Bezenet Announces Share Exchange With Utilicore Corporation.

Business Editors

GRAPEVINE, Texas--(BUSINESS WIRE)--Feb. 9, 2001

The Board of Directors of Utilicore Corporation (OTC:UTCR) and the Board of Directors of Bezenet announced today the acquisition by Utilicore of all the issued and outstanding shares of Bezenet Holdings Inc. in exchange for 30 million shares of common stock of Utilicore. As a result of the transaction, Bezenet Holdings, Inc. will become a wholly owned subsidiary of Utilicore, which will change its name to Bezenet, Inc.

The new company is re-named Bezenet, Inc. and is trading under the OTC symbol "BZNT" (OTC:BZNT).

To facilitate its business program and expansion worldwide, Bezenet intends to file, as soon as possible, its financial statements and other disclosure with the Securities Exchange Commission to qualify for listing on the OTC Bulletin Board pursuant to the Securities Exchange Act of 1934, as amended. Simultaneously, the company intends to apply for NASDAQ small-cap listing.

About Bezenet

Bezenet, Inc., is a diversified, mini-congolomerate primarily engaged in three business segments: Internet portals, real estate (limited-service lodging, hotels and resorts, apartment rentals, etc.), food, health and beauty franchises.

NOTE: This announcement has been published solely for information purposes, and is not an offer to sell nor the solicitation of an offer to buy any security. Particularly in view of the fact that the business is in a very early stage of development, investment in the securities of the Company should only be considered by persons who are aware of, suited to, and able to bear the risks involved. These risks include, without limitation, adverse business conditions such as those that have recently resulted in drastic declines in the valuations of most e-commerce and internet-related companies; possible adverse future economic that may negatively affect the demand for its services; unforeseen competition and the possible future introduction of new technologies that may prove functionally, technically or economically superior; the possible unavailability of sufficient capital necessary for the Company to achieve its objectives or even to sustain its operations; and its possible inability to successfully generate the significant revenues necessary to achieve profitability. Only an extremely limited public market exists for the Common Stock of the Company. Accordingly, no conclusion should be reached nor inference drawn that an investor will be able to re-sell shares of the Company at their currently quoted market value or at any other price. In compliance with the `safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, the Company notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties, including, without limitation, those set forth above. Accordingly, the Company wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements made in this document may imply.