WorldScape Repays First Institutional Debt

December 15, 2004

WorldScape, Inc. announced today that it has repaid its first institutional debt. The unsecured one-year note was provided via a private financing arm of a national investment bank. "This is an important milestone in the growth of our Company," said Peter Rogina, Chief Executive Officer. "WorldScape's continued success will be fostered by ongoing revenue growth and our ability to attract and secure capital into the Company. Our ability to meet our obligations builds credibility for future financing events." Since the repayment of the note the Company has successfully raised new financing in excess of the principal amount of the original note.


WorldScape Inc. and its wholly owned subsidiary, WorldScape Defense Company, LLC develop and deploy Scalable Processing Platforms based on advanced massively parallel computing technologies. WorldScape has offices in New Jersey and Northern California. For more information on WorldScape visit www.wscapeinc.com