@HAND CLOSES $18.7M FUNDING FOR WIRELESS SOFTWARE INFRASTRUCTURE FROM INDUSTRY LEADERS OAK INVESTMENT PARTNERS, AUSTIN VENTURES, NOKIA VENTURE PARTNERS AND OTHERS

PC Expo, NY (June 28, 2000) - @hand, a leading provider of software infrastructure for mobile enterprise applications, today announced the closing of its first institutional and venture funding round for $18.7 million. The investment represents validation by industry leaders of the value the @hand platform brings to the growing number of companies seeking to rapidly develop, deploy, manage and evolve applications for mobile workforces using wireless and handheld devices. Investors include Oak Investment Partners, Austin Ventures, Nokia Venture Partners and Broadview Associates. @hand will use the funds to further develop and promote its suite of products that enable businesses to extend existing information systems into the hands of their mobile workforce.

@hand's venture capital partners recognized an opportunity to invest in a leader in the mobile marketplace. "@hand's innovative solution provides an excellent opportunity for corporations to empower their mobile workforce with applications and associated data whether connected, disconnected or intermittently connected," said Ann Lamont, General Partner of Oak Investment Partners. "Now that mobile has proven itself as a major market trend, the time is right for a platform specifically designed for these enterprise mobile applications. @hand is already positioned where the market is headed."

Nokia Venture Partners is a leader in wireless investment and a seasoned veteran of wireless technologies. "It is clear that the market is shifting more and more towards mobile technologies," stated John Gardner, partner at Nokia Venture Partners. "This is one of the most complete solutions we have seen for enabling intelligent handheld devices within the mobile enterprise."

"We are very excited to secure these world-class investors," said Marc Lurie, CEO of @hand. "Oak Investment Partners, Austin Ventures and Broadview bring tremendous expertise in managing high-growth businesses that drive industry standards. In Nokia Venture Partners, we found a partner who sees the value of @hand's platform and its strength to address the mobile applications market. Fortune 5000 businesses will now have an easy to use and powerful platform enabling them to leverage mobile applications across the entire scope of their enterprise."

One of the major challenges facing companies today is how to leverage huge investments in their existing information systems by extending those systems into the hands of their mobile employees in the performance of their jobs. The @hand Mobile Application Environment? significantly increases deployment speed and flexibility for companies seeking to create mobile applications. The @hand environment includes a rapid application development capability, a powerful administration console for remote deployment and centralized management, and a transaction-based framework for integrating with back-end systems. These combined features translate to a fully-managed mobile computing infrastructure, which transforms mobile applications from concept to deployed reality.

About @hand
@hand solves the challenges of extending enterprise functionality to mobile workers by providing a completely and integrated software platform to develop, deploy, manage and evolve mobile applications for mobile application development, deployment, evolution and management. The @hand Mobile Application Environment enables rapid, flexible creation of applications for occasionally connected mobile devices, bringing the power of enterprise computing to the mobile workforce. Privately held, @hand has investments from Nokia Venture Partners, Oak Investment Partners, Austin Ventures and Broadview Associates. @hand was founded in 1998 by Marc Lurie and Mike Loos, experienced veterans of Web, mobile and enterprise software. @hand is headquartered in Austin, Texas, and can be reached at 512.231.9993 or via the Web at www.hand.com.

About Nokia Venture Partners
Nokia Venture Partners is a leader in wireless investments. Nokia Corporation has committed US$150 million to the fund with the intent to gain exposure to markets and technologies beyond the reach of Nokia's current business unit strategies. Nokia Venture Partners seeks partnerships with leading edge wireless technology companies targeting high-growth market opportunities. Nokia Venture Partners has a strong track record of leveraging the firm's combined resources, experience and contacts to help build successful businesses. For more information, please visit www.nokiaventurepartners.com.

About Oak Investment Partners
Oak is a classic venture capital firm that funds high-growth entrepreneurial ventures and assists in guiding them to industry leadership. Over the last 20 years, Oak has actively participated in the repeated waves of innovation that have swept through our economy. Oak companies are notable contributors to innovation in the IC, PC, Networking, Specialty Retail, Biomedical, Wireless, Enterprise Software and Internet industries. www.oakventures.com

About Austin Ventures
Austin Ventures is the largest venture capital firm in Texas and among the largest in the U.S., with more than $1.6 billion of capital under management. The @hand investment is the most recent company to be funded by Austin Ventures through their Communications practice area, a core focus of the firm's investment strategy. Other portfolio companies in Austin Ventures' Communications area include: Crossroads Systems, Agere, Chorum Technologies and Vectris, among others. www.austinventures.com

About Broadview Associates
Broadview is a leading global investment bank focused on the IT, communications and media industries worldwide. Over the last 27 years, Broadview has grown to become the world's largest M&A investment bank of its kind, operating across the United States, Europe and Asia. Combining a powerful mix of people, insights, industry knowledge and access plus transaction expertise, Broadview enables clients to capitalize on forces of change and realize opportunities for maximizing shareholder value. www.broadview.com

@hand and Mobile Application Environment are trademarks or registered trademarks of @hand Corporation in the United States and foreign countries. All other referenced trademarks belong to their respective owners.