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FOR IMMEDIATE RELEASE
Contact: John Richardson, CEO, CIMNET Inc.
(610) 790-1800 x1807, johnr@CimnetInc.com
Invensys Agrees to Acquire CIMNET
Wyomissing, PA, May 3, 2007
Invensys Systems, Inc., a subsidiary of Invensys, PLC, and CIMNET®, Inc. (OTCBB: CIMK) announced today that they have signed a definitive agreement to merge CIMNET into Invensys in an all-cash transaction. Invensys is offering to purchase CIMNET for $2.43 per share, valuing the transaction at approximately $23.2 million plus the assumption of existing debt.
John Richardson, CEO and founder of CIMNET commented, "We are extremely pleased to report the pending merger with Invensys. The combination of CIMNET's Factelligence software with the customer base and distribution network of Invensys will greatly enhance the solutions provided to new and existing customers of both companies. We expect a very strong and positive response from our customers."
The merger is subject to the approval of the holders of a majority of CIMNET's voting stock and other customary conditions. The proposed transaction is expected to close this summer. Certain CIMNET stockholders (including certain officers and directors), representing approximately 51% of the CIMNET's voting stock have agreed to vote their shares in favor of the transaction.
CIMNET stockholders will be able to obtain copies of these documents when they become available together with other documents filed with the SEC, free of charge, through the web site maintained by the SEC at www.sec.gov.
Stockholders can also obtain, free of charge, copies of the proxy statement when it becomes available, together with any other documents CIMNET has filed with the SEC, by directing a request to CIMNET, Inc, 925 Berkshire Boulevard, Wyomissing, PA, 19610, attention Investor Relations, telephone: (610) 790-1800.
CIMNET and its directors and executive officers may be deemed to be participants in the solicitation of proxies from CIMNET's stockholders in favor of the adoption and approval of the merger agreement and approval of the transactions contemplated thereby, including the merger. Investors and stockholders may obtain additional information regarding the interest of the participants from the proxy statement, which may be obtained as and when set forth above.

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