To: SSP who wrote (53213 ) 6/30/2000 2:44:27 PM From: Jim Bishop Respond to of 150070 TSER might be one for the LIST two great releases today, both with impact dates... I'm in at .23 BOCA RATON, Fla.--(BUSINESS WIRE)--June 30, 2000--Paul Johnson, President/CEO of eTravelserve.com, Inc. (www.etravelserve.com; OTCBB:TSER -<br> news), has announced that the company has planned to spin-off eAuctionserve.com, a division of eTravelserve.com, to become its own publicly traded entity. All<br> shareholders of record for eTravelserve.com effective the close of business Wednesday, October 25, 2000 will be entitled to an equal distribution of 80% of the<br> shares of eAuctionserve.com. The ownership of the remaining 20% of outstanding shares of eAuctionserve.com will remain with eTravelserve.com. <p> EAuctionserve.com is a division of eTravelserve.com. The company is a separate business entity that will provide B2B and B2C business auction transaction<br> services. EAuctionserve.com has developed a plan to operate a proprietary Internet auction website that will allow consumers to buy and sell products in an online<br> auction environment. The company will use streaming video, sound and advanced database technologies to provide a new level of interaction with consumers. <p> eAuctionserve.com will also make its software and Internet applications available to the business community on a ``private label'' basis. This service will allow<br> companies to offer auction services for there own specific products. eauctionserve.com will generate revenue on the software licensing as well on a<br> transaction-by-transaction basis. Companies that have been unable to offer products or services on an auction basis due to capital costs involved in setting up an<br> auction program will now be able to offer such service by utilizing eAuctionserve.com as a service provider. eAuctionserve.com will provide these services to<br> eTravelserve.com as well as a number of other clients. <p> ``The software and technology behind eAuctionserve.com was initially conceived to facilitate the auction of travel products for eTravelserve.com. The uses for the<br> developments go well beyond eTravelserve.com and were therefore always viewed as a separate business entity. As eTravelserve.com has been developing we<br> have begun expanding operations and hiring a management team, starting with the COO and CIO. In the coming months eTravelserve.com will hire a CFO and new<br> President. The same type of development is being facilitated for eAuctionserve.com within the next few weeks including the launching of a presentation site, strategic<br> partnerships and the initial selection of a management team. The dividend spin-off should prove beneficial to the shareholders because all shareholders of record as<br> of the dividend date will be entitled to an equal distribution of stock when eAuctionserve.com becomes its own publicly traded entity. We feel that the use of<br> enhanced video, sound and database technologies will allow eAuctionserve.com to compete with companies such as Priceline.com (PCLN) and eBay,'' Said<br> Johnson. <p> eTravelserve.com will also release a recorded ``Investor Update Call'' as of June 30,2000 at 2100 EST, which can be accessed at 1-877-213-9653 and entering<br> code No. 2193973. The call will update new developments, specific ad campaign information as well as upcoming plans. <p> FOR SHAREHOLDER INFORMATION CALL STOCKBROKER RELATIONS AT 1-800-546-7950 <p> Information in this press release contains ``forward-looking statements.'' These statements involve risks and uncertainties that could cause actual results to differ<br> materially. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals,<br> obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the Company's<br> filings with the S.E.C. <p> Contact: <p> eTravelserve.com, Boca Raton<br> Paul Johnson, CEO<br> 561/417-3633<br> www.etravelserve.com