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To: Chris K. who wrote (31652)	2/29/2000 1:04:00 PM
From: bigbuk	Respond to of 150070

WTCH NEWS fantastic!!!!!!!!!1 PR-WATCHOUT! ENTERS U.S. BROADBAND MARKET WITH ACQUISITION OF M. JOHNSON ASSOCIATES COMMUNICATIONS, INC. NEW YORK, Feb 29, 2000 /PRNewswire via COMTEX/ -- WatchOut, Inc. (OTC Bulletin Board: WTCH) announced today that they have signed a binding contract to acquire M. Johnson & Associates Communications, Inc., a Baltimore based Telecommunications Company. This acquisition continues WatchOut's movement into the high-tech Broadband Telecommunications Industry. WatchOut! recently announced the acquisition of a controlling ownership interest in WirelessOn.com, a pioneer in bi-directional wireless T-1 systems, which has developed a tier on fiber optic backbone across Canada. M. Johnson & Associates Communications, Inc., own the exclusive rights for Broadband Telecommunications System for the greater Washington DC area, and six adjoining counties, which is part of a much greater system throughout most of the U. S. and Canada. "The Management of M. Johnson & Associates Communications, Inc. is made up of exceptionally knowledgeable professionals in the broadband, Internet and virtual network arena. With the acquisition of M. Johnson Communications, Inc., we look forward to rapid and synergistic continued development of their technology assets, with the guidance and assistance that WatchOut! will provide. M. J. Communications, Inc. fits our business model perfectly. We look at private companies with small valuations that have the ability to explode dynamically; thus, increasing value for our shareholders. Our plans to build value for our shareholders over the next twelve (12) months and beyond are very aggressive. We are currently negotiating with no less than five (5) companies for acquisitions for alliances, and expect to make additional announcements shortly. I see tremendous opportunities today in communications, financial services and Internet-related companies. Totally new ways of doing business are emerging daily. Innovative CyberSystems represents a vehicle to take advantage of this, much as CMGI holdings, Inc. (CMGI news), has done. Innovative CyberSystems will create value through investing in many inter-related companies," commented Kevin Waltzer, Chairman and CEO of WatchOut! Inc. According to Kevin Waltzer, "WatchOut! shareholders benefit by spinning off our companies when the opportunity presents itself. In addition, because the companies we align with or acquire are so diversified we are not dependent on one business sector." 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 Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statement about expected future events and/or financial results that are forward-looking in nature and subject to risk#!e Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's recent filings. Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction. SOURCE WatchOut, Inc. (C) 2000 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Brad Maxwell of M. Johnson and Associates Communications, 410-234-0350, for WatchOut WEB PAGE: johnsonandassociates.net innovativecybersystems.com GEOGRAPHY: New York Maryland INDUSTRY CODE: CPR TLS SUBJECT CODE: CON TNM