An Open Letter to WorldTeq Shareholders.

Business Editors/High-Tech Writers

ROCKVILLE, Md.--(BUSINESS WIRE)--Nov. 3, 2003

WorldTeq Group International Inc. (OTCBB:WTEQ), a full-service solutions provider of Affinity Services including Long Distance, Toll Free Services, Hosting Services, and Financial Services today announced that the CEO has written an open letter to all shareholders.

It has been nine months since I was named as CEO and President of WorldTeq Corporation. I feel it is a good time to talk about what has been accomplished thus far, what is presently happening, and what the future holds for WorldTeq Group's growth. We will tackle each subject separately, as follows:

Historical Accomplishments - Cost Reductions, Development of new direction

Present - Launch of MonEcard, new agents, new billing system, new signup site, and investment into company

Strategic options going forward - Expanded sales department, MonEcard

The company also did an interview with the Wall St. Reporter on October 30, 2003. This audio interview is available for 5 business days. It discusses recent news, core businesses, market trends and opportunities, and future growth strategies. Wall Street Reporter is a weekly news magazine read by more than 80,000 fund managers, analysts, investment bankers, venture capitalists, sophisticated investors and over 3,000 influential members of the news media around the world. The interview can be heard on www.wallstreetreporter.com

One thing investors need to know is that WorldTeq is currently in the growth mode. Monthly revenues on the telecom business are growing, as evidenced by three new agent contracts that are currently bringing in customers each day to the company. The official launch of the new MonEcard product this week will only enhance this growth. Fourth quarter appears to be tracking significantly better than third quarter, both in terms of revenue and earnings growth, a trend that should continue in the coming quarters. Next year, the company is expecting to earn 1-2 cents a share, a number that could escalate based on some new events that are currently occurring.

Accomplishments:

This year has been a tough year to say the least. I took over a corporation with good products and ideas, but bad financial health. Many tough decisions were made during the year in order for the company to survive and have the opportunity to prosper. My initial goals were to decide which business segments to focus on for long-term growth and how to cut costs that were not related to this growth. Additionally, I felt it was important to reduce debt, both short term and long term. We have done much of this during my first 9 months of office. We reduced debt by over $600,000 with the selling of NetWorld, a subsidiary, and by converting some of our long-term debt into equity. We reduced our monthly costs at WorldTeq Corp by 300% as we identified and dismissed personnel that were not needed for our new direction. We have also outsourced many of our daily functions to competent organizations that specialize in these areas. We will discuss this further in the 'Present' section of this letter.

We had also decided it was time to concentrate efforts on the MonEcard and that the launch of this product would be very important. Since we began development in November 2002, there were many setbacks that prevented the launch of the card, as with all new product launches by companies. There were software issues with the vendor, there was the financial issue of being able to afford a proper marketing launch, and other factors that caused the delay in launching this card. While I strongly feel that there are plenty of profits to be made in the long distance market, as the CEO, I also recognized that the company's future growth is enhanced greatly by entering the financial services industry that caters to the 25-40 million unbanked Americans. With so many immigrants coming to this country on a daily basis, and the banks making it harder and harder for the credit challenged to maintain a checking account, we recognize the potential for the MonEcard product. During the last 6 months we concentrated on working with the vendor to overcome the software issues, raising the capital to do a proper marketing campaign, and identifying an individual who could be the lead sales person in helping us to capture a piece of this multi-billion dollar market. We will discuss the MonEcard in more detail in the next section.

Present:

WorldTeq Group International, Inc. has access to venture capital if necessary for further growth or acquisitions. The company has and will continue to sign many new agents to market our communication products.

We are currently developing a new web site where end users can sign up online for our new business and residential plans. Our new site uses the latest technology allowing us to take digital signatures therefore canceling the need for a customer to fill out a written Letter or Authorization. Our new system is completely automated and sends new accounts directly to our billing system, eliminating the current manual process. This will save us a considerable amount of time and money necessary for new order entry. The site is fully replicable for our agents. Using a special administrative tool, we can set up anyone as an agent with the exact same plans, and more importantly we can create custom plans that are only sold through their agent specific web site. We expect to launch this new site by November 7, 2003.

One of our biggest improvements is our new billing system that is launching November 1, 2003. While our previous billing system was designed for prepay accounts, it was not up to par for post pay billing, especially for businesses. Since we have refocused our sales towards servicing the long distance and toll free needs of business clients, we needed a more professional system that allows the use of PAC and VPAC codes, the ability to supply full call detail records on the bill, and optional management reports for our clients. We are proud to partner with Elabs, of Toronto Canada. We chose to work with them because of the many features and benefits their system has. Elabs also does the billing for AT&T Canada and many other large clients.

Over the last couple of months we have been aggressively searching for new agents, ranging from those with a current customer base, to those starting their own businesses for the first time. We have signed 3 new agent relationships recently and will continue to add to this number. Additionally, we have begun using our own in-house marketing team that is targeting businesses throughout the United States. In the two weeks since this launch, it is has produced about $1,500 in new monthly revenue. As our team gets further training and more experience, we are expecting this number to increase ten fold over the next couple of months just from internal sales. We are also expanding our wholesale division and we are very close to finalizing a relationship with a new customer that will bring $10,000 - $15,000 in new monthly profits. The revenue is expected to be between $90,000 - $120,000 per month.

During the last week we have officially launched the MonEcard product. It has taken slightly longer than expected, but we are now fully satisfied with the product, the backend software, and our banking relationships. We have recently hired Mitra Sayatesh, a consultant from MS Consulting, to lead our sales team for the MonEcard. Ms. Sayatesh has a proven track record in sales and has grown her own Consulting Company into a multi-million dollar enterprise. She brings over 15 years experience in selling directly to company's of all sizes. Currently, she has at least a dozen possible new customers for the MonECard. Investors will soon be seeing announcements concerning the launch of new customers that will be using the MonEcard for their payroll function. Additionally, I am working with her directly to create a reseller program so that our current and future agents will have the opportunity to be a part of this fast growing industry.

Strategic Options Going Forward:

Recently the Board of Directors, the management team, and I have spent time reviewing and analyzing our strategic options for the company. During the process, the Board of Directors approved the exploration of several strategies for the company that could include, but would not be limited to, an acquisition by the company or a merger with another entity. While we are unable to speculate on when or even if there will be additional transactions involving the company, we believe that working quickly to explore strategic partnerships is in the best interests of the company, our shareholders, and employees. Many of the conversations with different companies concerning joint alliances, mergers or acquisitions have already begun and shareholders will be notified as soon as anything concrete can be discussed.

The WorldTeq team is dedicated to our goals, and will do everything in our power to meet them. Through the growth of our telecommunications services, our wholesale products division, our new MonEcard product, and the reimplementation of Internet access and hosting sales through our partner company, NetWorld Online, revenues and earnings will continue to rise and should for the foreseeable future.

Best Regards,

Jeffrey Lieberman

CEO & Chairman

[e-mail]

About WorldTeq Group International

WorldTeq Group International offers a wide range of telecommunications, merchandising and financial services with related products via independent agents, associations, sales organizations, and affiliate marketing.

For more information visit the company's Web Site at http://www.worldteqgroup.com

The private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements.

Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by WorldTeq): contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings.

Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of WorldTeq Group International.