[2] Book4Golf.com Announces Signing of Letter of Intent to Acquire Outstanding Common Shares of TeeMaster Inc.

Sports Editors/Golf Writers &Columnists

SCOTTSDALE, Ariz.--(BW SportsWire)--Jan. 25, 2000

Nationwide TeeMaster Internet Tee Time and Cal Center

to be Adopted By Book4Golf.com

Book4Golf.com Corporation, (CDNX:BFG.) provider of the premier Internet-based, real-time, tee-time reservation system to the golf industry, today announced that it has signed a letter of intent to purchase all outstanding shares of TeeMaster, Inc. of Minneapolis, MN for an undisclosed number of shares of Book4Golf.com. The completion of the transaction and determination of the final purchase price is contingent on the completion of certain events including appropriate filings with the Canadian Venture Exchange to maintain the price reservation.

The consideration for this acquisition will be satisfied entirely with common shares of Book4Golf.com, and a price of $12.04 per share has been reserved for the transaction. The number of common shares which will ultimately be issued and delivered to the existing shareholders of TeeMaster will be based, in part, upon TeeMaster achieving certain performance driven criteria in the future. Although the number of common shares issuable has not been finally determined and is dependent on such contingencies and due diligence considerations, Book4Golf has reserved a maximum of 2.050 million common shares in connection with the transaction. Completion of the transaction will be subject to regulatory approval including appropriate filings with the Canadian Venture Exchange to maintain the price reservation.

Under the terms of the proposed agreement the companies will combine their tee-time inventories. Michael Hsu, chairman and CEO of TeeMaster, will serve as Senior Vice President of Book4Golf.com upon completion of the acquisition.

Located in Minneapolis, Minnesota, TeeMaster is a leading provider of Internet golf reservation services. TeeMaster delivers tee time reservation services, lesson reservation services, marketing services, Internet services, phone center outsourcing, payment processing and e-commerce services to leading golf facilities.

Mr. Hsu said: &uot;This combination with Book4Golf.com provides the best way for us to accelerate our expansion in this rapidly expanding category of Internet tee-times. This agreement provides the best overall synergy, empowering us to quickly transform the business of golf.&uot;

Philip DeLeon, president and CEO of Book4Golf.com said: &uot;We're delighted to sign this letter of intent with TeeMaster. TeeMaster represents a best-in-class solution with its call center, significant market presence and in-depth experience within our category. Moreover, TeeMaster offers an inventory of over 100 desirable courses in the Midwest. The TeeMaster acquisition makes sense in light of Book4Golf.com's `three-legged' business strategy: a) To build inventory through thoughtful acquisitions. b)To enhance our relationships with our point-of-sale software partners and c) To share our leadership with the golf world through our portal relationships.&uot;

TeeMaster's Mr. Hsu noted: &uot;This agreement allows both sides to benefit. We bring to the table a state-of-the-art call center, a field sales force and an inventory of golf courses in Minnesota, Wisconsin and Michigan -- all high-density golfing areas. We offer a business model, that through this new relationship, will allow a quicker rollout. Book4Golf.com has a number of high-quality partnerships that complement our relationships. In summary, this acquisition by Book4Golf.com makes sense for all parties.

Mr. DeLeon said that upon completion of the deal, Book4Golf.com will integrate the TeeMaster call center as the primary nationwide call center for Book4Golf's operations. This, coupled with our pending acquisition of Technology Partners, Inc., who developed and supplies the award-winning TeeOff automated tee-sheet product designed for the hotel, resorts and golf community industries, will allow Book4Golf.com to continue to offer superior technology and unprecendented convenience to both the golf course operator and the golfer.&uot;

As previously announced, Technology Partners' best-in-class TeeOff system offers Book4Golf.com golf operators with a broad range of feature-rich, easy-to-use golf optimization software tools, including: a) an Interactive Voice Response feature which allows golfers to book tee times over the phone in a pleasant, automated environment, b) a Cable TV module which allows for close circuit viewing of a daily tee sheet from within a golf community, resort or other shared networked environment, c) a tried and proven Networkable Tee Sheet application and engine for the Pro Shop, Hotel, Resort, Starter Booth, back office from which all modules are driven.

Book4Golf.com is the leading Internet-based, real-time, tee-time reservation system in North America. Book4Golf.com provides golf courses with cutting-edge, easy-to-use management software for increasing golf course utilization. The Book4Golf.com web site instantly allows golfers to reserve a tee time anytime, anywhere, with no service charge. Additionally, the golfer can use the web site to access course information, weather forecasts and driving directions to courses across town or across the continent.

Visit the Book4Golf.com at http://www.book4golf.com.

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.