Secure wireless trading application and Nokia WAP solutions leverage growing mobile Internet market

Stamford, Conn. ( November 11, 1999 )SmartServ Online, Inc. (OTC: SSOL), a leading provider of Web and wireless transaction-enabling solutions, is demonstrating WAP enabled trading application at Fall COMDEX '99. The demonstration, using the Nokia WAP Server and Internet-ready Nokia 7100 Series handsets, will be held in the Nokia booth No. 1419 throughout the show.

SmartServ and Nokia have been working together to ensure the interoperability of the Nokia WAP browser and server with SmartServ's solutions. As part of Nokia's Value Added Services program, SmartServ will also develop and market services for optimization on Nokia WAP-enabled mobile handsets.

"As the mobile information society continues to evolve, it is a real plus for SmartServ to work with the market leader in WAP end-to-end solutions," said Robert Pearl, SmartServ Online's director of business development.

"Nokia continues to expand its agreements with leading content providers, and we expect SmartServ Online to play a key role in this program," said Monica Hamilton, manager, strategic partnerships, Nokia. "The WAP standard allows SmartServ to securely extend the Web-based model to a mobile environment giving brokers the ability to extend their online trading capability to mobile systems," she added.

In addition to providing real-time market information, SmartServ's wireless stock trading application offers many of the same features found in the Web-based system, including blotter with running average price, book and rebook. The end-to-end solution provides both application-level authentication and enforces security measures which conform to the WAP Specification. SmartServ's trade screens are flexible for broker dealer customization and branding.

About Nokia

Nokia is paving the way to the mobile information society with its innovative products and solutions. Nokia is the leading mobile phone supplier and a leading supplier of mobile, fixed and IP networks including related services. It also supplies multimedia terminals and computer displays. In 1998, net sales totaled EUR 13.3 billion (USD 15.7 billion). Headquartered in Finland, Nokia is listed on the New York (NOK), Helsinki, Stockholm, London, Frankfurt and Paris stock exchanges and employs more than 53,000 people. For more information, http://www.nokia.com.

About SmartServ Online

SmartServ Online, Inc. offers a wide range of Web and wireless information and transactional-enabling applications, including Web-based and WAP-enabled stock trade order routing and e-commerce solutions. These applications are designed to deliver value-added services to strategic marketing partners, including online retailers, telecommunications carriers, device manufacturers and value-added service providers. Recognizing the growth of devices capable of accessing Internet-based information, SmartServ's world-class development team designs applications for Web, WAP and Windows CE. These applications are portable to personal computers, Internet-ready wireless handsets, interactive pagers, and Windows CE devices. In addition to its application development, SmartServ offers transaction processing and provides customizable categories of real-time information, including: personal watch lists, real-time tick-by-tick quotes, charting, company and financial news, filtered electronic mail, national and local news, sports scores and odds, weather reports, route-specific traffic reports, lottery results, horoscopes and local entertainment information such as movie listings. The Company is a member of the Wireless Data Forum (WDF) and an associate member of the Wireless Application Protocol (WAP) Forum. Robert Pearl, SmartServ Online's director of business development, serves as co-chairman of the WAP Developers Group. For more information about SmartServ Online's products and services visit the company Web site at http://www.smartserv.com.

This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, the volatility of international markets, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.