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Revision History For: GCDV -- gcdv -- Grace Development Inc.

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Company Press Release
Grace Development Inc. Enters Letter of Intent to Merge with New Millennium Multimedia Inc.
DENVER--(BUSINESS WIRE)--June 14, 1999--Grace Development Inc., (NASD BB: GCDV - news) a Colorado corporation, has entered into a Letter of Intent to merge with New Millennium Multimedia Inc., a Georgia corporation.

New Millennium Multimedia Inc. is a communications company.

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Contact:

Grace Development Inc., Denver
Jacob Barrocas, 303/337-5700

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