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                                                                    EXHIBIT 99.1

WEDNESDAY MARCH 21, 7:35 PM EASTERN TIME
Press Release

Financial Intranet Announces Technest Acquisition


MOUNT KISCO, N.Y.--(BUSINESS WIRE)--March 21, 2001--Financial Intranet, Inc.
("FNTN-OTCBB," and hereafter referred to as "FNTN"), an Internet content
provider, today announced that its Board of Directors has approved the execution
of an Agreement and Plan of Reorganization ("Agreement") with Technest.com, Inc.
("Technest"), a privately-held company based in Atlanta, GA.

In connection with the Agreement, the Board has approved a reverse common stock
split of up to 1-for-35. The record date for such reverse split will be April 2,
2001. Technest is being acquired in a stock-for-stock transaction in which
Technest's stockholders will receive approximately 90% of the outstanding common
stock of FNTN on a fully diluted basis. Upon the closing of the transaction,
which is expected to take place no later than April 15, 2001, Technest will
become a wholly owned subsidiary of FNTN. Technest representatives will compose
the majority of the Board of Directors of FNTN after the transaction closes.

Technest invests in development stage companies with promising products and
services designed for a variety of commercial applications. Technest furnishes
capital to its portfolio companies and provides them access to professional
business services and additional support as they develop and deliver their
product to market. Technest also assists its portfolio companies in locating
additional financing for continued growth. Technest expects to realize returns
on its portfolio investments through a broad range of methods including private
sales, merger and acquisition activity, and initial public offerings. Finally,
Technest expects to enhance its earnings through the use of various short-term
investment strategies.

In announcing the acquisition, Michael Sheppard, Chief Executive Officer and
President of FNTN, stated, "We believe the acquisition of Technest will place us
firmly on the path of achieving our goal of acquiring new and innovative
companies for the purpose of enhancing FNTN's future profitability."

John C. Canouse, Chief Executive Officer and President of Technest, commented,
"We welcome the opportunity to expand on our business plan and to join with FNTN
in our strategy of developing and marketing profitable products and services for
a wide range of commercial applications."

FNTN is headquartered in Mount Kisco, NY. Technest is located in Atlanta, GA.

SAFE HARBOR STATEMENT

Note: Statements in this press release that are not historical may be deemed
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although FNTN believes the expectations reflected
in any forward-looking statements are based on reasonable assumptions, it can
give no assurance that its expectations will be attained. Factors that could
cause actual results to differ materially from FNTN's expectations include
completion of pending investments, continued availability of funds to originate
new investment, the availability and cost of capital for future investments,
competition within the industry, economic conditions, and other risks detailed
from time to time in FNTN's SEC reports. The proposed transaction is subject to
various conditions that may not occur. No assurance can be given that the
transaction will be closed, or if it closes, that investors of FNTN will retain
any level of value. The financial information with respect to Technest has been
provided to FNTN by Technest and has not been audited or verified independently.

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Contact:

     FNTN, Mount Kisco
     Michael Sheppard, 914/242-4848
     or
     Technest, Atlanta
     John Canouse, 404/816-5339