Cyco.net Inc. Exits Online Cigarette Business.

Business Editors

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--July 28, 2003

Today Richard Urrea, president of Cyco.net Inc. (OTCBB:CYKE) announces: As of July 1, Cyco.net Inc. is no longer in the online cigarette business and has sold its domains and processing software.

Due to the cost needed to defend the company from various legal claims, the management felt regardless of who is right, the cost to defend the company would bankrupt the company. Also, the stigma of tobacco has had an adverse effect on the company's stock value. The company plans to utilize the $5 million equity line it has in place to venture into another line of business.

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 four employees; it estimated quadrupling sales before additional employees were 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.