MyCasa Network Raises $3.25 Million to Develop Internet Based Digital Services for the Home.

(Palo Alto, CA- Jan 28, 2002) - MyCasa Network Inc., a company that develops and licenses Internet based digital products and services for the home, announced that it has raised $3.25 million in its first institutional equity financing round led by Enel Capital, the venture investment arm of Enel SPA (NYSE:EN; Milan:ENEL) a major European electrical utility company.

"We are excited to announce that a world-class utility company such as Enel is leading our second round of financing," stated Marco Graziano, President and CEO of MyCasa Network. "It is very gratifying to be selected by Enel because our technology provides utilities and service companies with products that can extend significantly their reach into innovative home automation value-added services."

"MyCasa Network's approach to home automation sets it apart from virtually all other companies that have tried to homestead this market," said Jim Forbes, DEMO 2002 Executive Producer. "MyCasa Network is a good example of a next-generation start-up with tremendous potential for financing and success."

At Demo 2001 MyCasa demonstrated a first prototype of devices and services that used the company's technology.

Founded in January 2000 and based in Palo Alto, California, MyCasa Network closed its first round of financing in the second quarter of 2000 with private investors such as successful technology industry veterans Giacomo Marini (Co-Founder of Logitech and Cirlab!) and Enzo Torresi (Venture Capitalist, partner MyQube).

MyCasa Network partners with home automation companies, structured wiring companies, Internet service providers and utilities to deliver solutions to private residences and office buildings.

About MyCasa Network

MyCasa Network develops hardware and software products that enable Internet-based digital services for the home. Services include remote control and monitoring of homes from Internet enabled devices such as mobile phones, PDAs and PCs. The offering is composed of a suite of web-based software for the delivering and provisioning of monitoring and control services, a low-cost service gateway to be installed at the end-users' premises, customization and management services. The MyCasa residential gateway is an inexpensive Internet appliance that connects in a secure way the service data center on the Internet with everyday devices, including home appliances, monitoring cameras and wireless sensors. The Echelon (Nasdaq:ELON) Lonwork protocol and other industry standards such us X10 are used on the powerline interface.

Broadband Internet access to the home and wide availability of Internet access on mobile phones and handheld devices are two major trends creating opportunities for new e-services and applications. MyCasa Network is addressing the emerging market for home automation e-services that become technically feasible and economically viable by combining broadband and wireless access to the Internet.

Further information can be found at http://www.mycasanetwork.com

About Enel

Enel SPA is engaged in the generation, transmission, distribution and supply of electricity in Italy. Its net electricity production in 2000 was 182.5 TWh, an increase of 2.1% from 1999. The Company's most significant business outside of its core electricity operations is WIND. WIND provided integrated fixed-line and mobile telephony services to approximately 5.1 million customers in Italy and had approximately one million registered users for its Internet access services.