FOR IMMEDIATE RELEASE

iQstor Signs Reseller Agreement with Skyway Technologies

Skyway to leverage integrated SAN solutions from iQstor
expanding iQstor’s presence in Asia

Newbury Park, CA – March 11, 2003 – iQstor Networks, Inc.™, developer of integrated Fibre Channel Storage Area Network (SAN) solutions, announced that it recently signed a master reseller agreement with Skyway Technologies, Ltd. to resell, service and support its full line of integrated SAN solutions in Hong Kong, Japan, China, Taiwan, Singapore, Malaysia, Thailand, South Korea and India. This agreement provides Skyway with access to iQstor’s growing partner program, which includes training, configuration tools and incentives for rolling out cost effective SAN solutions for the regional small to mid-sized businesses (SMBs).

“With this agreement we have access to iQstor’s full line of automated storage solutions,” said Bart Sin, Skyway’s General Manager. “Our customers are demanding enterprise-level data services features such as storage virtualization, snapshot, mirroring, remote replication, and policy based storage provisioning that are cost effective. With the iQ1000 and its integrated data services storage management software, we can now configure and deliver SAN solutions that meet these pressing customer requirements.”

The rapid growth and expanding data storage requirements of the Asia Pacific (APAC) market, together with the move to storage networks, has created a need for storage specific integration and professional services. Skyway is addressing this emerging need by offering independent storage integration and consulting services through its team of experienced storage consultants and sales professionals to serve this region.

iQstor has embedded storage management and data services into the storage processors, allowing their SAN solutions to reduce the workload of storage administrators at small and mid-size enterprises and optimize their storage resources, increasing productivity and reducing operating costs. iQstor is committed to making enterprise level data services features affordable for the small and mid-size market, enabling storage administrators to benefit from greater ease of integration and improved cost-efficiencies as they manage their storage growth requirements.

“The small and mid-size market segment is underserved by existing storage solutions, and to satisfy the storage requirements of the SMBs we are partnering with experienced resellers that have focused entirely on this segment,” said Jason Lo, president and CEO of iQstor Networks. “iQstor’s SAN products combined with our enterprise-level data services features will enable Skyway to offer the capabilities of many vendors’ “point” solutions in one unified offering.”

About iQstor Networks, Inc.
A privately held company, Newbury Park, CA-based iQstor launched in January 2002. The company’s core management team possesses more than 50 collective years storage industry expertise in engineering, product development, global management and marketing. The iQstor vision is to embed expertise into the storage subsystem that significantly reduces the workload of storage administrators in small and mid-size environments. These automated tools can manage ever-increasing amounts of data as well as the different storage policies that each company maintains. The ultimate goal is storage that is intuitive to use and scales without disruption. For more information on iQstor, visit the company’s web site at www.iqstor.com.

About Skyway Technologies, Ltd.
Based in Hong Kong and with offices in mainland China, Skyway Technologies Limited is a storage solution provider offering cost effective high quality information technology consulting, systems design, development, and implementation services to clients in Hong Kong and China. Skyway’s system integration services address storage consolidation, data protection, ease-of-use and reduced total cost of ownership (TCO). For more information on Skyway, visit the company’s web site at www.skywaytech.com.