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To: Dorine Essey who wrote ()	8/17/1999 11:21:00 AM
From: Mike Woelfer	Read Replies (1) of 79

Tuesday August 17, 10:53 am Eastern Time Company Press Release CIS.com, Inc. Subsidiary Signs Letter of Intent MIAMI--(BUSINESS WIRE)--Aug. 17, 1999--CIS.com Inc. (OTC BB:CISI) announced Tuesday the signing of a Letter of Intent by its wholly owned subsidiary Nutech Alliance Group, Inc. to sell its 64% interest in Magra Computer Technologies of Toronto Canada. Subject to a due diligence review Nutech will sell its 64% interest for cash and stock in the new company. Magra will become an on line retail shopping and computer products related sales company in Canada. CIS.com will enter into an agreement with Magra to build, operate, and manage Magra's on line Canadian operation. Harold Stock, President of CIS.com said, ''The sale by Nutech of its 64% interest in Magra enables CIS.com to eliminate Magra's losses from its balance sheet and at the same time, create an ongoing source of profitable revenue for the Company. It turns a negative situation into an on going positive business opportunity for CIS.com and its shareholders.'' -------------------------------------------------------------------------------- Contact:

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