[2] Elite Technologies Responds to 144 Filing.

Business Editors/High-Tech Writers

ATLANTA--(BUSINESS WIRE)--July 10, 2000

Elite Technologies, Inc. (OTC BB: ETCH) has responded to a news item which appeared on the Dow Jones News Wire this morning regarding a possible sale of stock under Rule 144 of Securities Act of 1933 as amended.

Scott Schuster, Chairman of Elite said, "An announcement of the potential sale of one million shares of Elite Technologies, Inc. common stock was posted this morning, as a Form 144 was filed on behalf of Neutral Switch Holdings Corp. Elite intends to contest the removal of the restriction of these shares. Elite does not concur with the removal of the restriction of these shares, and we intend to take appropriate legal actions."

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