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Mycom Group Announces Growth, a New Product, and Election of Directors at Annual Stockholders Meeting

Business Editors

CINCINNATI--(BUSINESS WIRE)--Oct. 29, 2003

Mycom Group, Inc. (OTCBB:MYCO), a technology products, managed services, and software development company headquartered in Cincinnati, Ohio, announced continued growth of all business units during the third quarter of 2003. Revenue for Q3, 2003 of $2.3MM exceeded revenue in the same quarter by $379.5K or 20.2%. mycomPro(TM) products and services and Mycom's consulting business units grew from $270.5K in 2002 to $614.5K or 127.2%. The Company's software sales Division, Broughton International grew marginally from $1,608.1K to $1,643.6K or 2.2%.

For the first nine months of 2003, Mycom's revenue increased $435.3K or 7.4% from $5.9MM in 2002 to $6.3MM in 2003. Year to date, mycomPRO(TM) products and services and Mycom's consulting business units' revenue increased from $967.1K in 2002, to $1,611.1 in 2003, providing $644.0K growth. Year to date software sales of $4,709.2K were down 4.2%.

Mycom's Q3 and year-to-date growth reflects its' strategic plan to develop the company's own brand, mycomPRO(TM) products and services. Mycom acquired a managed security services company, Maximize IT in February of 2003, which provided three new products and services that are marketed under the mycomPRO(TM) brand, mailMAX, secureMAX and serverMAX.

Today, at the Mycom Group, Inc. annual stockholders meeting, the Company announced it is Beta testing a new spam and anti-virus filtering service to be marketed as mycomPRO(TM) mailMAX II. The new service, to be introduced in early 2004, will replace the Company's current spam and anti-virus filtering service, mycomPRO(TM) mailMAX, and will provide a Linux(R) operating system and software enhancements developed by Mycom. Some of the key features of the new product are:

-- User-specific customized configuration

-- Para-artificial intelligence engine for spam identification

-- A bypass list for every configuration

-- Greater granularity for spam filtering

-- Improved user-interface

-- Improved processing time

-- Summary notification of quarantined messages

-- Enhanced queue monitor

During the annual stockholder meeting, Mycom's CEO, Rob Bransom and President, Jim Bobbitt, reviewed the company's performance, and indicated that a Net loss of $63.2K in Q3 reflected the company's strategy to invest in new product development and support the new business categories acquired in the Maximize IT purchase. He stated that although the acquisition added overhead, total labor and benefit costs have been reduced $384.4K or 22.1%, during the first nine months of 2003. Total operating expenses have increased 4.8% which compares favorably with the 7.4% revenue increase in the first nine months. A net loss for the first nine months of 2003 totaling $189.8K compared favorably to the $2,414.1K loss recorded for the same period in 2002. The loss recorded in 2002 included $2.1M asset impairment adjustment.

The company's Board of Directors, Rob Bransom, James Bobbitt, Lance White and Todd Hinners were approved for the ensuing year, and Schumacher & Associates, Inc. was ratified as the Company's independent auditor for the 2003 year.

About Mycom

Mycom Group, Inc. provides a complementary mix of technology products and services. It markets a wide range of software, hardware and enterprise solutions to customers throughout North America. Mycom develops and markets new software applications and services using the mycomPRO(TM) brand names. The company's technical and communications services include email management, technology security, and networking; ISP and co-location; design, development and web enabling of e-business applications; database applications; online and classroom training and instructional design; communications services for large and medium-sized businesses; and technical marketing and documentation services. Mycom is headquartered in Cincinnati, Ohio. Mycom Group is on the web at www.mycom.com and www.broughton-int.com and www.maximizeit.net

NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause our actual results to differ materially from those described in these forward-looking statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.