Dstage Appoints Rounsevelle W. Schaum As President and Director.

Business Editors

DENVER--(BUSINESS WIRE)--Oct. 23, 2002

Dstage.com, Inc. (OTCBB:DSTG), pioneers of a new approach to venture formation, today announced that its Board of Directors has appointed Rounsevelle "Skip" W. Schaum as President and Director, effective immediately. A graduate of Harvard Business School and Stanford, Mr. Schaum's addition is expected to further the Company's pursuit of defining the future of venture formation. Concurrent with Mr. Schaum's appointment, Sue Perrault, who served as the Company's president since its founding, will resign as Director and President.

"Having just celebrated my third anniversary of serving as the President and as a Director of Dstage, I can't think of a more fitting reward than to be succeeded by someone with the experience, intellect and business savvy Mr. Schaum brings to the table," according to former Dstage President Sue Perrault.

"There is little room to question the dedication and commitment of professionals that choose to serve as Officers and Directors of Dstage," according to Dstage Chairman Don Marinari. "Seeing Sue's tireless efforts over the past three years has been an inspiration to the entire Dstage team. With a model that compensates executives purely in the form of common stock, only professionals that believe in the prospects for a company's success sign on. We are extremely pleased with the addition of our newest team member."

Mr. Schaum is the Chairman of Newport Capital Partners, Inc., an investment banking firm specializing in providing financial advisory services to emerging growth companies.

He is a graduate of Phillips Andover Academy and holds a Bachelor of Science degree in Mechanical Engineering from Stanford University and an MBA degree from the Harvard Business School. He was also a member of the faculty and Defense Research Staff of the Massachusetts Institute of Technology, where he participated in the development of the computer programs for the Ballistic Missile Early Warning System.

He is a director and chairman of the audit committee of the Quigley Corporation (Nasdaq: QGLY) and was a founder and director of Streaming Media Corporation. He was also the Chairman and CEO of BusinessNet Holdings Corporation and has served as a crisis manager for Heller Financial Corporation. He also served on the District Advisory Council of the U.S. Small Business Administration; as Chairman of the California Small Business Development Corporation, a private venture capital syndicate; and was the founder and Managing Director of the Center of Management Sciences, a consulting firm serving the aerospace industry. He was the principal author of the "Weapon Systems Management Guide" under contract to the Office of the Secretary of Defense.

Mr. Schaum resides in Newport, Rhode Island, where he has been active in civic affairs. He is a member of the Naval War College Foundation

and a director of the Newport Historical Society.

About Dstage

Dstage.com, Inc. was formed in October of 1999 to pursue a new approach to venture formation and development. The Dstage model attempts to substantially reduce burdensome cash requirements from the earliest stages of venture creation and replace it with proven knowledge, expertise, technology and other forms of "securitized" intellectual capital. To learn more about the Dstage approach to venture formation and intellectual capital securitization, please email your request to [e-mail]. For general information about the company, please visit the Company's Investor Relations Center at WWW.DSTAGE.COM.

Forward-Looking Statement Disclosure

In conjunction with the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectation. Further information on potential factors that could affect Dstage.com, Inc. is included in the Company's filings with the Securities and Exchange Commission.