silverzipper.com, Inc. Reports Results for Its Third Quarter Ended September 30, 1999.

NEW YORK--(BUSINESS WIRE)--Dec. 2, 1999--

silverzipper.com, Inc. (OTCBB:SZIP) announced today its sales and earnings for the three and nine months ended September 30, 1999.

The silverzipper.com strategy is to supply proprietary brands of fashionable, high quality sports apparel/accessories and active wear directly to the consumer at wholesale prices via the Internet. The silverzipper business model is growth through acquisition in the sports apparel/accessories and active wear markets and sales of its trademarked niche brands as a preeminent Internet retailer of this product category. In addition, the Company will maintain a traditional "Brick and Mortar" distribution for certain acquired brands.

"We continue to grow, and our recently announced acquisition of Serac Sports, Ltd., scheduled to close in January, should only enhance a very positive situation," said Paul E. Palmeri, Chairman and CEO. He added, "With our domestic sales at strong levels and the recent exportation of product in Europe and Japan, we expect continued success."

Management consists of a seasoned team with over 75 years of experience in the apparel industry including, Paul E. Palmeri, CEO, former President of Robern Apparel, Inc. The E - Commerce effort is supported by two consultants, Jordan Schachter, who has consulted for AT&T, L.L. Bean, C D Now and Ameritrade, and Chris Nelson, who worked on Internet marketing for Cannon, Fox Entertainment and American Express. -0-

                 silverzipper.com, Inc. and Subsidiary
                 Consolidated Statements Of Operations
                              (Unaudited)


                          Nine Months Ended      Three Months Ended
                            September 30,           September 30,
                           1999      1998          1999      1998

Sales, net             $2,948,523 $2,694,675    $2,242,325 $2,277,544
Cost of goods sold      2,064,380  2,206,006     1,434,138  1,615,787

Gross Profit              884,143    488,669       808,187    661,757

Operating expenses      1,789,904  1,623,855       585,186    493,045

Operating Income/(Loss)  (905,761)(1,135,186)      223,001    168,712

Interest expense (net)    314,881    444,495       102,971    165,947

Earnings/(Loss) Before
  Income Taxes         (1,220,642)(1,579,681)      120,030      2,765

Provision for income
  taxes                        --         --            --         --

Net Income/(Loss)     $(1,220,642)$(1,579,681)  $  120,030 $    2,765

Income/(loss) per
  share-basic and
  diluted             $     (0.42)$     (0.55)  $     0.04 $     0.00

Weighted Average
  Number Of Shares
  Outstanding           2,932,244   2,870,000    3,056,734  2,870,000

This release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Readers should not place undue reliance on forward-looking statements, which reflect management's view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in documents the Company files from time to time with the Securities and Exchange Commission.