Proxity Sells All of Its Internet Operating Assets

NEW ORLEANS--(BUSINESS WIRE)--May 24, 2004--Billy Robinson, CEO of Proxity Digital Networks, Inc. (Pink Sheets:PDNW - News), announced today that all of the internet operating assets have been sold. The game and web operating systems were sold to Plus Media, Inc. and the web management tools and ISP assets of Neighborhood Access Corp. and GoEZ were sold to Belvedere Holdings LLC. The transaction was a combination of cash and debt assumption. This allows Proxity and its subsidiaries to focus 100% on the security technology products and shed these marginal and time consuming assets. About Belvedere Holdings, LLC The primary business of Belvedere operates as E Performance Group, (EPG). EPG is an Internet-based content management tools system operating in a world-class Linux server environment. EPG's two key products are a series of Engines that help, for example, newspaper and magazine publishers, on-line retailers, professional offices such as attorneys or chiropractors, as well as restaurants, manage and update their own websites. The company has co-developed from a Beta-portal platform called the Digital Asset Information System, or Daisy* for short, with patents pending. Daisy* is a web-based tool that automatically helps performing artists, producers, and end users to create a virtual TV-station picking their own programs. EPG also hosts over 100 client sites. About Plus Media, Inc. Plus Media is a new media consulting company offering comprehensive strategic, creative and technology services. The company's fusion of engineering and creative design is the foundation of its mission to deliver high-end digital media and marketing solutions tailored to meet the unique needs of leading corporations and businesses. At the forefront of technology, Plus Media provides a broad range of new media services from graphic design to interactive user interfaces, online games and dynamic database and ecommerce solutions. About Proxity Digital Networks Proxity Digital Networks, Inc. is a developmental holding company specializing in the deployment and integration of security protection technology and government contract fulfillment. The Company seeks to acquire and develop security technology. Proxity plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense. http://www.proxity.com This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Contact: Proxity Digital Networks, Inc., New Orleans Billy Robinson, 504/524-5425 Fax: 504/524-5424 http://www.proxity.com or Belvedere Holdings, LLC Robert Jennings, 877/815-7555 Fax: 714/751-3557 http://www.eperformancegroup.com or Plus Media, Inc. Stefan Kosel, 305/567-0066 Fax: 305/538-7328 or For Proxity: Emerson Gerard Associates Jerry Jennings, 561/881-7318 Fax: 603/806-8508 mediareply@egaplus.com