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WKN 164274

EdgeTech Receives Unsolicited Purchase Offer at $1.00/Share

TORONTO, ON, Jul. 31, 2003 (MARKET WIRE via COMTEX) -- EdgeTech Services, Inc. (OTC BB: EDGH), a total business solutions provider specializing in IT security and outsourced services, today announced that it has received an unsolicited offer for the purchase of 90% of all outstanding shares.

We have attached the Letter of Offer and the board will meet to decide on a suitable response within the next week:


HOLLINGSWORTH, ROTHWELL & ROXFORD
Mergers & Acquisitions
7777 N. Wickham Rd. #12-135
Melbourne, Florida, 32940, U.S.A.
Tel: [phone] and [phone]

e-mail: [e-mail]

2 pages sent by fax and e-mail


Mr. Tae Ho Kim, Chief Executive Officer
Mr. Sang Ho Kim, Chairman & President
Edgetech Services Inc.
18 Wynford Dr.
Toronto,Ontario,V1P 1A3
Canada

July 30, 2003

Dear Tae & Sang,

It is with great pleasure that our partnership, Hollingsworth, Rothwell & Roxford ("HRR"), hereby offers to acquire 90% of the shares of Edgetech Services Inc (EDGH.OB) for US $1 a share -- where it traded at earlier this year. Edgetech shares closed yesterday at US 15 cents a share.

Our offer is conditional on: (1) your allowing us to sign a confidentiality agreement with you, in order to be able to do all of our due diligence on your fine Company; (2) you and the entire current management of Edgetech continuing to run the Company as always, and (3) yourpublicly releasing this Letter Offer from HRR in its entirety in both Canada and the U.S. on a national scale in both countries.

Based on the publicly available reports issued by Edgetech, which we have evaluated in depth, as well as our very strong belief that your Company is extremely well managed, with unique businesses and services in IT Security, Biometrics, Business Solutions, Systems Engineering, Software Development and Project Management, and 7 years of continued rising revenues, it is our opinion that the shares of Edgetech Services, are severely undervalued. We wish to acquire only 90% of the Company, in order to keep the shares trading in the markets, to be able to use the stock as a vehicle to make future acquisitions of other undervalued companies, as well as to be able to benefit from your continued success and growth with your business partners, Microsoft, IBM, Symantec, Counterpane, and many others; and your clients, which include major government and private sector clients in Canada and the U.S., such as IBM, Falconbridge, Bell Nexxia, Rogers Telecom, and the Province of Ontario.

Having recently achieved success at enhancing value for Zapata Corporation shareholders, which HRR discovered in early November 2002 at only $22 a share, and made a public offer for it on March 5, 2003 at $45, and then raised our offer on June 13, 2003 to $51, -- Zapata shares have since soared to over $58 a share. It is our intention to achieve the same success for Edgetech Services shareholders as we did for Zapata Corporation shareholders, all of which has been publicly documented.

In addition to the success we achieved for Zapata shareholders, it has also been well documented publicly on March 18, 2003, that HRR filed a shareholder proposal with the SEC on Edgar on March 14, 2003, to enhance shareholder value for Sony Corporation in the form of spin offs of assets, that add up to over $101 a share in value for Sony shareholders, and that had Sony`s Board Of Directors taken our advice and put its shareholders first before its officers and directors, Sony shares would never have dropped so drastically at the end of April 2003 all the way down to $23 a share.

HRR is currently seeking additional affluent partners on a limited basis, in order to make further acquisitions of extremely undervalued companiesworldwide in the near future, like Edgetech Services. If anyone is serious and interested, contact: Hollingsworth, Rothwell & Roxford at: [e-mail].

We look forward to acquiring Edgetech Services at US $1 a share, and in working with the fine management of Edgetech Services to continue seeing its future success.

We eagerly await Edgetech Service`s response to our Letter Offer set forth herein.

Very sincerely,

/s/ Kenneth T. Rothwell


Kenneth T. Rothwell
Senior Partner
Hollingsworth, Rothwell & Roxford

e-mail: [e-mail]

Tel: [phone] or 415-995-2313

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