BAOA Inc. Files Second Quarter 1999 Financial Results; Company Provides Update On Call Center Business.

ATLANTA--(BUSINESS WIRE)--Aug. 19, 1999--

BAOA Inc. (OTCBB:BAOA) has filed Form 10-Q for the quarter ended June 30, 1999 with the Securities and Exchange Commission. This filing brings BAOA into compliance with the Over the Counter Electronic Bulletin Board reporting guidelines.

As an update, BAOA has been negotiating with the Atlanta Empowerment Zone Corp. (the "AEZC") to provide non-dilutive financing to open Call Atlanta Inc., BAOA's wholly owned subsidiary and first call center business. The AEZC approved funding BAOA's first call center based on meeting certain criteria. The company has been working to supply the necessary documentation to the AEZC to receive these funds. Presently, BAOA has provided the AEZC with all of the financial audits recently submitted to the Securities and Exchange Commission.

In addition, Peter Van Brunt, president and chief executive officer of BAOA Inc., was requested by the AEZC to provide a personal guarantee in connection with the company's repayment obligations and he has agreed to do so subject to terms and conditions to be negotiated.

BAOA Inc. is focused on developing and operating telemarketing call centers located in Federally designated redevelopment "Empowerment Zones" throughout the United States. BAOA has entered into a strategic alliance with MKT Communications Corp., a telemarketing call center management entity, to assist the company in marketing and managing its call centers. BAOA is conducting negotiations to open call centers in Atlanta, New York and Los Angeles.

The safe harbor statement under the Private Securities Litigation Reform Act of 1995: statements in this news release, which are not strictly historical, are "forward-looking" statements and involve risks and uncertainties including, without limitations, continued acceptance of the Company's products and services, increased levels of competition, new products and technological changes, as well as the Company's dependence upon financing, third party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's Federal filings, annual reports, offering memorandums or prospectus.