Stops Silverline('tm') Product Development At Torrey Pines

Exhibit 99.1


Entrada Announces Steps to improve its Bottom Line
Stops Silverline('TM') Product Development at Torrey Pines
Rixon Networks' Maryland operations will be relocated to California


San Diego, CA - October 23, 2001-- Entrada Networks, Inc. (Nasdaq-NM: ESAN) announced today that its wholly owned subsidiary Torrey Pines Networks has stopped all further development of its Silverline('TM') storage area network (SAN) transport product line and has laid off the staff assigned to develop it. The Company said that considering its current stock price and the tight money supply, continuation of this R&D effort, launched in the middle of last year, would have meant a very substantial dilution of shareholder value.


To realize further savings and obtain economies of scale, the Company also announced that it is consolidating all of its facilities and will re-locate by yearend all of its operations to Irvine, California at the site of Company's Sync Research subsidiary.


For the first six months of the current fiscal year, ending July 31, 2001, the Company reported an operating loss of $8.4 million. Of this, the loss attributable to Torrey Pines Networks was $7.7 million and to Rixon Networks, its wholly owned subsidiary, was $0.7 million. The Company's subsidiary Sync Research, which was classified as a discontinued operation during this period, delivered a net income of $1.1 million. Rixon's revenues were adversely affected by the economic slowdown of its major customers. The revenues for Rixon for the third quarter are anticipated to be approximately $1.5 million and Rixon's management is cautiously optimistic as to the outlook for fourth quarter revenues. The revenues of Sync Research are currently expected to be approximately $1.2 million for both the third and the fourth quarters of the current fiscal year. ...