``Smokeless Cigarette'' Closer to Reality; Cobracrest AG & Co. KG and Metropolitan Worldwide, Inc. Successfully Cooperate in a Niche Market.

BERLIN & FORT LAUDERDALE, Fla. -- Cobracrest AG & Co. KG has developed, in cooperation with Metropolitan Worldwide, Inc. (Pink Sheets:MWWM), a full functioning "smokeless cigarette". This nicotine delivery device is based on a new energy transporter for which patent application was filed in Germany on the 29th of January 2006. The energy source preheats the cigarette to the specific temperature necessary to vaporize the nicotine in the filter element. E[acute accent]The 'smokeless cigarette' will be introduced under the name 'Bel Air', a trademark registered by Cobracrest. A full functioning prototype will be presented to the media at a press conference in Berlin on May 17, 2006. Commercial release of the product is foreseen for early 2007. E[acute accent]Mass production of the product will be the responsibility of Holger Ronquist, a Swedish national and the former CEO of various Sony/Ericsson-affiliates. Based on his extensive technical expertise and international contacts, it is expected that Mr. Ronquist's contribution to the project will be of major importance. Mr. Ronquist has also agreed to immediately join the supervisory board of Cobracrest AG & Co. (His resume and further info can be found under http://www.cobracrest.com). E[acute accent]The role of MWWM and the projected benefits to be derived by MWWM from the commercialization of the product in the USA and abroad will be refined and made public in the very near future.