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                                                                    EXHIBIT 99.1

AUGUST 30, 2001
K2 DIGITAL COMPLETES TRANSACTION WITH INTEGRATED INFORMATION SYSTEMS

K2 Digital, Inc., a strategic digital services company, announced today that it
had completed on August 29, 2001 the closing under a purchase agreement with
Integrated Information Systems, Inc. ("IIS"), pursuant to which, among other
things, IIS purchased certain fixed and intangible assets of K2, including
certain of K2's customer contracts, furniture, fixtures, equipment and
intellectual property, for an aggregate purchase price of $444,000, of which
$419,000 was paid in cash and $25,000 of capital lease obligations were assumed
by IIS.

Under the terms of the purchase agreement, IIS occupies certain of K2's premises
in exchange for assuming K2's office lease obligations and IIS has made offers
of employment to substantially all of the remaining employees of K2, which
offers have been accepted.

In addition to the purchase price and as consideration of K2's release of
certain employees from the non-competition restrictions contained in their
agreements with K2, K2 received from IIS at closing a recruitment and placement
fee of $75,000. In addition, K2 will receive from IIS an additional placement
fee of $7,500 per key employee and $2,500 per other employee that remains
employed by IIS through December 31, 2001. This additional contingent placement
fee will be paid by IIS in cash in five monthly installments beginning August
31, 2001, pro rated monthly for the number of employees retained.

Under the purchase agreement, K2 also received from IIS a cash fee of $50,000 in
return for entering into certain noncompetition provisions contained in the
purchase agreement, which provide that K2 will not, for a period of five years,
(i) engage in any business of substantially the same character as the business
engaged in by K2 prior to the transaction, (ii) solicit for employment any
employee of IIS (including former employees of K2), or (iii) solicit any client
or customer of IIS (including any customer transferred to IIS under the purchase
agreement) to do business with K2.

Accordingly, the aggregate consideration to be delivered to K2 at closing was
$544,000, of which approximately $258,000 was paid directly to K2 Holding LLC,
an affiliate of SGI Graphics, LLC (collectively, "SGI"), K2's principal secured
creditor, in order to release SGI's security interest in the assets of K2.

ABOUT K2 DIGITAL

K2 Digital, a strategic digital services company, provides consulting and
development services including analysis, planning, systems design, creative,
and implementation. Ranked by Deloitte & Touche among the fastest growing
technology companies in both 1999 and 2000, K2 constructs user-centric digital
channels that map to corporate goals. K2's process-driven approach utilizes
the strategic, conceptual, technical and marketing experience it has developed
since 1993 to help multi-divisional and global companiesmaximize their Internet
opportunities. Clients include ABB, Bristol-Myers Squibb, ING Aetna Financial
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Services, Morgan Stanley, Preferred Hotels & Resorts, Silversea Cruises and
WorldCom. For more information, please visit our web site: www.k2digital.com.


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Except for the historical information herein, the matters discussed in this news
release include forward-looking statements that may involve a number of risks
and uncertainties. Future results may vary significantly based on a number of
factors including, but not limited to, risks in market acceptance of new
products and services and continuing demand for same, the impact of competitive
products and pricing, seasonality, changing economic conditions and other risk
factors detailed in the company's most recent annual report and other filings
with the Securities and Exchange Commission.