Metropolitan Worldwide, Inc. Reports Preliminary Offer to Repurchase NicStic AG Common Shares and Possible Acquisition of Certain Company Licenses.

KREUZLINGEN, Switzerland & FORT LAUDERDALE, Fla. -- METROPOLITAN WORLDWIDE, INC. (Pink Sheets: MWWM)(or the "Company") announced today that it intends to consolidate all of its prior announced activities with respect to NicStic, the first non-smoking cigarette to soon be distributed in the United States with other media, promotional and entertainment activities. The new division, or possibly subsidiary, which will soon be determined, will be known as Fabulous-Promotion and Entertainment and will develop public relations and marketing campaigns for not only NicStic,but also for other products or merchandise that would be marketed and sold in the same sales distribution channels as NicStic.

CobraCrest KGAA (CobraCrest), a German company whose common shares are traded publicly on the Frankfurt Exchange, recently made an offer to NicStic AG of Switzerland, the holder of the patent on NicStic, to acquire 52% of the common shares of NicStic AG. In connection with this proposed transaction, the Company agreed to escrow one million shares of its holdings in NicStic AG as part of the offer, subject to NicStic AG's and the Company's due diligence, fairness opinions obtained by each company's Board of Directors and the consummation of a definitive purchase agreement. Presuming that all conditions to a definitive agreement are met, the Company would then release the escrowed one million shares to CobraCrest and receive its proportionate share of the consideration to be paid by CobraCrest for the 52% of NicStic AG. In addition, CobraCrest has commenced separate discussions with the Company with respect to the possible acquisition of the Company's exclusive manufacturing and distribution rights of the NicStic product in the North and South American territories that are presently a part of Fabulous-Promotion and Entertainment

According to Evert Wilbrink, President of the Company, "We intend to continue with a dual strategy of both bringing the NicStic and complimentary products to market in the Americas as well as to explore merger and acquisition transactions that could provide substantial upside value to our shareholders."

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