e-Net Inc. Issues Statement Regarding Share Price And Activity

GERMANTOWN, Md., Sept. 8 /PRNewswire/ -- e-Net Inc. (Nasdaq: ETEL) today issued a statement regarding the recent price decline and increased trading activity in the shares of its common stock, responding to numerous requests from its shareholders.

-- The Company said it believed the trading activity is largely a matter

of stock market dynamics. Among the factors that the Company believes

may influence trading in its stock are the relatively small number of

shares available for sale, the opinions of equity research analysts,

and the registration of approximately 1 million securities primarily

associated with the previously announced April 1998 private placement

of common shares. This Registration Statement on SEC Form SB-2A was

declared effective by the Securities and Exchange Commission on Friday,

September 4, 1998, and contains a complete and current statement of the

Company's business, operations, and financial and other matters.

-- The Company also cited the recent overall decline in the stock market

and, more specifically, the decline in the value of shares of companies

involved in the Internet, especially those involved in Internet

telephony, as other possible contributing reasons for the recent

trading activity. The Company said it is still in the early stage of

development, and thus the Company believes that its valuation has been

based on expectations rather than its current fundamentals. The

Company said that it will not comment on matters of stock market

dynamics, but will continue to focus on, and issue appropriate

announcements that relate to, the core of the company's activities: the

development, production, marketing and sale of technology that allows

voice communications to be transmitted over data networks.

-- The Company said that it remains optimistic about the quality and value

of its technology and the prospects that a substantial market will

emerge for that technology. The Company said that it has consistently

declined to make any projections as to revenues or earnings because

both the technology and the market are still in the process of

emerging. In this context, the Company believes that any attempt to

make public projections would put the Company's credibility at risk.

-- The Company re-articulated its former and current priorities. It said

that its first priority was to develop its technology, protect its

intellectual property, create and release products based on its

technology, and enter into relationships with other companies to

advance those goals. Its second priority was to improve its financial

condition with more capital. The Company said it has addressed both

priorities in a way it considers appropriate for its current stage of

growth, and that it currently has a strong cash position and no debt as

reflected in its public filings. It also said that coincident with the

release of its results for the quarter ended March 31, 1998, and again

at the time it announced results for the quarter ended June 30, 1998,

it clearly identified the ramp-up of sales as its most important

priority, and that it continues to work aggressively in that regard.

e-Net, Inc. is a recognized leader in developing, marketing, and supporting open telecommunications software and associated hardware that enable local, national, and international telephone communications, information exchange, and network optimization.

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation reform Act of 1995. The words "estimate," "project," "intend," "expect," "believe," and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission.

SOURCE e-Net Inc.

     -0-                             09/08/98 

/CONTACT: Media: Paul D. Feldman, 410-571-8900 or FelCom@AOL.com; or Investor: Doug Poretz, 703-506-1778, ext. 222, or doug@poretz.com, both for e-Net/

/Web site: http://www.datatelephony.com/

(ETEL)

CO: e-Net Inc. ST: Maryland IN: CPR SU:

JO -- DCTU022 -- 8330 09/08/98 10:00 EDT http://www.prnewswire.com