Anything Internet Corporation Signs Letter of Intent to Acquire Latin American Location Services Leader.

Business Editors/Technology Writers

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 1, 2000

Anything Internet Corporation (OTCBB:ANYI) today announced that it has signed a letter of intent to acquire both Mapas y Datos and its subsidiary Mapas Latinos, both of Bogota, Colombia.

The proposed transaction complements Anything's recent acquisition of Inform Worldwide by extending its location-based services into Latin America and adding significant software development capacity. In combination, the company now has over 40 professionals with expertise in deploying location technology over the Internet and through wireless devices using WAP and other technologies.

Larry Arnold, CEO of Anything Internet stated, "This transaction demonstrates our commitment to becoming a global player in this rapidly emerging field. Latin America has been overshadowed by L-commerce activities in Europe and elsewhere. Mapas y Datos, through its Mapas Latinos portal will catapult us to the forefront of location-based services throughout Central and South America. By extending our offerings throughout the Americas, Anything Internet is positioned to dominate the Spanish-speaking Internet marketplace in the field of location services."

Mapas y Datos presently services many multi-national corporations and governmental agencies with a variety of software applications using geographic information systems (GIS), global positioning systems (GPS) and other Internet-based technologies such as JAVA and WAP. Its customers span a variety of industries and include ExxonMobile Corporation (NYSE:XOM), Swiss Novartis, a global leader in life sciences, Wackenhut (NYSE:WAK) and French-owned TREDI. Through a joint venture with Inverlink, the Columbian affiliate of Credit Suisse First Boston, Mapas y Datos operates Mapas Latinos, a Spanish language Internet mapping portal. Mapas Latinos recently gained global attention when it received over 1 million hits to its website in its first 15 days of operation.

Gabriel Coch, CEO and President of Mapas y Datos and Mapas Latinos commented that, "We have worked on projects with Inform Worldwide for over 3 years. By joining forces under the Anything Internet umbrella, we have unrivaled L-commerce capability and the critical mass needed to compete and capture the commercial potential for location-based services. For both firms, this is an exciting combination which allows for greater revenue growth in this rapidly emerging industry."

Under the proposed transaction, Mapas y Datos and Mapas Latinos will be wholly owned subsidiaries of Anything Internet Corporation. The Letter of Intent was approved by the boards of both companies on July 31, 2000, and is expected to close within the next 45 days. The transaction calls for a tax-free exchange of shares and is considered a pooling of interests.

Mapas Latinos, headquartered in Bogota, Columbia, is a privately held information technology company that is the leader in providing on-line mapping and location-based services throughout South America. The company's portal site can be found at http://www.mapaslatinos.com

Mapas y Datos, S.A. is a software development, design, and consulting firm that specializes in helping firms build and manage application software to achieve a business advantage in the areas of geographic tracking, location and mapping. The company focus is custom application development and e-solutions.

Anything Internet Corporation, headquartered in Colorado Springs, Colo., is a publicly held Internet e-services holding company. http://www.anyreminder.com is the Company's consumer site, offering free personal and business reminder services and a daily planner. AnyReminder provides its customers with exceptional product choices, superior pricing and delivery options, and easy-to-use search and purchase capabilities.

Inform Worldwide, Inc., a wholly-owned subsidiary of Anything Internet, is a syndicator of location-based technologies that combine geography and the Internet. Inform delivers its location-based services through an E-hub platform combining ASP capabilities with map content, real-time monitoring and a variety of software applications. The company's web site can be found at http://www.informworldwide.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 Anything Internet Corporation) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Anything Internet Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors. For a description of additional risks and uncertainties, please refer to Anything Internet's filings with the Securities and Exchange Commission.