My Docs Online Receives Strategic Investment From PSINet Ventures

Investment to Provide My Docs Online With Broader Access to Corporate Users

Naples, FL. - August 2, 2000 - My Docs Online, Inc., a pioneer in Web-based wireless file access and messaging services, received its first round of venture funding from PSINet Ventures Ltd., the corporate ventures unit of PSINet Inc. (Nasdaq: PSIX), the Internet Super Carrier. My Docs Online will use the investment for further development of services designed to meet the "anywhere, anytime, any device" file access and wireless messaging needs of mobile professionals, workgroups and businesses.

"Our goal is to invest in and partner with companies whose innovative technologies are capable of enhancing PSINet's competitive advantage," said PSINet Ventures Director Steve Szczypinski. "My Docs Online has developed a strong ASP solution that combines virtual Internet drive technology with wireless access from Palms, Internet phones, and interactive pagers like the RIM Blackberry."

"PSINet's investment in My Docs Online provides us with a wealth of benefits," said Steve Dempsey, President of My Docs Online, Inc. "We can draw on their expertise to aid in our development and delivery of 24X7 accessible virtual drive and wireless messaging products that today's mobile professionals and businesses demand."

About My Docs Online
My Docs Online, Inc. is a leading provider of virtual drive and wireless messaging technology, offering a secure Web-based service for storing, accessing and delivering files on the Internet. Focusing on the needs of mobile professionals, workgroups, and businesses, My Docs Online delivers "anywhere, anytime, any device" file access. My Docs Online enhances the messaging capabilities of wireless devices, including Palms, RIM Blackberry interactive pagers and WAP-enabled smartphones through partnerships with OmniSky, AvantGo, Palm.net, and WAP phone vendors. For more information or to register for your free My Docs Online account, visit www.mydocsonline.com, call toll free (888) 686-1181, or send an e-mail to info@mydocsonline.com.

About PSINet Ventures
PSINet Ventures is the wholly owned corporate ventures unit of PSINet Inc. The ventures unit partners with innovative Internet entrepreneurs through direct minority equity investments during early- and mid-stage financing. The unit focuses globally on application service providers (ASPs), content providers, e-commerce providers, Internet infrastructure providers, and other emerging opportunities that enhance PSINet's financial and competitive technology and service positions while accelerating the development of new technology.

Headquartered in Ashburn, Va., PSINet is an Internet Super Carrier offering global e-commerce infrastructure and a full suite of retail and wholesale Internet services through wholly owned PSINet subsidiaries. Services are provided on PSINet-owned and operated fiber, satellite, web hosting and switching facilities providing direct access in more than 900 metropolitan areas in 29 countries on five continents. PSINet information can be obtained by e-mail at info@psi.com, by accessing the web site at http://www.psinet.com or by calling in the U.S. (800) 799-0676.

My Docs Online is a registered trademark of My Docs Online, Inc. All other trademarks and registered trademarks are the property of their respective owners.