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To: Sword who wrote (196)	12/28/1999 7:32:00 PM
From: Blue Snowshoe	Respond to of 336

Sword, That is a very good point that you bring up. And thanks for the information RE: earnings and CC. 909S2U, BLUE

To: Sword who wrote (196)	12/30/1999 11:03:00 AM
From: Sarkie	Read Replies (1) \| Respond to of 336

News December 30, 08:18 Eastern Time THCG Completes Acquisition of Mercury Coast Inc. NEW YORK, Dec 30, 1999 (BUSINESS WIRE) -- THCG, INC. (NASDAQ: THCG) today announced it has closed the acquisition of Mercury Coast Inc., an Internet business creation company based in New York City. THCG had signed a Letter of Intent to acquire 100% of Mercury Coast on December 8, 1999. Mercury Coast provides strategic planning, operations and marketing consulting services to Internet companies. It also owns equity interests in several of its clients. With the completion of the acquisition, Larry W. Smith, co-founder and CEO of Mercury Coast has joined THCG as President and has been appointed to the THCG Board of Directors. Prior to founding Mercury Coast, Mr. Smith was co-founder and CEO of U.S. Interactive (NASDAQ: USIT), one of the leading providers of Internet professional services in the U.S. Ed Tedeschi and Michael Gegenheimer, co-founders of Mercury Coast, will co-manage THCG's Business Creation unit. THCG issued a total of 700,005 shares of its common stock in the acquisition and entered into three year employment agreements with each of the co-founders of Mercury Coast under which they were each granted five year options to purchase 310,000 shares of THCG's common stock at $6.00 per share. These options vest over three years commencing on January 1, 2001. Commenting on the acquisition, Adi Raviv, Co-Chief Executive Officer of THCG, stated, "THCG's mission -- to provide the full range of products and services needed to create and build high quality Internet businesses efficiently and in e-time - is unique. The addition of Mercury Coast enhances our ability to add value at all points in the process, from idea generation through rapid marketplace launch and financing. We are particularly pleased that Larry Smith has joined us as President of THCG. His proven leadership and expertise, combined with the strong team of professionals we have assembled, will enable THCG to deliver unique perspective and value added capabilities to Internet businesses." Mr. Smith added, "The combined capabilities of THCG and Mercury Coast offer a critical competitive advantage to Internet ventures at all stages of development. By creating a seamless link between Internet business creation and capital/financial resources, THCG has perfectly positioned itself to offer its clients an unparalleled set of strategic planning, operations and marketing consulting services as well as venture funding opportunities. By building together on the strong foundation THCG has already established, we are confident that THCG will become a dominant player in e-business creation." About THCG THCG's mission is to build dominant companies by becoming a leading provider of business creation, development and financing resources to Internet entrepreneurs and traditional bricks and mortar companies migrating to the Internet. THCG has equity interests in a client portfolio of Internet-related companies including ETRAVNET.COM, Inc. (OTC BB: ETVT, www.travnet.com), iBeauty.com (www.ibeauty.com), Interleaf, Inc. (Nasdaq:LEAF, www.interleaf.com), LogNet Systems Inc. (www.lognet.co.il) and TechOnLine, Inc. (www.techonline.com). THCG also has equity interests in more than 10 additional Internet-related companies, including RealTimeImage Inc. (www.realtimeimage.com), SoftWatch Ltd. (www.softwatch.com), SunShine Media Corporation (www.bikini.com) and webMethods, Inc. (www.webmethods.com). THCG's web site is located at www.thcg.com. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, risks associated with startup or early stage enterprises, and other risks described in the Company's Securities and Exchange Commission filings.