The Amanda Company Announces Joint Development of GPS 'U'Track Product For Automobile, Security, Insurance Industries

    IRVINE, Calif., Sept. 4 The Amanda Company
(OTC Bulletin Board: PENC), headquartered in Irvine, Calif.,
(http://www.taa.com ), a leading supplier of call processing software and
systems for industry-standard PC platforms, today announced an agreement with
RGAP Innovation, Inc., to develop a tracking product combining significant
technologies that have already been developed by the two companies.
    The companies are developing the Amanda.Portal."U"Track.  It will
integrate RGAP's Global Positioning System and wireless GSM and CDMA
technologies with Amanda's Internet and Public Switching Telephone Network and
Unified Messaging-Communication content.
    The product has entered alpha testing with an estimated release date in
the fourth quarter of 2001.  The product will be useful to the automobile,
trucking, security, insurance industries and consumers allowing a customer to,
for instance, ascertain the location of his car by simply dialing a number.
    "This joint development creates significant revenue opportunities for both
companies.  Our entrance into the telematics market will create recurring
revenue streams for our companies and will increase our top and bottom lines.
This also signals the expansion of our product line from the small B2B segment
to the enterprise and consumer sectors," said Jose M. Candia, President and
CEO of The Amanda Company.
    "The integration of the two systems will create a powerful product.  We
are finalizing now the support infrastructure for the service and will be
marketing it," said Renato Giordano, Ph.D., President and CEO of RGAP
Innovation.  "We are very excited about the first product we have developed
with The Amanda Company and look forward to many more to follow."
    RGAP Innovation, Newport Beach, Ca., a private company, is dedicated to
software, hardware and applications innovation in the electronics industry.
Its most recent product is a non-intrusive guitar synthesizer for the music
industry.
    The Amanda Company, Irvine, Ca., is a convergence and innovation
technology company with roots in the voice-processing space.  The Amanda,
principal software product, is a client server telephony enabled software
solution optimized for Microsoft's Windows operating systems.  Utilizing the
worldwide switched public telephone network and both Intranet and Internet
computer based technologies, Amanda seamlessly integrates the computer and the
telephone enabling the PC to be the communications medium.  The Amanda Company
currently has a network of 550 dealers that resell the Amanda Company line of
products to the small business market.  The Amanda software product has been
sold to more than 55,000 small business users.
    (The statements contained in this news release that are not purely
historical are forward-looking statements that may involve risks and
uncertainties.  The Company's actual results may differ significantly from the
results contained in the forward-looking statements.)

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