Coverage Initiated on Circle Group Internet, Inc. - CRGQ.

Business/Technology Editors

MUNDELEIN, Ill.--(BUSINESS WIRE)--July 30, 2002

J.M. Dutton & Associates initiated research coverage last week on Circle Group Internet, Inc. (OTC BB:CRGQ) with a Neutral recommendation. The 12-page report by J.M. Dutton senior analyst, Richard W. West, CFA is available at www.jmdutton.com as well as from Zacks, First Call, Multex, and other leading financial portals.

Founded in 1994, Circle is a funding and consulting source for emerging technology companies. Through its wholly owned NASD-Registered broker-dealer, CGI Capital, Inc., Circle Group offers companies various funding solutions. Circle Group also offers in-house digital design services and business consulting solutions through CGI Total Media, Inc., and Consulting CGI. Circle Group was the first company to complete an entire end-to-end capital raising campaign over the Internet without the assistance of the traditional investment banking community.

In the report, Mr. West states, "We acknowledge that Circle Group has the infrastructure and management in place to support the core business of assisting small and developing companies to raise capital."

Richard W. West, CFA, a graduate of the University of Pennsylvania's Wharton School, has worked in investment management and research since the early 1970's. Initially with Delaware Management, he joined Brittingham, Inc., from 1974 to 1983 where his responsibilities included management of the U.S. portfolio of the Nobel Foundation, one of the premier growth portfolios of its time. West formed an investment management and research firm in the mid-1980's specializing in small-cap growth stock analysis.

About JM Dutton & Associates

Dutton & Associates is one of the largest independent investment research firms in the U.S. Its 17 senior analysts, primarily CFAs, have expertise in many industries including healthcare, technology, finance, banking, mining, gaming, and energy. Dutton & Associates provides economically bias-free, continuing analyst coverage of enrolled companies, and its institutional-quality research, estimates, and recommendations are carried in all the major databases serving institutions and online investors. The cost of enrollment in the Dutton & Associates one-year continuing research program is US $25,000 prepaid before commencement of its research activities. Dutton & Associates does not accept payment of any of its fees in company stock. Its principals and analysts are prohibited from owning or trading in securities of covered companies. Please read full disclosures at www.jmdutton.com before investing.