2-Infinity Announces Restructuring Plan, Realigns Staff, Focuses On Increasing Profitability.

Business Editors & High Tech Writers

HOUSTON--(BUSINESS WIRE)--Nov. 14, 2000

2-Infinity, Inc. (OTCBB:TWIC), an emerging integrated communications provider, announced today that it has begun implementing a comprehensive restructuring plan designed to set the company onto a faster path to profitability.

"The investment community is now placing an increasing emphasis on demonstrating earnings rather than aggressive growth strategies," said Majed Jalali, 2-Infinity's Chief Executive Officer. "We have set in motion a decisive restructuring plan to decrease our burn rate and increase our sales performance in the under-served Houston market. Our goal is to reach positive cash flows as quickly as possible."

Part of the restructuring plan includes streamlining the company-wide headcount by approximately 30, a reduction in compensation packages and the reorganization of some management positions. This should result in an annualized savings of approximately $3.0 million.

Effective November 14, 2000, Cody Morgan has been appointed 2-Infinity's President, while Majed Jalali continues as Chairman and CEO. Additionally, Michael Gallo has been named Senior Vice President of Sales and Operations.

The company will seek a five-day extension for the filing of its quarterly report on Form 10Q with the Securities and Exchange Commission. This extension will allow 2-Infinity to better communicate the restructuring initiatives and management's discussion and analysis of recent performance.

"2-Infinity's management team is strongly committed to achieving profitability and increasing shareholder value in the near term," said Kelly Nispel, Chief Financial Officer. "Due to recent market conditions, it is in the company's best interest to accelerate its efforts to generate positive cash flows, due to the increasingly high cost of new capital in today's market."

2-Infinity simplifies business communications by delivering voice and data services through a single wire infrastructure. Leveraging innovative broadband and convergence technologies, 2-Infinity provides high-speed Internet access and IP telephony solutions to small- to mid-sized businesses and enterprise branch locations.

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties.