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To: Joe Copia who wrote (11087)	10/6/1999 9:18:00 AM
From: SSP	Read Replies (3) \| Respond to of 150070

VFND impact date 10/16 - VirtualFund.com Forms B2BX Corporation as a Holding Company For Its Current Fully Incubated Companies B2BX Corporation Flagship Company, B2Bxchange Inc., Provides Businesses with Everything They Need to Build Their Business Online - Fast! MINNEAPOLIS, Oct. 6 /PRNewswire/ -- VirtualFund.com, Inc. (Nasdaq: VFND - news), an Internet Venture Resources & Investment company, today announced that it has formed B2BX Corporation, a holding company for VFND's current fully incubated technology companies. As a result of this formation, B2BX Corporation is launching B2BXchange, Inc., a company which offers an Internet-based operating environment that provides businesses with everything they need to build their business online by accessing software for commerce, collaboration and content. According to recent estimates by Goldman Sachs, business-to-business e-commerce in the United States represented $114 billion in 1999 and is projected to grow to approximately $1.5 trillion by 2004. Furthermore, Giga Information Group found that the global cost savings through business-to-business e-commerce will rise from $17 billion in 1998 to $1.25 trillion in 2002, with U.S. companies reaping half the long-term benefits. In addition, Gartner Group estimates that the average cost of developing and launching an e-commerce site is $1 million, mostly for labor. ''These figures are staggering when you consider that many small and medium-sized businesses that want to have an online presence and be a part of this opportunity don't have the resources, infrastructure or money to support their e-business objectives,'' stated David Alexander, VirtualFund.com Executive Vice President of Strategic Planning. ''B2BXchange allows the free use of basic versions of online software to facilitate online commerce, collaboration and content and makes it easy for businesses and their trading partners to conduct business online.'' ''B2BXchange is unique,'' said Mel Masters, Chairman & CEO of VirtualFund.com. ''Most of the investment in B2BXchange's products, software, supporting infrastructure and time required to go to market are behind us. VirtualFund has done the work to successfully launch B2BXchange this month, and we are ready to have it start its own life.'' B2BXchange services are scheduled for launch on October 15, 1999. B2BX Corporation B2BX Corporation, headquartered in Santa Clara, California, is a holding company for VirtualFund.com for its current fully incubated independent companies. B2BX Corporation includes B2BXchange, Inc., which expects to introduce its suite of services on October 15, and RSPNet, Inc., an IT-consulting company, which provides Internet hosting, tools and services and was acquired in December 1998. More information about B2BX Corporation, its revenue model and marketing plans can be found at messages.yahoo.com . About VirtualFund.com, Inc. VirtualFund.com, founded in 1985, is an Internet Venture Resources & Investment company headquartered in Eden Prairie, Minnesota, with wholly owned investments in digital graphics and communications (Digital Graphics Business Unit or ''DGBU''); as well as Internet software, hosting and integration services (Internet Software Business Unit or ''ISBU''). The primary expansion initiative of VFND is represented by the Internet Software Business Unit that is currently funding investment and development stage companies with highly viral growth potential. For more information about VirtualFund.com, visit their web site at virtualfund.com . Institutional investors and private investment groups may contact Christine Belonogoff at The Financial Relations Board at 415-986-1591 for a schedule of presentations to be made by ISBU management during October or to organize a meeting in their city.