Notify Technology Announces a Reduction in Force

SAN JOSE, CA – August 28, 2002 Notify Technology Corporation (NASDAQ: NTFY), announced today that it had a reduction in force (RIF) of nine employees or approximately 28% of its work force. The RIF primarily affected the Company's new wireless business unit. The wireline business unit of the Company, which has recently experienced improved sales, was unaffected by the RIF.
"Although we have reduced our current level of investment in our wireless business unit, our core research and development staff will continue to develop and improve our new wireless products," said Paul DePond, the company's Chief Executive Officer. "These changes will allow the Company to work toward overall financial stability while affording the wireless business unit with the additional time for market adoption of its new products."

Notify Technology Corporation
Founded in 1994, Notify Technology Corp, (NASDAQ: NTFY) Notify Technology is an innovative communications company offering wireless and wireline products and services. Notify Technology is quickly becoming a leading consumer, SOHO, and Enterprise environment provider of mobile wireless software and services for Over-The-Air synchronization and management of email and PIM (contacts, calendar, tasks) independent of device and network. Notify's wireline solution provides consumer voice mail notification to customers of CLECs in multiple states. The company is headquartered in San Jose, California. For more information, visit www.notifycorp.com or contact 408-777-7920.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
The statements in this press release regarding the market adoption of our wireless products and our obtaining financial stability are forward-looking statements based on current information and expectations. Achievement of the results projected above is subject to a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from those projected are: failure or interruption of third party services; interruption in the manufacture of product; cancellation or delay in our underlying voice mail program; market acceptance of the product; actual level of operating expenses; or compatibility of software solutions with certain networks or 2way wireless devices.

For more information concerning these and other possible risks, please refer to the company's Form 10-KSB filed on December 28, 2001, filings on Form 10-QSB and other filings with the Securities and Exchange. These filings can be accessed over the Internet at www.sec.gov # # #
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Contacts:
Media:
Edward R. Toro
Notify Technology Corp.
(408) 777-7929
etoro@notifycorp.com
Investor:
Matthew Hayden (for Notify Technology Corp.)
Hayden Communications, Inc.
(843) 272-4653
matt@haydenir.com





©2004 Notify Technology Corporation. All Rights Reserved.

 

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