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Technology Stocks : ABOM, V.AIR Airbomb.com Inc.

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To: Goalie who wrote ()5/16/2000 2:31:00 PM
From: Goalie   of 50
 
Airbomb.com is now a U.S. company!

Airbomb.com Inc.

News Release May 16, 2000

Canadian Venture Exchange (CDNX) Symbol: AIR
OTC Pink Sheets: ABOMF
Toll-free: 1-800-639-0544
Fax: 1-604-689-1722
Email: Airbomb@senategroup.com
Website: www.Airbomb.com

Airbomb.com Changes Name and Becomes a U.S. Company

Airbomb.com Inc. ("Airbomb" or the "Company") has received approval from the Canadian Venture Exchange, and pursuant to a special resolution passed by shareholders February 16, 2000, the company has changed its name from Airbomb.com Marketing Ltd. to Airbomb.com Inc.

Approval of the name change was required before moving the Company's incorporation to Delaware. Airbomb.com Inc. is now a United States incorporated company. The Company plans to file a Form 10-SB registration statement with the Securities and Exchange Commission.

The shares of Airbomb.com Inc. will continue to trade on the CDNX under the symbol AIR. The shares also currently trade in the U.S. on the OTC pink sheets under the symbol ABOMF. There was no consolidation of share capital. There are currently 11,135,462 shares issued and outstanding.

The Company's transfer agent continues to be Pacific Corporate Trust Company of Vancouver.

About Airbomb

Airbomb.com. Inc. is an Internet retailer of sporting goods, primarily bicycles and related components and accessories. The Company markets products acquired from a variety of suppliers at discount prices through its website located at 'www.airbomb.com'. Airbomb offers a powerful solution to
manufacturers through private label agreements, selling their products under the 'airbomb' label and by co-branding with established companies (e.g.:'Airbomb - Nuke Proof').

On behalf of the Board

"David Houston"

David Houston
President

The Canadian Venture Exchange has not approved or disapproved of this news release.
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