e-Auction Global Trading Inc., Announces Symbol Change to EAUC.

Business Editors

TORONTO--(BUSINESS WIRE)--Jan. 19, 2000

(OTC BB:EAUCE)

e-Auction Global Trading Inc.("e-Auction", NASDAQ OTC: EAUCE) a world leading provider of real-time, business to business (B2B) electronic auction solutions, today announced a trading symbol change to EAUC. The symbol change is concurrent with the Company's securities being removed from the OTC BB effective January 20, 2000 pursuant to the OTC BB eligibility rule ("Eligibility Rule").

In accordance with the Eligibility Rule, e-Auction filed a Form 10-SB with the Securities Exchange Commission ("SEC") and the Form is currently in the normal review process. When the SEC has completed its review of the Form and the same is effective, expected within the next 20 to 30 days, e-Auction will once again become eligible to be quoted on the OTC BB. During the review period, investors will continue to be able to trade their shares through their brokers on other quotation mediums, including the National Quotation Bureau's Pink Sheets. For information regarding trading during this period, please contact e-Auctions' Investor Relations, TPI Communications at 888-461-9991.

"At this time, we are in the process of working to reinstate EAUC to the OTC BB and to continue the NASDAQ listing process," commented David Hackett, Chief Financial Officer of e-Auction Global Trading Inc. "We would like to reassure shareholders that this temporary listing change does not affect any ongoing business relationships."

EAUC has recently announced the acquisition of Schelfhout Computer Systemen N.V. of Belgium, and a new President and CEO, Mr. Dan McKenzie. Additional international business opportunities are being investigated and will be reported on as completed.

e-Auction Global Trading Inc.

As a leader in providing B2B auction solutions, e-Auction is involved in the largest market segment of Internet auctions. According to Forrester Research Inc., it is estimated that by 2002 $52.6 billion in transactions will be conducted through B2B auctions. This value dwarfs the expected $7.5 billion business-to-consumer (B2C) market and the $4.8 billion person-to-person (P2P) market where companies such as eBay (NASDAQ: EBAY), Onsale (Nasdaq:ONSL) and Amazon.com (NASDAQ:AMZN) target their services.

For more information on e-Auction please visit the web site at http://www.eauctioninc.com.

For more information on SCS please visit their web site at: http://www.schelfout.com

All trademarks, tradenames, registered trademarks, or registered tradenames are property of their respective holders.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk and uncertainties which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among other things, the Company's financial performance; changes in the competitive environment; adverse changes in the economy; ability to maintain long-term relationships with customers; and financing requirements.