ZINGIT INC. LANDS $18 MILLION DOLLAR CONTRACT

Zingit Inc. (OTC: ZNGT) announced today that it has signed a $18 million contract with Innovative Contractual Services (ICS), a financial services and seminar organization. The contract is a three-year contract worth an estimated $6 million per year.

Press Release
Contact:
David Pollock
+1-912-308-3537 tel
+1-912-961-0498 fax
david@zingit.com

PRESS RELEASE: ZINGIT INC. LANDS $18 MILLION DOLLAR CONTRACT

Three Year Contract Is Worth $6 Million Per Year

Savannah, Georgia - March 6, 2002 - Zingit Inc. (OTC: ZNGT) announced today that it has signed a $18 million contract with Innovative Contractual Services (ICS), a financial services and seminar organization. The contract is a three-year contract worth an estimated $6 million per year.

According to Zingit Inc.s CEO, David Pollock, Zingit won the contract because it has large volume bookings that allow it to negotiate with hotels, airlines and cruise lines more effectively than ICS could on its own. Zingit also created the ICS Travel Center (ITC) to help them aggregate the travel needs of their many member and clients." said Mr. Pollock. By aggregating all of our affiliates travel through Zingits Global Distribution Systems (GDS), Zingit is immune to airline commission caps and greatly benefits from the elimination of CRS quotas and penalties for poor segment production."

Zingit Inc. is currently negotiating seven additional travel contracts worth a combined $117.3 million per year. According to Mr. Pollock, Zingit Inc. is one of a handful of companies in the final bidding round for an account that has 5 million members and is worth roughly $50 million per year. We are also putting the finishing touches on negotiations with a travel group that has 2,000 members and is worth more than $8 million per year," he added.

Zingit is a travel company that aggregates travel bookings from clients and affiliates by providing LAN and Internet booking connection, office management services and training to independent travel agents and agencies worldwide through a central full-service travel agency, user friendly web sites and walk-in storefronts. While travel agencies are closing at a staggering rate, large volume agencies are receiving the highest commissions ever through (GDS) contracts and commissions from suppliers.

Zingit has reached large volume status by either acquiring agencies that already have a large client base with travel bookings in the $3,000,000 to $10,000,000 range per year or through attracting independent travel agents as affiliates. Not only can Zingit reduce an agents overhead by more than 70%, it can also simultaneously increase an agents revenue through larger commissions because of Zingits large volume booking status," stated Mr. Pollock. So, there is a huge incentive for travel agents to join Zingits travel hosting system," he added. The company is projecting it will have an agent force of over 500 travel agents within the next sixteen months.

This press release may contain forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, financing, execution of customer contracts, product and service demand, competition, and other risks and uncertainties.

Copyright 2002 Zingit Inc. All Rights Reserved.