CorpHQ Announces Board Authorization to Forward-Split Its Outstanding Common Stock.

Business Editors

REDONDO BEACH, Calif.--(BUSINESS WIRE)--May 10, 2004

CorpHQ, Inc. (OTC:COHQ) today reported that its Board of Directors has approved a forward stock split covering all of its issued and outstanding shares of common stock. Effective as of 9:00 a.m. Pacific Time on May 18, 2004, every share of stock outstanding as of 5:00 p.m. Pacific Time on the record date, May 17, 2004, will immediately convert, without further consideration of any kind, into 10 shares of the company's common stock.

As of the date of this release, CorpHQ has 500,000,000 shares of common stock authorized, of which 9,110,368 are issued and outstanding. Following the forward stock split, the number of authorized shares will not have changed; however, there will be 91,103,680 shares of common stock issued and outstanding. Furthermore, CorpHQ currently has issued other securities which are convertible, exchangeable or exercisable into an additional 3,469,119 shares of the company's common stock. As of the Effective Time of the forward stock split, the common stock underlying these derivative securities will also be adjusted, such that, on a fully diluted basis, if it is assumed that every one of these securities is converted, exchanged or exercised into the maximum number of shares of common stock, there will be 125,794,870 shares of common stock issued and outstanding following the forward stock split.

CorpHQ Inc. operates as a holding company and business incubator. The Company organizes, invests in, and provides comprehensive management support and a variety of resources to high-potential companies. CorpHQ also acquires interests in and provides consultation to selected companies that are synergistic with its invested companies. Since 2001, CorpHQ has developed significant interests in five portfolio companies, which are in various stages of development.

Steve Crane, co-founder and CEO of CorpHQ, stated: "CorpHQ has been looking at a variety of ways to further implement the strategic plan we have adopted. We have recently become a voluntary reporting company on the Pink Sheets, and are working closely with our portfolio of incubating companies to seek more value for CorpHQ and its shareholders. The Board of Directors authorized this forward stock split in order to broaden our capital base and provide more liquidity for our shareholders. We feel that expanding our capital base may help us to develop a more robust market for our stock, which can help us, among other things, with potential acquisitions and other strategic arrangements."

About CorpHQ, Inc.

Since the inception of its predecessor company in 1993, CorpHQ, Inc. has evolved from an innovative online marketplace and virtual corporation for small and home-based businesses into a business consulting organization and holding company comprised of established and emerging companies. The CorpHQ companies address vertical market segments in the Consumer Products, Services and Technology industries. For additional information please visit the Company's website at www.corphq.com.

Forward-Looking Statements 

Any statements made in this press release which are not historical facts contain certain "forward-looking statements", as such term is defined in the Private Securities Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of the management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties, including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues, and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

This press release is available at www.corphq.com and http://www.pinksheets.com/quote/quote.jsp?symbol=COHQ.