bib.net Corporation Hires First News Director.

DULUTH, Ga.--(BUSINESS WIRE)--June 24, 1999--

bib.net News, a division of bib.net Corporation (OTC BB:BIBN), hires Atlanta-based broadcast radio and TV veteran Joy Barge as its first news director.

Joy Barge is a 15-year broadcast journalist veteran and has worked as writer and producer with several national network companies, most recently Metro Networks of Houston, Texas, a national radio news broadcast company. In addition to radio, Joy has spent considerable time on-air and behind the scenes at the following networks: WXIA TV11 (NBC local affiliate), WPBA TV30, radio networks Z93, 96 Rock, V103, Y106.

As news director, Joy will be responsible for the quality of content and full editorial output of bib.net News' product. Additionally, Joy will build a team of talented writers, producers and programmers.

The hiring of Joy Barge is in line with bib.net's overall strategy of building its online news infrastructure with a focus on delivering timely news and financial information via the Internet.

Speaking to the American Society of Newspaper Editors last April, Intel chairman Andy Grove predicted that most daily newspapers will be out of business by the year 2003. He believes that the Internet will displace most newspapers as a source of information. He quotes, "Newspapers are caught in the vise of two trends: One, their readership is being lured by online news sources, and two, online auction sites are competition for their classifieds. At first, these phenomena would only affect them at the margins, but as time goes on, both are likely to accelerate."

bib.net Corporation is an Internet content company with a focus on Web-based business news and financial information delivered in text and video-audio formats to business executives and online traders. The company's flagship product, bib.net News, is located on the World-Wide Web at www.bib.net