YourNet, Inc. Signs Letter of Intent to Acquire the ISPG Group -- an Internet Consortium Group, Strategically Positioning YourNet, Inc. In the U.K. ISP markets.

MELVILLE, N.Y.--(BUSINESS WIRE)--Oct. 12, 1999--

YourNet Inc. announced today, following months of review and competitive negotiations, the signing of a letter of intent to acquire ISPG, the Internet Service Provider Group ('The Group'), a significant internet service provider in the United Kingdom.

The Group through its Web Traffic entity has been able to assemble a technologically advanced presence in the U.K. through its "Preferred Partnership" with MCI Worldcom (WCOM) - NASDAQ. Connectivity to the United States as well as other areas of Western Europe is on par or exceeds the norms in the industry.

Although most Internet access is free of charge in Europe, YourNet Inc. will derive revenues for telecommunication time and consulting fees. The Group is currently projected to log 700 million TELCO minutes through the year 2000, firmly establishing YourNet, Inc. in the ISP Market in the United Kingdom.

The Company recognizes there is untapped potential for continued growth within the ISP Markets of the United Kingdom, as well as virtually new markets for the MyWeb set - top boxes which will provide affordable and easy access to the Internet.

YourNet, Inc. currently trading on the OTC - BB under the symbol ASSM has filed for and will be changing the name and symbol to YourNet, Inc. (YOUR - OTC - BB). This is to better reflect the business model of a Pan - European ISP Roll - up as well as the distribution, through exclusive licensing agreements with MyWeb Inc. (OTC - BB - MYWB), set top conversion boxes enabling affordable Internet access to the public.

The business model of YourNet, Inc. (YOUR - OTC - BB), will derive its revenues from many venues including: the sale of the television set - top boxes, E-Commerce, ISP charges, Internet content agreements, licensing agreements with telecommunication companies and ISP's and a wide variety of International Internet electronic Commerce.

Industry sources forecast growth of e-commerce to exceed 300 billion dollars in 1999 and project growth to reach 1.2 trillion by 2001. It is expected by 2005 there will be over 1 billion Internet users of those 700 million will be non-U.S. users. Currently, 120 - 150 million PCs exist in interconnective potential, YourNet, Inc. facilitates the connectivity through existing television sets to feed the growth engine.

YourNet, Inc. strategy includes major penetration in these emerging markets utilizing the proprietary state of the art technology of the MYWEB television set - topbox and the further development of existing ISP's that may be acquired in these territories. This method of access to the Internet is expected to grow from 2,000,000 boxes currently in 1999 to well over 12,000,000 by 2001.

YourNet, Inc. is a new international internet service provider created to realize strategic opportunities.

On behalf of the Board

J. F. Huguet

President & CEO 

Safe Harbour statement under the private securities litigation reform act of 1995. This news release contains forward-looking statements all such forward-looking statements are by necessity only estimates of future results and actual results achieved by these companies may differ materially from these statements due to a number of factors. YourNet, Inc. assumes obligation to up date these forward-looking statements to reflect actual results. Changes in assumptions or changes in other factors effecting such statements. You should independently investigate and fully understand all risks before making investment decisions.

ASSM - OTC - BB Cusip # 05710308