CyPost Reports Third Quarter 2001 Financial Results; Company Sees Significant Improvement in Earnings Per Share During Quarter.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 15, 2001

CyPost Corporation (OTCBB:POST) today announced its revenues and earnings for the third quarter ending September 30, 2001.

Revenues for the third quarter ending September 30, 2001 were $856,644 compared with $1,292,162 for the third quarter of 2000, a decrease of 33.8%. The decrease in revenue was primarily due to a decrease in marketing related activities, and the prolonged tightening of technology related sector spending. The net income for the quarter ending September 30, 2001 was $1,763,151 compared with a net loss of $805,086 for the third quarter of last year. The per share gain for the third quarter ending September 30, 2001 was $.08, as compared with a per share loss of $.04 for the third quarter of last year. These results are due to an extraordinary accounting event resulting in the elimination of the company's debt in the amount of $2,498,449.46 including interest charges of $44,450.27.

"We are very pleased in the direction CyPost is heading," said Sandra Lynn Warren, President of CyPost, adding further that, "having reduced our operating costs, and implemented policies to further maximize operational efficiency, we are turning our focus to various marketing initiatives, in particular, expanding CyPost's presence in the US for Internet services."

CyPost also announced that it has filed its Securities and Exchange Commission Form 10-Q for the quarterly period ended September 30, 2001. The company's complete financial results can be found by visiting www.cypost.com or www.sec.gov.

About CyPost Corporation

Founded in September 1997, CyPost Corporation, via its wholly owned subsidiaries, offers a full range of consumer Internet access services and a broad selection of business services, both of which are offered regionally in the Pacific Northwest and nationwide in Canada. These services are tailored to the specific demands of both its business and residential customers and include connectivity, server co-locations, e-mail, Web hosting, high-speed Internet access and other value-added services. CyPost is also positioning its business to enter the managed security service provider market (MSP) to provide its Network of Service Providers additional privacy and protection solutions such as managed anti-virus, firewall, VPN, intrusion detection and filtering services.

Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect CyPost Corporation's business and prospects and cause actual results to differ materially from these forward looking statements.