October 14, 2003

Fairfax, VA

ActioNet, Inc. today announced that it ranked #87 on the 2003 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1998-2002. ActioNet grew 4406 percent during this period.

ActioNet’s CEO, Ashley Chen, credits our strong focus on customer service and constantly exceeding expectations with the company’s 4406% revenue growth over the past five years. Chen said, “As a small business, we go the extra mile to get the job done. Our foundation is the quality of our people and the commitment they bring to our organization and to our customers.”

“Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector,” said Mark A. Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “We congratulate ActioNet on becoming one of the 500 fastest growing technology companies in North America.”

In addition to ranking on the Deloitte Technology Fast 500, ActioNet ranked #5 on the Virginia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Virginia.

Fast 500 Selection and Qualifications

The Fast 500 list is compiled from Deloitte’s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues.

Entrants must also be public or private companies headquartered in North America and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

About ActioNet, Inc.

ActioNet, Inc., headquartered in Fairfax, Virginia, is a leading information technology services provider specializing in Software Development, Systems Integration, Training and Information Technology Security.

ActioNet, Inc. was founded by Ashley W. Chen in 1998 with the vision of “helping customers align their IT strategies with their business goals”. Following her lead, ActioNet has maintained a corporate philosophy of:

Building long-term relationships with clients by providing the highest quality services.
Encouraging employee learning and self-improvement, giving each dedicated employee the chance to grow with ActioNet.
Keeping ActioNet’s standards high through teamwork and commitment to quality.
ActioNet is currently in the process of obtaining a CMM Level 3 certification, expected in November 2003 with a plan to migrate to the newer CMMI in 2004. ActioNet also intends to pursue the ISO 9001 certification. We are strong believers in process improvement so we can better serve our customers.

Contact:

Ashley W. Chen, ActioNet, Inc., 703-204-0090 Ext. 108, achen@actionet.com.

About Deloitte

Deloitte, one of the nation’s leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for six consecutive years. “Deloitte” refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the US member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu” or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte’s web site at www.deloitte.com/us.

Deloitte Technology, Media & Telecommunications (TMT) Group

The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications client.