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To: Investor Clouseau who wrote (2200)	7/2/1999 2:49:00 PM
From: SSP	Respond to of 150070

Sounds good :)) - News out on USAV, ERMUDA DUNES, Calif--(BUSINESS WIRE)--July 2, 1999-- CostPlusFive.com (OTC BB:USAV) Friday announced that it has signed a Stock Purchase Agreement and Binding Commitment Letter to purchase Vequity Corp. as a wholly owned subsidiary. Vequity is implementing an Internet-based Patent Pending Business Model which will create a centralized online business directory and shopping guide for small and medium businesses and their customers, providing Vequity's subscriber base with significant Web site content, advertiser loyalty, branding, market share, and customer loyalty. According to Forrester Research, a leading Internet research firm, projected spending for Internet advertising is expected to reach $15 billion by 2003 with the value of goods and services traded over the Internet to be over $165 billion by the year 2000. The specific terms of the transaction are not being disclosed at this time, but Frank Scivially, MBA, president of CostPlusFive.com, commented, "This action is extremely positive for the company, as it will open up new distribution channels for our core products, as well as provide cross selling opportunities that could add attractive revenue and profits to the company within a relatively short period of time. Additionally, the management of Vequity is very strong and will provide measurable added value to our management team and board of directors." Tom Moore, chairman and chief executive officer of Vequity also commented that "this acquisition of Vequity by CostPlusFive.com Inc. is a good strategic move for both companies. I am very impressed with the CostPlusFive.com business model as well as their products and services. I believe that our business models are complementary and jointly, we will be able to explore unique strategic relationships with other companies. Our shared goal is for both of us to become noted players in the electronic commerce arena." For more information, contact CostPlusFive Investor Relations, Skip Nordstrom, at 800/561-4642. This news release may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the statements contained herein. Such risks and uncertainties include, but are not limited to, changes in the performance of the financial markets, change in the demand for and market acceptance of the company's products and services, changes in the mortgage and Internet industry, the impact of competition, and other risks disclosed from time to time in the company's regulatory reports and filings.