WorldTeq Group International Becomes Profitable; Revenues Jump 46%

WorldTeq Group International announces revenues grow to $1.152 MM in Q1 2002 compared to $788 K, and profit increases from loss of 2 cents in Q1 2001 to profit of 1 cent

Rockville, MD -- Business Wire -- April 23, 2002 --WorldTeq Group International Inc. (OTC BB: WTEQ) a full-service solutions provider of Affinity Services including Internet Connectivity, Long Distance, Calling Cards, and Hosting Services, today announced its financial results for the quarter ended March 31, 2002.

WorldTeq Group International is pleased to announce revenue growth of 46% for the first quarter 2002 compared to the same period last year. The Company realized $1,152,000 in revenues during the first quarter 2002 compared to $788,323 realized during the comparable period last year. Cost of Sales decreased as a percentage of revenue to 50% of sales compared to 55% of sales during the same period in 2001. General and administrative expenses decreased 21% to 381,270 from $462,217 for the comparable period. During the period ended March 31, 2002, the company achieved a net profit of $79,332 or $ .01 per share as compared to a net loss of $(173,595) or $ (.02) during the same quarter last year. This is the first quarter the company has achieved a net profit. Earnings before Interest, Depreciation and Amortization (EBITDA) was $109,387. Positive cash flow for the quarter was $77,532.

We are extremely pleased with these results. The company believes the balance of 2002 will continue to accelerate positive cash flows as the customer base has now reached a greater than break-even point in monthly cash inflows. We are not dependent on any future events to maintain this profitability. The customer base is diverse enough to avoid sudden interruptions from cancellation by any single customer," said Bruce Bertman, President and CEO of WorldTeq Group International.

Further details regarding WorldTeq Group Internationals latest filings can be found at www.freeedgar.com.

About WorldTeq Group International

WorldTeq Group International offers a wide range of telecommunications and Internet services along with related products via independent agents, associations, sales organizations, and affiliate marketing companies, through several wholly-owned subsidiaries. Each Authorized Agent group is provided their own personalized Web site, which allows them to work directly with their own customer base. All agents receive regular recurring revenue as long as the end user remains a customer of WorldTeq Group International or its affiliated companies. WorldTeq utilizes the services of global leaders such as Qwest, Touch America, WorldCom, UUNET, Global Crossing, and Broadwing. The company operates several wholly owned subsidiaries, including a wholesale company, an Internet provider, and a billing services company. For more information you can visit the companys Web Site which can be found at http://www.worldteqgroup.com

The private Securities Litigation Reform Act of 1995 provides a safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by WorldTeq): contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of WorldTeq Group International.

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Contact Bruce Bertman, President and CEO WorldTeq Group International 888-263-7776. Brokers and Analysts contact Columbia Financial Group 888-301-6271.