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  Press Release

FOR IMMEDIATE RELEASE

Self-Service Solutions Leader Netkey Names Jim Perakis Chairman

BRANFORD, Conn. – Jan. 28, 2002 – Netkey, Inc., the leading provider of enterprise software for Web kiosks and self-service systems, today announced that James A. Perakis, former chairman and CEO of Hyperion Software (now Hyperion Solutions Corp., NASDAQ: HYSL), has been named chairman of the board of directors of Netkey. Perakis has served on the Netkey board since October 2001.

Perakis joined Hyperion as chief executive officer in 1985, overseeing that software company's growth from approximately $1 million in revenue to $295 million in 1998. As chairman and CEO, Perakis managed Hyperion through a successful public offering and seven years of profitable growth as a public company. Perakis is a member of the board of the Connecticut Technology Council, where he is active in promoting technology-based industries in the state of Connecticut.

“As a Netkey board member, Jim has quickly made an impact by sharing his advice and experience in the areas of sales, marketing and product direction,” said Alex Richardson, chief executive officer of Netkey. “We’re pleased that he has agreed to take a more active role in the growth and development of Netkey.”

"I'm excited to be working more closely with Netkey's management team," Perakis said. "Netkey is facing a huge market opportunity. As the leader in self-service customer solutions, the company is well positioned to build on its innovative software technology, strong brand, and track record with a large number of blue chip customers. Self service solutions will be a key part of customer interfaces for innovative companies as they develop new strategies for interacting with their customers."

Netkey provides a comprehensive suite of software and services that help business increase revenues and improve customer relationships through self-service channels. The Netkey solution is used by hundreds of leading companies worldwide to transact with and service customers through kiosks and other customer-facing technologies.

About Netkey, Inc.
Netkey is the premier provider of self-service solutions for customer-focused businesses. Netkey's customers include J.C. Penney, Microsoft, Fleet, E*Trade, Borders, Fidelity Investments and Ford. The company holds three U.S. patents for its self-service technology. For more information on Netkey, please contact us at 1-800-443-7924, via e-mail at info@netkey.com, or visit us on the Web at www.netkey.com.

CONTACT:
Penny Crump
Netkey, Inc.
(203) 483-2888 x. 150
pcrump@netkey.com



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