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

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To: Goalie who started this subject	4/24/2001 6:07:06 PM
From: Goalie	of 50

News release! Airbomb.com Inc. News Release Canadian Venture Exchange (CDNX) Symbol: AIR April 24, 2001 NASD OTC Bulletin Board: ABOM Toll-free: 1-800-639-0544 Tel: 1-604-689-1659 Fax: 1-604-689-1722 Email: airbomb@senategroup.com Websites: www.airbomb.com AIRBOMB CONTINUES RAPID GROWTH A record jump of 18% in the U.S. bicycle industry during the past year has helped Airbomb, an online supplier of performance bicycles and accessories, record projected sales of 220% over the previous year. During the year 2000, the U.S. market for complete bikes climbed to over 20.6 million units versus 17.5 million units for 1999 (National Bike Dealers Association of America). Airbomb has grown even more rapidly, enjoying year end sales to March 2001 of over one million dollars compared to just over 400 thousand dollars the previous year. (all figures US Funds). "We are in the right place with a business model that works," said Airbomb General Manager, Don Shaw. "More bikes are being sold in the U.S. than at any time this century and Airbomb is on top of the food chain," stated Mr. Shaw. The company has continued to use low-cost web marketing to drive growth and has seen the number of 'hits' to its website double over the past year to 1.6 million per month. Mr. Shaw further stated, "Our success both in sourcing products directly from manufacturers and in satisfying our customers' needs has been expressed by our sales results and market position, and it is especially noteworthy that this has been obtained during a challenging economic atmosphere". About Airbomb.com Inc Airbomb.com Inc. is a B2B and B2C internet e-tailer and distributor of mountain bikes and related parts and accessories. The Company is unique because it has developed strong relationships with some of the largest original equipment and component manufacturers (OEMs) in Asia and North America. Selling products direct from the manufacturers to the consumers and retail dealers at wholesale prices or less allows Airbomb.com customers significant price advantages over the competition. According to the World Market Report International Bicycle Statistics, 1999 Interbike Directory, the United States retail market for bicycles and related parts and accessories is approximately US $5.4 billion and US $25 billion globally. Further disclosure of the Company's activities can be found in the "Investors" section at www.airbomb.com On behalf of the Board David Houston President

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