Communicate.com Reports Record Revenues and 7th Consecutive Profitable Quarter for Q3 2004; Projects Record Year End.

VANCOUVER, British Columbia -- Third bullet of release should read: Record product sales of $445,271 for the third quarter of 2004, compared to $130,298 for the same period in 2003 (sted Record product sales of $445,271 for the third quarter of 2004, compared to -130,298 for the same period in 2003).

The corrected release reads:

COMMUNICATE.COM REPORTS RECORD REVENUES AND 7TH CONSECUTIVE PROFITABLE QUARTER FOR Q3 2004; PROJECTS RECORD YEAR END

Communicate.com Inc. (OTCBB:CMNN), a profitable growth eCommerce company, today announced results for the third quarter and nine months ended September 30, 2004 (all figures expressed in U.S. dollars).

Financial Highlights:

-- Record revenues of $817,156 for the third quarter of 2004, compared to $394,734 for the same period in 2003

-- Net income of $137,257 for the third quarter of 2004, compared to $144,481 for the same period in 2003

-- Record product sales of $445,271 for the third quarter of 2004, compared to $130,298 for the same period in 2003

-- Record revenues of $2,046,372 for the first nine months of 2004, compared to $649,676 for the same period in 2003

-- Record net income of $303,352 for the first nine months of 2004, compared to $178,042 for the same period in 2003

-- Record product sales of $1,048,483 for the first nine months of 2004, compared to $186,056 for the same period in 2003

-- Cash and cash equivalents of $585,576 as of Sept. 30, 2004, compared to $252,066 as of Sept. 30, 2003

-- Working capital increased to $138,281 as of Sept. 30, 2004, compared to a working capital deficit of 153,694, as of Sept. 30, 2003.

Corporate Highlights, Third Quarter:

-- Removal of "going-concern" cautionary statements from CMNN's financial statements

-- Addition of 2000 hair care and skincare skus at Perfume.com, bringing its entire online product offering to 6,000 skus. Brands added include Lancome, Clinique, Aveda, Joico, Tigi, Paul Mitchell  and Matrix

-- Received fifth $200,000 payment from Manhattan Assets Corp. towards the purchase of four URLs for $1 million. Communicate.com maintains a five percent royalty on gross revenues

-- Importers.com, CMNN's rapidly growing subscription-based B2B  trade portal, surpasses 20,000 members and averages almost 100 new signups daily

"Some positive third quarter developments should help pave the way for continued growth," said David Jeffs, President of Communicate.com. "First, we significantly improved our balance sheet and eliminated our working capital deficit. Second, we hired additional key employees to accelerate the development and marketing of our core eCommerce businesses. Currently, we are seeing remarkable growth at our online retail sites compared to the same period last year and our advertising revenues are up considerably as well. Accordingly, Communicate.com should achieve record revenues and profitability for the fourth quarter."

Selected Income Statement Data (Unaudited):

Three Months Ended         Nine Months Ended
                             Sept. 30,                  Sept. 30,
                          2004        2003         2004         2003
                      --------    --------   ----------     --------
Revenues              $817,156    $394,734   $2,046,372     $649,676
Gross Profit           363,795     271,200      932,951      479,741
Net Income             137,257     144,481      303,352      178,042
Earnings Per Share       $0.01       $0.01        $0.02        $0.01
Weighted Average
 Shares Outstanding     14.93M      14.69M       14.86M       14.69M


Selected Balance Sheet Data (Unaudited):
                                                     As of Sept. 30,
                                                       2004     2003
                                                   -------- --------
Cash and Cash Equivalents                          $585,576 $252,066

Communicate.com's quarterly report on Form 10-QSB as filed with the U.S. Securities and Exchange Commission can be accessed at Nasdaq.com via http://communicate.com/investor.php.

About Communicate.com:

Headquartered in Vancouver, Canada, Communicate.com is a profitable, emerging growth eCommerce company that owns, develops and operates some of the internet's most recognizable brands, including Perfume.com, Boxing.com, Karate.com and Importers.com. Communicate.com's websites specialize in consumer goods, travel & leisure and B2B. Our web properties intuitively attract approximately one million targeted visitors and potential clients per month with no marketing costs, giving us a competitive advantage in customer acquisition and price. For more information, please visit www.communicate.com.

This news release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein. Further information on potential factors that could affect the financial results of Communicate.com is included in the Company's filings with the U.S. Securities and Exchange Commission.