BillyWeb Approves Reverse Split.

Business Editors

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 10, 2002

BillyWeb Corp. (OTCBB:BLYW) announced today a reverse split of the issued and outstanding common stock of the Corporation. The reverse split is at a ratio of one (1) share for each ten (10) shares of common stock issued and outstanding. This reverse split will take effect at the opening of business today on May 10, 2002. Total issued and outstanding stock following the reverse split is 448,043. It will not be necessary to issue additional shares to effectuate the split.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.