BETHESDA, MD–( EMWNews – April 2, 2008) – Technest Holdings, Inc. (OTCBB: TCNH), a

world-class 3D imaging company transforming state-of-the-art technology

into real world products, announced today that its 3D-ID™ Division for

Defense and Homeland Security has won an “Indefinite Delivery, Indefinite

Quantity (IDIQ)” contract for OMNIEYE® WellCam Systems.

The 12-month contract specifies up to 200 WellCam Systems to be delivered

to the U.S. Army Rapid Equipping Force to provide immediate support to

troops in the field. Each WellCam System costs $5,000, bringing the

contract value to a total of up to $1 million. Delivery of the first 10

systems will take place immediately.

OMNIEYE® WellCam is a low cost solution providing 360-degree surveillance

for underground situations. Prototyped in just 9 days and fielded to

Afghanistan and Iraq in 2004, WellCam is a miniature camera sensor that

provides 360-degree surveillance in tight, hard-to-reach areas such as

wells and cargo holds. WellCam has successfully found weapons hidden in

small, horizontal caves underground. For its innovation and utility,

WellCam was cited as one of the “Top Ten Inventions of the US Army in 2004”

and has been widely acclaimed as one of the best inventions to come out of

the second Gulf War.

“We are delighted that the Rapid Equipping Force is pleased with our

OMNIEYE® WellCam product and is requesting more,” said Technest CEO, Gino

Pereira. “WellCam is an excellent example of Technest 3D-ID’s ability to

quickly transition innovative technologies to actual rugged products that

make a significant difference to protect the warfighter. This contract

demonstrates our commitment to support our military with the most advanced

intelligent remote surveillance tools available.”

About Technest Holdings, Inc.

Technest Holdings, Inc. is a provider of: advanced remote sensor systems,

intelligent surveillance and advanced 3D imaging technology solutions to

the defense, homeland security and healthcare marketplaces. Technest is

committed to setting next-generation imaging standards through the

provision of innovative emerging technologies. Through strategic

development, Technest focuses on the creation of dual-use technology and

products with applications in healthcare as well as the fields of defense,

civilian homeland security and law enforcement.

To learn more about Technest Holdings Inc. (OTCBB: TCNH), please visit the

company’s Web site at www.technestinc.com. To receive email updates about

the company and to be added to Technest Holdings investor lists, please

sign up at www.CFSG1.com or contact Adam Brooks at [email protected].

Investors are cautioned that certain statements contained in this press

release are “forward-looking” statements within the meaning of the Private

Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking

statements include statements which are predictive in nature, which depend

upon or refer to future events or conditions, which include words such as

“expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” or

similar expressions. In addition, any statements concerning ongoing

business strategies or prospects, applicability, benefit and use of our

product and services, and possible future actions, which may be provided by

management, are also forward-looking statements as defined by the Act. Some

of the factors that could significantly impact the forward-looking

statements in this press release include, but are not limited to: the

functionality of our product; our capabilities; a rejection of the

Company’s products and technologies by the marketplace; and disputes as to

the Company’s intellectual property rights. Forward-looking statements are

based upon current expectations and projections about future events and are

subject to risks, uncertainties, and assumptions about Technest Holdings,

its products, economic and market factors and the industries in which

Technest Holdings does business, among other things. These statements are

not guarantees of future performance and Technest Holdings has no specific

intention to update these statements. More detailed information about those

factors is contained in Technest Holdings’ filings with the Securities and

Exchange Commission. http://www.sec.gov

Pursuant to a May 15, 2007 agreement, Consulting For Strategic Growth1,

Ltd. (“CFSG1”) provides Technest Holdings, Inc. with consulting, business

advisory, investor relations, public relations and corporate development

services. Independent of CFSG1’s receipt of cash compensation from Technest

Holdings, CFSG1 may choose to purchase the company’s common stock and

thereafter liquidate those securities at any time it deems appropriate to

do so.