UPDATE ON: Hugo International Telecom, Inc. and Worldlink Technologies, Inc.

Business Editors/High-Tech Writers

LANGLEY, England--(BUSINESS WIRE)--Sept. 24, 2002

Hugo International Telecom, Inc. (OTCBB:HGOI.OB) today announced that the boards of Hugo and Worldlink Technologies, Inc. have agreed to enter into a share exchange agreement.

In order to ensure that the new company has sufficient capital for its near term plans it is pleased to announce the completion of a $30,000,000 Equity Line deal with Cornell Capital, LLP, a New Jersey based investment fund; whereby, the company has the right, but not the obligation, to put the company's common stock to Cornell Capital in amounts up to $300,000 every 7 business days. Further, the new company has completed a $1,200,000 convertible bridging loan with Cornell Capital LLP.

"The agreement gives us complete control as to when and how much we draw down. This flexibility will enable the company to have a controlled capital structure allowing management to control the dilution effects that are a characteristic of other forms of equity financing," states Nancy Ruffing, Chairperson of Worldlink Technologies, Inc.

David Foden, CEO of Hugo, commented, "This new funding is important as it provides the resources to further develop the products and markets of both the companies in the new organization."

Richard Milligan, Managing Director of Cornell Capital, LLP, commented, "We are enthusiastic and committed to a long term business relationship between ourselves and the new combined operations of Hugo and Worldlink."

Safe Harbour: Certain statements in this release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities and Exchange Act of 1934 and are subject to the safe harbour created under those sections. All statements, other than statements of fact, included in this release, including without limitations, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.