Celerity Systems Signs Business Development Agreement with Getting Ready Corporation and Declares Stock Property Dividend
Wednesday September 15, 8:00 am ET

KNOXVILLE, Tenn., Sept. 15 /PRNewswire-FirstCall/ -- Celerity Systems, Inc. (OTC Bulletin Board: CESY - News), a business development company focused on providing capital formation, management advice and investments in developing companies, announced today that the Company has signed a business development agreement with privately-held Getting Ready Corporation. Celerity will receive an equity take in Getting Ready under the business development agreement. Getting Ready is a start up that plans to focus on providing comprehensive educational resources, shopping services and wellness programs for American women who are planning to start a family, are pregnant or have recently given birth. Celerity will supply Getting Ready with managerial and financial advice.
Getting Ready plans to operate its services under a single umbrella branded as "Mother Supercare Centers" to be located in highly populated and targeted areas across the United States. After the development and implementation of two model centers and a pilot program, Getting Ready anticipates franchising the "Mother Supercare Center" concept. Sheldon R. Rose, CEO and founder of Getting Ready, stated, "We believe there is a strong need for a new and innovative approach to providing education, health and fitness training, and women's and infants' product merchandising targeted to the universal experience of pregnancy, childbirth and early child care. Our agreement with Celerity should help us accelerate the execution of our business plan. Celerity brings significant experience in managing a public company and should open up additional financial opportunities for us to achieve a national market presence."

Celerity intends to distribute 5% of Getting Ready's outstanding Common Stock, or 3,910,500 shares, to its shareholders as a stock property dividend. Celerity set the record date for the property dividend for October 20, 2004. All shareholders of record as of October 20, 2004 will be eligible to receive the stock property dividend.

Celerity shareholders are expected to receive one share of registered (i.e. "free-trading") Getting Ready stock for approximately every 1,191.779 shares of Celerity stock that they own, based on the existing shares outstanding. The payment date will be as soon as practical after the United States Securities and Exchange Commission declares Getting Ready's SB-2 Registration Statement effective.

Celerity President and CEO Robert Legnosky stated, "We are excited to mark our first business development agreement with Getting Ready. We believe we can assist Getting Ready in developing and implementing Mother Superstores across the United States."

Celerity Systems Announces a 500 Million Share Buyback Program on the Open Market
Wednesday October 13, 8:01 am ET

JERSEY CITY, N.J., Oct. 13 /PRNewswire-FirstCall/ -- Celerity Systems, Inc. (OTC Bulletin Board: CESY - News), a business development company focused on providing capital formation, management advice and investments in developing companies, announced today that the Company's Board of Directors has authorized a plan to buyback up to 500 million shares of Celerity common stock on the open market over the next 12-months.
Celerity President and CEO Robert Legnosky stated, "The initiation of a large-scale buyback program reflects management's belief that Celerity's shares are undervalued in the marketplace, and demonstrates our confidence in our financial outlook and prospects for growth."

Legnosky continued, "With roots in the digital services market, Celerity is successfully transitioning into a business development company. As part of this strategy, we are in the process of completing the divestiture of 100% of our set-top-box business. We are focusing our resources on making investments in developing, high-growth companies that offer the potential to distribute stock property dividends to our current stakeholders. We recently announced our first business development agreement with Getting Ready, and are proud of our accomplishments in the last 12 months."