New England Acquistion, Inc. Acquires CJC Enterprise of New York, Inc.

Business Editors

STANFORD, Conn.--(BUSINESS WIRE)--March 3, 2003

New England Acquisitions, Inc.(OTCBB:NEAQ) announce that on February 27, 2003 it acquired CJC Enterprises of New York, Inc. as a wholly owned subsidiary.

CJC opened a retail store under the name "Jazz Audio and Stereo" in Center Moriches, New York on February 17, 2003 which sells and installs automotive stereo systems, security devices and related products.

NEAQ purchased the shares of CJC from Eugene Cella, the brother of New England's President. Although Mr. Cella owns and operates two other similar stores using the same name which are also located in Suffolk County, New York, NEAQ has no interest those stores.

The purchase price paid by NEAQ to Mr. Cella was 100,000 shares of NEAQ's common stock. Except as described in the following sentence, if the current value, as defined in the Stock Purchase Agreement with Mr. Cella, of the shares is less than $250,000 on the first day that the New York Stock Exchange is open for trading subsequent to February 27, 2004, Mr. Cella will have the right to rescind the transaction. If Mr. Cella informs NEAQ that he desires to rescind, New England may, however, issue to Mr. Cella securities whose then current value when added to the then current value of the 100,000 shares paid to Mr. Cella is not less than $250,000. If NEAQ exercises its option to issue such additional securities to Mr. Cella, Mr. Cella's right of rescission will terminate.

NEAQ has also obtained the limited right to open or franchise additional "Jazz Audio and Stereo" stores provided that New England bears all costs and issues 50,000 shares of its common stock to Mr. Cella for each such additional store. Mr. Cella has entered into a ten year employment agreement with CJC which may be terminated by Mr. Cella at any time subsequent to the second year.

For further information about New England Acquisitions, Inc. contact Gary Cella, President, at 203-328-3058.

Included in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain internal and external factors.