Bezenet Closes on Acquisition of Cisco Italia SPA.

Business Editors

MIAMI BEACH, Fla.--(BUSINESS WIRE)--Feb. 18, 2002

Bezenet, Inc., (OTCBB:BEZT), announced that the Board of Directors of the Company and the Board of Directors of Cisco Italia SPA approved today the acquisition of 20% of the capital stock of CISCO ITALIA SPA by Bezenet Inc., after a satisfactory due diligences verification by both parties.

Cisco Italia SPA also gives the option to buy an additional 10% of the Company's stocks to be exercised on or before June 30, 2002.

Bezenet Inc. appointed Prof. Ernesto Chiaccierini as Bezenet representative at the Board of Directors of Cisco Italia SPA. Cisco Italia SPA appointed Antonio Conte P.A. as his representative at the Board of Directors of Bezenet Inc.

The joint operating program of both Companies will start effectively on March 15, 2002.

Consequently, in order to properly consolidate commercial expansion in Europe, Bezenet inc. appointed Prof. Ernesto Chiaccierini of La Sapienza University of Rome as Vice President of Europe division and Prof. Enrico Maria Mosconi of La Sapinza University of Rome, as member of the Board.

"This acquisition gives our Company the first important step in our plans for European expansion. Cisco Italia has a 16 year history of positive growth and gives the Company the ability to move ahead with additional acquisitions," stated Harvey Judkowitz, Executive Vice President and Chief Financial Officer of Bezenet, Inc.

After performing due diligences, Bezenet, Inc. and ADC Telecomunicazioni mutually agreed to cancel and terminate the joint venture agreement for the project of a Digital Area Center in Terni, Italy.

About BEZENET, Inc.:

Bezenet, Inc. (http://www.be-ze.com) is a diversified conglomerate operating directly and franchising in the Internet, residential property, resorts and commercial real estate developments, hotel, resort and restaurant management, waste management, medical care, natural beauty products and cosmetics. In the Internet arena, Bezenet owns and operates several URL portals designed for European and American users looking to do and/or expand business overseas, providing commercial, legal, and technical assistance with full-service personalized direct support, including joint ventures and local commercial representatives. Bezenet, Inc. is quoted on the National Quotation Bureau's Electronic Quote Service as (OTCBB:BEZT).

About CISCO ITALIA SPA.:

Cisco Italia SPA, http://www.ciscoitalia.it, is a primary leader in Europe, which provides services to over 6,000 clients, both the private and public sector. The Company, which was founded in 1985, provides service in logistics, transportation and security. The Company, which employs over 5,000 people, grosses over $74,000,000 in revenues (US$), which represents approximately 25% of the entire Cisco Group revenues.

Safe Harbor Statement: Statements made in this news release that are not historical or current facts are "forward-looking statements" made pursuant to the "safe harbor" provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected.