iQrom Reports 2000 Results; Sees Growing Worldwide Acceptance for its CD-based Solutions and Technology.

Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--April 16, 2001

iQrom Communications Inc. (OTC Bulletin Board: IQCO), which is building a new solutions business with broad utility across industries and applications, concluded an exciting and eventful first year of operations as a public company with the backbone of its global network complete, its intellectual capital expanded and market awareness at a high level.

Last year, the Company raised over $12 million in funding, opened offices in Birmingham (UK), Orlando and Burbank (CA), and representative offices in Madrid, Munich and Tokyo, secured a dominant intellectual property position in the CD/Internet space, entered into a global partnership and technology-sharing agreement with Japan's JVC, recruited a highly-qualified sales/marketing team, and began to introduce its pathfinding solutions to customers worldwide.

iQrom's growing spectrum of innovative solutions enables organizations to enrich, secure and enlarge their relationships with customers and users by optimizing the way they manage information exchange among themselves and their clienteles. The Company's solutions embrace a wide variety of delivery mechanisms, including CD-ROMs, CD Cards and wireless links.

All of these delivery mechanisms may provide for secure updateability via the Internet utilizing iOra's Epsilon technology. iOra Limited, with whom the Company is closely linked through a series of license agreements, earlier this month raised 10 million pounds sterling of new capital in Europe from B-business Partners and Cazenove Private Equity.

These updates are achieved at up to 100 times the speed of other approaches and occur with varying levels of security--password to full encryption--that may be specified by the customer. The Company's wireless implementations enable remote and mobile users to access their employer's Intranet content, providing powerful support to mobile sales forces, for example. In alliance with JVC, the Company also offers Hybrid CD applications, which unite the manufacturing economy of CD-ROMs with the customization/personalization of CD-Rs. Applications in the medical card and debit/credit cards are in pilot testing by third parties with whom iQrom is actively collaborating.

According to Tom Elek, Chief Executive Officer, "The past year of heavy investment was rich in accomplishment and has provided a platform for growth. We successfully defended our CD Card patents and are now well-placed to fully exploit their potential. We consummated transactions that enable us to provide complete solutions to customers, recruited outstanding executives to our management and board, established a focused global marketing/distribution system and complemented it with alliances with strong partners like JVC, and began building market appreciation of how these solutions competitively advantage our customers. For example, we are now well-equipped to enter the market for Smart Cards, using our CD Card technology together with our complementary technology, a huge and growing market that Dataquest, a leading IT research firm, projects to reach $9.1 billion within four years. We won contracts from several important customers and have seen the volume of our new customer contacts build.

"While the business environment is not what we might wish, the breadth and power of our solutions-- to customers in sectors like customer relationship management, distance learning and publishing, travel/tourism, banking and finance, entertainment and healthcare, among others-- encourage us to believe that 2001 will be a `break out' year for the Company and we are very encouraged by preliminary responses to a proposed new financing, which we are now undertaking," he said, noting that his company's solutions can boost customers' efficiency, lower their costs and enhance their productivity.

Elek noted that his company is in negotiations to acquire its principal supply partner, UK-based Diskxpress, a well-established CD replicator which owns the CD Card patents exclusively licensed to the Company, on the conclusion of the pending financing. Gleacher & Co., the US investment bank, is advising on the transactions.

iQrom is a rapidly expanding international digital communications firm that is pioneering the development and commercialization of a new generation of CD-ROM-based and other technologies and business solutions planned for wide application in numerous industry segments. iQrom holds the exclusive worldwide rights to a revolutionary CD-U (CD-updateable) technology utilizing iOra's SoftCD (TM)software, that enables conventional CD-ROMs, DVDs and a proprietary line of CD-Cards to be updated automatically and virtually instantaneously via the Internet from any Internet-connected PC in the world. The CD-U combines the real-time capability and global reach of the Internet with the dependability and efficiency of the CD-ROM. Targeted by iQrom to become a standard format for digital information delivery, CD-Us are integrated into existing communications and e-commerce strategies allowing businesses to provide a constant flow of up-to-date information to end-users. Additional information about the Company can be obtained at its website (www.iqrom.com).

This news release may include statements that constitute forward-looking statements, usually containing the words "believe", "estimate", "projects", "expects" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this document.

Financial results follow.


iQrom COMMUNICATIONS, INC.
(formerly known as Hiking Adventures, Inc.)
AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2000 AND
----------------------------------------------------------------------
PERIOD MARCH 10, 1999 (DATE OF INCEPTION) THROUGH DECEMBER 31, 1999

                                                2000            1999
REVENUE:                                     $4,150,497       $184,538

COST OF REVENUES                              3,422,721        184,990
                                            ------------   -----------

    Gross Profit (loss)                         727,776          (452)

SELLING, GENERAL AND
 ADMINISTRATIVE EXPENSES:
    Advertising and selling                   1,226,575        246,987
    Professional Fees (inclusive of
     non-cash stock-based consulting
     fees of $776,980 or $0 in 2000
     and 1999, respectively)                  2,655,409          -

    Salaries and benefits                     2,164,974          -
    Depreciation and amortization               252,880          1,503
    Administrative and other
    (inclusive of non-cash stock-based
    Board of Directors' fees of $ 50,000
     and $0 in 2000 and 1999 respectively)    1,901,796        354,101
                                            ------------   -----------

         Total selling, general and
          administrative expenses             8,201,634        602,590
                                            ------------   -----------

         Operating Loss                       7,473,858        603,043

INTEREST INCOME                               (159,210)          -

INTEREST EXPENSE                                 37,269          -

GAIN ON FOREIGN EXCHANGE                       (36,049)          -
                                            ------------   -----------
NET LOSS                                     $7,315,868      $ 603,043
                                            ============   ===========
NET LOSS PER SHARE-Basic and diluted
                                             $     0.40      $    0.06
                                            ============   ===========