Chattown.com Network Inc. Changes Name To eLocity Networks Corporation.

Business Editors

SARASOTA, Fla.--(BUSINESS WIRE)--Jan. 4, 2001

Chattown.com Network, Inc. today announced that it has changed its name to eLocity Networks Corporation trading under the new symbol (OTCBB:ELOC).

Management expressed the purpose for a name change is to better reflect its business model. Chattown.com will still remain the company's primary community portal. The company's business objective is to expand on its current networks that include: Financial, eCommerce, interactive entertainment, search portals, sweeps and opt-in email. The company also entered into a purchased agreement with HAN LLC for the domain name eLocity.com.

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 eLocity Networks Corporation 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.