Cosmoz.com Invests in Ridgewood Capital Venture Partners.

SAN RAMON, Calif.--(BUSINESS WIRE)--July 6, 1999--

Cosmoz.com (OTC BB:CMOZ) today announced that it has invested $250,000 in a venture capital fund managed by Ridgewood Capital Venture Partners.

Ridgewood Capital specializes in acquiring significant interests in emerging companies with well-developed products in multi-billion dollar markets. Cosmoz.com is particularly impressed by Ridgewood Capital's ability to invest at an early stage thereby securing greater equity at much lower valuations.

Ridgewood Capital was an early investor in Medibuy.com, which recently completed a second round of venture funding, attracting the nation's most prominent venture funds, including Kleiner, Perkins, Caufield & Byers, Sequoia Capital and Oak Partners. Ridgewood Capital is also the lead investor in InViso's first round of financing.

"We intend to maximize shareholder value by placing an investment with Ridgewood Capital", said Wilfred Shaw, CEO of Cosmoz.com. "We feel that such an investment, combined with the continued acquisition, development, and marketing of niche websites will significantly enhance the overall value of our portfolio."

Medibuy.com is an e-commerce business-to-business service matching online buyers and sellers of medical supplies, products and equipment. Registered buyers can post a request for proposal on the site and registered vendors will respond with their bids. The company anticipates over $100 million of revenue by 2001.

Kleiner, Perkins, Caufield & Byers made investments in America OnLine, Amazon.com, Netscape, and Healtheon. Sequoia Capital was an early investor in Cisco Systems, Yahoo! and Apple Computer, while Oak Partners were among the early investors in Compaq, Seagate Technologies, TheStreet.com and Inktomi.

InViso is a leading developer of the "micro-display", which uses "reflective CMOS" technology enabling users to view a postage stamp-sized LCD screen as if it were a 19-inch monitor. InViso investors include Gordon Moore, co-founder of Intel and Paul Allen, co-founder of Microsoft.

The Cosmoz.com Network

The Cosmoz.com Portal (http://www.Cosmoz.com) is modeled after leading Portals and Internet Venture Companies such as Yahoo! (NASDAQ: YHOO - news), Go2Net, CMGI (NASDAQ:CMGI - news), Lycos (NASDAQ:LCOS news), AltaVista (NASDAQ:CPQ - news), Excite (NASDAQ:XCIT news) and Netscape Netcenter (NYSE: AOL - news), as a stand alone business and with the expressed purpose of marketing the web sites within the Cosmoz Network. The Cosmoz.com integrated Portal provides several unique features, plus all the content, functioning and ease of navigation users expect from major Internet Portals. Additional features such as Free Email and Personalization are in the process of being integrated into the portal. Cosmoz.com owned web sites also provide unique content, integrated into the Cosmoz.com Portal. This adds value to the Cosmoz.com Portal, which advertises and serves as a window to other Cosmoz.com web sites. The Cosmoz.com Portal also provides corporate information such as Cosmoz.com news releases, contact information, employment opportunities, Corporate information and how to sell your web site.

"Cosmoz is now well-positioned to aggressively build the Cosmoz brand and network, accelerate the growth and acquisition strategies, and improve the existing properties and infrastructure," said Wilfred Shaw, Chairman and CEO.

About Cosmoz.com

Cosmoz.com's (http://www.cosmoz.com) mission is to become a recognized leader in the development, acquisition and investment of high profile, high traffic, niche market -- Internet related businesses and web-based technologies. Cosmoz.com's goal is to become a major force in the Internet industry and is dedicated to the development and acquisition of up to 20 web sites by the year 2000.

Cosmoz currently acquired Kingfine.com, an online resource Webster for the active investors with almost 15,000 subscribers, and, is currently in different phases of closing 3 to 4 more web sites acquisitions. Also, Cosmoz has recently signed a binding to acquire StreetIQ.com, a leading Internet women's financial web site. Furthermore, negotiations with several acquisition candidates and investment opportunities are ongoing. "We are excited about our current pace of development and are on our way to reach our goal of creating a network of web sites under the Cosmoz Portal," said Wilfred Shaw, CEO of Cosmoz.com. "Our company is growing at a rapid pace and we are actively seeking more acquisition candidates," he added.

Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation reform Act of1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.