CeleXx Corporation Secures $10 Million in Financing from Top Tier Money Group.

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 24, 2000

CeleXx Corporation (OTCBB:CLXX) announced today that the company will receive a $10 million revolving line of credit from CIT (NYSE:CIT). The credit line will be used to refinance present debt, provide working capital and further strategic acquisitions.

"This is a validation of our management team and strategic focus from one of the world's best," said Douglas H. Forde, CeleXx President and Chief Executive Officer. Indeed, CIT was voted one of "America's most admired companies" by Fortune Magazine and ranked a venerable number 2 on the InformationWeek 500. "We are pleased to be working with a company the caliber of CIT," said Forde.

Speaking to the company's vision and philosophy, Mr. Forde referred to the CeleXx customer base business and partners as a "Who's who of corporate America." "On one side, we have customers that sit atop their respective industries; on the other, we have celebrated business partners like CIT. I think that says a lot about CeleXx," explained Forde.

CIT Business Credit, www.cit.com provides a wide range of financing services to companies across the nation. It is a unit of CIT Commercial Finance, one of six operating groups of The CIT Group, Inc. (NYSE:CIT) (TSE:CIT.U). Founded in 1908 and with over $50 billion in total managed assets, CIT is one of the nation's largest commercial and consumer finance organizations.

CeleXx Corporation is an integrated management company involved in the acquisition, consolidation and operation of private information technology businesses. The centralized headquarters in Boca Raton, FL provides the overall management and direction for the operating entities, which are defined in four groups as Integrated Solutions, Performance Media, Information Engineering and Special Applications. For more information, please visit the CeleXx corporate web site at www.celexx.com

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements refer to future events, Company plans, management expectations and the like. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements. Risks and uncertainties such as general economic conditions, management's ability to carry out plans, market conditions, political climates, financing and many other factors exist that may cause actual results to differ materially.

Note to Editors: "America's most admired companies," Fortune Vol. 141, No. 4 February 21, 2000, can be reviewed at Fortune.com. The list and article from InformationWeek, Sept. 11, 2000, can be reviewed at InformationWeek.com. CeleXx is a trademark of CeleXx Corporation. All other names and trademarks remain the property of their respective companies.