Cassco Capital Corporation to Implement Up to a One Hundred to One--100:1--Reverse Split.

Business Editors

DENVER--(BUSINESS WIRE)--June 1, 2000

Cassco Capital Corporation (OTC:BB-CSCA) today announced that its board of directors have determined to implement up to a one hundred to one (100:1) capital share reverse split.

The Board has concluded that to maximize the value of the Company for its shareholders, the Company should attempt to locate and acquire, or be acquired by, another business. The Board believes that a significant number of private businesses would be interested in a business combination with the Company, primarily in order to become a public-reporting entity with a market for its securities. The Company has no assets and no present intended business; accordingly, it is likely that the owners of any business combined with the Company will expect to receive a large majority of the then outstanding stock.

The very large number of shares of the Company's common stock outstanding are substantially too many for a small public corporation. Any trading in Company stock would likely be at a low price that could discourage market makers or investors. Unless the number of outstanding shares is reduced, the Board believes that it is unlikely that an acquisition or combination beneficial to Company and its shareholders can be accomplished.

The Board also believes that the Company's common stock may be of interest to a larger number of brokers and private investors if the reverse split is effected. The Board expects that the market price for the common stock would be higher because there would be fewer available shares as a result of the reverse split, but no assurance can be made. The Board is aware that it is possible that the reverse stock split instead may have an adverse effect on market demand for the Company's common stock because of the smaller number of shares outstanding.

This news release includes forward-looking statements related to Cassco Capital Corporation that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Cassco's future results, see the company's filings with the Securities and Exchange Commission (the "Commission"). Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations.