Monday December 10, 11:12 am Eastern Time

Press Release

SOURCE: Planet Zanett, Inc.

Planet Zanett Acquires Profitable Boston-based IT Consulting Firm

Back Bay Technologies Joins Planet Zanett IT Commonwealth

NEW YORK--(BUSINESS WIRE)--Dec. 10, 2001--Planet Zanett, Inc. (NASDAQ: INCU -
news), a New York based IT services aggregator today announced the acquisition
of Back Bay Technologies, Inc., a technology consulting firm serving blue-chip
corporate clients in the New England region.

Back Bay has experienced explosive growth since its inception and expects to
achieve over $1,000,000 in net income for the calendar year 2001.

Back Bay Technologies, Inc. (http://www.backbaytechnologies.com) was founded in
1997 by Marc Maselli and Curtis Stevenson, former consultants with Accenture
Ltd (NYSE:ACN - news). Back Bay Technologies provides J2EE-compliant consulting
services to Fortune 500 companies, with a concentration within the financial
service industry. Marc Maselli, President of Back Bay Technologies Inc., stated,
``We are extremely pleased to be joining the Planet Zanett team. Their
Commonwealth model allows culturally unique and client-centric companies like
Back Bay to derive the benefits of scale, while preserving their individual
identity and core strengths. Planet Zanett will manage certain corporate
services for Back Bay, which will allow us to remain focused on our mission of
bringing value to our clients.''

According to Claudio Guazzoni, President of Planet Zanett, ``Back Bay
Technologies has demonstrated an ability to generate profits in all types of
economic conditions. Their core skill sets and high margins typify the kind of
performance we seek within the Planet Zanett IT Commonwealth.'' Planet Zanett
CEO David McCarthy elaborated on the benefits of aggregating profitable,
specialty IT firms within a public company by noting, ``Being part of a publicly
traded company will give Back Bay the stature to attract, motivate and retain
key employees. Public equity ownership is just one of the ways Planet Zanett is
committed to providing for the common wealth of its staff and shareholders.''

About Planet Zanett, Inc. (www.planetzanett.com)

Planet Zanett is an industry consolidator led by a group of investment
professionals who, since 1991, have formed and consolidated businesses around
cutting-edge internet, wireless, optical, and telecom technologies. Planet
Zanett partners with the owners of profitable companies to identify highly
fragmented markets and then orchestrate a platform for consolidations.

Planet Zanett's management team has been instrumental in the success of a number
of young technology companies including Robotic Vision Systems, Inc (NASDAQ:
ROBV - news), SmartServ Online (NASDAQ: SSOL - news), YouthStream Media
Networks, Inc (NASDAQ: NETS - news), and FiberNet Telecom Group, Inc (NASDAQ:
FTGX - news).

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the
Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements relate to, among other things, future events or
Planet Zanett, Inc.'s future financial performance. In some cases, you can
identify forward-looking statements by terminology including, but not limited
to, ``may,'' ``will,'' ``could'', ``should,'' ``expects,'' ``plans,''
``anticipates'' ``believes,'' ``estimates,'' ``projects,'' ``predicts,''
``potential'' or ``continue'' or the negative of such terms or other comparable
terminology. These statements include, but are not limited to, statements
regarding: the expected benefits of the acquisition such as efficiencies, cost
savings, market profile and financial strength, and the competitive ability and
position of the combined company. These statements involve, among other things,
known and unknown risks, uncertainties and other factors that may affect Planet
Zanett, Inc.'s or its industry's actual results, levels of activity, performance
or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by such forward-
looking statements. Actual events or results may differ materially. In
evaluating these statements, you should consider various factors, including the
risk that Planet Zanett, Inc.'s and Back Bay Technologies, Inc.'s businesses
will not be coordinated and integrated successfully, and disruptions from the
acquisition will make it more difficult to maintain relationships with clients,
lenders, employees, suppliers or other constituents. For a discussion of
additional factors that could cause Planet Zanett, Inc.'s results to differ
materially from those described in the forward-looking statements, please refer
to Planet Zanett, Inc.'s filings with the Securities and Exchange Commission,
including, but not limited to, the sections titled ``Special Note Regarding
Forward-Looking Information'' and ``Management's Discussion and Analysis of
Financial Condition and Results of Operations -- Risk Factors'' in Planet
Zanett, Inc.'s 2000 Annual Report on Form 10-K and ``Special Note Regarding
Forward-Looking Statements.'' These factors may cause Planet Zanett, Inc.'s
actual results to differ materially from any forward-looking statement.

Contact:

     Planet Zanett, Inc., New York
     Claudio Guazzoni, President
     David McCarthy, CEO
     212/980-4600
     corprelations@zanett.com