DENVILLE, N.J., May 17 /PRNewswire-FirstCall/ -- UCA Services, Inc. (UCA), a wholly owned subsidiary of NetFabric Holdings, Inc. (BULLETIN BOARD: NFBH.OB) and a leading technology integration solutions provider today announced that it has recently entered into an alliance with KeyTone Technologies Inc., a leading RFID solutions company, to provide RFID enabled asset tracking solutions to the financial industry.

UCA and KeyTone will enable customers to improve asset visibility by tracking various IT assets in their enterprise and provide reports that will help them improve asset utilization and provide insight into asset inventory, their usage patterns and any compliance violations. Additionally the RFID Asset Tracking Solution will help financial companies comply with fixed asset accounting regulations of Sarbanes-Oxley. The solution is scalable and flexible providing customers with a phase wise implementation approach to adopting RFID for asset tracking.

The partnership between UCA and KeyTone provides for UCA to promote RFID enabled asset tracking software developed by KeyTone and for KeyTone to provide UCA the service opportunities resulting from KeyTone implementations in the Financial vertical.

"UCA's partnership with KeyTone is part of a strategic move to cater to the real time asset tracking and management needs of our wide network of enterprise customers in the financial vertical," said Fahad Syed, CEO of UCA." The partnership has already gained momentum with a pilot project recently kicked off at a Fortune 500 Financial Company using KeyTone Asset Tracking Platform and Motorola RFID hardware.

"Tracking IT assets accurately for compliance and audits has always been a challenge for financial companies. Our relationship with UCA will open new opportunities for KeyTone in the financial market," said Edwin Winder, EVP of KeyTone. "We now have the capability to implement the solution end-to-end that will enable our customers to leverage RFID to maximize the use and security of all their IT assets."

About NetFabric Holdings Inc.

NetFabric provides IT Solutions and Services to a prestigious list of Fortune 500 companies with a specialty in mission critical applications and services for the financial services industry. NetFabric's wide range of services and solutions includes designing and developing software applications, taking ownership of outsourced business processes, managed services, and building integrated infrastructure systems. Enterprise clients rely on NetFabric to pull together the right products and services required as solutions to meet their technology needs while delivering the most efficient and cost effective solutions on time and within budget. For more information about NetFabric, please visit its website at http://www.netfabric.net/

About KeyTone Technologies Inc.

KeyTone delivers end-to-end RFID solutions by leveraging its software applications platforms and its experience in "making RFID work". KeyTone' solutions enable companies to create and sustain superior performance by improving visibility, agility and efficiency. KeyTone' unique platforms simplify RFID adoption by ensuring ease of implementation, operation, and rapid return on investment. Headquartered in Santa Clara, California, KeyTone has a dynamic partner community and strong client base in CPG, Manufacturing, Financial Services, Aerospace & Defense. For more information, visit http://www.keytonetech.com/

Safe harbor for Forward-Looking Statements:

The foregoing contains "forward-looking statements," which are based on management's beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside NetFabric's control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see NetFabric's filings with the Securities and Exchange Commission. NetFabric disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of NetFabric.

All trademarks, trade names, service marks and logos referenced herein belong to their respective companies.

CONTACT: Vasan Thatham of NetFabric Holdings, Inc.,
+1-973-887-2785, Ext 3365

Web site: http://www.netfabric.net/
http://www.keytonetech.com/