Worldwide Entertainment & Sports Corporation's Houseofboxing.com Subsidiary Signs Prominent Boxing Writer Michael Katz to Exclusive Employment Contract.

Business Editors & Entertainment/Sports Writers

WEST ORANGE, N.J.--(BUSINESS WIRE)--March 21, 2000

Worldwide Entertainment & Sports Corp. (NASDAQ:WWES), today announced that its recently acquired Internet subsidiary, Worldwide Houseofboxing.com, Inc.("HOB") has signed prominent boxing writer Michael Katz, previously the long-time sportswriter for the New York Daily News, to a five-year employment agreement. Mr. Katz will be writing boxing content exclusively for HOB with a minimum of three feature articles, news stories or columns per week to be used on the HOB web site located at www.houseofboxing.com.

Mr. Katz has had a long distinguished career as a sports writer and is considered by many to be the premier boxing writer today, as a voice the fans trust and depend upon for breaking boxing news stories. He was a New York Times sports copy editor and writer from 1972 to 1985 covering all major sporting events and writing a twice-a-week auto-racing column. From 1976 to 1980 he was the Times' Football Giants beat writer. In 1980, he became the first full-time boxing writer for a major daily in decades. In September of 1985, he moved to the New York Daily News, where he's been a fixture as a sports columnist, mainly covering boxing.

During his career, Mr. Katz has won numerous awards including the Nat Fleischer Award for "excellence in boxing journalism", the sports equivalent of a Pulitzer. It was given for lifetime work and selected by a panel of previous winners including Red Smith, Dave Anderson, Barney Nagler and Bob Waters. He is also the recipient of two Associated Press Sports Editor Awards and two New York Times Publisher's Awards.

Marc Roberts, Chairman and CEO of WWES commented, "Michael Katz' decision to join HOB after such an illustrious career in traditional print media is a powerful vote of confidence in HOB, which we believe is the premier Internet boxing content company. It further validates our Internet strategy to leverage our relationships in our sports agency business to help provide valuable content to our Internet subsidiaries. We are confident that Michael's award winning journalism combined with HOB's cutting edge streaming media technology will provide fans in-depth coverage of boxing unmatched anyplace else on the Internet." About Worldwide Entertainment & Sports Corp.

Worldwide Entertainment & Sports provides management, marketing and commercial endorsement agency services to various sports entities. Its clients include professional athletes in boxing, football and motorsports. The Company has the largest stable of heavyweight boxers in the sport including top contender Shannon Briggs. The Motorsports division engages in signing marketing contracts with race teams, racecar drivers and potential motorsports sponsors. The Company's Football division client list is among the strongest in the NFL featuring All-Pro Antonio Freeman of the Green Bay Packers, O.J. McDuffie of the Miami Dolphins and Curtis Enis of the Chicago Bears. Worldwide Entertainment & Sports is on the world wide web at www.wwentertainment.com.

About Worldwide Houseofboxing.com, Inc.

Worldwide Houseofboxing.com is one of the premier online destinations for, and provider of, unique boxing content. Through the use of the latest streaming media technology, HOB enhances the way that boxing fans experience their favorite sport. By leveraging the industry experience and relationships of its management team, HOB provides its users and clients with proprietary text, photography, animation, audio and video content. HOB also provides Internet consulting services for boxers and boxing professionals including rising superstar Shane Mosley (scheduled to box Oscar De La Hoya on June 17, 2000 for the IBF and WBC World Welterweight championship), Michael "Let's Get Ready to Rumble" Buffer, Shannon Briggs, Chris Byrd, Hector Camacho Jr., Bernard Hopkins and others. HOB also will leverage Worldwide Entertainment & Sports Corp.'s prominent boxing division and the professional relationships of its CEO, Marc Roberts, who has been a boxing manager and promoter for 20 years, to enhance its ability to obtain valuable content for HOB. By consistently providing superior boxing content online, Worldwide Houseofboxing.com is creating a valuable brand in the online sports industry.

This release contains forward looking statements which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "will" or "should" and similar expressions reflecting something other than historical fact are intended to identify such statements. These forward looking statements involve a number of risks and uncertainties, including, but not limited to: the success and achievement of the athletes managed by the Company; demand for their services; the ability of the company to attract additional clients; the effect of the Company's accounting policies; and other risk factors detailed in the Company's filings with the Securities and Exchange Commission. The company's ability to consummate additional acquisitions also is dependent upon the company's ability to secure additional financing.