CastNet.com Purchased by the Entertainment Internet Inc.; Self-Made Financier Paul Kessler and Entertainment Executive Thom Mount Expand CastNet.com., Target Other Companies.

LOS ANGELES--(BUSINESS WIRE)--Sept. 21, 1998--In a strategic move that dramatically alters the way Hollywood casts its film, television and commercial product, The Entertainment Internet Inc. (OTC BB:EINI) (TEI) Monday reached an agreement to acquire CastNet.com (www.castnet.com), formerly known as only Multi-Media Inc., announced financier and chairman Paul Kessler.

In addition, producer and former Universal Studios President Thom Mount was named co-chairman of TEI. This leadership team will guide CastNet.com and maintain its ability to plug-in casting directors, talent agents, actors and actresses by allowing them to participate in a "paperless" casting process, as well as continue to further bridge the entertainment and technology communities.

"At last count, CastNet.com had over 30,000 members in its database. Those members are either casting directors, agents or members of the acting community. That number continues to grow by the day," said Kessler. "Even more encouraging than the numbers that CastNet.com has generated are the opportunities to utilize this technology elsewhere to provide the same services to other members of the entertainment community."

Mount, who shares Kessler's enthusiasm about the CastNet.com venture, brings a wealth of entertainment experience to CastNet.com. In his career, Mount has worn many hats: successful producer, president of Universal Studios and recently elected president of the Producer's Guild of America.

Kessler noted: "With my business expertise in the investment and technology sectors, Thom's distinguished entertainment background and this phenomenal service, there exists an unbelievable opportunity to connect entertainment and technology as they have never been connected before. Today, we are bringing the entertainment community online."

TEI was started four years ago by executive marketing and technical advisor Jay Sloatman and executive marketing advisor Kathryne Tyne, with further financing assistance provided by the founder of Kibel-Green, Harvey Kibel.

TEI's award-winning server and systems, the result of more than $4 million of research and development, possesses remarkable speed and an ability to handle 400 channels of ISDN simultaneously. This capacity makes it a perfect host for the CastNet.com site.

CastNet.com's explosive growth can be marked by the fact that it began with five employees in a Studio City garage. Plans have been finalized to move its 23 employees to new, larger offices adjacent to the Screen Actor's Guild (SAG) offices in Museum Square in November.

Kessler and Mount point out that the factors responsible for this growth are a strengthened business plan, substantial new financing and a revamped structure. "Solid planning and the addition of people like Thom Mount enhance our market value," said Kessler. "Another dynamic of our corporate strategy is an aggressive pursuit of further acquisitions. Currently, we have identified six companies as ideal candidates."

Kessler is an entrepreneur who has financed and invested in more than 25 companies during the past decade in California and Europe, including major deals in the technology and manufacturing sectors. This is his first entertainment venture. Kessler's Bristol Asset Management LLC is a well-known provider of capital to expanding small- and mid-sized companies.

CastNet.com offers a range of services: fully searchable resumes, breakdowns, submissions, audition scheduling, agent talent databases, sides, full scripts, enhanced e-mail capabilities, pre-sorted submissions and industry standard printable head shots ... all at the fingertips of those who need it.

Agents and casting directors may now complete their jobs electronically, eliminating the need to deal with the aggravations of snail mail and reducing their overhead costs via the CastNet technology. CastNet.com is a company dedicated to providing a full range of online services for the needs of the global entertainment community.

This news release contains forward-looking statements with respect to the results of operations and business of the company that involves risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports which may be filed with the FCC in the future.