Cyco.net Inc. Announces Tobacco E-Tailer's 5 Million Registration Goes Effective.

Business Editors

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--July 22, 2002

Today, Richard Urrea, president of Cyco.net Inc. (OTCBB:CYKE) announced: SB-2 5 Million Equity Line Registration goes effective.

Cyco.net Inc. received approval from the Securities and Exchange Commission for the company's 5 Million-Dollar Equity Line Funding Registration Statement.

Cyco.net Inc. is a leading Internet cigarette and tobacco retailer that operates the Web sites www.cycocigs.com and www.aabakismokes.com. Cyco.net's sites offer most premium brands, discount brands, and value brands. Cyco.net's prices on these cigarettes are consistently the lowest everyday prices on the Web.

Skyrocketing prices and high taxes on cigarettes cause consumers to regularly shop the lowest prices, as well as look for low cost alternatives not available at regular retail cigarette outlets due to competition for limited shelf space.

With the current trend of rising cigarette taxes and prices by cities, states, and manufacturers the prices are going through the roof causing the company to experience explosive growth. For example New York City smokers pay $7.50 per pack; Cyco.net Inc. smokers pay only $3 per pack or as low as a dollar per pack for discount brands, a $4.50 + savings.

National trends show that fewer smokers are quitting ... they are only reducing their intake or seeking alternative sources and brands. Albeit politically incorrect, smoking is part of the American Culture and many fixed income smokers like retirees and those on social security cannot afford $7.50 a pack.

Cyco.net Inc. was founded during the Internet boom with the idea that sooner or later the investment community would wake up and seek out companies that paid attention to fundamentals, such as keeping cost in check and responsible management.

The company believes that the advantage to "Internet Selling" is the ability to use computers to do the order-processing tasks eliminating the need for hundreds of employees. Cyco.net has been implementing this computer ordering process for 3.5 years proving its impact on containing cost.

For example the company is currently at $5 million in annual sales needing only five employees, it estimates quadrupling sales before additional employees are needed. The company feels that it can apply its order processing system to other products and services of its own as well as offering its service on a contractual basis.

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

For more information contact Richard Urrea at 505/344-9643.