BusinessMall.com Announces Near-Term Development Plans; Rapid Phase-In of New Features and Functionalities Planned.

Business Editors and High-Tech Writers

CLEARWATER, Fla.--(BUSINESS WIRE)--February 3, 2000

Progressive Telecommunications Corporation, (OTCBB:PTCI), today expanded on its previously disclosed plans for the development of its horizontal business-to-business portal, BusinessMall.com, during the first and second quarters of 2000.

Management had previously developed an aggressive launch and advertising schedule that was completely overhauled after the company's commenced the acquisition of CorpHQ Inc., (OTC:COHQ). &uot;The depth of content and features that were in the final stages of development at CorpHQ was far beyond what we had anticipated,&uot; said Michael Kogan, Director of Operations at BusinessMall.com. &uot;After we saw what they had, we realized that we would have to roll out the features and modules in phases, rather than in a single market launch.&uot;

While the acquisition is not yet completed, both companies have moved forward with the integration of the sites. &uot;Both sides have unanimous board approval,&uot; said Steven Crane, Chief Executive Officer of CorpHQ. &uot;CorpHQ also has shareholder approval. However, we have agreed that if the merger were to fall apart on technical grounds, we will continue to work together in a joint venture. On that basis, we are happy to disclose today a new business model that is completely unique within the business-to-business marketplace.&uot;

&uot;While many Internet sites now provide bulletin boards where businesses can post requests and receive multiple bids from independents, those customers must deal with the risks associated with dealing directly with very small businesses. We have found over the years that the larger the customer, the less likely they are to work with home-based businesses. At the BusinessMall/CorpHQ Virtual Corporation, each independent is tested, ranked, rated and positioned into a virtual team. We manage every phase of the project, providing enterprise-level quality in customer service, administration and order execution. Our customers receive the guarantees and assurances of a major vendor relationship, and the multiple benefits of utilizing an entrepreneurial workforce: innovation, flexibility and reduced cost.&uot;

During the first and second quarters of 2000 BusinessMall.com will roll out virtual corporate operations in the following categories: Graphic Arts; Web Services; Computer Store; Office Supplies; Office Furniture and Equipment; Legal; Accounting; Business Support Services; Personal Support Services; and Corporate Finance Services.

Art Aviles, Chief Marketing Officer of CorpHQ said, &uot;From my perspective it's not the bells and whistles that will make BusinessMall.com a success with our members and customers ... it's the real world solutions we will provide. We will have over 100,000 business-related products available in a very short while. We're not offering hype and banner ads; but the ability to deliver real value.&uot;

&uot;As planned, BusinessMall.com opened for business on February 1, 2000,&uot; said Barry L. Shevlin, Chairman and Chief Executive Officer. &uot;We did not anticipate registering members until all the features and modules were operational. But, by the end of the day we registered 500 new members, and 3,000 associate applications from CorpHQ. This proves that a strong buzz about BusinessMall.com is beginning in the small office - home office market.&uot;

BusinessMall.com has been developed to raise the standard of business-to-business commerce on the Internet. A next-generation horizontal portal, BusinessMall.com will provide information, productivity tools and a comprehensive array of highly discounted products and services in a totally secure environment.

About the Company and its subsidiaries: BusinessMall.com is a horizontal portal for small and medium sized businesses, with a commitment to achieving new horizons through technology, innovation and customer service. The Company also provides a comprehensive array of Internet, business and communications services through major partnerships and its subsidiaries, which include TheYellowPageDirectory.com, Opus(TM) Assistant enhanced telephony services and CCC Communications.

This press release contains forward-looking statements. The words &uot;estimates&uot;, &uot;pursuing&uot; and &uot;seeking&uot; and similar expressions identify forward-looking statements, which speak only as to the date of the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject to include, but not limited to, the effect of government regulation, competition and other material risks.