Features - Financial Plays Of The Week:

STORAGE AREA NETWORKS RECEIVES ORDERS FROM NEW FED CLIENTS

Storage Area Networks has announced that it received significant orders from two new Federal Agency clients. In combination, the orders received in December total more than $5 million.

The company expects most of this revenue should be recognized in the current quarter.

John Jenkins, CEO SANZ said: "As we outlined in earlier communications, we have continued to invest in extending our base of federal business throughout 2002. We can now point to solid success of those efforts as the receipt of these two orders brings us to a position of significant engagement with three new agencies in 2002.

"In addition, we have been advised that we are the designated recipient of a number of additional project awards that currently are awaiting Congressional action on the General Government Budget Resolution."

Jenkins added: "We have very good momentum in the federal sector as we enter 2003. In addition to these new clients, we expect good business flow from our legacy federal accounts and are currently working several additional new and substantial opportunities."

About SANZ

SAN Holdings, through its subsidiary Storage Area Networks Inc, provides total data storage solutions, including solutions customized to a customer's needs, integrated storage appliances, and storage management services. SANZ maintains operations in Arizona, Colorado, Connecticut, Massachusetts, New Jersey, Ohio and greater Washington, DC.

For additional information, contact Hugh O'Reilly, senior vice president, at 203-838-9888 or horeilly@sanz.com. For investor relations information, contact Ronald Both of Liolios Group Inc, 949-574-3860 or ron@liolios.com. Learn more about the company on the World Wide Web at www.sanz.com.