Sagemark Announces Investment in PrintOnTheNet.com, Inc.

Business Editor

HOUSTON, Texas--(BUSINESS WIRE)--June 19, 2000

The Sagemark Companies Ltd.("Sagemark" or the "Company") (OTCBB: SKCO - news) announced today the closing of an equity investment in PrintOnTheNet.com, Inc. ("PrintOnTheNet") (OTCBB: POTN - news) based in Fort Lauderdale, FL.

Sagemark's financing involved the issuance of 125,000 shares of Series B Convertible Preferred Stock from PrintOnTheNet to Sagemark Capital. Each share of Preferred stock is automatically convertible into 20 shares of Common Stock at such time as PrintOnTheNet has sufficient authorized number of shares of Common Stock to permit the conversion of all the shares of Preferred stock sold in the total financing.

PrintOnTheNet is an Internet based provider of on-line printing services for small to medium-sized businesses. PrintOnTheNet offers businesses access to a private customized secure web site containing a digital catalog of their custom printed material, which they can modify, proof and procure from any Internet enabled personal computer. The web site employs graphic on-the-fly technology, which enables users to see an image of their print job before submitting a final order. PrintOnTheNet's printing services offer customers a one-stop shop for addressing their printing needs while reducing the time and costs associated with ordering printed business materials as well as reducing the possibility of error in the printing process.

Sagemark is a financial services company that seeks to identify, acquire, develop and support emerging growth Internet and technology companies. The Company works closely with its subsidiary companies to provide operational and management services in an attempt to build value for our shareowners. These services include active strategic management, operating guidance, merger and acquisition assistance, board participation and recruitment, and innovative financing. Sagemark's current holdings include interests in Gavelnet.com, an online premium collectibles auction site; Information Highway, a provider of integrated communications services; enTotal.com, an online marketplace for telecommunication services; People Solutions, Inc., a full-service provider of human resource management solutions; and FutureMed a manufacturer of minimally invasive medical devices.

Sagemark Capital, LP ("Sagemark Capital"), in which the company holds a limited partneship interest, funded the PrintOnTheNet investment. Sagemark Capital is currently applying for a license by the SBA to become a Small Business Investment Company ("SBIC"). If Sagemark Capital is successful in obtaining an SBIC license, then it will be able to obtain inexpensive capital of up to three times its private capital from the SBA. The Sagemark Capital loans from the SBA, if any, are repayable 10 years from the execution of the loan. The interest payable on the loan amount is comparable to a slight premium to the yield of a United States Government 10-year Treasury Note. There can be no assurance that Sagemark will arrive at the necessary capital required to obtain an SBIC license or that the SBA will give final approval for an SBIC license to Sagemark Capital.

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, Sagemark's limited operating history, anticipated losses, unpredictability of future revenues, competition, risks associated with acquisitions, development and operations, management of potential growth, and risks of business combinations and new business areas, the effect of changing economic and business conditions, and Sagemark's ability to identify, attract and acquire controlling interests in one or more successful operating entities, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.