BillyWeb Corp. Announces Name Change to Poseidis, Inc. and New Symbol -- PSDS.

Business Editors

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 4, 2002

BillyWeb Corp. (OTCBB:BLYW), n/k/a Poseidis, Inc. (OTCBB:PSDS), announced today that it changed its name from BillyWeb Corp. to Poseidis, Inc.

The new trading symbol (OTCBB) is PSDS and the new Cusip Number is 737310 10 2. The change was made to more clearly reflect the nature of its business.

A new business opportunity has been presented to the company in order to diversify and extend its activities and sources of income. As released on the 20th of August 2002, Billyweb Corp started an acquisition of a natural source of sparkling mineral water, located in the center of France, in the region of Clermont Ferrand, well-known for its numerous volcanos, a rare geological area concentrating a high tectonic activity and close to the prestigious site of Vichy.

As the result of the evolution of its activity, and the transformation of the company, formerly dedicated to the creation and production of television and multimedia content for teenagers and pre-teenagers, into a broader and more diversified corporation, cumulating its original activity with the industrial development, production and distribution of mass market products derived from natural resources such as sparkling mineral water, a new name, giving a more accurate reflection of its enlarged activities has been chosen for the company: Poseidis, Inc.

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 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.