ClearWorks Moves Forward to Become a Fully Reporting Company.

HOUSTON--(BUSINESS WIRE)--Sept. 22, 1999--

ClearWorks.net (OTCBB:CLWK) announced today that the Company is in the normal course of progression with the current SEC review process of becoming a fully reporting company. The routine process includes the current filing of the Company's amended Form 10-SB, which was filed on Sept. 20, 1999 with the SEC. The Form 10-SB was amended to include responses to SEC comments and to fulfill the requirements of becoming a fully reporting company. The Company anticipates the continuance of its current process and will continue to fulfill its responsibilities to come into full compliance. ClearWorks.net is one of the nation's leading provider of Fiber To The Home (FTTH) for the delivery of Bundled Digital Services(SM) including high speed Internet connectivity, dial-tone, digital multi-channel video, on-demand video rental and other digital services.

"Our process to become fully reporting has been underway since June of 1999. We have made good progress in the delivery of our Form 10-SB incorporating all current SEC comments. We will continue our process over the next several weeks and are extremely confident that we will establish ourselves as a fully reporting company," stated Mr. McClere, the Company's CEO.

The Company falls within the SEC listing requirement dates for companies that begin with letters "CI-CT". As such, the Company has responded and has filed its amended Form 10-SB incorporating current SEC comments. The Company's process entails 30-day notification of delisting from the OTC BB, which is represented by a symbol change. Starting on Friday, Sept. 24, 1999, ClearWorks.net's ticker symbol will change to "CLWKE" which denotes 30 days remaining in the process to become fully reporting.

On Jan. 4, 1999 the Securities and Exchange Commission (SEC) approved amendments to NASD Rules 6530 and 6540 (Rules) to limit quotations on the OTCBB to the securities of companies that report their current financial information to the SEC, banking, or insurance regulators. The new Rules are intended to ensure that investors in OTCBB securities have access to reliable and current information about the issuers of these securities.

The new Eligibility Rule was effective immediately for securities not quoted on the OTCBB on Jan. 4, 1999. Issuers whose securities were quoted on the OTCBB as of Jan. 4, 1999 and have continued to be quoted will be required to comply with the Eligibility Rule according to a phase-in schedule starting in July 1999 and continuing through June 2000. The delayed effectiveness of the Rule is designed to enable broker-dealers, investors, and issuers to take appropriate action.

The Eligibility Rule provides that, in order for a security to continue being quoted on the OTCBB, the issuer must be required to make periodic filings with the SEC, or with banking or insurance regulators, and be current with those filings. The NASD will affix a modifier "E" on the security symbol of any securities issuer that does not meet the requirements of the Eligibility Rule. The addition of the modifier will be publicly reported on the OTCBB Daily List, which is available on the OTCBB Web site at www.otcbb.com. The "E" also will be evident to the quoting broker-dealers when they access the security on the NASDAQ Workstation. Once an issuer is deemed not to be in compliance with the Eligibility Rule, the security may continue to be quoted on the OTCBB for a 30 or 60 calendar day grace period from the date that the "E" modifier was appended on the security symbol, depending on the type of issuer. After the grace period, quotations in non-compliant securities will not be permitted on the OTCBB, and member firms will be prohibited from quoting the issuer's security on the OTCBB.

The exemption granted by the SEC from Rule 15c2-11 will permit broker-dealers to publish or submit quotations in other quotation mediums, including the National Quotation Bureau's Pink Sheets, for securities being removed from the OTCBB pursuant to NASD Rule 6530 subject to the following conditions:

1. A broker or dealer must have in its records information specified in paragraphs (a)(5)(i), (a)(5)(ii), and (a)(5)(viii) of Rule 15c2-11;

2. The security was quoted in the OTCBB from Jan. 4, 1999 until the date of its removal;

3. The NASD has appended the covered security's symbol to indicate that it is not compliant with Rule 6530; and,

4. A broker or dealer must have published quotations in the covered security in the OTCBB on at least 12 business days during the preceding 30 calendar days, with no more than four consecutive business days without quotations.

This exemption will expire when the implementation of the Eligibility Rule is complete.

(The source for this information was the OTC Bulletin Board. For more details concerning these rules and regulations, please go to www.otcbb.com/news/EligibilityRule.)

Certain statements in this release are forward-looking. Although ClearWorks.net (the Company) believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Tech Technology Services, L.L.C. (TTS) is a public relations firm employed by the Company. Statements and opinions presented here represent the views of the Company, not TTS, as the release is based on information provided by the Company. TTS and the Company believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. TTS and its employees can have a position in the securities of the companies in which it distributes information for media use, and may be buying or selling securities in the course of its regular business.