ROCKY MOUNT, N.C.--(BUSINESS WIRE)--July 27, 2004--Roanoke Technology Corp. (OTCBB:RNKE - News) is pleased to confirm that satisfactory progress is being made with the $12 million debt financing being pursued with the new lending source.

It is now appropriate, therefore, to confirm that though the source of the $12 million financing has changed, the previously declared policy of utilizing up to $2 million of these funds for stock buy back remains firm and fully primed for prompt implementation.

Roanoke Tech C.E.O., Mr.. David Smith commented: "As I said previously, I intend to personally supervise the stock buy back to ensure maximum value is obtained. Furthermore, at the time of buy back I intend to implement other strategies to hopefully reduce significantly the ``shorting'' of our stock that appears to have increased of late."

Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Contact:

Sussex Avenue Partners LLC Associates, Carlsbad, Calif.
John Hicks, 760-918-5592

Source: Roanoke Technology Corp.

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Due Da Due......But Be Quick About It!!!!!

Wid ma mind on ma money an' ma money on ma mind!!!