Chattown.com Network Inc. Files Third Quarter 10-QSB Showing Nine Month Revenues Up 347% From Same Period 1999.

Business Editors/High-Tech Writers

SARASOTA, Fla.--(BUSINESS WIRE)--Nov. 17, 2000

Chattown.com Network Inc. (OTCBB:CTWN), announced today that it has filed its third quarter 10-QSB ending September 30, 2000 with the SEC on November 14, 2000.

The Company had revenues of $837,357 for the nine months ended September 30, 2000, compared to revenues of $291,209 for the nine months ended September 30, 1999. Selling, general and administrative expenses decreased from $564,952 for the nine months ended September 30, 1999, to $265,723 for the comparable period in 2000. The Company had a loss from operations of $273,743 for the nine months ended September 30, 1999, compared to net income from operations of $571,634 for the nine months ended September 30, 2000. The Company had net income of $368,440 for the nine months ended September 30, 2000, compared to a loss of $136,833 for the comparable 1999 period.

The Company's revenues increased from $107,741 for the three month period ended September 30, 1999, to $125,621 for the three month period ended September 30, 2000. The Company's revenues for the three months ended September 30, 2000, declined from its revenues of $279,844 for the three months ended June 30, 2000. The Company believes that its business declines during the third quarter of each calendar year for seasonal reasons.

"Again while we are very pleased with our company's current revenue we certainly are not satisfied," said Thomas P. Clay, CEO. "Our company is emphasizing on carving out a unique identity from that of others in the same sector, especially enlightened to the fallout from many of the well known web properties. We strongly believe in controlling the resources that we have and not to try and overextend ourselves and play the catchup game, we believe this is where many of the young startup companies dig themselves into a deep whole that they find impossible to climb out from."

About Chattown.com Network, Inc.

Chattown.com'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. Current web sites offer interactive video and audio technology, e-sweeps, online shopping, financial content, and other e-commerce services.

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.