Basic Fusion Inc. Names President and CEO; KwikWeb.com Inc. Taps Josh Elliott to Head Newest Portfolio Company.

Business Editors/High-Tech Writers

ENCINITAS, Calif.--(BUSINESS WIRE)--March 1, 2001

KwikWeb.com Inc. (OTCBB:KWEB) today announced Josh Elliott has been named president and chief executive officer of portfolio company Basic Fusion Inc.

Basic Fusion provides technical registry services to the international domain name community.

Elliott has held positions with, and served on the advisory boards of many leading technology companies. He was also the manager of administration and administrator of IANA at the Internet Corporation for Assigned Names and Numbers (ICANN), where he coordinated country code domain registries as well as advised on Internet policy.

"I am excited to be working for a company whose values and business I firmly believe in," Elliott said, "We will focus our efforts on serving the ccTLD (country code Top Level Domain) community, and meeting their technology needs. Domain registrations in the ccTLD market have grown exponentially in the last 18-24 months, which is a significant sign that the Internet is continuing its steady expansion across the world."

With over 20 million names registered under the gTLDs (generic Top Level Domains such as .com, .net and .org), many desirable ".com" names have already been registered. As a result, domain names under the ccTLDs (country-code suffixes such as .cc and .tv) are growing increasingly popular.

"Basic Fusion's systems are needed to alleviate the overwhelming task of cataloging so many names. Because of the tremendous growth in demand, country-code managers will need to adopt improved technology solutions that will allow their registries to participate in the exciting overall growth of the domain name industry," Elliott added.

"No other company has undertaken the challenge of providing cutting edge technology to the ccTLDs. The registry operator for the nation of Togo needs this technology as much as the registry operator in Australia or Japan. Basic Fusion will be able to bring security, stability, and integrity to the community. Our software will meet today's demands, and in the future, meet the needs of hundreds of other services that can benefit from similar registry technology."

About Basic Fusion

Basic Fusion Inc. is a wholly owned subsidiary of KwikWeb.com Inc. and joins .KIDS Domains Inc. within the Top Level Domain portion of the company's portfolio. Basic Fusion Inc. will seek to leverage the experience and expertise, which KwikWeb.com, Inc. has gained by participating in the recent ICANN TLD allocation process, to take advantage of the rapidly growing TLD market.

About KwikWeb.com Inc.

KwikWeb.com Inc., a development stage company, is the parent company of Internet Properties Development Corp., Wireless Properties Development Corp., Basic Fusion Inc., and 20% stakeholder in KwikCommerce Inc.

Internet Properties Development Corp. was organized in June as a wholly owned subsidiary of KwikWeb.com Inc. Internet Properties Development Corp. seeks to develop, acquire and fund Internet companies that own technologies used in the Internet and companies who can benefit from the dramatic cost savings and market awareness that the World Wide Web offers.

IPDC owns stakes in .KIDS Domains Inc., Minority Business Alliance LLC, and JoeDomains.com. IPDC also owns and operates several Internet sites including GasPrices.com and Incubate.net.

This release contains forward-looking statements, which are made pursuant to the safe-harbor provisions of the private securities litigation reform act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including (i) all of the risks and uncertainties associated with a start-up business; (ii) the company's present lack of capital and its ability to obtain capital as needed; (iii) intense competition for Internet products and services; (iv) the timely development and market acceptance of the company's products and technologies; and (v) the successful integration of acquisitions and lines of business. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.