2-Infinity Announces Third Quarter 2000 Results; Moves Ahead With Strategy for Faster Profitability; Plugs Last Lakota Oil and Gas Well.

Business Editors/High-Tech Writers

HOUSTON--(BUSINESS WIRE)--Nov. 21, 2000

2-Infinity Inc. (OTCBB:TWIC), an emerging integrated communications provider, announces the results of operations for the third quarter ended September 30, 2000. The company recently restructured and implemented strategic initiatives to achieve profitability more quickly.

The following information is from the company's third quarter form 10-QSB that was filed with the Securities and Exchange Commission yesterday. It should be read in conjunction with the SEC filing:

                        (In thousands, except earnings per share)

                    Three Mos Ended Sept 30,   Nine Mos Ended Sept 30,
                    ------------------------   -----------------------
                          2000        1999        2000        1999
                         ------      ------      ------      ------
Revenues                 $120.9      $135.8     $1,555.3      $254.6
Loss from operations   (1,846.8)   (1,386.1)    (4,951.6)   (4,127.8)
Net income (loss)      (2,112.4)   (3,542.1)    (1,116.0)   (6,875.0)
Earnings per share        (0.02)      (0.09)       (0.02)      (0.22)

The increase in sales from the nine months 1999 to the nine months 2000 was due to the acquisition of Maximum Return and higher year to date sales of voice and data products and services. The third quarter was transitional for the sales force. To maximize direct sales results, the company has been implementing sales improvement programs, including a marketing campaign, lead generation and customer acquisition efforts, and sales force training.

The decrease in net loss for both the three months and nine months from the respective year earlier periods was primarily due to a one-time adjustment canceling stock to employees, officers and directors. The loss from operations (before the stock cancellation) is a result of an earlier focus on building infrastructure to support expected aggressive growth, including the recruitment of key personnel and investment in operations infrastructure.

In facing the increasingly high cost of raising new capital in today's market, the company has streamlined in order to grow more quickly in the under-served Houston market. The recently announced restructuring and staff consolidation will reduce annualized costs significantly. Based on this model, management currently expects positive cash flows in approximately six months, and is actively pursuing funding for this more conservative plan.

In keeping with its plan to close out its historical oil and gas activities, 2-Infinity also announces the plugging and abandonment of its last well, the Bernard No. 1 in Lafayette Parish, La. "This puts our oil and gas operations firmly behind us, and allows us to move ahead with a clear communication strategy," said Majed Jalali, chief executive officer of 2-Infinity. "This will allow us an even greater focus on growing sales in the under-served Houston market."

"The next step is the rollout of a new set of managed services in the near future," added Ahmed Alumran, 2-Infinity's chief information officer. "This will enhance the company's existing convergence and broadband offerings, and represent additional streams of recurring monthly revenue. We are about simplifying business communications. Our ultimate vision is to adopt an ASP model for communications, whereby an entire spectrum of voice and data services would be delivered remotely through a secure broadband connection to our business customers."

About 2-Infinity

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.