CyberAds, Inc. Appoints New Management Team.

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 16, 2003

CyberAds, Inc. (OTCBB:CYAD) announced today that it has appointed Mr. Walt Tatum to lead the management team of CyberAds effective November 5, 2003 while the company creates the long-term vision and planning to finalize a three-year business plan. This appointment further solidifies the strategic direction of the company, with Mr. Tatum's leadership and experience in building brick and mortar businesses, along with his M & A experience. Current CYAD management believes that Mr. Tatum will help CyberAds accelerate its ambitious growth plans.

"I'm very excited to be joining a management team that has developed an initial vision, with focus and added depth to the strategic plan," says Walt Tatum, "a plan I believe that will enable CyberAds to expand its business to more traditional bricks & mortar, B2B processes in addition to expanding the Internet marketing engine to consumers."

Mr. Tatum held the office of VP of Sales for DMX Music (Headquartered in LA) for 9 years and was responsible for developing the company's direct sales offices as well as for M & A. During his tenure he acquired 7 companies in addition to opening up sales offices in strategic locations throughout the top 50 MSA's. DMX Music is a worldwide leader in providing music programming.

Mr. Tatum's experience in start-ups, acquisitions, developing and running sales organizations provides him with a unique skill set which includes budgeting, P & L analysis, Strategic Planning, Business Planning, Forecasting, and a complete understanding of all facets of Finance, Admin, Operations, and Human Resources.

The CyberAds management team has aggressively implemented a strategic plan that the company believes with be beneficial to the company and its shareholders in the long-term.

CyberAds, Inc. (http://www.cyberadsinc.com) is a holding company for three subsidiaries, Freecellular.com, a free cellular phone service, ApprovedBankcard.com, a pre-paid Mastercard that helps consumers establish a good credit rating and BeneficialHealthCare.com, a discount healthcare card service that provides up to 60% discount on medical bills. Operating out of Boca Raton, Florida, the company has embarked on an acquisition campaign that is focused on 'bricks and mortar' companies with positive cash flow and a potential for growth. The Company's primary business is focused on the development and marketing of its current subsidiaries and systematically building its revenue structure. CYAD has set out to provide services that advance and enhance the quality of life for consumers. It has expanded its existing portfolio of companies to include the luxury motor coach country club "The Vineyards, of which it has acquired a 22% interest. Media Contact:

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission, such as the Company's Form 15C211 for the fiscal year ended September 30, 2001. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.