Catalyst Shareholders to Receive Dividend.

Business Editors

SARASOTA, Fla.--(BUSINESS WIRE)--June 12, 2000

Catalyst Communications, Inc. (Pink Sheets:CLYC), a Sarasota based company, announced today that it will dividend a total of 4,500,000 shares of Penn-Akron, Inc. (OTCBB:PNAC) restricted common stock to its shareholders.

Catalyst shareholders of record as of June 30, 2000 will receive 1 share of `PNAC' stock for every 42.75 shares of Catalyst that they own. Catalyst will distribute the `PNAC' shares to its shareholders on July 7, 2000.

About Penn-Akron, Inc. d/b/a Globalseer

Penn-Akron, Inc. d/b/a Globalseer, is an Atlanta-based Applications Service Provider (ASP) that provides and supports a universal turn-key package of network connectivity and computer hardware and software. A comprehensive library of educational video resources can be delivered through this connection to enhance and facilitate kindergarten through 12th grade teachers' daily lesson planning and classroom presentations. Teacher user-training is also included as a part of the integrated offering.

The Globalseer "point-and-click" to knowledge curriculum-enhancement concept was originated in 1997, and developed through 1998. Last year, the Company received a 3-year exclusive contract to implement the system into approximately 715 schools within the MRESA district of the state of Georgia. That contract was the largest single project award under the Federal Communications Commission (FCC) Universal Fund Technology Grants Program.

Globalseer successfully installed the curriculum-enhancement system into 193 schools in 1999 that represented audited revenues in excess of $20,000,000. According to a May 31, 2000 Company Press Release, Globalseer's 1st quarter revenues for fiscal year 2000/2001 were expected to exceed $12,000,000.

Globalseer is currently implementing a comprehensive program to provide its Universal turn-key services to additional states within the Eastern United States. The Company's primary focus is to increase student achievement and improve learning levels and test scores across the board.

Penn-Akron, Inc. anticipates releasing its 10Q within the next few weeks.

Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include unexpected shortages of critical components, rescheduling or cancellation of customer orders, the timing and market acceptance of new product introductions by the Company and its competitors, and general competition and price pressures in the marketplace. Reference is also made to other factors set forth in the Company's filings with the Securities and Exchange Commission.