BankNet, Kft Acquires Majority Interest in Dynamic I-T, Inc.

Business Editors

WHEAT RIDGE, Colo.--(BUSINESS WIRE)--March 10, 2000

On the 14th day of February, 2000, BankNet, Kft acquired a majority interest (30,400,000 shares) in Dynamic I-T, Inc. The consideration for the sale was the acquisition of Banknet Kft, a Hungarian broadband service provider as a wholly owned subsidiary and the $800,000 in capital, $200,000 paid in, and $600,000 to be paid over nine months.

The newly structured Dynamic I-T will include two divisions. The first Division is BankNet. The other is the Distance Education division.

BankNet

BankNet is an internet and telecommunications service provider to corporate clients based in Central and Eastern Europe. It holds licenses for satellite communication, optic cables, microwave systems, frame relays, ATMs and hubs located in more than 600 sites. BankNet also provides Infonet data services for over 70 multinational corporate Intranets. Through this association with Infonet, which recently had successful IPO, BankNet's clients have access to Value Added Networking, messaging and X400 services that are available in as many as 175 countries encompassing 90% of the world's population.

BankNet is a profitable company and is a leader in the fast-growing area of providing internet access where satellite links are the only practical means of connecting to the internet, which is the case in many emerging countries.

Distance Education

The Company has contracted with several of the experts in Global E-Commerce and Information Technology. Each of these experts are consultants to some of the world's leading companies and all have agreed to record their seminars, which, subject to the payment of a royalty, will be owned by the Company, for delivery on the internet.

Capitalizing upon the cutting edge skills of its team of experts, Dynamic I-T will offer to Fortune 1000 and other large companies, governmental bodies and institutions, throughout the world, only the highest level, most sophisticated seminars on e-commerce, information technology and marketing. Each participant in each seminar will be able to access the seminar through the internet, at a time and place most convenient to them. Access on the internet is favored by companies over the traditional classroom format because it does not force the participant to be away from the office and home for extended periods which is exacerbated by the expense of travel, lodging and meals.

The synergy so sought after by investors today was the basis for the companies to pursue and recommend the union of BankNet and Dynamic I-T. We are now positioned to be the leader in Distance Education for companies seeking to be leaders in information technology and e-commerce.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.