EREX-"The Dragonfly" (fka EREX)

[jmhollen]

E-Rex, Inc.'s Flagship Product Enters Beta Phase; The First Wireless- Ready Windows Powered Device with Built-in Color Printing, Copying, Faxing and Scanning Capabilities Will Be Aimed at Growing Audience of Mobile and Remote Workers


MIAMI, May 3, 2002 (PRIMEZONE via COMTEX) -- Today E-Rex, Inc. (OTCBB: EREX)
announced that Dragonfly, the first wireless-ready handheld PC and document
manager, has entered the beta testing phase. The device is a complete portable
office platform with the ability to connect to the Internet, e-mail, color print
on plain paper, copy, fax, and scan all from a stand alone unit about the same
size and weight as a laptop computer. Dragonfly is the first portable device
that integrates the Microsoft Windows CE 3.0 operating system with an Intel
mobile processor and bubble jet printing technology.

Dragonfly was developed for E-Rex by Valcom Limited, a Guelph, Canada-based ISO
9001 approved and ICSD security cleared facility that performs research and
development and custom design for a broad range of communications, electronics,
meteorological, data acquisition and electro-mechanical, systems, equipment and
components. "Now that we have completed the prototype and launched the beta
program we are hoping for a positive reception when we attend the unit's first
public demonstration at Planet PDA later this month," stated Paul MacPherson,
Valcom's President.

"The demand for tools that enable fingertip access to information for people
working outside of traditional offices is growing rapidly. The ability to manage
information at the point of activity can provide companies with distinct
competitive advantages. Portable printing, scanning, and faxing solutions
empower the mobile worker by giving them the means to output that information
when and where they need it," stated Carl Dilley, E-Rex President.

Dragonfly is designed to be compatible with a variety of networks, programs, and
external devices. Dual PCMCIA slots, serial, parallel, USB, infrared ports, and
a CF Type II expansion slot enable immediate compatibility with existing Wi-Fi,
Bluetooth, GSM and CDMA expansion cards, giving users access to multiple
wireless networking options. Dozens of vertical and horizontal software
applications are presently available for Windows-powered devices and more are
being developed every day. In addition, Dragonfly is connectable to external
devices, like notebooks, PDAs, and mobile phones providing complete mobile
document management capabilities for those units.

According to research firm IDC, in the U.S. the number of mobile and remote
workers will reach 55 million by 2004, in Western Europe 27 million and Latin
America 17.4 million. Dragonfly is aimed at this growing audience.

"The introduction of Dragonfly, E-Rex's new portable office, signifies the
delivery of yet another unique, innovative Windows-powered device," said Scott
Horn, director, Embedded and Appliance Platforms Group, Microsoft Corp. "By
designing a solution that combines the rich Windows CE 3.0 operating system with
the innovative integration of mobile and color printing technology, E-Rex is
delivering to its customers access to information any time, anywhere and from
any device."

The new prototype will first debut publicly at Planet PDA, a mobile industry
event to be held in Boston, Mass. from May 14-16. E-Rex President Carl Dilley is
an invited speaker at this year's show and will be presenting on the subjects of
Expanding The Functionality Of The PDA Platform and Removable Media, Standards
and Available Options.

"Now that Dragonfly has entered the beta phase, we are actively seeking a
complementary manufacturing and marketing partnership to help us bring our
unique solution to market," stated Carl Dilley, E-Rex President.

The All-New E-Rex.net

E-Rex, Inc. recently launched an entirely new Website at http://www.e-rex.net.
The new site, designed by E-Rex Consulting, contains all of the latest
information about the Company and Dragonfly.

About E-Rex, Inc.

Headquartered in Miami, E-Rex, Inc. is a technology company dedicated to
designing and the future production of stand alone user-friendly portable
devices and direct Internet access products targeted at mobile enterprise users.

About Dragonfly

The Dragonfly wireless-ready handheld PC and document manager combines the
latest technology with the office tools today's business users require, all in a
stand alone unit about the same size and weight as a laptop computer. Users can
access the Internet and e-mail, color print on plain paper, copy, fax and scan,
all from one portable device.

A 206 MHz Intel StrongArm processor running the Windows CE 3.0 operating system
powers the Dragonfly. Onboard it has 32 MB of upgradeable SDRAM and can
accommodate high-speed Flash RAM from 48 to 440 MB. The keyboard is two-thirds
of a full-size keyboard, and the display is a touch-sensitive color TFT. The
unit houses color-printing technology and a fully functional fax, copier,
scanner and 2 PCMCIA slots, serial, parallel, USB and infrared ports.

Product or service names mentioned herein are the trademarks of their respective
owners.

This press release may contain forward-looking information within the meaning of
Section 27A of the Securities Act of 1933 or Section 21E of the Securities and
Exchange Act of 1934 and is subject to the safe harbor created by these
sections. E-Rex, Inc. assumes no obligation to update the information contained
in this press release. Certain information included herein may contain
statements that are forward-looking, such as statements relating to plans for
future expansion and other business development activities as well as operating
costs, capital spending, financial sources, and the effects of competition. Such
forward-looking information is subject to changes and variations which are not
reasonably predictable and which could significantly affect future results.
Accordingly, such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company.



KEYWORDS: HARDWARE, COMPUTERS


CONTACT: E-Rex, Inc., Miami

Mitch Ackles, Corporate Communications Director

[phone]

[e-mail]