Cosmoz.com Partners with AboveNet Communications, Inc. for Co-Location Services.

SAN FRANCISCO--(BUSINESS WIRE)--Aug. 24, 1999--

Cosmoz.com (OTC BB:CMOZ) today announced that it has partnered with AboveNet Communications Inc. (Nasdaq:ABOV), for co-location services.

In preparation for the September launch of Cosmoz.com's newly-designed portal, Cosmoz.com has selected a solution that offers flexible bandwidth capacity and can effectively handle major traffic spikes.

As a recognized leader in Internet co-location services, AboveNet offers a cost-effective platform for fault-tolerant services. AboveNet also provides superior Internet connectivity as well as access to 273 private and public peering relationships with leading ISPs in the U.S. and around the world. AboveNet will provide users with fast, dependable connections to Cosmoz.com's network of Web sites.

Cosmoz.com plans to build a scaleable infrastructure using a modular approach that can easily accommodate all future acquisitions. Cosmoz.com will also use this opportunity to ensure system integrity by using hardware and software certified for Y2K compliance.

"We are very excited to have obtained the services of AboveNet," said Wilfred Shaw, Cosmoz.com's CEO. "Our users will enjoy reliable access to our Web sites through the improved performance, even during peak traffic hours. "AboveNet's facilities are immune from natural disasters and power interruptions virtually eliminating any downtime for our users."

About AboveNet Communications Inc.

AboveNet Communications, Inc. is a leading provider of Internet connectivity and co-location solutions for high bandwidth and business-critical applications. AboveNet, headquartered in San Jose, is the architect of the Internet Service Exchange (ISX) -- a world class network that provides co-location services and Internet connectivity for Content Providers, ISPs, and Application Service Providers (ASPs). The AboveNet Global One-Hop Network is designed to deliver fast, scalable and reliable connections to the Internet and improves the Internet experience for end-users. With its Tier 1 status and ISO 9002 certification, AboveNet is seeking to serve the global community of the Internet. For more information on AboveNet and its service offering call 800/475-2733 or visit the company's Web site at www.above.net.

About Cosmoz.com

Cosmoz.com (http://www.cosmoz.com) is a leading diversified portal and Internet Venture Capital company focusing on development, investment and acquisition of high profile, high traffic, niche and unique Internet websites and web-based technologies.

The Cosmoz.com Portal provides all the content, functioning and ease of navigation users expect from major Internet Portals along with Free Email, Personalization and Real Time data that will be available soon.

Cosmoz.com's philosophy is to not only acquire Web sites but to grow and develop each company by offering them the financial, management and marketing resources needed in order to become a profitable company. Cosmoz.com's goal is to become a recognized brand in the Internet industry and is dedicated to the acquisition and development of up to 20 Web sites by the year 2000.

Cosmoz.com latest development is MonsterQuote.com (http://www.monsterquote.com), an online financial Web site that offers investors a wide range of investment tools such as market data, stock quotes, portfolio monitoring, news, financial analysis, investment research, charts and an unique feature called the "happy meter" which gives investors an overview of how their stocks are doing without having to view the actual numbers.

"We are aggressively continuing to acquire and develop more Web sites that will complement and add value to Cosmoz.com's Network of Web sites," said Wilfred Shaw, Chairman and CEO.

For more corporate information or if your company is interested in becoming a part of the Cosmoz.com Network, please visit us at (http://www.cosmoz.com).

Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation reform Act of 1995. 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.