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IHPR Hires Douglas S. Hackett as CEO.

Business Editors

SANDY, Utah--(BUSINESS WIRE)--Feb. 8, 2000

IHPR (OTCBB:IHPR), a Utah-based Internet holding company, today announced the appointment of Douglas S. Hackett (35) as its new president and chief executive officer.

&uot;I am very eager to begin working with IHPR in the president and CEO capacity,&uot; Hackett said. &uot;I believe IHPR has the potential to become a very successful Internet holding company and I plan to push IHPR to meet that potential.

&uot;We currently have an impressive portfolio of Internet companies. As we move to meet our goals, we will continue to acquire young Internet companies, strengthen relationships and synergies within our portfolio and provide guidance to lead all our holdings to success.&uot;

George Denney, chairman of IHPR's board of directors, said, &uot;Hackett's prior professional experience is the perfect fit for where we want to take IHPR in the future. His accomplishments with Success Marketplace, Bizz-e.com and as well as radio station management have proven his ability to grow strong Internet companies.&uot;

Prior to working with IHPR, Hackett was the president of Fortune Financial where he served as director, secretary and executive vice president. During his tenure at Fortune Financial, he guided the marketing efforts to build two of the largest and most successful online malls, Success Marketplace and Shop Success, as well as the business-to-business portal Bizz-e.com. Hackett has also worked in electronic and broadcast media as a creator of several nationally syndicated programs, including &uot;Baseball Sunday with Joe Garagiola,&uot; &uot;Football Sunday&uot; and &uot;NBA Basketball Sunday.&uot; He has served as president and general manager of KGU-AM and KTSS-FM in Honolulu and WTIX in New Orleans. He holds a bachelors degrees in communications and public relations from William Jewel College in Liberty, Missouri. He also studied international business and literature at Harlaxton College in Grantham, England.

About IHPR

Based in Sandy, Utah, IHPR is an Internet holding company. IHPR's strategy and core competencies include acquiring or taking strategic financial positions in companies that have synergies within the growing IHPR portfolio holdings.

Certain of the statements herein may be forward-looking that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions at home and abroad, local and regional policies and regulations in the planned target areas, trends in the market for the company's products, variations in the company's cash flow and/or ability to effectively distribute its product, availability of sufficient working capital to manufacture and market HydroMaid units, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
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Publication:Business Wire
Date:Feb 8, 2000
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