CeleXx Corp. Files Form 10-SB With SEC.

BOCA RATON, Fla. --(BUSINESS WIRE)--Dec. 17, 1999--

CeleXx Corp. (OTCBB:CLXX) announced today that it has completed Form 10-SB and has answered all Securities and Exchange Commission questions and comments.

Upon an effective date from the SEC, the company will be required to file quarterly and annual reports with the SEC. The company's Form 10-SB can be viewed on the SEC's EDGAR system at www.sec.gov when it becomes effective.

CeleXx's objective is to build shareholder value through the acquisition, consolidation and Integration of private IT (Information Technology) service companies which are focused at networking, systems engineering, web-based training as well as Internet and Intranet solutions. Moreover, its objective is to assist and support client companies to effectively utilize, manage and achieve maximum results from their IT capital investments.

CeleXx's target market includes Fortune 1000 companies, government agencies, along with smaller companies with a network of at least 20 stations.

Doug Forde, CeleXx's President said, "Our research has found that there were approximately 13,000 companies in the IT field at the end of 1998 providing hardware, software and a variety of services. Most of these companies are small in size, except for IBM (NYSE:IBM), Electronic Data Systems (NYSE:EDS), Hewlett Packet (NYSE:HWP), Compaq Computer (NYSE:CPQ) and a handful of others. Their combined revenues represent less than 25% of the $100 billion dollar plus industry." He also added, "Our research indicates that currently no other company holds a significant leadership position in the fragmented multi-billion dollar industry that we are targeting."

Computer Marketplace Inc. (CMI), a company with which CeleXx has a definitive agreement to acquire and which transaction will close shortly, maintains a partner, distributor or vendor relationship with all of the above companies.

The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Press Release (as well as information included in oral statements or other written statements made or to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the companies and success of current product offerings. Such forward looking information involved important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward looking statements.