CITYXPRESS SIGNS LETTER OF INTENT TO ACQUIRE AUCTION BUSINESS OF 10DIGIT COMMUNICATIONS

Vancouver, BC -- June 17, 2002 -- CityXpress Corp (OTCBB:CYXP), a leading developer of revenue-generating solutions for media companies, today announced that it has signed a non-binding offer letter under which CityXpress would acquire the auction business and other assets of 10digit Communications.

Vancouver, BC -- June 17, 2002 -- CityXpress Corp (OTCBB:CYXP), a leading developer of revenue-generating solutions for media companies, today announced that it has signed a non-binding offer letter under which CityXpress would acquire the auction business and other assets of 10digit Communications.

10digit Communications provides software and services that allow newspapers to conduct online auctions. 10digit customers include over 25 Canadian newspapers.

Under the terms of the offer letter, CityXpress would acquire the auction business of 10digit, the servers on which the auctions are hosted by 10digit to service and support its auction business, and certain other assets. The acquisition is scheduled to be completed on or about July 2, 2002.

CityXpress provides a growing number of newspaper affiliates in the US and Canada newspapers with innovative products that generate incremental sources of advertising revenue. Xpress Auctions, the most comprehensive product available for newspapers, provides the complete workflow environment required to conduct and administer newspaper auctions. The Companys Xpress Special Sections delivers a powerful package of fresh editorial content and contextually-related advertising and promotional products, providing targeted promotional opportunities for local advertisers wishing to reach a valuable niche audience.

ABOUT CITYXPRESS

CityXpress develops integrated online and promotional solutions that provide media companies with opportunities to generate new sources of incremental revenues from their Internet sites. CityXpress has offices in Vancouver, Canada and Kirkland, Washington. CityXpress shares trade on the NASD OTCBB under symbol CYXP. More information on CityXpress is available at the companys corporate website at www.CityXpress.com.

FOR MORE INFORMATION CONTACT:

Kris Guttormsson
Corporate Communications
CityXpress Corp
877-629-3976 x 317
kguttormsson@cityxpress.com

This press release and/or communication contains forward-looking statements regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. These and other important factors, including those mentioned in various press releases and/or communications of the Company, may cause actual results and performance to differ materially from the future results expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release and/or communication speak only as of the date hereof and the Company disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.

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