DOTBIZ4SALE IS LAUNCHED TO SAVE INVESTMENT IN DOTCOMS

Dotbiz4sale is launched to allow re-use, re-build and re-invent of dotcoms. Dotbiz4sale has been created to revive deaddotcoms for their intelligence or knowledgeware. Dotcom owners can list their business on dotbiz4sale and find a potential partner.

Schaumburg, IL 07/11/2001 - Billions of dollars have been invested in the knowledge capital of dotcoms. We want to put to work as much of it as possible. Otherwise, all that investment is going to be wasted," says Praveen Gupta, the founder of dotbiz4sale.com, a website launched on July 9, 2001.

Dotbiz4sale brings buyers and sellers together to leverage underperforming dotcoms into new applications or new business models. The dotbiz4sale website is the first of its kind that is focusing on knowledgeware instead of hardware assets. For example, the difference between the value of sand and a semiconductor chip is the degree of intelligence. Similarly, the main investment in dotcom businesses is in intellectual property or the knowledgeware rather than in their hardware. Considering the level of venture capital invested during the last two years, the total investment in intellectual property of dotcom businesses could approach hundreds of billions of dollars worldwide. Dotbiz4sale is a solution that builds on that investment.

We believe our solution will open new opportunities for many dotcoms straining under current economic conditions. Initially, there is no cost to post a listing for businesses looking for a buyer of their intellectual property. Buyers also register with a list of criteria that they are looking for in a dotcom business. Once an agreement is made between a buyer and a seller, a fee is paid to dotbiz4sale for facilitating a transaction between the two interested parties.

A network of partners including consulting firms, law firms, bankers, brokers and VCs is being established to assist buyers and sellers in the process.

About dotbiz4sale

Dotbiz4sale, www.dotbiz4sale.com located in Schaumburg, IL, has been formed to capitalize on the intelligence of Internet-based businesses. The current generation of dotcoms has been an idea driven by enterprises to exploit the Internet technology. Like any other start up business group, most dotcoms will fail. Therefore, dotbiz4sale provides a platform to present the idea behind a dotcom business to a potential user for a variety of applications. The purpose is to bring interesting ideas and interested parties together to create value through reuse, rebuild, or integration.

Disclaimer - The information set forth herein is believed by the Company to be reliable. It must be recognized, however, that statements, projections and predictions about the dotbiz4sale's future performance are necessarily subject to uncertainty, and no warranty of such statements is expressed or implied hereby.