Asconi Obtains Final Judgment.

Business Editors

HEATHROW, Fla.--(BUSINESS WIRE)--Sept. 12, 2002

Asconi Corporation (OTCBB:ASCS) announced today that it has obtained a final judgment against defendant Vadim Enikeev in the lawsuit against Vadim Enikeev, an individual; Serguei Melnick, an individual; La-Sal Capital, Inc., a Florida corporation; Icara, Inc. a Florida corporation, Stoneside Development Limited, a personal services corporation, Goldberg Law Group, PA., a Florida corporation; Glenn E. Goldberg, an individual; Alan S. Lipstein, an individual; George Carapella, an individual; Thomas L. Tedrow, an individual; Larry Eastland, an individual; Robert Klosterman, an individual; and John Does and Jane Does, fictitious parties, the true parties intended to be those individuals or entities liable to plaintiff.

The amended complaint seeks damages for breach of contract (defendants Enikeev, La-Sal, Icara, Goldberg Law Group, Stoneside); rescission (defendants La-Sal, Icara, Goldberg Law Group, Stoneside); breach of fiduciary duty (defendants Enikeev, Melnick, Goldberg Law Group, Goldberg, Eastland and Klosterman); aiding and abetting breach of fiduciary duty (defendants Stoneside, La-Sal, Icara, Goldberg Law Group, Goldberg, Carapella, Lipstein and Tedrow); declaratory relief (defendants Klosterman and Eastland); civil conspiracy (defendants Enikeev, Melnick, Goldberg, Goldberg Law Group, La-Sal, Icara, Stoneside, Lipstein, Carapella, Tedrow, Eastland and Klosterman); violation of Florida Securities Investors Protection Act (defendants La-Sal, Goldberg Law Group, Stoneside and Icara); fraudulent inducement (defendants Stoneside, La-Sal, Icara, Goldberg Law Group, Goldberg, Carapella, Lipstein and Tedrow).

The final judgment against defendant Vadim Enikeev was entered in the Circuit Court of the Ninth Judicial Circuit in and for Orange County, Florida, on July 8, 2002 and is quoted below:

"Upon consideration of Plaintiff Asconi Corporation's ("Asconi") Motion of Entry of Final Default against Defendant Vadim Enikeev, and the Court having read the Motion, having reviewed the Affidavit of Constantin Jitaru submitted by Plaintiff Asconi, and the Court's file and otherwise being fully advised in the premises, it is: ADJUDGED:

1. Final Judgment on the Complaint is hereby entered in favor of Plaintiff Asconi Corporation, whose address is 160 International Parkway, Suite 280, Heathrow, Florida 32746 and against Vadim Enikeev, an individual whose address is 32920 Windy Oak Street, Sorrento, Florida 32776.

2. Plaintiff Asconi Corporation shall recover from Defendant Vadim Enikeev the sum of $12,800,000, making a total judgment amount of $12,800,000, that shall bear interest at the statutory rate of interest (9% per annum), for which sum let execution issue forthwith.

3. The Court reserves jurisdiction to enter an award of attorneys' fees, unliquidated damages upon proper showing thereof, and costs.

DONE in Chambers at Orlando, Orange County, Florida this 8th day of July, 2002. JOSEPH P. BAKER, Circuit Judge."

About Asconi Corporation:

Asconi is an independent wine producer in Moldova and one of the leaders among Moldovan wine producers and exporters.

Asconi has four main business functions:

-- Purchase of grapes from independent producers, grapes processing and production of a large variety of wines;

-- Storage and aging of wine;

-- Wine bottling; and

-- International and regional sales of bottled wine.

For additional information, please visit http://www.Asconi.com or e-mail Constantin Jitaru at [e-mail]

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.