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To: Tim Davies who wrote (24803)	2/3/2000 3:47:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

REALESTATE4SALE.COM ANNOUNCES LETTER OF INTENT TO BE ACQUIRED BY PHOTONICS CORPORATION DALLAS, Feb 3, 2000 /PRNewswire via COMTEX/ -- Photonics Corporation (OTC Bulletin Board: PHOX), formerly a developer of Integrated Device Electronics and Small Computer System Interface disk controller cards based in Sunnyvale, California, announced today the Company has signed an agreement of its intent to acquire all the outstanding shares of RealEstate4Sale.com, Inc., a Dallas, Texas based, privately held internet company that provides listing information on commercial / investment properties for sale within the United States and soon on a world-wide basis. "Photonics has been looking for a quality entry point into the 'dot com' business, and of the companies we reviewed, RealEstate4Sale.com was clearly the opportunity we were looking for," stated James T. Koo a representative of Photonics. "While the MLS (multiple listing service) for residential real estate has been around for decades, the centralized listings of 'commercial/investment real estate' have been regional efforts, fragmented on a national scope and non-existent world-wide. RealEstate4Sale.com has built that vehicle for investors to find real estate investments and have been growing a world-wide sales force to implement its usage." Subject to completing due diligence, making needed internal corporate structural changes, a shareholder vote and any other securities requirements, the acquisition is expected to be consummated on February 14, 2000. "Photonics's access to the public markets will provide us the needed ability to consummate the acquisition of various internet and non-internet related companies needed to command a prime position in our market on a world- wide basis," remarked Chip Langston, RealEstate4Sale.com's Chief Financial Officer. "Our shareholders are excited, and we anticipate full support for this move." Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Photonics Corp. and RealEstate4Sale.com. to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's Annual Reports and other filings with the Securities and Exchange Commission. Photonics Corp. and RealEstate4Sale.com, will remain dependent upon future financing for its growth and development, and for it to successfully implement its business plan. No statement contained herein should be construed as indicating that such financing is or will be available, and, if available, will be on terms favorable to the Company. This press release speaks as of the date first set forth above and Photonics Corp. and RealEstate4Sale.com. assume no responsibility to update the information included herein for events occurring after the date hereof. SOURCE RealEstate4Sale.com, Inc. and Photonics Corporation (C) 2000 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Chip Langston of RealEstate4Sale.com, Inc., 214-651-7070 WEB PAGE: realestate4sale.com