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  CathayOnline Announces Agreement With Talk-Stock.com. 
                         NEW YORK, Oct 4, 1999 (BUSINESS WIRE) -- CathayOnline Inc. (OTC                        BB:CAOL) announced today that has entered into an agreement with                        Talk-Stock with Me Inc., a public relations, financial communications,                        and investor relations company. Information on CathayOnline is                        available at the Talk-Stock.com website (http://www.talk-stock.com). 
                        Talk-Stock.com promotes outstanding companies and investment                        opportunities to a worldwide audience (in English, German, Spanish and                        Chinese) on their website. Talk-Stock.com also serves as an interactive                        forum for potential online investors via live audio and video                        broadcasts. 
                        Talk-Stock.com's professional services include guiding online                        individuals to CathayOnline's Corporate Profile, research reports,                        daily updates, breaking news, preferred brokers, and links to all                        current information. 
                        CathayOnline has also entered into an agreement with Johnson &                        Associates of Maryland who will assist the Company with public                        relations. These relationships are intended to increase timely                        dissemination of information to investors. 
                        CathayOnline Inc. continues to develop and engage in business that                        provides significant cash flow opportunities and established                        management. The continued expansion of CathayOnline's Internet services                        propels the Company further toward its goal of becoming a leading,                        fully diversified Internet company targeting Chinese-speaking markets. 
                        CATHAYONLINE INC.
                        On Behalf of the Board of Directors Brian Ransom, President More                       information can be obtained about CathayOnline by visiting                       cathayonline.com Statements included in this press release                       which are not historical in nature, are intended to be, and are hereby                       identified as "forward-looking statements" for purposes of the safe harbor                       provided by Section 21E of the Securities Exchange Act of 1934, as amended                       by Public Law 104-67. Forward-looking statements may be identified by                       words including "anticipate," "believe," "intends," "estimates," "expect,"                       and similar expressions. The Company cautions readers that forward-looking                       statements, including without limitation, those relating to the Company's                       future business prospects are subject to certain risks and uncertainties                       that could cause actual results to differ materially from those indicated                       in the forward-looking statements. 
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