iCommerce Group Announces Delisting of Its Common Stock From the OTC Bulletin Board.

Business Editors

KNOXVILLE, Tenn.--(BUSINESS WIRE)--July 3, 2000

iCommerce Group Plans to Reapply for

Listing On the OTC Bulletin Board 

iCommerce Group, Inc. (OTC - ICGI) announced today that its common stock has been delisted from the OTC Bulletin Board for failure to comply with the phase-in provisions of the OTC Bulletin Board Eligibility Rule which requires all companies whose securities are quoted on the OTC Bulletin Board to become reporting companies with the Securities and Exchange Commission.

iCommerce Group, Inc. has previously filed a registration statement with the Securities and Exchange Commission, however, it was not declared effective by the SEC prior to the phase in date for iCommerce Group which resulted in the delisting. iCommerce Group anticipates that the pending registration statement will be declared effective by the SEC in the near future thus clearing the way for a reapplication to the OTC Bulletin Board. Although the company cannot predict the timing of either the effectiveness of the registration statement or the relisting of its common stock on the OTC Bulletin Board, iCommerce Group is pursuing both events on an expedited basis.

iCommerce Group, through its subsidiaries is involved in the Dominican Republic in the development of an Industrial Park (Free Trade Zone) and the operation of a cigar manufacturing facility. In the U.S. its subsidiary SJI Wholesale is involved in the distribution of cigars direct to consumers via the Internet and mail order and on a wholesale basis to retail tobacco shops. The Company has distributors in Germany, South Africa, Ukraine, Nova Scotia, Philippines, Ireland, Antigua, Australia, Estonia, Lithuania, Cyprus, China, and Israel.

For more information regarding iCommerce Group, Inc. please visit the Company's corporate web site at http://www.i-cgi.com .

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.