer adds.

"The BiTMICRO Lease Program is expected to speed up the adoption of E-Disk® solid state flash disk as an industry-standard solid-state storage solution for enterprise and industrial applications," states Jake Pasion, Director of Sales of BiTMICRO® Networks. "Small- and medium-sized enterprises can now avail of the latest in non-volatile solid-state storage technology, while large companies can scale up their storage networks to meet rapidly expanding data storage requirements," Pasion adds.

For more information about the BiTMICRO Lease Program, visit http://www.bitmicro.com/services_lease.php.

For E-Disk® solid-state disk drive technology information, pricing and availability, call +1 510-74E-DISK / +1 510-743-3475, e-mail info@bitmicro.com or visit http://www.bitmicro.com.

About BiTMICRO Networks

BiTMICRO® Networks, a privately held California corporation, is the leading provider of rugged and high performance non-volatile solid state disk, flash disk drive, and network storage and management solutions. E-Disk® storage solutions are offered with SCSI, IDE/ATA, Fibre Channel and VME interfaces in 2.5-inch and 3.5-inch hard disk drive footprints, 6U board, and 19-inch rack mount configurations scalable up to several terabytes of pure solid state storage.

E-Disk® and BiTMICRO® are registered trademarks of BiTMICRO Networks, Inc. Others are trademarks of their respective companies or other countries. High-resolution photo images of BiTMICRO's product line are available at http://www.bitmicro.com/press_multimedia.php.

Media Contact:

Jun Alejo
Tel: (510) 623 2341
E-mail: jun.alejo@bitmicro.com

Sales Contact:

Tel: (510) 743 3475
E-mail: info@bitmicro.com