Acadia Group, Inc., Appoints Its First Chief Financial Officer In Preparation For New Financing Initiatives & Web Site Launch.

AUBURN, Maine--(BW HealthWire)--Dec. 6, 1999--

John W. Holt, Jr., chief executive officer of Acadia Group (OTCBB:ACAD), today announced the appointment of Thomas J. Dean, CPA, as chief financial officer of the newly formed company.

Dean, 36, of Boston, has held senior posts at State Street Corporation, Brown Brothers Harriman & Company and Price Waterhouse, LLP, and brings more than 10 years of auditing and accounting experience in the fields of health care, financial services and high technology.

Acadia Group was created November 19 as a holding company for two subsidiaries: Acadia National Health Systems, Inc., a national financial and consulting company for physicians and medical service organizations, and MedLecture.com, a Web-based provider of multi-disciplinary continuing medical education (CME) programs.

"Tom's energy and expertise will be invaluable as we move forward with plans to bring the company into the 21st century," Holt said. "We are engaged in a private placement fundraising effort, planning to move to the Nasdaq Small Capital listing soon, and will be launching a Web-based CME service within weeks. This appointment reinforces our commitment to continued, strong growth and productive relationships in the marketplace."

As senior auditor/officer at State Street Corp., Dean's responsibilities included supervision of custody, fund accounting and the support of operational units, as well as the global review of financial reporting and the management of risk-based audit programs. He also has worked as a senior auditor with Brown, Brothers, Harriman & Company and as a senior accountant with Price Waterhouse. He has a Master's of Science Administration from Bentley College (1993) and a Bachelor of Arts degree in economics from Clark University (1986).

"The Acadia Group represents an interesting and exciting opportunity," said Dean, who began work last week. "As a newly formed company, it requires strategic, financial and managerial consultation right from ground zero, and its ambitious plans for the future demand a combination of strong fiscal oversight and financial innovation. I'm looking forward to this double-barreled challenge."

The addition of Dean to the Acadia Group team follows the company's November 22 announcement that the Company will seek a multi-million dollar private placement to fund the launch of the MedLecture.com, an innovative continuing medical Internet education (CMiE(TM)) venture that will utilize grand round lectures provided exclusively by the nation's leading medical schools.

This new release contains forward-looking statements that involve a number of risks and uncertainties within the meaning of the federal securities law. These forward-looking statements include comments on business goals and financial performance. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays in product development, undetected errors or bugs in hardware or software, changes in product pricing policies, competitive pressures, contract renewals, general conditions and risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission.