UrbanFind to Acquire ``Best of Class'' Award Winning Voice over Internet Protocol -- VoIP -- Technology.

Business Editors, Technology Writers

NEW YORK--(BUSINESS WIRE)--May 16, 2002

UrbanFind, Inc. (OTCBB:UBFI) Board of Directors today announced that subject to shareholder approval of the definitive agreement, the Board has agreed to purchase CallsAmerica, one of the world's leading VoIP technologies.

UrbanFind will market the technology and provide ongoing services to corporate enterprises and individuals globally -- allowing them to make low cost international phone calls from their Personal Computer to another Personal Computer (PC-to-PC), from their PC to any regular phone (PC-to-Phone), and from their phone to any phone using VoIP as the conduit for these calls.

The purchase of this technology immediately positions UrbanFind as a world leader in the VoIP marketplace. According to Allied Business Intelligence, the VoIP market will exceed $11 billion by 2008 and analysts are predicting triple digit annual growth rates.

The VoIP technology developed by Vocalscape Networks Inc. (http://www.vocalconnect.com/) was recently the recipient of four prestigious awards including Internet Telephony's coveted "Product of the Year" award, while TMC Labs bestowed its "Innovation Award" and "Editor's Choice Award" to the technology.

Until now, the VoIP industry has been burdened with products that delivered poor quality communications on slow Internet connections, making these products relatively useless to the majority of the world's computer users that still dial-up to connect to the Internet. This award winning technology delivers what the market place has been looking for - clear telephone communications that are effective on even the slowest of dial-up Internet connections.

The Company's initial marketing campaigns will include the signing of exclusive distributors and resellers globally under the "CallsAmerica" brand name and will target specific ethnic groups in North America under the "BetterCallHome" brand name. The Company intends to capture significant global market share using its best price -- best product strategy.

Corporations and consumers will be able to purchase the Company's technology and service on business card size CD ROMS that act both as a phone card, and as a the medium to deliver the computer software for PC based phone calls. The cards can be purchased in denominations of 10, 15 and 20 dollars and will allow the purchasers to place PC-to-Phone calls globally at rates up to 80% less than the rates charged by many telephone companies. The Company will be launching its marketing efforts in Washington, D.C. the week of May 20 at the 2002 Intelsat Global Telecommunication Meeting. This telecom trade show is the largest of its kind (http://www.intelsat.com/gtm2002/index.asp) and attracts participants from over 250 countries.

As part of the technology acquisition, UrbanFind also benefits through a multi-year consulting contract with Vocalscape Networks Inc. whose years of experience and expertise in VoIP will continue to keep the products in the "Best of Class".

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Some information included in this process release contains statements that are forward-looking. Such forward-looking information involves significant risks and uncertainties that could affect anticipated results in the future and, accordingly, these results may differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. For a description of additional risks and uncertainties, please refer to the Company's filings with the Securities and Exchange Commission.