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AdvanteXCEL.com Signs Letter Of Intent To Acquire E-Commerce Networks, An Up And Coming Web Hosting And Marketing Firm




AdvanteXCEL.com Communications Corporation (OTCBB:AVXCF -CDN: AXCL.U) announced that it has signed a letter of intent to acquire privately-held E-Commerce Network Inc., a Canadian corporation with operations in Toronto, Ontario. The combined company expects to host more than 2,000 web sites and have an estimated combined 2000-2001 annual revenue in excess of $3 million.

E-Commerce Networks, which was founded in October 1999, has rapidly become a leader in worldwide sales of web sites to first time users, home-based businesses and many other customers in the United States and Canada.

``Cutting edge technology, stickiness and new product development will be the key factor in the thrust that will accelerate ECOMM forward for our market share,'' said Sonny Schreter, President of E-Commerce Networks Inc. This enhanced relationship will provide us with the opportunity to utilize the latest e-commerce, website building, website hosting, and customer support tools along with products that will help draw return traffic to our customers' sites. The synergies created through the merger of the combined companies will accelerate the vision that we have had since the beginning, and that is to be one of the largest web hosting and ecommerce providers in the world.''

``Our proprietary technology and unique approach to building an effective web presence has the potential to turn web sites into successful businesses,'' said Marshall Weinstein, Chairman of AdvanteXCEL.com Communications Corporation. This merger fulfills a part of the total vision that this Company has had for two years and will help in creating one of the industry's leading B2B ASP companies.''

The Company said that it hoped to have the merger completed within the next 60-90 days, subject to final Board approval. During that time the two companies will plan and facilitate the integration of management and operations in the combined company. The Merger Agreement allows the two companies to develop additional revenues together and share services during the due diligence process. While both companies will be responsible for their own overhead during the joint venture, they will share in gross revenues. "AdvanteXCEL has a well qualified technical team that will bring new dynamic products and programming with the expertise to the e-business solutions forefront,'' said Schreter. ``We are excited about the opportunity as the union will enhance both business models.''

AdvanteXCEL.com Communications Corporation offers communication systems and products that integrate fax, voice and e-mail technologies, which allow users to retrieve messages from any location in the world. AdvanteXCEL's solutions implement an innovative gateway system, which can save users 50% to 75% on their long distance fax charges. AdvanteXCEL's other services and products include: premium e-mail, webmail, fax to fax, e-mail to fax, website to fax, chat, classifieds, video conferencing and international business card directories.

AdvanteXCEL has offices in Toronto, Ontario, Canada and Pittsburgh, Pennsylvania, U.S.A. Corporate headquarters are located in Buffalo, New York U.S.A. Company stock is quoted on the Canadian Dealing Network (CDN) Toronto Exchange under the symbol "AXCL.U" and listed on the NASDQ OTC BB under the symbol "AVXCF." The company has 23,021,597 common shares outstanding. Statements in this release referring to expectations as to the future, results of operations and financial conditions, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks, uncertainties, and other factors, which may cause the actual results or events to be materially different from such forward-looking statements. Such factors include, but are not limited to the merger of the two companies being completed, levels of sales, general domestic and international conditions including consumer demand, reliance on key relationships, dependence on technology, actions taken by competitors, changes in telecommunications and infrastructure costs and the availability of capital.

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