Berman DeValerio & Pease Advises Shareholders Of Deadline In Securities Class Action Against Xcelera.com.

Business Editors & Legal Writers

BOSTON--(BUSINESS WIRE)--Oct. 3, 2000

Lead plaintiff motions in a pending shareholder lawsuit against Xcelera.com, Inc. (AMEX: XLA) must be filed with the court in a week, Berman DeValerio & Pease LLP (www.bermanesq.com) advised investors today.

Berman DeValerio & Pease, which has represented investors for nearly two decades, filed the complaint in the United States District Court for the District of Massachusetts as Civil Action No. 00-CV11833. The deadline for lead plaintiff petitions in the case is October 10, 2000.

The lawsuit charges Xcelera with violating federal securities laws and seeks compensation for all investors who purchased Xcelera common stock between April 1, 1999 and August 9, 2000 (the "Class Period").

The complaint cites an April 1, 1999 news release in which Xcelera announced it had acquired Mirror Image, Co. and made positive statements about the acquisition without disclosing that it could significantly dilute Xcelera shareholders' interests. According to the plaintiffs, the defendants continued to make similar statements in subsequent news releases. The complaint also says that Xcelera misled investors by failing to inform them that another corporate transaction involving Mirror Image could result in significant tax liabilities for shareholders individually.

The lawsuit contends that the misleading statements artificially boosted Xcelera's stock price during the Class Period, and that Xcelera insiders took advantage of the inflated price to sell approximately 1.6 million of their own shares. When the truth emerged, the price of Xcelera's stock collapsed to $11.75 per share, a fraction of its Class Period-high of $112.50.

If you purchased Xcelera common stock during the Class Period and suffered a loss on your investment, you may wish to contact one of the following attorneys at Berman DeValerio & Pease to discuss your rights and interests:

Patrick T. Egan, Esq.

Michael Lange, Esq.

Berman DeValerio & Pease LLP

One Liberty Square

Boston, MA 02109

[e-mail].

[phone]

You can also visit us at our website at www.bermanesq.com.

If you wish to apply to be lead plaintiff in this action, a motion must be filed on your behalf with the court no later than October 10, 2000. To be a member of the class you need not take any action at this time and you may retain counsel of your own choice. To serve as lead plaintiff, however, you must meet certain legal requirements. You may contact the attorneys at Berman DeValerio & Pease to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action.

With offices in Boston and San Francisco, Berman DeValerio & Pease LLP has prosecuted shareholder class actions since 1982, recovering more than $1 billion for defrauded investors during that time. The firm has acted as lead counsel in numerous lawsuits in which its clients accused companies of violating federal securities laws. It has successfully litigated these actions and has been singled out for its excellence by many courts.