Care Concepts I Inc. Reports First Quarter Results; Acquisition of Foster Sports Highlight of the Quarter.

Business Editors/High-Tech Writers

POMPANO BEACH, Fla.--(BUSINESS WIRE)--May 18, 2004

Care Concepts I, Inc. (AMEX:IBD) announced today its financial results for the first quarter ended March 31, 2004. Revenue for the quarter ended March 31, 2004 was $84,553, a 29% improvement from $65,371 reported in the same period one year ago, as a result of the Company increasing its presence in new markets (Las Vegas and Cincinnati) and an increase in its market share in its historical markets of South and Central Florida. The net loss to shareholders was $61,100, or $0.00 per share, compared to a net loss of $204,033, or $0.01 per share for the first quarter of 2003. Revenue growth, coupled with tight expense control, led to the lower loss.

On April 14, 2004, the Company acquired a controlling interest in Foster Sports, Inc., a South Florida based sports media company that holds all the programming rights to radio station WFLL 1400 AM The Fan, with live programming commencing earlier this month. Foster Sports also circulates a web-based newsletter to approximately 1.5 million sports fans on a weekly basis.

"With this acquisition behind us, the Company is on its way to achieving its main objective of becoming a leading Internet destination for consumers seeking discounts on products and services from local establishments and a key advertising and promotion vehicle for businesses seeking to generate customer visits to their place of business. By having access to the radio station, this allows us to promote ibidusa.com and build one strong sales force to cross sell advertising and marketing for both entities in our South Florida marketplace. We have begun to advertise ibidusa.com on WFLL 1400 AM The Fan, which can be heard on the World Wide Web at www.1400thefan.com," stated Steve Markley, CEO of Care Concepts I Inc.

ABOUT CARE CONCEPTS I

Care Concepts I, Inc. through its subsidiary iBid America, Inc., showcases local and national businesses on its Internet website www.ibidusa.com. Products and services are featured in an auction format starting with an opening bid of about 30% percent of the retail value. Many of the auctions benefit local and national charitable organizations. All visitors to the website, whether registered to bid or not, can download and print discount offer coupons from local and national businesses. Care Concepts I, Inc. recently acquired controlling interest in Foster Sports, Inc., a sports oriented, multimedia company that produces sports radio talk shows, one of which features Carl, 'The Foss' Foster, as well as additional programming during the NFL and college football season. Foster Sports radio operates as AM 1400 The Fan in the South Florida market. The Company's executive offices are located in Pompano Beach, Florida.

FORWARD-LOOKING STATEMENTS:

Statements about the Company's future expectations, including future revenues and earnings and all other statements in this press release, other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comment made within this press release; the Company will appropriately inform the public.