Capital One Ventures Corp. Changes Name To Cirus Telecom, Inc.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 12, 2001

Capital One Ventures Corp. (OTC BB: CVCX) announces that, effective immediately, it has changed its name to Cirus Telecom Inc. and its quotation symbol has been changed to reflect the name change to (OTC BB: CTLE). These changes are pursuant to the terms and conditions set forth in its February 9, 2001 acquisition of DMS Acquisition Corp.

Amar Bahadoorsingh will serve as Cirus Telecom's CEO and President. Mr. Bahadoorsingh served as President of 9278 Communications, Inc. (OTCBB: NTSE) which was acquired by iLink Telecom, Inc. in December of 1999. Mr. Bahadoorsingh managerial experience in the VoIP, Telecom Billing Solutions and Pre-Paid Card Sector will be a welcomed asset to the company.

Kashif Syed will serve as its Chief Technical officer. Mr. Syed served as Chief Executive Officer of TCI Telecom Inc. and Chief Operating Officer of Universal Network Solutions Inc. Both corporations are engaged in providing switching, telecom billing and deployment of termination services through international private lines, in both international and domestic markets.

Cirus Telecom Inc. is a New York based company, providing telecom switching services to small and medium sized wholesalers and distributors of telephone cards throughout the United States. Cirus derives revenues by providing phone card activations, reselling long distance, and is also able to provide complete turnkey telecom solutions. Cirus will offer its customers the ability to provide domestic and international voice, data and fax services at substantially lower prices than those of commonly utilized telecom service bureaus. The switching network architecture used by Cirus is highly scaleable, cost effective, requires no additional facilities based real-estate investment on behalf of a client, and is fully deployable at a rapid pace.

For further corporate information contact: Investor Relations Amar Bahadoorsingh Phone: [phone] Email: [e-mail]

Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the Companies from time to time with the Securities and Exchange Commission in the future.