Y3K Secure Enterprise Software reports Pacific Communication Systems acquisition terms

Y3K Secure Enterprise Software reports Pacific Communication
Systems acquisition terms 


BELLEVUE, WA, May 27  /PRNewswire-FirstCall/ -- Y3K Secure Enterprise Software
Inc. (OTC BB: YTHK.OB), an end-to-end unified communications and technologies
company serving the small to medium business and residential markets, today
announced that it has entered into substantive negotiations with Pacific
Communication Systems, Inc., (PCS) for the purpose of completing a definitive
agreement for Y3K's acquisition of PCS a Silicon Valley-based ISP and wireless
technology (WiFi) provider for shares of Y3K's common stock. In addition to the
shares, it is expected that under the terms of the acquisition Y3K will be
obligated to make quarterly capital investments to fund PCS operations over a
one-year period.

When and if the acquisition is completed, Y3K expects to gain PCS's ISP
network, which provides a connection to the public Internet, and its WiFi
expertise. PCS supplies wireless technology services to hundreds of customers,
including commercial buildings, government applications, diversified retail
locations, small businesses and residential complexes. Its major business lines
are: DSL/Broadband connectivity and hosting for small/medium sized businesses;
DSL/Broadband and WiFi services to commercial and residential campuses;
Broadband and WiFi to large enterprises such as national fast food chains; and
technological consulting.

King Cole, president of Y3K said, "PCS's expertise in WiFi is a perfect fit
with Y3K's business strategy to deliver secure voice and document services and
products to the small and medium sized business community. Its acquisition will
extend the range of services we can provide and secures us a new customer base.
We expect that it will have an immediate positive effect on top line growth and
a substantial positive impact in our fiscal year 2005. Importantly, PCS has the
same approach as Y3K to systems design with systems that are easy for customers
to tailor to their needs that are minimally disruptive to customer operations
and require little employee involvement."

William F. Wiles, president of PCS, said, "The PCS Team is very excited about
completing the acquisition as the strength of the combined companies will allow
PCS to aggressively pursue several large multi-location enterprise
opportunities, including a national fast-food chain, that are currently in
discussion. The ability to offer Y3K's suite of services in addition to PCS's
high speed connectivity and WiFi solutions provides a very complete package and
a compelling story."

About Y3K Secure Enterprise Software, Inc. (http://www.ythk.com/)

Y3K Secure Enterprise Software is a provider of end-to-end unified
communication technologies for the small- to medium-business market. Y3K uses
secure next-generation voice services, instant messaging, data transfer,
internet, conference calling and enterprise software to create solutions that
meet the communication needs of today's business world.

Through the integration of web-based telecommunications and cutting edge
software technology, Y3K economically delivers secure unified communication
solutions that break down distance, time and media barriers to allow people to
communicate anywhere, anytime and across multiple mediums. Y3K has offices in
Bellevue and Seattle, Washington.

About Pacific Communication Systems, Inc.

Since 1996, Pacific Communication Systems has provided Internet business
solutions focused on the business professional and corporation Internet access
market. These solutions have been provided to a wide variety of client
environments including commercial buildings, government applications, retail
locations including coffee shops and micro-brew pubs, small businesses and
residential complexes. Building on its high-speed wired and wireless
connectivity that it provides to a broad customer base, PCS has worked with
developers and property management companies to tailor solutions to fulfill the
needs of large commercial and residential sites for both wired and wireless
services. Further, PCS's solutions have been customized to provide added
customer services and enhanced internal communications to large enterprises
such as the fast food industry. With these enhanced solutions and services, PCS
is rapidly becoming recognized as a company that provides reliable full
solutions across all market sectors.

This report includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. The information in this news release includes
certain forward-looking statements that are based upon assumptions that in the
future may prove not to have been accurate and are subject to significant risks
and uncertainties, including statements as to the future performance of the
company. Although the company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance that such
expectations or any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not limited to,
successful performance of internal plans, product development acceptance, and
the impact of competitive services and pricing and general economic risks and
uncertainties.

  For more information, please contact:

  For Y3K:
  --------
  Jennifer Stephens
  Telephone: [phone]
  


  Investor Relations
  ------------------
  Truc Nguyen
  VP, Investor Relations
  Stern & Co.
  Telephone: [phone]
  

  Media Relations
  ---------------
  Stan Froelich
  VP, Media Relations
  Stern & Co.
  Telephone: [phone]
  

DATASOURCE: Y3K Secure Enterprise Software, Inc.



CONTACT: For Y3K: Jennifer Stephens, Telephone: [phone],

; Investor Relations: Truc Nguyen, VP,

Investor Relations, Stern & Co., Telephone: [phone],

; Media Relations: Stan Froelich, VP, Media Relations,

Stern & Co., Telephone: [phone], 

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