SAN MATEO, Calif., Nov 20, 2000 /PRNewswire via COMTEX/ -- Cosmoz.com (OTC
Bulletin Board: CMOZ), an Internet holding company and business accelerator,
today announced that it has arranged a direct private equity placement of
$500,000 from Asia Pacific Ventures, Inc. The proceeds of the private placement
will be used for general working capital, including the continued development
and expansion of FirstParsec, its business acceleration unit.
 
The terms of the private placement are for ten consecutive monthly payments of
$50,000 each from December 2000 to September 2001 in exchange for restricted
common stock of Cosmoz.com at a price of $0.20 per share. There are no
additional considerations under this arrangement.
 
"This funding arrangement enables us to proceed on schedule with the
second-stage development of our business acceleration program," explained Wing
Yu, COO of Cosmoz.com. "We remain committed to the support and mentoring of our
clients and subsidiaries as they develop into viable, stand-alone businesses."
 
The closing of the private equity placement is subject to final approval by the
Board of Directors of Cosmoz.com. The arrangement with Asia Pacific Ventures is
non-exclusive. Cosmoz may consider proposals offered by other interested parties
under more favorable terms to replace or complement its negotiated arrangement
with Asia Pacific Ventures. While Cosmoz expects to close the private equity
placement with Asia Pacific Ventures within 30 days, Cosmoz retains the option
of canceling the arrangement without incurring any penalties.
 
About Cosmoz.com, Inc.
 
Cosmoz.com, Inc. is a holding company and business accelerator that funds,
acquires, and develops Internet companies. Primarily focused on companies
providing B2B infrastructure and services, Cosmoz.com seeks companies with
unique technologies, people, and business models. The Company provides a core
platform of proven management, operations services, and network of venture
funding for companies to accelerate their growth faster than traditional paths.
Cosmoz.com is a publicly traded company under the symbol "CMOZ". Please visit
the website at cosmoz.com for additional information.
 
This news release may contain forward-looking statements made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. While these statements are made to convey to the public the Company's
progress, business opportunities, and growth prospects, readers are cautioned
that such forward-looking statements represent management's opinion. While
management believes such representation to be true and accurate based on the
information available to the Company, actual results may differ materially from
those described. The Company's operations and business prospects are always
subject to risk and uncertainties. Important factors that may cause actual
results to differ are set forth in Cosmoz.com, Inc.'s periodic filings with the
U.S. Securities and Exchange Commission.
 
SOURCE Cosmoz.com, Inc.
 
 
 CONTACT:          Dave Neville, Esq. of ProfitWire, Inc., 650-358-1188, or
                   ir@cosmoz.com
 
 URL:              cosmoz.com