CyberAds, Inc. to Change Name to Capital Asset Development Corporation; Stock Ticker Symbol to Remain OTC BB: CYAD.

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 13, 2003

CyberAds, Inc. (OTCBB:CYAD) announced today that it will be changing its name to Capital Asset Development Corporation. The company's stock will continue to trade on the Over the Counter Bulletin Board under the ticker symbol "CYAD." Shareholders will be notified of the official name change once proper documents and notices are filed with the appropriate regulatory bodies.

The Company's name change is in accordance with shifting its operational focus to that of land development and management of such projects, converting its main 'Mergers & Acquisitions' (M&A) focus to Real Estate holdings.

While its other subsidiaries will remain holdings of CYAD and continue to operate as independent profit centers, the core focus of the company's acquisition strategy and campaign will be on land development projects, starting with "The Vineyards." The company believes this new approach is in tune with its previously announced conviction of expanding its business and holdings to more traditional bricks & mortar operations.

CYAD's recent proposed acquisition of a 22% holding in "The Vineyards" is but the first of many Real Estate projects the company has planned; a strategy well advised and received by the company's investment partners and advisors. "The Vineyards", is a luxury motor coach country club, in Palm Springs, CA. with a $12 million dollar valuation at present and the prospect of an $100 million dollar plus valuation in the next 3 to 5 years, once all units are sold and expansions are complete. CYAD's current strategy of acquiring the majority stake-holding (over 80%) in "The Vineyards" is also attracting the attention of many on Wall Street, who are looking for more lucrative investment opportunities in young companies.

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 it's 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: Jacqueline Brown: 818.772.8970 http://www.cyberadsinc.com

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.