News Release

NewAge Systems Inc. in New Jersey Fast 50 for 3 Years in a Row!

Princeton, August 15, 2002 - NewAgeSys is ranked 45th in the 2002 list of the New Jersey's Fastest growing Technology companies. This is the third year in a row that NewAgeSys figures in the coveted list. The New Jersey Technology Fast 50 identifies the 50 fastest growing technology companies in New Jersey based on 5-year growth. Ray Lewis, Technology, Media & Telecommunications Partner (New Jersey) for Deloitte & Touche said: "In an era where technology companies come and go, making the Deloitte & Touche Fast 50 is a testament to a company's vision that allows growth over a five-year period. NewAgeSys, Inc. has proven that its leadership has the right stuff for growth, and we at Deloitte & Touche salute their accomplishments."

About NewAgeSys, Inc.

Founded in 1994, NewAgeSys is one of the premier providers of Information Technology Solutions in the United States, offering IT services to Fortune 500 companies. Headquartered in Princeton, New Jersey, NewAgeSys is operating nationwide with services performed onsite, offsite and offshore. NewAgeSys offers complete project life-cycle services - from System Study to application design, development, implementation, documentation and training including project management. Strategic alliances with leading software vendors ensure that NewAgeSys' customized solutions are dependable. NewAgeSys is known for solving business problems with cost effective technical solutions and exceeding its customer's expectations.

For Further information, please contact Johny John at 609-919-9800 x824 or visit us at http://www.newagesys.com