TheSUBWAY.com Announces Investment Opinion on Versacom International Inc., Media Bay Inc., Edulink Inc., EarthWeb Inc. and Bio-Technology General.

Business Editors

NOTE TO EDITORS: The following is an investment opinion issued

by TheSUBWAY.com

WESTON, Fla.--(BUSINESS WIRE)--April 18, 2001

Versacom International Inc. (OTCBB:VERC) Shares ATTRACTIVE

Versacom International Inc. (OTCBB:VERC) will add $3 million in revenues per year through their letter of intent for the acquisition of Wolf Telecom. VERC is acquisition minded and this may be the first of many steps taken in order to become a recognized force in the telecom industry.

VERC is new to TheSUBWAY.com, and we are expecting great things to come from the company. With only 14 million shares out and not much more than 6.5 in the float, the stock should move quickly, and a forward split is not out of the question in the future. CRG feels that VERC will be trading over the $5.00 mark in the short term with a 6-12 month target of $12.

VERC also just announced a new partnership with Bell South Corp which seems to be a very positive step for the company. The agreement brings credibility, and more importantly substantial interest to VERC.

As a BellSouth Business Partner, VersaCOM can deliver expanded solutions for its voice and data network clients as well as those companies that purchased their systems from other companies. BellSouth serves customers in the nine southeast states with a wide variety of wireline and wireless services.

Versacom International Inc. also recently announced that they will provide Telrad products, technical support, and marketing and sales support to Telrad's "Service-Only Dealer" base located in the 25 states in the Northeastern, mid-Atlantic and Southern U.S. regions. These Telrad "Service-Only Dealers" will automatically become members of VersaCOM's family of Affiliate Dealers.

At present these distributors generate sales of approximately $6.5 million upon which VersaCOM expects a 25 percent profit. VersaCOM is currently working to expand this network.

MediaBay, Inc. (Nasdaq:MBAY) Previous Close: Up 55% to $1.02 on vol. 338,100 Shares: ATTRACTIVE

MediaBay Inc. (NASDAQ:MBAY), the leading seller of spoken audio and nostalgia products, including audiobooks and old-time radio shows, through direct response, retail and Internet channels, announced it has partnered with Lightningcast, Inc., a leading technology company serving advertisers, broadcasters and the streaming media industry, to launch streaming media advertisements over the MediaBay suite of websites.

Under the terms of the agreement, Lightningcast will work as an agent, both selling advertisement time as well as bringing advertisers to the MediaBay websites, including MediaBay.com, RadioSpirits.com and AudioBookClub.com. With over 300,000 streams served each month, MediaBay will run the streaming media ads before, during and after accessed programming. Each time an ad is played, MediaBay will receive a fee, of which Lightningcast gets a percentage.

'This is an excellent opportunity for Lightningcast and MediaBay to work together to improve and enhance the MediaBay suite of websites. With an inventory of more than a million possible ad impressions each month, we are confident that companies will want to take advantage of increasing their visibility by advertising through the MediaBay sites. Most importantly, the visitors and customers MediaBay attracts are proven e-commerce buyers with considerable amounts of disposable household income, making this a truly effective venue for strong and developing brands,' said Karl Spangenberg, President and CEO of Lightningcast, Inc.

Edulink (OTCBB:MYIQ) Previous Close: Up 46% to $0.019 on vol. 13,978,700 Shares: ACCUMULATE

Edulink (OTCBB:MYIQ), a leading Internet educational content and technology company, is on the ground floor of the new, truly global Internet revolution, creating the highest levels of educational standards in a new market about to explode across the Internet. With Edulink having finalized agreements with MC2, Viewpoint Inc., and Fortune 500 Company, SAIC, to co-develop the State-of-the-Art Internet based, 'Smart Schoolhouse(TM) ', Edulink is now on the ground floor as the premier Internet educator for the new, truly global Internet revolution -- which takes into account all countries and cultures and the future needs in all industries from commerce to education -- to access the multi-billion untapped international client base.

(MC2 is a technology development company, which has licensed 23 products that have generated more than 1.9 billion in retail sales. And SAIC, which ranks as the largest employee-owned research and engineering firm in the nation, has more than 41,000 scientists, researchers and administrators with offices in over 150 cities worldwide. SAIC provides leading edge technologies to help clients respond faster to opportunities, achieve more from their operations and exceed well beyond project expectations, with last year's revenues exceeding $5.5 billion.)

