WorldScape Clarifies Relationship with NanoSignal Corporation (NNOS)

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WorldScape Inc. today announced that despite several technical meetings and a negotiated agreement, there remains no formal relationship between itself and NanoSignal Corporation.

July 29, 2004 -- WorldScape Inc. today announced that despite several technical meetings and a negotiated agreement, there remains no formal relationship between itself and NanoSignal Corporation. Despite recent efforts and commitments by NanoSignal Corporation to the program that would provide differentiating performance enhancements to the SLICES application, the negotiations between the companies have not resulted in a funded agreement.

We have engaged in several technical discussions and are well versed and uniquely capable of assisting NanoSignal to achieve the levels of improvement desired for their SLICES application. Despite our desire to work closely with NanoSignal, WorldScape will continue its strategy to engage companies in the medical imaging industry and bring strategic advantage to those companies that adopt solutions based on the Companys technology. WorldScape has demonstrated the highest performance radar processing benchmarks in the world and expects to deliver significant discriminating value to partner companies in the medical imaging industry.

We are hopeful that NanoSignal can consummate a deal under new terms more reflective of the apparent risk, but are engaging other leading players in the industry to realize the significant value for our shareholders. We are very confident that our disruptive technology will create substantial differentiation in this multi-billion dollar industry, added Rogina.

WorldScape, Inc. (www.wscapeinc.com) , a privately held company with offices in New Jersey and California, provides a broad spectrum of products and services related to ultra-high-performance, massively parallel computing technologies. The Company also provides technology development and insertion services for the government and commercial markets with an emphasis on signal and image processing applications.

Company: Dan Poore, EVP, Sales

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