WAMEX Holdings Inc. Announces Retention of Christof Wessely as Chief of Information Technology -CIT-.

Business Editors/Technology Writers

NEW YORK--(BUSINESS WIRE)--June 13, 2000

WAMEX Holdings Inc. (OTCBB:WAMX), an internet and technology company dedicated to creating and dominating an alternative market and exchange for individuals and institutional investors, Tuesday announced that it has retained Christof Wessely as Chief of Information Technology.

Mitchell H. Cushing, chairman and CEO, stated: "We are pleased to announce that we have retained Mr. Christof Wessely as CIT. Mr. Wessely was one of the original contributors to the ATS Technology that we have today. We are quite confident that this addition to the technology family of WAMEX gives the company another world class performer who will further enhance our ATS presence.

"Mr. Wessely will be tasked to provide the vital linking capabilities between the NIPHIX ATS, the participating brokers and WAMEX as the information transfer agent. Additionally, Mr. Wessely will be responsible for providing the complete design and implementation of the WAMEX infrastructure at 14 Wall St.," Cushing concluded.

Christof Wessely joined WAMEX in 1997 and was the Senior Database Designer at WAMEX. He left WAMEX in October of 1999 for personal reasons. He was responsible for the technical design, functionality and implementation of the company's software and database management platform.

Prior to that, Wessely served as the CEO of SPW Inc., a software consulting and database design corporation in Austria. Wessely has 14 years of computer programming experience and is widely known in the Central European Investment Banking community for his work on theoretical design.

Wessely was credited with the design and development of the Database Management System for OBB, the government federal Rail Service in Austria and Medek and Schorner, one of Europe's leading suppliers of telecommunications. Additionally, he was responsible for the design and implementation of the Online Secure System, the most secure measure of real time data compression, encryption and decryption in Europe. Wessely designed and developed AIDE, the Artificial Intelligence Dialog Engine CD-ROM game for children that is sold worldwide. His work on the project for I-Motion in Austria won the Austrian Research Ministry's highest award for excellence.

From 1990 to 1994 Wessely served as a Database Designer for ORACLE. He is credited with the design of the technical database for BEGAS (Burgenlandische Gaswerke), the government gas company in Eastern Austria. Prior to 1990, Wessely designed Database Systems for cable television and Internet companies.

Wessely designs anti-hacking software. In addition to these accomplishments, he speaks German, French and English fluently.

The WAMEX lead product, the WAMEX Alternative Trading System (ATS), www.wamx.com, addresses one of the largest and most active industries worldwide. The proprietary system enables a community of self-empowered investors to consummate transactions more efficiently and at a lower cost.

Safe Harbor Statement: This release may contain certain forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities and Litigation Reform Act of 1995. Actual events or results may differ from the company's expectations.