Avana Communications Names Former BellSouth Executive as Chairman and CEO.

Business Editors/High-Tech Writers

ATLANTA--(BUSINESS WIRE)--Feb. 22, 2000

Grace Development, Inc. (OTCBB: GCDV), doing business as Avana Communications, has named a former BellSouth officer as its chairman and CEO.

Ben Holcomb, most recently president of Europe and Asia/Pacific for BellSouth International, was elected chairman and CEO of Avana at a special meeting of the company's board of directors held Feb. 18, 2000. As part of the planned transition, Richard Granville, founder and CEO of Grace Development, has resigned. Earlier, and also as part of this transition, Louis Friedman, interim chairman, also resigned. James Blanchard remains as president and COO of Avana.

"With Ben as chairman and CEO, Avana has achieved a milestone for the company, its shareholders and our overall strategic deployment," said Granville. "He brings with him a blend of solid industry experience and corporate leadership, combined with entrepreneurial vision and agility that will continue to confidently move Avana forward," he added.

"Avana has been experiencing rapid growth as it moves toward accomplishment of its stated goal to become a significant player, innovatively positioned, in the communications industry," said Holcomb. "I am excited to be joining this ambitious and achievable quest and look forward to helping the company reach the next level of its success."

For BellSouth, Holcomb most recently was responsible for managing and directing the company's businesses in Germany, Denmark, Israel, Australia, New Zealand and India. There, he was responsible for $2 billion in revenues, 10,000 employees and four million customers worldwide.

Prior to that, Holcomb was president of BellSouth's American Cellular Communications unit and executive vice president of BellSouth Cellular. Holcomb was a pioneer of the US cellular business, starting with ACC in 1987. Over ten years, the unit grew to more than $1.5 billion in revenue, 8,000 employees, and over 1.5 million customers.

As the chief staff officer for BellSouth Cellular, Holcomb managed 500 headquarters employees and a $130 million budget supporting $3 billion in revenue; managing sales, marketing, engineering, finance, information technology, human resources, public relations, and research and development.

In eight years with Holiday Inns prior to joining BellSouth, Holcomb served in various capacities with his last position being CFO of International Operations. He began his career with Deloitte & Touche in Memphis where he gained audit and tax experience with a variety of clients.

Holcomb received his bachelor of science degree in business administration from The University of Tennessee and is a Certified Public Accountant. He has served and currently serves on multiple boards of directors including Nasdaq traded companies, collegiate business school boards and charitable organizations.

About Avana Communications

Atlanta-based Grace Development, Inc. (OTCBB: GCDV), doing business as Avana Communications, is an integrated communications provider (ICP) offering a single-source solution for services traditionally offered by CLECs, IXCs, ISPs, ASPs and other data and communications providers. Avana provides value-based communications services within a one solution, one company, one account format.

Established in 1995 as an independently owned ISP, Avana was acquired by New Millennium Multimedia, Inc. in May 1999. The company assumed publicly-traded status in Sept. 1999 following the completion of a merger with Grace Development Inc.

NOTE TO EDITORS: This news release may contain forward-looking statements concerning the business and products of the company. Actual results may differ materially depending on a number of risk factors. The company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.