NetImpact Holdings, Inc. Signs $10,000,000 Investment Agreement

NetImpact Holdings, Inc. Signs $10,000,000 Investment Agreement



LAS VEGAS, Feb. 16  /PRNewswire-FirstCall/ -- NetImpact Holdings, Inc. (Pink
Sheets "NTHD") announced today it has entered into an investment agreement with
ProVision Capital Group (PCG) for a $10,000,000 investment to be paid in twelve
equal installments. NetImpact will use the funds to complete the final
repackaging design and initial manufacturing of the various models of the
NeuroWave Therapy 4000 drug and chronic pain device. Under the terms of the
agreement, PCG will invest $10,000,000 in NetImpact (NHI) and its wholly owned
subsidiary, NeuroWave Therapy International, Inc. (NTII) for working capital.
Under the terms of the agreement, NHI and NTII are not required to provide PCG
with any equity.

Once the NWT 4000 devices are repackaged, NetImpact and NTII will initially
focus on sales in the nine S.E. Asian countries (Thailand, Singapore,
Philippines, Hong Kong, Japan, Vietnam, Cambodia, Laos and South Korea); and
finalize agreements with NetImpact associates working closely with NTII to open
markets in South America and Eastern Europe. NetImpact and NTII are in the
process of setting up business relationships in these areas to get the NWT 4000
devices to market.

The funds will be used to enhance and develop newer models of the NWT 4000
device for each of the five major groups of treatment (Chronic Pain, Drug
addiction, Opiate addictions, Alcohol addictions and Tobacco addictions).
NetImpact and NTII will finalize the enhancement, design and manufacturing of
the NWT 4000 using a team comprised of NetImpact, NTII and NetImpact's selected
manufacturer, ESP Seattle and their design-engineering subcontractor.

ESP Seattle working under the direction of NTII will perform the re-design
engineering, manufacturing, product packaging for NTII deployment to S. E.
Asia. They are equipped with a state-of-the-art facility and employ a very
experienced staff to support NetImpact and NTII. For more details on ESP
Seattle go to their web site http://www.espseattle.com/.

Chad Smith, NTII's President, stated, "We are very excited about the
opportunity to move this product to market in the next few months. We will be
establishing international distributors over the next few months to facilitate
distribution of the NeuroWave products to market. Any firms and/or individuals
interested in further exploring this opportunity with NTII should send their
qualifications to NTII specifying the specific international area(s) they have
experience and success taking products to market." He went on to state, "For
those parties interested in this opportunity, they should send their request
to: NeuroWave Therapy International, Inc.; 7390 W. Sahara Ave., Las Vegas, NV
89117. NTII will initially focus on the international markets and determine at
a later date when they will pursue FDA approval for the US market."

NeuroWave Therapy has been researched and validated at some of the most
prestigious medical facilities in existence, including the Marie Curie Research
facility in London.  The current NHI/NTII treatment device, known as the NWT
4000 is non-invasive, portable, about the size of a Walkman radio, with leads
that attach behind the ear at the mastoid process.  The device is battery
operated for mobility, very easy to program and monitor, and is totally
pre-programmed and automated for the entire term of treatment (4 to 10 days). 
The device emits current measured in very small milliamps undetectable by the
patient.  The technology has been designated as a "Non-Significant Risk" by the
U.S. Food and Drug Administration and has proven many tests conducted by NTII
to have no appreciable negative side effects in many successful years of use
under controlled medical supervision of treatments.

The technology of NeuroWave Therapy has evolved from use of electro-acupuncture
as analgesia.  NeuroWave Therapy now involves the use of a complex combination
of waveforms and frequencies to effect the functioning of the brain and nervous
system through external stimulation that has resulted in many successful
treatments of patients with various Chronic Pain ailments and others with mild
to severe Addictions.

This is a very easy product to use for self-treatment and can improve the
quality of life for users of the product afflicted with Chronic Pain or
Addictions listed above.

NetImpact is a fast growing company specializing in improving the delivery of
healthcare for developing countries, worldwide productivity improvement;
applications development, and bringing new technologies to market.

The statements in this release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. NetImpact
Holdings, Inc. intends that such forward-looking statements be subject to the
safe harbors created thereby. These forward-looking statements include
predictions, estimates and other statements that involve a number of risks and
uncertainties any, or all, of which could cause actual results to differ
materially from any future performance suggested herein.  While this outlook
represents NetImpact Holdings, Inc.'s current judgment on the future direction
of the business, such risks and uncertainties may individually, or mutually,
impact the matters herein described, including but not limited to product
acceptance, the economy, competition, governmental actions, results of
litigation, technological and/or other factors, which are outside the control
of NetImpact Holdings, Inc. as well as those risks and uncertainties detailed
in the Company's Security and Exchange Commission filings.

   Contact information:

   NHI/NTII    - Rod Felton or Chad Smith - 702-255-2177
   PCG         - Terrance Redd - 323-937-7888
   ESP Seattle - Tom Girard - 206-575-4044


DATASOURCE: NetImpact Holdings, Inc.



CONTACT:  Rod Felton or Chad Smith, both of NHI/NTII, [phone]; or

Terrance Redd, PCG, [phone]; or Tom Girard, ESP Seattle,

[phone]



Web site:  http://www.netimpact.com/

http://www.espseattle.com/ 

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