Chronicle Communications, Inc. Announces The Successful Conversion to Chapter 7 of the U.S. Bankruptcy Code of its Bright Now, Inc. Subsidiary.

Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--Feb. 8, 2000

Chronicle Communications, Inc., (OTCBB:CRNC), (http://www.chronicleinc.com) announced Tuesday that the Chapter 11 bankruptcy proceeding of its subsidiary, Bright Now, Inc., (&uot;BR&uot;) was converted to a Chapter 7 liquidation proceeding on February 7 and BR's commercial printing business was terminated at the close of business that day. Substantially all of the debt on Chronicle's consolidated balance sheet at 1999 year end and the first quarter of 2000 is from its BR subsidiary. Chronicle intends to divest itself of BR to remove its debts of approximately $1,631,341 from Chronicle's consolidated balance sheet for the second quarter ending at March 31, 2000.

Chronicle intends to remain in the commercial printing business through its newly formed subsidiary, Chronicle Commercial Printing, Inc. (&uot;CCP&uot;). CCP has received shipment of a new FAST-300 press which is now being installed in Chronicle's new facility located in the prestigious Sable Industrial Park in Tampa, Florida. Chronicle expects the new press to be fully operational by February 22, 2000. The new press, coupled with an aggressive marketing program, should enable Chronicle to triple production, as well as significantly reduce paper waste. Chronicle expects many of BR's commercial printing customers to select CCP as their new commercial printer, although there is no assurance any will do so. In addition to serving local customers, CCP will print high quality catalogs for Chronicle's AmeriComp Computers, Inc. subsidiary.

Special Note: Management believes certain statements in this press release may constitute &uot;forward-looking statements&uot; within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the performance of the company's anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses.