Corpas Investments Announces `Out of this World' Acquisition.

Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--March 17, 2000

Corpas Investments, Inc. (OTCBB:CPIM.ob) announced today that it has closed on an exclusive use of license purchase of the largest library of UFO, paranormal and unexplained phenomenon documentary programs in the world. Along with the distribution license for over 100 one-hour titles, Corpas has also acquired rights to the URL UFOCENTRAL.com and the ownership of UFOTV.com.

"This rollup fits right into our company's strategy of being a top three player in any specialty niche programming area we enter," says Gene Fein, President of Corpas. "With over 90% of the world's UFO documentaries in-house, we now rank number one in this genre."

Last week Corpas announced the acquisition of Extreme Distribution, the first company to "rack" extreme sports videos in more than 10 major chain retailers including Tower Records and Blockbuster Video.

Internationally, Extreme Distribution has contracts with Yoshimoto Kogyo Co. Ltd and Fandango, an Internet service founded by Asian telecommunications giant KDD that gives Corpas access to translated Internet services into all of Asia.

Also included in the deal is an alliance with National Television Distribution Center and SurfChannel.com through which Corpas can place up to one hour of its programming into over 142 million households worldwide every day for the next two years.

"The UFO library will join our expanding content holdings now in excess of 1000 hours of specialty programming," explained Ross Love, CEO of Corpas, "We are searching the world for existing content that fits our model. The UFO tapes are a perfect example of the kind of libraries we are seeking. They will be racked for retail and re-licensed for broadcast TV and satellite around the world. UFOTV.com will act as both an information and retail outlet. We have plans for an extensive community area where our viewers can interact with each other discussing the current issues of the day. The paranormal always makes for entertaining discussions. We think this will be one of our most active communities."

Corpas plans to have their new site UFOTV.com active within the next 60 days.

Corpas Investments, Inc. (CPIM.ob) is a leading niche programming and worldwide distribution holding company. Current content holdings include but are not limited to, Extreme Sports, Continuing Medical Education (CME) and Paranormal Phenomenon. Corpas Investments is also a leading worldwide distributor of niche programming with content distribution contracts for Internet, TV, satellite and retail rack distribution. Corpas Investments is also a leader in live Extreme Sporting Events, owning the Planet Extreme Championships, a competition of the world's best extreme athletes competing for the largest prize in Extreme Sports, and The Planet Extreme Film Festival, the first 20-college tour of extreme sports films.

The statements contained in this press release, which are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. In particular, the information set forth herein with respect to plans, projections or future performance of the company involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the programs described here. There can be no assurance that the transactions will be consummated.