Edulink's proprietary software and technologies have been created to facilitate and improve the learning process by developing critical thinking and reasoning with all of its licensed or created curriculum meeting or exceeding the national standards. To capitalize on over five years of research and development, Edulink is now ready to address an extraordinary growth market with superior services and products.

EarthWeb Inc. (Nasdaq:EWBX) Previous Close: Up 44% to $3.50 on vol. 695,100 Shares: ATTRACTIVE

EarthWeb Inc. (NASDAQ:EWBX), the IT Career Solutions Company, reported results for the quarter ended March 31, 2001. Revenues for the quarter reached $17.1 million, an increase of 117% compared to the $7.9 million recorded on a pro forma basis in the year ago quarter, and an increase of 5% compared to pro forma revenues in the fourth quarter of 2000. EarthWeb Inc. recorded cash net income totaling $369,000, or $0.04 per share, in the current quarter. Cash net income excludes a net one-time charge of $270,000. In the first and fourth quarters of 2000, the Company reported a cash net loss on an actual basis of $(6.7) million, or $(0.67) per share, and of $(1.8) million, or $(0.17) per share, respectively.

The significant increase in revenues on a year over year basis reflected expansion of the customer base since the first quarter of 2000, a change in pricing structure in mid-year 2000 at dice.com, and the impact of the new enterprise agreement program launched in 2000. The revenue increase compared to the fourth quarter of 2000 reflected an increase in the number of enterprise agreements, which offset a slight reduction in the number of member accounts.

'We have made two important decisions to position the Company for continuing success. First, last week we announced that we have attracted an extremely talented executive as President and CEO. Scot Melland brings to the Company the appropriate mix of knowledge, experience and skills to assure the Company's continuing success. Second, we intend to rename our company Dice Inc., reflecting the well-established name of our ten-year old dice.com business in the information technology market and the extraordinary brand equity it enjoys,' continued Derow.

Bio-Technology General (Nasdaq:BTGC) Previous Close: Up 33% to $6.74 on vol. 2,241,200 Shares: HOLD

Bio-Technology General (NASDAQ:BTGC) reported pro forma income from operations of $9.5 million, or $0.17 per share, for the quarter ended March 31, 2001, compared to $1.1 million, or $0.02 per share, in the first quarter of 2000. Revenues and product sales for the first quarter of 2001 were approximately $34 million and $30 million, respectively, the highest such quarterly numbers recorded by the Company to date. Revenues and product sales increased 101% and 139%, respectively, from approximately $17 million and $13 million, respectively, in the first quarter of 2000. Product sales in the first quarter of 2001 accounted for 89% of revenues.

For the quarter ended March 31, 2001, including the effect of the write-off, in accordance with generally accepted accounting principles, of purchased in-process technologies resulting from the acquisition of Myelos, the Company recorded a net loss of $36.1 million, or $0.66 per share. In the comparable quarter of 2000, including the effect of SAB 101, the Company had a net loss of $7.1 million, or $0.12 per share.

Commenting on the results, Sim Fass, Chairman and CEO stated: 'We are highly encouraged by the marked increase in product sales in the first quarter of 2001, and in particular by the significant growth in Oxandrin prescriptions. Most of the increase is attributed to the initial impact of our co-marketing alliance with Abbott. As a result of that alliance, approximately one-third of all Oxandrin prescriptions is currently being generated in the long-term care sector. Oxandrin is reaching many more individuals with involuntary weight loss and is beginning to achieve the broader market penetration we anticipated. We look forward to seeing additional growth in Oxandrin sales as the co-marketing alliance takes full effect. Given our robust earnings this quarter, we believe that our EPS growth target of twenty-five to thirty percent for 2001, exclusive of certain non-recurring items, is achievable and may well be exceeded.'

"A late-session rally helped both the blue chips and the technology sector to a modestly positive performance, after a Wall Street session characterized by seesaw trading action with both major averages wavering in and out of positive territory for much of the day. A profit warning from Cisco Systems and an onslaught of earnings releases before the start of regular trading had investors bracing for the worst on Tuesday, with futures indicating a weak open for stocks in all sectors." Stated Peter Antipatis. More is available at http://www.TheSUBWAY.com.

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All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. A company's actual results could differ materially from those described in any forward-looking statements or announcements discussed herein. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market marker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com. CRG has been compensated by third party shareholders or with cash on behalf of one or more of the companies mentioned in this opinion. (50,000 VERC) CRG intends to sell its shares. CRG has sold approximately 0 VERC shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.