Chattown.com Network Inc. Adds Childsgear.com.

Business and High-Tech Editors

SARASOTA, Fla.--(BUSINESS WIRE)--Aug. 20, 2000

Chattown.com Network, Inc. (OTC BB:CTWN), today announced that it has added children's games store Childsgear.com to its network.

Childsgear.com introduces the fun and easy way to buy the best toys for every age. From the hottest board games and video games for the big kids, to bath toys, plush animals and ride-ons for the little ones. Toys that help build skills, encourage learning and, most of all, let kids be kids.

"Childsgear.com allows us to target the ever popular and exploding children's toys and games arena," said Thomas P. Clay, CEO. "We plan to not only offer toys and games but offer children's clothing apparel as well. We are approaching our cumulative goal of 35-40 web sites by year-end 2000 and expect that the Chattown.com Network will be one of the largest network of web sites offering an array of products and services".

The company has submitted its 10-QSB to be filed for second quarter ended June 30, 2000 and expects it to be viewable online within a day or two.

About Chattown.com Network, Inc.:

Chattown.com is the main portal used by VPM, an Internet marketing and spawning company. Chattown's primary business model is to diversify and develop feature-rich web sites with unique content which will enable it to expand its global reach and overall market share. Chattown.com Network, Inc. expects to expand its holdings to nearly 40 web sites of various content by year-end 2000. The sites will offer interactive video and audio technology, online shopping, financial content, and other e-commerce services. Including the latest additions, the Chattown.com Network, Inc. includes the following 14 web sites:

Chattown.com -- ChattownUSA.com -- HoundDog.com -- Loversonly.com -- Chattersworld.com -- 1chatblvd.com -- Chitterchatter.com -- Chatsports.com -- Chatpolitics.com -- Bell2Bell.com -- PennyPicks.com -- StockMarketChat.com -- ZoneDk.com -- Childsgear.com.

VPM's business objectives are: 1) acquiring and developing Internet and technology companies; 2) providing a full line of dynamic marketing services to emerging Internet companies in order to increase awareness of their business; 3) creating and expanding niche Internet companies within the Chattown.com Network.

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance, of products and technologies, competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Chattown.com Network, Inc. may achieve may differ materially from any forward-looking statements due to such risks and uncertainties. Management strongly recommends that you read this press release in conjunction with its most recent Form 10-Q and Form 10-K, as well as its other public disclosure documents, which can be viewed at http://www.sec.gov.