FOR IMMEDIATE RELEASE

iQstor to Discuss Current Enterprise-Level Data Services Options,
Future Strategies for Small to Mid-Sized Businesses in
Virtualization Panel at the Storage World Conference

iQstor CTO Joins Panel of Executives to Explore
“What Comes Next” for Virtualization on May 7 at 2 p.m. in Anaheim

Newbury Park, Calif. – May 5, 2003 – iQstor Networks, Inc., developer of integrated Fibre Channel Storage Area Network (SAN) solutions, announced that Jonathan Kong will be discussing current realities and future paths of virtualization for small to mid-sized businesses in a panel session at the Storage World Conference on May 7, 2003.

The panel, part of the two-day conference that brings together IT professionals, resellers, and leading vendors in the storage industry, will explore the next phase of virtualization and the benefits it can bring to a wide range of storage technologies. Moderated by industry veteran Marc Staimer, the interactive session will feature executives from leading storage networking companies that includes DataCore, FalconStor, INRANGE, StoreAge, and SANRAD, in addition to iQstor’s Jonathan Kong.

“Virtualization has become an overused term and has led to widespread confusion,” Staimer said, “and this panel will explore what comes after virtualization as a solution for managing storage networks. Although normally discussed in the context of SANs, storage virtualization has a much broader appeal in the total storage infrastructure – applying to DAS and NAS topologies as well -- and we intend to explore the current and future advancements that can take virtualization to the next level.”

“This panel promises to be a highly interactive session, and I’m looking forward to previewing our storage virtualization strategy as well as discussing storage network management with the panelists and storage administrators attending SWC,” said Jonathan Kong, vice president and CTO of iQstor Networks. “Storage administrators are looking for a single platform that integrates all data services and storage management functions, and the ability to create intelligent solutions with these new, single platform solutions will simplify complex and repetitive tasks and increase productivity.”

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 -- storage virtualization, snapshot, mirroring, remote replication, and policy-based storage provisioning -- 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 virtualization panel is scheduled for May 7 at 2 p.m. in the Marina Ballroom at the Disneyland Hotel in Anaheim, Calif. iQstor executives will also be available to answer any additional questions and showcase new Fibre Channel storage technology for small to mid-sized businesses (SMBs) in Booth 218 at the event.

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.