Business Editors
 
	   BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 5, 2000--NewAgeCities.com
Inc. (OTCBB:NACT) Tuesday announced that it has signed a letter of
intent to merge with New Leaf Distributing Co. of Lithia Springs, Ga.,
the largest distributor of New Age products in the world.
	   New Leaf currently generates revenues of approximately $25 million
a year and has a customer base of more than 6,000 retail stores.
	   The merger, scheduled to be completed within the next 120 days,
will be accomplished via a combination of cash and stock.
NewAgeCities.com has contracted with Dover Capital Corp. of Houston,
to raise the required funds to complete the merger.
	   Joseph Ardito Jr., CEO of NewAgeCities.com said: "This merger is a
tremendous step forward in our goal of becoming the largest
business-to-business products and services company in this $40 billion
industry. The plan is to combine these companies and employ new
technologies to create one entity with significantly higher revenues
and profits than each would generate separately.
	   "Our strategy is to combine two companies, one traditional and one
Internet, into a market leading `Click & Mortar' business that will
spawn additional expansion in revenues and profits by offering
products and services to both retailers and wholesalers over the
Internet.
	   "Combining the core business resources of these two industry
leaders will enable the new company to experience greater growth, with
reduced costs, than either could achieve on a stand-alone basis, and
will allow us to take the new company to greater heights."
 
	   About NewAgeCities.com Inc.
 
	   NewAgeCities.com (www.newagecities.com), located in Boca Raton, is
implementing an Internet-based consolidation of the "New Age" and
alternative health markets via its network of Web sites.
	   The sites provide a comprehensive source of related products,
services, and interactive educational and informational content for
more than 75,000 registered users and the 20 million plus people that
make up their target market.
 
	   This announcement contains forward-looking statements that involve
risks and uncertainties, including those relating to the company's
ability to grow its user and advertiser base. Actual results may
differ materially from the results predicted and reported results
should not be considered as an indication of future performance. The
potential risks and uncertainties include, among others, the company's
limited operating history, the competitive environment in which the
company competes, the early stage of the Web as an advertising and
electronic commerce medium, the company's dependence on advertising,
sponsorship and commerce revenues, the company's dependence on
strategic relationships to drive traffic to its Web sites, consumer
acceptance of the company's new products and services, the company's
ability to develop and integrate new technologies and services into
its existing services and into new platforms, such as broadband, and
the increased use of the Web for commerce. More information about the
potential factors that could affect the company's business and
financial results is included in the company's filings, available via
the Securities & Exchange Commission.
 
    --30--EZ/np*  AKF/np
 
    CONTACT:  NewAgeCities.com Inc., Boca Raton
              Ken Shenkman, 561/989-0808
              E-mail: investors@newagecities.com