Ecuity Establishes Corporate Financial Advisory Board Founding member named to the SEC Advisory Committee on Small Public Companies BELLEVUE, WA, March 9 /PRNewswire-FirstCall/ -- Ecuity, Inc., (OTC BB: ECUI.OB), a leading enhanced Voice over Internet communications company serving the small-to-medium business and residential markets, today announced the formation of its new Corporate Financial Advisory Board. The Corporate Financial Advisory Board will guide the company's efforts in raising capital, evaluation of funding opportunities, financial resources allocation, and overall financial structure and development. The founding members of the board are James A. "Drew" Connolly III, President, IBA Capital Funding, Perrineville, N.J; Gary Fowler, former chief financial officer of Expediters International of Washington, Inc.; and Shane Smith, Chairman of the Board of Directors of Ecuity, Inc. Mr. Connolly has just been named by U.S. Securities and Exchange Commission Chair William H. Donaldson to the 21-member SEC Advisory Committee on Smaller Public Companies. The SEC is establishing the advisory committee to examine the impact of the Sarbanes-Oxley Act and other aspects of the federal securities laws on smaller companies. Mr. Connolly is a founding member of the CEO Council, an organization of executives of smaller public companies. Mr. Connolly is a third generation Wall Street professional with over 25 years experience as a capital formation specialist with smaller public companies. Mr. Fowler brings to the board over 20 years of senior-level financial and accounting management experience in rapid growth and/or changing environments, from startup/early-stage to large multi-national corporations. During his tenure as chief financial officer with Expeditors International of Washington, Inc., he led the company through an IPO and a revenue increase from $1.5M to $451M annually. The company was named to "The Inc. 100 Fastest- Growing Small Public Companies" and "Forbes 200 Best Small Companies". Prior to his work at Expeditors International, Mr. Fowler spent nine years at the large national accounting firm of KPMG LLP, where he was a Senior Manager in the audit division. He was member of KPMG's Professional Practice Review Committee, with primary focus on SEC-reporting companies. Mr. Fowler has also been named as the acting chief financial officer for Ecuity Advanced Communications. "We are very pleased and excited to have Drew Connelly and Gary Fowler assist us in forming the first of several advisory boards," stated Shane Smith, Chairman of the Board, Ecuity, Inc. "We are also gratified that Gary Fowler is joining us as a consultant as the acting CFO of our operating subsidiary company, Ecuity Advanced Communications. As we continue the transition from a development stage company to a mature operating entity, we are honored to attract industry professionals such as Mr. Connelly and Mr. Fowler." As a result of its success in delivering cutting edge Voice Over Internet Protocol (VoIP) services to customers nationwide, Ecuity's subsidiary Ecuity Advanced Communications was named to the 2004 "pulver 100" - which is the VoIP industry's premiere listing of companies that represent the future of the communications industry. Ecuity is the first facilities-based carrier to offer complete business- class VoIP services, including a "soft phone" and VoWiFi both nationwide and internationally - with quality equal to or better than traditional phone service at significant cost savings. Ecuity provides residential and business class VoIP, broadband services, technical support, centralized billing and superior customer service. It offers both Centrex call features and traditional equipment based PBX call services. About Ecuity, Inc. (http://www.ecuityinc.com/) Ecuity is a provider of end-to-end unified communication technologies for the small- to medium-business market. Ecuity 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. As a facilities-based carrier, Ecuity has operated as a traditional telephone company for 17 years, providing service to thousands of customers in the Northwest. Through the integration of web-based telecommunications and cutting-edge software technology, Ecuity 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. Ecuity has offices in Bellevue and Seattle, Washington. 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 Ecuity: Jennifer Stephens Telephone: (206) 210-5033 Investor Relations Truc Nguyen VP, Investor Relations Stern & Co. Telephone: (212) 888-0044 Media Relations Stan Froelich VP, Media Relations Stern & Co. Telephone: (212) 888-0044 DATASOURCE: Ecuity, Inc. CONTACT: For Ecuity: Jennifer Stephens, Telephone: (206) 210-5033, ; Investor Relations: Truc Nguyen, VP, Investor Relations, Stern & Co., Telephone: (212) 888-0044, ; Media Relations: Stan Froelich, VP, Media Relations, Stern & Co., Telephone: (212) 888-0044,

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